Texas Instruments Incorporated (NASDAQ:TXN) Shares Purchased by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. increased its stake in Texas Instruments by 0.5%, owning over 94 million shares valued at approximately $16.9 billion as of the latest reporting period.
• Texas Instruments reported earnings of $1.41 per share for the last quarter, surpassing analysts' expectations and showing a revenue increase of 16.4% year-over-year.
• The company declared a quarterly dividend of $1.36 per share, resulting in an annualized dividend yield of 2.9%, with a dividend payout ratio of 99.63%.

Vanguard Group Inc. lifted its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 0.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 94,020,960 shares of the semiconductor company's stock after acquiring an additional 453,683 shares during the quarter. Vanguard Group Inc. owned 10.35% of Texas Instruments worth $16,895,567,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. GAMMA Investing LLC lifted its position in shares of Texas Instruments by 21,778.6% in the 1st quarter. GAMMA Investing LLC now owns 3,422,027 shares of the semiconductor company's stock valued at $614,938,000 after acquiring an additional 3,406,386 shares in the last quarter. Jennison Associates LLC lifted its position in shares of Texas Instruments by 2,898.0% in the 1st quarter. Jennison Associates LLC now owns 2,214,471 shares of the semiconductor company's stock valued at $397,940,000 after acquiring an additional 2,140,605 shares in the last quarter. Rothschild & Co Wealth Management UK Ltd lifted its position in shares of Texas Instruments by 1,000.6% in the 1st quarter. Rothschild & Co Wealth Management UK Ltd now owns 1,287,734 shares of the semiconductor company's stock valued at $231,406,000 after acquiring an additional 1,170,728 shares in the last quarter. Northern Trust Corp lifted its position in shares of Texas Instruments by 12.2% in the 4th quarter. Northern Trust Corp now owns 10,398,010 shares of the semiconductor company's stock valued at $1,949,731,000 after acquiring an additional 1,132,187 shares in the last quarter. Finally, Capital International Investors lifted its position in shares of Texas Instruments by 26.3% in the 4th quarter. Capital International Investors now owns 5,194,675 shares of the semiconductor company's stock valued at $974,054,000 after acquiring an additional 1,080,782 shares in the last quarter. 84.99% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on TXN. Rosenblatt Securities restated a "buy" rating and issued a $245.00 price target on shares of Texas Instruments in a research report on Wednesday, July 23rd. KeyCorp increased their target price on shares of Texas Instruments from $215.00 to $240.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 8th. Wolfe Research upgraded shares of Texas Instruments from a "peer perform" rating to an "outperform" rating and set a $230.00 target price for the company in a research report on Monday, July 28th. Citigroup reiterated a "buy" rating on shares of Texas Instruments in a research report on Tuesday, July 22nd. Finally, Seaport Res Ptn upgraded shares of Texas Instruments from a "strong sell" rating to a "hold" rating in a research report on Monday, July 21st. Four research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Texas Instruments has an average rating of "Hold" and an average target price of $212.21.

Texas Instruments Stock Performance

NASDAQ TXN opened at $185.40 on Wednesday. The company has a debt-to-equity ratio of 0.86, a current ratio of 5.81 and a quick ratio of 3.88. The firm has a market capitalization of $168.55 billion, a price-to-earnings ratio of 33.96, a P/E/G ratio of 3.00 and a beta of 1.03. The company's fifty day moving average is $200.73 and its two-hundred day moving average is $185.17. Texas Instruments Incorporated has a 52-week low of $139.95 and a 52-week high of $221.69.

Texas Instruments (NASDAQ:TXN - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The semiconductor company reported $1.41 EPS for the quarter, topping analysts' consensus estimates of $1.32 by $0.09. The company had revenue of $4.45 billion during 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 revenue for the quarter was up 16.4% compared to the same quarter last year. During the same period last year, the firm earned $1.17 EPS. Equities research analysts forecast that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Announces Dividend

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

About Texas Instruments

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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