Epoch Investment Partners Inc. lifted its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 7.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,323,488 shares of the semiconductor company’s stock after purchasing an additional 160,011 shares during the period. Texas Instruments comprises 0.8% of Epoch Investment Partners Inc.’s investment portfolio, making the stock its 28th largest holding. Epoch Investment Partners Inc. owned approximately 0.24% of Texas Instruments worth $256,164,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Kiley Juergens Wealth Management LLC bought a new stake in shares of Texas Instruments during the second quarter worth about $100,000. Kwmg LLC bought a new stake in Texas Instruments in the second quarter valued at approximately $107,000. Penserra Capital Management LLC bought a new stake in Texas Instruments in the first quarter valued at approximately $106,000. Stelac Advisory Services LLC bought a new stake in Texas Instruments in the first quarter valued at approximately $110,000. Finally, Massey Quick Simon & CO. LLC boosted its holdings in Texas Instruments by 89.7% in the first quarter. Massey Quick Simon & CO. LLC now owns 1,066 shares of the semiconductor company’s stock valued at $111,000 after acquiring an additional 504 shares during the last quarter. Institutional investors own 84.39% of the company’s stock.
Shares of TXN opened at $111.13 on Thursday. Texas Instruments Incorporated has a 52-week low of $81.25 and a 52-week high of $120.75. The company has a current ratio of 6.54, a quick ratio of 5.12 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $109.27 billion, a price-to-earnings ratio of 25.96, a price-to-earnings-growth ratio of 2.15 and a beta of 1.19.
Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Tuesday, July 24th. The semiconductor company reported $1.37 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.34 by $0.03. Texas Instruments had a return on equity of 46.80% and a net margin of 28.08%. The firm had revenue of $4.02 billion for the quarter, compared to analyst estimates of $3.96 billion. During the same period in the previous year, the firm earned $1.03 earnings per share. The company’s revenue was up 8.8% compared to the same quarter last year. equities analysts predict that Texas Instruments Incorporated will post 5.49 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, August 13th. Stockholders of record on Tuesday, July 31st were given a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date of this dividend was Monday, July 30th. Texas Instruments’s payout ratio is 57.94%.
In other news, insider Stephen A. Anderson sold 25,318 shares of the company’s stock in a transaction that occurred on Tuesday, July 31st. The stock was sold at an average price of $111.55, for a total transaction of $2,824,222.90. Following the transaction, the insider now directly owns 131,153 shares of the company’s stock, valued at $14,630,117.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.84% of the stock is owned by corporate insiders.
TXN has been the topic of several analyst reports. Bank of America upped their target price on Texas Instruments from $138.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, July 25th. Longbow Research upgraded Texas Instruments from a “neutral” rating to a “buy” rating in a report on Wednesday, July 11th. Jefferies Financial Group reiterated a “buy” rating and issued a $157.00 target price on shares of Texas Instruments in a report on Wednesday, July 25th. ValuEngine cut Texas Instruments from a “buy” rating to a “hold” rating in a report on Thursday, August 2nd. Finally, Morgan Stanley upped their target price on Texas Instruments from $110.00 to $113.00 and gave the company an “equal weight” rating in a report on Wednesday, July 25th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and fifteen have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $121.64.
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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