AIA Group Ltd Reduces Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Key Points

• AIA Group Ltd has reduced its stake in Texas Instruments by 27.3%, now holding 227,078 shares, which account for about 1.0% of its portfolio.
• Texas Instruments reported a quarterly earnings per share of $1.41, surpassing the expected $1.32, and had revenue of $4.45 billion, exceeding estimates.
• The company announced a quarterly dividend of $1.36 per share, which will be paid on August 12, 2023, reflecting a 2.9% yield for shareholders.

AIA Group Ltd reduced its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 27.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 227,078 shares of the semiconductor company's stock after selling 85,128 shares during the quarter. Texas Instruments comprises 1.0% of AIA Group Ltd's investment portfolio, making the stock its 18th biggest position. AIA Group Ltd's holdings in Texas Instruments were worth $40,806,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Kestra Private Wealth Services LLC lifted its stake in shares of Texas Instruments by 10.9% during the 1st quarter. Kestra Private Wealth Services LLC now owns 63,786 shares of the semiconductor company's stock valued at $11,462,000 after buying an additional 6,267 shares in the last quarter. Independent Advisor Alliance lifted its stake in Texas Instruments by 4.8% in the 1st quarter. Independent Advisor Alliance now owns 26,684 shares of the semiconductor company's stock worth $4,795,000 after purchasing an additional 1,232 shares in the last quarter. Gries Financial LLC purchased a new stake in Texas Instruments in the 1st quarter worth approximately $243,000. Brighton Jones LLC lifted its stake in Texas Instruments by 33.4% in the 4th quarter. Brighton Jones LLC now owns 16,840 shares of the semiconductor company's stock worth $3,158,000 after purchasing an additional 4,218 shares in the last quarter. Finally, JARISLOWSKY FRASER Ltd lifted its stake in Texas Instruments by 7.4% in the 4th quarter. JARISLOWSKY FRASER Ltd now owns 2,390 shares of the semiconductor company's stock worth $448,000 after purchasing an additional 165 shares in the last quarter. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TXN has been the topic of several recent analyst reports. The Goldman Sachs Group initiated coverage on shares of Texas Instruments in a research note on Thursday, July 10th. They issued a "buy" rating and a $255.00 target price on the stock. Barclays cut shares of Texas Instruments from an "equal weight" rating to an "underweight" rating and lowered their target price for the stock from $180.00 to $125.00 in a research note on Tuesday, April 22nd. UBS Group set a $255.00 target price on shares of Texas Instruments in a research note on Tuesday, July 22nd. Summit Insights cut shares of Texas Instruments from a "buy" rating to a "hold" rating in a research note on Thursday, April 24th. Finally, Cantor Fitzgerald reiterated a "neutral" rating on shares of Texas Instruments in a research note on Tuesday, July 22nd. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $212.21.

Texas Instruments Trading Up 5.0%

Texas Instruments stock traded up $9.26 during trading hours on Tuesday, reaching $192.97. The stock had a trading volume of 9,960,812 shares, compared to its average volume of 8,156,814. The stock has a market cap of $175.44 billion, a PE ratio of 35.34, a PEG ratio of 3.00 and a beta of 1.03. Texas Instruments Incorporated has a 52 week low of $139.95 and a 52 week high of $221.69. 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 company has a fifty day simple moving average of $201.00 and a 200-day simple moving average of $184.93.

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

Texas Instruments Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 12th. Shareholders of record on Thursday, July 31st will be issued a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Thursday, July 31st. Texas Instruments's dividend payout ratio (DPR) is 99.63%.

Texas Instruments Company 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.