Teza Capital Management LLC Acquires Shares of 2,881 Texas Instruments Incorporated $TXN

Key Points

• Teza Capital Management LLC acquired 2,881 shares of Texas Instruments (NASDAQ:TXN), valued at approximately $518,000, in the first quarter of 2023.
• The semiconductor company's recent earnings showed a net margin of 30.23% and revenue increased by 16.4% year-over-year, reaching $4.45 billion for the quarter.
• Texas Instruments has announced a quarterly dividend of $1.36 per share, contributing to an annualized yield of 2.9%.

Teza Capital Management LLC acquired a new stake in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 2,881 shares of the semiconductor company's stock, valued at approximately $518,000.

Several other large investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in shares of Texas Instruments by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 94,020,960 shares of the semiconductor company's stock worth $16,895,567,000 after purchasing an additional 453,683 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Texas Instruments by 2.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 21,915,824 shares of the semiconductor company's stock worth $3,938,274,000 after purchasing an additional 428,356 shares during the period. Invesco Ltd. lifted its position in shares of Texas Instruments by 14.6% in the 1st quarter. Invesco Ltd. now owns 13,624,568 shares of the semiconductor company's stock worth $2,448,335,000 after purchasing an additional 1,731,411 shares during the period. Price T Rowe Associates Inc. MD lifted its position in shares of Texas Instruments by 20.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 13,197,863 shares of the semiconductor company's stock worth $2,371,657,000 after purchasing an additional 2,257,086 shares during the period. Finally, Northern Trust Corp lifted its position in shares of Texas Instruments by 0.9% in the 1st quarter. Northern Trust Corp now owns 10,493,990 shares of the semiconductor company's stock worth $1,885,770,000 after purchasing an additional 95,980 shares during the period. 84.99% of the stock is owned by hedge funds and other institutional investors.

Texas Instruments Trading Up 0.3%

NASDAQ:TXN opened at $187.93 on Monday. Texas Instruments Incorporated has a 52 week low of $139.95 and a 52 week high of $221.69. The firm has a 50 day moving average of $200.79 and a 200 day moving average of $186.77. The company has a quick ratio of 3.88, a current ratio of 5.81 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $170.85 billion, a price-to-earnings ratio of 34.42, a PEG ratio of 3.07 and a beta of 1.02.

Texas Instruments (NASDAQ:TXN - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The semiconductor company reported $1.41 EPS for the quarter, beating analysts' consensus estimates of $1.32 by $0.09. Texas Instruments had a net margin of 30.23% and a return on equity of 30.10%. The company had revenue of $4.45 billion during the quarter, compared to analysts' expectations of $4.31 billion. During the same quarter in the prior year, the company posted $1.17 earnings per share. Texas Instruments's revenue for the quarter was up 16.4% compared to the same quarter last year. Texas Instruments has set its Q3 2025 guidance at 1.360-1.600 EPS. As a group, sell-side analysts anticipate that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 12th. Shareholders of record on Thursday, July 31st were paid a dividend of $1.36 per share. The ex-dividend date was Thursday, July 31st. This represents a $5.44 dividend on an annualized basis and a yield of 2.9%. Texas Instruments's dividend payout ratio is presently 99.63%.

Insider Transactions at Texas Instruments

In other Texas Instruments news, VP Ahmad Bahai sold 1,500 shares of the company's stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $205.35, for a total transaction of $308,025.00. Following the transaction, the vice president owned 38,883 shares in the company, valued at approximately $7,984,624.05. This represents a 3.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.57% of the company's stock.

Analysts Set New Price Targets

TXN has been the subject of several research reports. Wells Fargo & Company lowered their price target 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. Cantor Fitzgerald reaffirmed a "neutral" rating on shares of Texas Instruments in a research report on Tuesday, July 22nd. Citigroup reaffirmed a "buy" rating on shares of Texas Instruments in a research report on Tuesday, July 22nd. JPMorgan Chase & Co. upped their price target on shares of Texas Instruments from $195.00 to $225.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 23rd. Finally, Wolfe Research raised 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. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, thirteen have assigned a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $211.90.

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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