Texas Instruments Incorporated (NASDAQ:TXN) Shares Purchased by CenterBook Partners LP

Key Points

• CenterBook Partners LP increased its holdings in Texas Instruments by 256.6% during the first quarter, owning 28,076 shares valued at over $5 million.
• Texas Instruments reported quarterly earnings of $1.41 per share, exceeding estimates and marking a 16.4% year-over-year revenue growth.
• The company declared a quarterly dividend of $1.36 per share, which indicates a dividend yield of 2.9% and a high payout ratio of 99.63%.

CenterBook Partners LP raised its position in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 256.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,076 shares of the semiconductor company's stock after acquiring an additional 20,203 shares during the quarter. CenterBook Partners LP's holdings in Texas Instruments were worth $5,045,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. Brighton Jones LLC lifted its holdings in Texas Instruments by 33.4% in the fourth quarter. Brighton Jones LLC now owns 16,840 shares of the semiconductor company's stock worth $3,158,000 after acquiring an additional 4,218 shares during the last quarter. Bank Pictet & Cie Europe AG boosted its position in Texas Instruments by 14.8% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 138,350 shares of the semiconductor company's stock valued at $25,942,000 after purchasing an additional 17,840 shares during the period. Trexquant Investment LP grew its stake in Texas Instruments by 59.7% during the 4th quarter. Trexquant Investment LP now owns 9,494 shares of the semiconductor company's stock worth $1,780,000 after buying an additional 3,549 shares during the last quarter. Federated Hermes Inc. increased its position in Texas Instruments by 1.2% in the fourth quarter. Federated Hermes Inc. now owns 19,667 shares of the semiconductor company's stock worth $3,688,000 after buying an additional 239 shares during the period. Finally, Twin Capital Management Inc. lifted its stake in Texas Instruments by 6.3% in the fourth quarter. Twin Capital Management Inc. now owns 1,392 shares of the semiconductor company's stock valued at $261,000 after buying an additional 82 shares during the last quarter. Hedge funds and other institutional investors own 84.99% of the company's stock.

Texas Instruments Stock Performance

NASDAQ:TXN opened at $185.91 on Thursday. The stock has a market capitalization of $169.02 billion, a P/E ratio of 34.05, a price-to-earnings-growth ratio of 3.04 and a beta of 1.03. The company has a current ratio of 5.81, a quick ratio of 3.88 and a debt-to-equity ratio of 0.86. Texas Instruments Incorporated has a 1 year low of $139.95 and a 1 year high of $221.69. The firm has a 50 day moving average of $200.77 and a 200-day moving average of $185.18.

Texas Instruments (NASDAQ:TXN - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The semiconductor company reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.09. The business had revenue of $4.45 billion for the quarter, compared to the consensus estimate of $4.31 billion. Texas Instruments had a net margin of 30.23% and a return on equity of 30.10%. The firm's quarterly revenue was up 16.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.17 EPS. As a group, sell-side analysts anticipate that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 12th. Stockholders of record on Thursday, July 31st will be given a dividend of $1.36 per share. The ex-dividend date is Thursday, July 31st. This represents a $5.44 annualized dividend and a dividend yield of 2.9%. Texas Instruments's payout ratio is currently 99.63%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on TXN. Benchmark increased their price target on Texas Instruments from $200.00 to $220.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. DZ Bank reissued a "sell" rating and set a $158.00 target price on shares of Texas Instruments in a research note on Wednesday, July 23rd. Wolfe Research upgraded shares of Texas Instruments from a "peer perform" rating to an "outperform" rating and set a $230.00 price target on the stock in a research report on Monday, July 28th. Arete Research upgraded shares of Texas Instruments to a "hold" rating in a report on Thursday, June 26th. Finally, Mizuho reduced their price objective on shares of Texas Instruments from $205.00 to $200.00 and set a "neutral" rating for the company in a research report on Wednesday, July 23rd. Four research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $212.21.

Texas Instruments Profile

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers in the United States and internationally. The company operates through Analog and Embedded Processing segments. The Analog segment offers power products to manage power requirements across various voltage levels, including battery-management solutions, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage references, and lighting products.

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