Texas Instruments Incorporated (NASDAQ:TXN) Shares Bought by Townsquare Capital LLC

Key Points

• Townsquare Capital LLC increased its holdings in Texas Instruments by 6.8%, owning 106,301 shares valued at approximately $19.1 million.
• TXN reported a quarterly earnings per share (EPS) of $1.41, exceeding estimates, with a revenue of $4.45 billion, reflecting a 16.4% year-over-year increase.
• The company also declared a quarterly dividend of $1.36, representing an annual yield of 2.9% with a payout ratio of 99.63%.

Townsquare Capital LLC increased its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 6.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 106,301 shares of the semiconductor company's stock after purchasing an additional 6,756 shares during the period. Townsquare Capital LLC's holdings in Texas Instruments were worth $19,103,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Founders Financial Alliance LLC grew its position in Texas Instruments by 32.5% during the first quarter. Founders Financial Alliance LLC now owns 3,256 shares of the semiconductor company's stock valued at $585,000 after buying an additional 799 shares during the period. Davis Selected Advisers grew its position in Texas Instruments by 3.4% during the first quarter. Davis Selected Advisers now owns 2,431,035 shares of the semiconductor company's stock valued at $436,857,000 after buying an additional 80,945 shares during the period. Nicholson Wealth Management Group LLC grew its position in Texas Instruments by 3.4% during the first quarter. Nicholson Wealth Management Group LLC now owns 8,516 shares of the semiconductor company's stock valued at $1,530,000 after buying an additional 277 shares during the period. National Bank of Canada FI grew its position in Texas Instruments by 110.8% during the first quarter. National Bank of Canada FI now owns 844,084 shares of the semiconductor company's stock valued at $151,685,000 after buying an additional 443,598 shares during the period. Finally, AlphaCore Capital LLC acquired a new stake in Texas Instruments during the first quarter valued at $541,000. Hedge funds and other institutional investors own 84.99% of the company's stock.

Texas Instruments Trading Up 0.7%

NASDAQ:TXN traded up $1.31 on Friday, hitting $187.22. The stock had a trading volume of 5,943,463 shares, compared to its average volume of 8,042,626. 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 cap of $170.21 billion, a price-to-earnings ratio of 34.29, a PEG ratio of 3.06 and a beta of 1.03. The company has a fifty day moving average price of $200.91 and a two-hundred day moving average price of $184.99. Texas Instruments Incorporated has a 1-year low of $139.95 and a 1-year high of $221.69.

Texas Instruments (NASDAQ:TXN - Get Free Report) last posted 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 company 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%. Texas Instruments's revenue was up 16.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.17 EPS. Equities research analysts expect that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The company also recently announced 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 annualized dividend and a yield of 2.9%. The ex-dividend date is Thursday, July 31st. Texas Instruments's payout ratio is presently 99.63%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. BNP Paribas upgraded shares of Texas Instruments to a "strong sell" rating in a research report on Wednesday, July 23rd. Truist Financial raised their price target on shares of Texas Instruments from $171.00 to $196.00 and gave the company a "hold" rating in a research report on Wednesday, July 23rd. UBS Group set a $255.00 price target on shares of Texas Instruments in a research report on Tuesday, July 22nd. KeyCorp raised their price target on shares of Texas Instruments from $215.00 to $240.00 and gave the company an "overweight" rating in a research report on Tuesday, July 8th. Finally, Citigroup reiterated a "buy" rating on shares of Texas Instruments in a research report on Tuesday, July 22nd. Four analysts have rated the stock with a sell rating, thirteen have given a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, Texas Instruments currently has an average rating of "Hold" and a consensus target price of $212.21.

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.