Westwood Holdings Group Inc. Grows Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Key Points

• Westwood Holdings Group Inc. increased its stake in Texas Instruments by 1.9%, owning 134,126 shares valued at approximately $24.1 million.
• Texas Instruments reported earnings of $1.41 EPS, surpassing analysts' expectations, and saw a revenue increase of 16.4% year-over-year.
• The company announced a quarterly dividend of $1.36 per share, with an annualized payout rate of $5.44 and a yield of 2.9%.

Westwood Holdings Group Inc. lifted its stake in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 1.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 134,126 shares of the semiconductor company's stock after purchasing an additional 2,557 shares during the quarter. Westwood Holdings Group Inc.'s holdings in Texas Instruments were worth $24,102,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in TXN. GAMMA Investing LLC increased its holdings in shares of Texas Instruments by 21,778.6% in the first quarter. GAMMA Investing LLC now owns 3,422,027 shares of the semiconductor company's stock valued at $614,938,000 after purchasing an additional 3,406,386 shares during the last quarter. Jennison Associates LLC increased its stake in Texas Instruments by 2,898.0% during the first quarter. Jennison Associates LLC now owns 2,214,471 shares of the semiconductor company's stock worth $397,940,000 after acquiring an additional 2,140,605 shares during the last quarter. Rothschild & Co Wealth Management UK Ltd increased its stake in Texas Instruments by 1,000.6% during the first quarter. Rothschild & Co Wealth Management UK Ltd now owns 1,287,734 shares of the semiconductor company's stock worth $231,406,000 after acquiring an additional 1,170,728 shares during the last quarter. Northern Trust Corp increased its stake in Texas Instruments by 12.2% during the fourth quarter. Northern Trust Corp now owns 10,398,010 shares of the semiconductor company's stock worth $1,949,731,000 after acquiring an additional 1,132,187 shares during the last quarter. Finally, Capital International Investors increased its stake in Texas Instruments by 26.3% during the fourth quarter. Capital International Investors now owns 5,194,675 shares of the semiconductor company's stock worth $974,054,000 after acquiring an additional 1,080,782 shares during the last quarter. Institutional investors and hedge funds own 84.99% of the company's stock.

Texas Instruments Stock Up 1.5%

TXN opened at $185.40 on Wednesday. The business's 50-day simple moving average is $200.73 and its 200-day simple moving average is $185.17. The company has a debt-to-equity ratio of 0.86, a quick ratio of 3.88 and a current ratio of 5.81. Texas Instruments Incorporated has a one year low of $139.95 and a one year high of $221.69. The stock has a market capitalization of $168.55 billion, a P/E ratio of 33.96, a price-to-earnings-growth ratio of 3.00 and a beta of 1.03.

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, topping analysts' consensus estimates of $1.32 by $0.09. Texas Instruments had a return on equity of 30.10% and a net margin of 30.23%. The business had revenue of $4.45 billion for the quarter, compared to analysts' expectations of $4.31 billion. During the same quarter in the previous year, the firm earned $1.17 earnings per share. The business's revenue was up 16.4% compared to the same quarter last year. Analysts anticipate that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 12th. Stockholders of record on Thursday, July 31st will be given 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 dividend yield of 2.9%. Texas Instruments's payout ratio is 99.63%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Robert W. Baird raised their target price on Texas Instruments from $175.00 to $220.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 23rd. Rosenblatt Securities reissued a "buy" rating and set a $245.00 target price on shares of Texas Instruments in a research note on Wednesday, July 23rd. KeyCorp raised their target price on Texas Instruments from $215.00 to $240.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 8th. Cantor Fitzgerald reissued a "neutral" rating on shares of Texas Instruments in a research note on Tuesday, July 22nd. Finally, DZ Bank restated a "sell" rating and set a $158.00 price target 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 given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Texas Instruments currently has a consensus rating of "Hold" and a consensus target price of $212.21.

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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