Iberiabank Corp lifted its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 1.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,314 shares of the semiconductor company’s stock after purchasing an additional 222 shares during the period. Iberiabank Corp’s holdings in Texas Instruments were worth $2,325,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of the stock. BlackRock Inc. increased its holdings in shares of Texas Instruments by 0.8% in the first quarter. BlackRock Inc. now owns 69,820,163 shares of the semiconductor company’s stock valued at $6,977,130,000 after purchasing an additional 535,667 shares in the last quarter. State Street Corp boosted its stake in Texas Instruments by 1.9% during the 1st quarter. State Street Corp now owns 40,874,487 shares of the semiconductor company’s stock worth $4,084,587,000 after acquiring an additional 770,202 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of Texas Instruments by 115.6% during the first quarter. Wellington Management Group LLP now owns 21,559,378 shares of the semiconductor company’s stock worth $2,154,430,000 after purchasing an additional 11,560,600 shares in the last quarter. Geode Capital Management LLC grew its stake in Texas Instruments by 1.3% in the first quarter. Geode Capital Management LLC now owns 15,754,611 shares of the semiconductor company’s stock valued at $1,572,007,000 after acquiring an additional 205,466 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in shares of Texas Instruments by 30.4% in the first quarter. Bank of New York Mellon Corp now owns 14,416,637 shares of the semiconductor company’s stock worth $1,440,655,000 after acquiring an additional 3,357,505 shares in the last quarter. 83.83% of the stock is owned by institutional investors and hedge funds.
TXN has been the topic of a number of research reports. Credit Suisse Group lifted their price target on shares of Texas Instruments from $140.00 to $155.00 and gave the company an “outperform” rating in a research note on Wednesday, July 22nd. Loop Capital lowered shares of Texas Instruments from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $145.00 to $108.00 in a report on Wednesday, April 22nd. Barclays upped their target price on shares of Texas Instruments from $105.00 to $120.00 and gave the stock an “underweight” rating in a research note on Monday, July 20th. Stifel Nicolaus lifted their price target on Texas Instruments from $125.00 to $140.00 and gave the company a “hold” rating in a research note on Wednesday, July 22nd. Finally, Oppenheimer reaffirmed a “buy” rating and set a $150.00 price objective (up from $120.00) on shares of Texas Instruments in a research report on Friday, July 17th. Four equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and ten have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $134.00.
NASDAQ:TXN opened at $127.55 on Friday. The firm has a market capitalization of $118.29 billion, a price-to-earnings ratio of 24.18, a price-to-earnings-growth ratio of 2.73 and a beta of 1.13. Texas Instruments Incorporated has a twelve month low of $93.09 and a twelve month high of $137.65. The stock’s 50 day moving average price is $128.12 and its two-hundred day moving average price is $119.70. The company has a quick ratio of 2.94, a current ratio of 3.92 and a debt-to-equity ratio of 0.82.
Texas Instruments (NASDAQ:TXN) last issued its earnings results on Tuesday, July 21st. The semiconductor company reported $1.48 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.88 by $0.60. Texas Instruments had a return on equity of 60.61% and a net margin of 36.83%. The company had revenue of $3.24 billion during the quarter, compared to the consensus estimate of $2.96 billion. During the same period in the previous year, the company posted $1.36 EPS. As a group, analysts anticipate that Texas Instruments Incorporated will post 5.05 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, August 17th. Stockholders of record on Friday, July 31st will be paid a dividend of $0.90 per share. The ex-dividend date of this dividend is Thursday, July 30th. This represents a $3.60 annualized dividend and a dividend yield of 2.82%. Texas Instruments’s dividend payout ratio is currently 68.70%.
About Texas Instruments
Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements in various levels using battery management solutions, portable components, power supply controls, point-of-load products, switches and interfaces, integrated protection devices, high-voltage products, and mobile lighting and display products.
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