Tokio Marine Asset Management Co. Ltd. Buys 1,632 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Key Points

• Tokio Marine Asset Management Co. Ltd. increased its stake in Texas Instruments by 6.3%, acquiring an additional 1,632 shares to hold a total of 27,365 shares valued at approximately $4.9 million.
• Vanguard Group Inc. and Invesco Ltd. also expanded their holdings in Texas Instruments, reflecting growing interest from institutional investors, which collectively own 84.99% of the stock.
• Texas Instruments announced a quarterly dividend of $1.36 per share, contributing to an annualized dividend yield of 2.8% amidst robust earnings results with a reported EPS of $1.41.

Tokio Marine Asset Management Co. Ltd. grew its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 6.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 27,365 shares of the semiconductor company's stock after acquiring an additional 1,632 shares during the quarter. Tokio Marine Asset Management Co. Ltd.'s holdings in Texas Instruments were worth $4,917,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in 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 buying an additional 453,683 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in 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 buying an additional 428,356 shares in the last quarter. Invesco Ltd. increased its holdings in 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 buying an additional 1,731,411 shares in the last quarter. Northern Trust Corp increased its holdings in Texas Instruments by 12.2% in the 4th quarter. Northern Trust Corp now owns 10,398,010 shares of the semiconductor company's stock worth $1,949,731,000 after buying an additional 1,132,187 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in Texas Instruments by 9.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 8,831,420 shares of the semiconductor company's stock worth $1,587,006,000 after buying an additional 745,119 shares in the last quarter. 84.99% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on TXN. Argus upgraded Texas Instruments to a "strong-buy" rating in a report on Friday, April 25th. Cantor Fitzgerald reiterated a "neutral" rating on shares of Texas Instruments in a report on Tuesday, July 22nd. Morgan Stanley reiterated an "underweight" rating on shares of Texas Instruments in a report on Tuesday, July 22nd. Wolfe Research upgraded Texas Instruments from a "peer perform" rating to an "outperform" rating and set a $230.00 price objective for the company in a report on Monday, July 28th. Finally, DZ Bank reissued a "sell" rating and issued a $158.00 target price on shares of Texas Instruments in a research report on Wednesday, July 23rd. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $212.21.

Texas Instruments Stock Performance

NASDAQ:TXN opened at $193.32 on Thursday. The company has a debt-to-equity ratio of 0.86, a current ratio of 5.81 and a quick ratio of 3.88. Texas Instruments Incorporated has a 1 year low of $139.95 and a 1 year high of $221.69. The stock's 50 day simple moving average is $201.05 and its two-hundred day simple moving average is $184.98. The company has a market cap of $175.75 billion, a price-to-earnings ratio of 35.41, a PEG ratio of 3.15 and a beta of 1.03.

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. The firm had revenue of $4.45 billion for the quarter, compared to the consensus estimate of $4.31 billion. Texas Instruments had a return on equity of 30.10% and a net margin of 30.23%. The company's revenue for the quarter was up 16.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.17 EPS. As a group, equities 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 announced a quarterly dividend, which was paid on Tuesday, August 12th. Stockholders of record on Thursday, July 31st were given a dividend of $1.36 per share. The ex-dividend date of this dividend was Thursday, July 31st. This represents a $5.44 annualized dividend and a dividend yield of 2.8%. Texas Instruments's payout ratio is currently 99.63%.

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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