Zurcher Kantonalbank Zurich Cantonalbank Grows Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Key Points

• Zurcher Kantonalbank increased its stake in Texas Instruments by 4.9%, bringing its total holdings to 213,787 shares worth approximately $38.4 million.
• Texas Instruments reported $1.41 earnings per share for the last quarter, exceeding estimates of $1.32, with a quarterly revenue of $4.45 billion, a 16.4% increase compared to the previous year.
• Analysts have mixed outlooks on TXN shares, with a consensus rating of "Hold" and a price target of approximately $211.40, while Goldman's initiated coverage with a "Buy" rating at $255.

Zurcher Kantonalbank Zurich Cantonalbank increased its position in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 4.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 213,787 shares of the semiconductor company's stock after purchasing an additional 9,995 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Texas Instruments were worth $38,418,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. GAMMA Investing LLC grew its position in shares of Texas Instruments by 21,778.6% during the 1st quarter. GAMMA Investing LLC now owns 3,422,027 shares of the semiconductor company's stock worth $614,938,000 after purchasing an additional 3,406,386 shares in the last quarter. Jennison Associates LLC grew its position in shares of Texas Instruments by 2,898.0% during the 1st quarter. Jennison Associates LLC now owns 2,214,471 shares of the semiconductor company's stock worth $397,940,000 after purchasing an additional 2,140,605 shares in the last quarter. Invesco Ltd. grew its position in shares of Texas Instruments by 15.4% during the 4th quarter. Invesco Ltd. now owns 11,893,157 shares of the semiconductor company's stock worth $2,230,086,000 after purchasing an additional 1,587,036 shares in the last quarter. Rothschild & Co Wealth Management UK Ltd grew its position in shares of Texas Instruments by 1,000.6% during the 1st quarter. Rothschild & Co Wealth Management UK Ltd now owns 1,287,734 shares of the semiconductor company's stock worth $231,406,000 after purchasing an additional 1,170,728 shares in the last quarter. Finally, Northern Trust Corp grew its position in shares of Texas Instruments by 12.2% during the 4th quarter. Northern Trust Corp now owns 10,398,010 shares of the semiconductor company's stock worth $1,949,731,000 after purchasing an additional 1,132,187 shares in the last quarter. 84.99% of the stock is owned by institutional investors.

Texas Instruments Stock Down 3.4%

Shares of TXN stock traded down $6.46 on Thursday, reaching $181.70. 3,321,720 shares of the company were exchanged, compared to its average volume of 7,365,654. The company has a debt-to-equity ratio of 0.86, a current ratio of 5.81 and a quick ratio of 3.88. The company has a 50-day moving average of $200.45 and a 200-day moving average of $185.49. The company has a market cap of $165.07 billion, a price-to-earnings ratio of 33.32, a PEG ratio of 3.14 and a beta of 1.03. Texas Instruments Incorporated has a one year low of $139.95 and a one year high of $221.69.

Texas Instruments (NASDAQ:TXN - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The semiconductor company reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.09. The business had revenue of $4.45 billion for the quarter, compared to analyst estimates of $4.31 billion. Texas Instruments had a return on equity of 30.10% and a net margin of 30.23%. The company's quarterly revenue was up 16.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.17 earnings per share. Analysts anticipate that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 12th. Investors of record on Thursday, July 31st will be issued a $1.36 dividend. The ex-dividend date is Thursday, July 31st. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.99%. Texas Instruments's dividend payout ratio is presently 99.63%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on TXN shares. Truist Financial upped their price target on shares of Texas Instruments from $171.00 to $196.00 and gave the stock a "hold" rating in a report on Wednesday, July 23rd. Cowen reaffirmed a "hold" rating on shares of Texas Instruments in a report on Wednesday, June 25th. Benchmark upped their price target on shares of Texas Instruments from $200.00 to $220.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. Seaport Res Ptn raised shares of Texas Instruments from a "strong sell" rating to a "hold" rating in a report on Monday, July 21st. Finally, Susquehanna cut their price target on shares of Texas Instruments from $250.00 to $240.00 and set a "positive" rating for the company in a report on Tuesday, July 22nd. Four equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Texas Instruments currently has an average 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.