iA Global Asset Management Inc. Has $18.39 Million Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Key Points

• iA Global Asset Management Inc. increased its stake in Texas Instruments by 4.1%, owning a total of 102,327 shares worth approximately $18.39 million as of the end of the last quarter.
• Texas Instruments reported a quarterly earnings per share (EPS) of $1.41, exceeding analyst estimates of $1.32, while revenue increased by 16.4% compared to the same quarter last year.
• The company declared a quarterly dividend of $1.36, with a dividend yield of 3.0%, while maintaining a high dividend payout ratio of 99.63%.

iA Global Asset Management Inc. grew its stake in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 4.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 102,327 shares of the semiconductor company's stock after purchasing an additional 4,004 shares during the period. iA Global Asset Management Inc.'s holdings in Texas Instruments were worth $18,388,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in TXN. Brighton Jones LLC raised its position 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 purchasing an additional 4,218 shares in the last quarter. Bank Pictet & Cie Europe AG grew its stake in shares of Texas Instruments by 14.8% in 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 raised its holdings in shares of Texas Instruments by 59.7% in 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 in the last quarter. Perennial Investment Advisors LLC lifted its position in shares of Texas Instruments by 63.4% during the 4th quarter. Perennial Investment Advisors LLC now owns 1,734 shares of the semiconductor company's stock worth $325,000 after buying an additional 673 shares during the period. Finally, Federated Hermes Inc. lifted its position in shares of Texas Instruments by 1.2% during the 4th 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. Institutional investors own 84.99% of the company's stock.

Analysts Set New Price Targets

TXN has been the subject of several recent analyst reports. Benchmark increased their price objective on Texas Instruments from $200.00 to $220.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. Wells Fargo & Company dropped their target price on shares of Texas Instruments from $215.00 to $195.00 and set an "equal weight" rating for the company in a research report on Wednesday, July 23rd. Barclays downgraded shares of Texas Instruments from an "equal weight" rating to an "underweight" rating and cut their price target for the company from $180.00 to $125.00 in a report on Tuesday, April 22nd. TD Securities reaffirmed a "hold" rating and set a $160.00 price objective on shares of Texas Instruments in a research note on Thursday, April 24th. Finally, Argus raised shares of Texas Instruments to a "strong-buy" rating in a report on Friday, April 25th. Four equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Texas Instruments presently has a consensus rating of "Hold" and a consensus price target of $212.21.

Texas Instruments Price Performance

Shares of TXN stock remained flat at $185.91 during trading hours on Thursday. The stock had a trading volume of 6,560,410 shares, compared to its average volume of 7,913,009. Texas Instruments Incorporated has a one year low of $139.95 and a one year high of $221.69. The company has a debt-to-equity ratio of 0.86, a quick ratio of 3.88 and a current ratio of 5.81. The firm has a market capitalization of $169.02 billion, a price-to-earnings ratio of 34.05, a price-to-earnings-growth ratio of 3.03 and a beta of 1.03. The firm's fifty day simple moving average is $200.78 and its 200 day simple moving average is $185.13.

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

Texas Instruments Announces Dividend

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