5 Best Dividend Stocks to Buy According to Al Gore and David Blood

2. Texas Instruments Incorporated (NASDAQ: TXN)

Generation Investment’s Stake Value: $427,508,000
Percentage of Generation Investment’s 13F Portfolio: 1.79%
Dividend Yield: 2.18%
Number of Hedge Fund Holders: 42

Texas Instruments Incorporated (NASDAQ: TXN) is a tech company that produces microelectronics and various consolidate circuits, which it sells to microelectronics makers and producers globally. The company was founded in 1930 and stands second on the list of 10 best dividend stocks to buy according to Al Gore and David Blood. 

On April 27, Texas Instruments Incorporated (NASDAQ: TXN) posted first quarter of 2021 results, reporting earnings per share of $1.85, beating market predictions by $0.25. The revenue for the first three months of 2021 was over $4.29 billion, up 28.8% YoY, beating the estimates by $310 million. It recently announced a dividend of $1.02 per share for the first quarter of 2021, consistent with the previous dividend payout. On April 28, investment advisory Longbow Research initiated coverage on Texas stock with a “Buy” rating and a price target of $225.00.

Generation Investment holds more than 2.26 million shares in the firm, worth over $427.51 million. This represents 1.79% of their portfolio. Generation Investment stake in Texas Instruments Incorporated (NASDAQ: TXN) stock decreased by 28% in the past few months, the latest data reveals. There were 42 hedge funds in our database that held stakes in Texas Instruments in the first quarter of 2021, compared to 56 funds in the fourth quarter of 2020.

In its Q1 2021 investor letter, ClearBridge Investments, an asset management firm, highlighted a few stocks, and Texas Instruments was one of them. Here is what the fund said:

“Analog chipmaker Texas Instruments, meanwhile, benefited from better inventory management than peers. The main risk for semiconductors is short-term revenue pressure until capacity catches up with demand. Looking past current constraints, we expect the industry to see a strong second half and solid growth in 2022.”