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Zions Bancorporation National Association UT Invests $509,000 in Texas Instruments Incorporated (NASDAQ:TXN)

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Key Points

  • Zions Bancorporation has invested approximately $509,000 in Texas Instruments by acquiring 2,832 shares during the first quarter.
  • Texas Instruments recently reported $1.41 EPS for the quarter, surpassing analysts' expectations, and achieved a revenue of $4.45 billion, reflecting a 16.4% year-over-year growth.
  • The company declared a quarterly dividend of $1.36 per share, set for payment on August 12th, which represents an annualized dividend of $5.44 and a dividend yield of 2.9%.
  • Want stock alerts on Texas Instruments? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Zions Bancorporation National Association UT bought a new position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 2,832 shares of the semiconductor company's stock, valued at approximately $509,000.

Several other hedge funds have also modified their holdings of TXN. Cloud Capital Management LLC purchased a new stake in shares of Texas Instruments in the first quarter valued at $28,000. Copia Wealth Management acquired a new position in Texas Instruments during the fourth quarter valued at $30,000. Quintet Private Bank Europe S.A. purchased a new stake in Texas Instruments in the 1st quarter worth about $34,000. Park Square Financial Group LLC purchased a new stake in Texas Instruments in the 4th quarter worth about $41,000. Finally, N.E.W. Advisory Services LLC acquired a new stake in Texas Instruments during the 1st quarter worth about $42,000. 84.99% of the stock is owned by hedge funds and other institutional investors.

Texas Instruments Stock Performance

TXN traded up $9.26 during midday trading on Tuesday, reaching $192.97. The company's stock had a trading volume of 9,960,812 shares, compared to its average volume of 8,156,814. The company has a current ratio of 5.81, a quick ratio of 3.88 and a debt-to-equity ratio of 0.86. The company has a fifty day simple moving average of $201.00 and a 200 day simple moving average of $184.93. The stock has a market cap of $175.44 billion, a P/E ratio of 35.34, a PEG ratio of 3.00 and a beta of 1.03. Texas Instruments Incorporated has a twelve month low of $139.95 and a twelve month high of $221.69.

Texas Instruments (NASDAQ:TXN - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $4.45 billion during the quarter, compared to analysts' expectations of $4.31 billion. During the same period in the prior year, the business earned $1.17 earnings per share. Texas Instruments's revenue for the quarter was up 16.4% compared to the same quarter last year. Research analysts expect that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 12th. Stockholders of record on Thursday, July 31st will be given a $1.36 dividend. This represents a $5.44 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Thursday, July 31st. Texas Instruments's dividend payout ratio is currently 99.63%.

Wall Street Analyst Weigh In

TXN has been the topic of a number of research reports. Arete Research upgraded Texas Instruments to a "hold" rating in a report on Thursday, June 26th. JPMorgan Chase & Co. boosted their price objective on shares of Texas Instruments from $195.00 to $225.00 and gave the company an "overweight" rating in a research report on Wednesday, July 23rd. Wells Fargo & Company cut 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. 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 note on Monday, July 28th. Finally, UBS Group set a $255.00 price target on shares of Texas Instruments in a report on Tuesday, July 22nd. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $212.21.

Read Our Latest Research Report on Texas Instruments

About Texas Instruments

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Texas Instruments (NASDAQ:TXN)

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