173,051 Shares in Texas Instruments Incorporated (NASDAQ:TXN) Bought by Swedbank AB

Swedbank AB purchased a new position in Texas Instruments Incorporated (NASDAQ:TXN) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 173,051 shares of the semiconductor company’s stock, valued at approximately $30,147,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. LRI Investments LLC purchased a new stake in shares of Texas Instruments in the first quarter valued at about $140,000. Independent Wealth Network Inc. acquired a new stake in shares of Texas Instruments during the first quarter worth about $206,000. Wahed Invest LLC raised its holdings in Texas Instruments by 15.4% in the first quarter. Wahed Invest LLC now owns 17,891 shares of the semiconductor company’s stock valued at $3,117,000 after acquiring an additional 2,383 shares in the last quarter. Citizens Financial Group Inc. RI increased its stake in Texas Instruments by 2.4% in the first quarter. Citizens Financial Group Inc. RI now owns 29,506 shares of the semiconductor company’s stock valued at $5,140,000 after purchasing an additional 692 shares during the last quarter. Finally, New Covenant Trust Company N.A. purchased a new position in Texas Instruments in the first quarter valued at approximately $129,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Texas Instruments Stock Down 3.0 %

TXN stock opened at $187.46 on Friday. Texas Instruments Incorporated has a twelve month low of $139.48 and a twelve month high of $210.84. The company has a current ratio of 4.62, a quick ratio of 3.49 and a debt-to-equity ratio of 0.75. The company has a market capitalization of $171.16 billion, a P/E ratio of 29.24, a PEG ratio of 4.21 and a beta of 0.99. The firm has a 50 day simple moving average of $197.84 and a 200-day simple moving average of $180.87.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings data on Tuesday, July 23rd. The semiconductor company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.06. The firm had revenue of $3.82 billion during the quarter, compared to the consensus estimate of $3.82 billion. Texas Instruments had a net margin of 33.01% and a return on equity of 31.10%. The firm’s revenue was down 15.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.87 earnings per share. On average, equities research analysts predict that Texas Instruments Incorporated will post 5.11 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 13th. Shareholders of record on Wednesday, July 31st will be paid a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date of this dividend is Wednesday, July 31st. Texas Instruments’s payout ratio is 81.12%.

Analyst Ratings Changes

Several equities analysts have issued reports on TXN shares. Benchmark reissued a “buy” rating and issued a $230.00 price objective on shares of Texas Instruments in a research note on Wednesday, July 24th. Citigroup boosted their target price on shares of Texas Instruments from $185.00 to $200.00 and gave the stock a “neutral” rating in a research report on Monday, July 15th. Susquehanna boosted their price objective on shares of Texas Instruments from $205.00 to $250.00 and gave the stock a “positive” rating in a research report on Wednesday, July 17th. Barclays boosted their price objective on shares of Texas Instruments from $190.00 to $210.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 24th. Finally, Truist Financial boosted their target price on shares of Texas Instruments from $167.00 to $203.00 and gave the company a “hold” rating in a research note on Wednesday, July 24th. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Texas Instruments has a consensus rating of “Hold” and a consensus price target of $198.64.

Texas Instruments Profile

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.