Calton & Associates Inc. purchased a new position in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,168 shares of the semiconductor company's stock, valued at approximately $210,000.
Several other institutional investors have also modified their holdings of TXN. Vanguard Group Inc. grew its stake in shares of Texas Instruments by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 93,567,277 shares of the semiconductor company's stock worth $17,544,800,000 after purchasing an additional 649,620 shares during the period. Geode Capital Management LLC lifted its holdings in Texas Instruments by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 21,554,142 shares of the semiconductor company's stock valued at $4,032,599,000 after purchasing an additional 267,352 shares in the last quarter. Norges Bank purchased a new position in shares of Texas Instruments during the 4th quarter worth about $2,584,490,000. Alliancebernstein L.P. lifted its holdings in shares of Texas Instruments by 6.9% during the 4th quarter. Alliancebernstein L.P. now owns 12,706,971 shares of the semiconductor company's stock worth $2,382,684,000 after acquiring an additional 822,797 shares during the period. Finally, Invesco Ltd. increased its position in 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. Hedge funds and other institutional investors own 84.99% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities analysts recently issued reports on the company. Summit Insights cut Texas Instruments from a "buy" rating to a "hold" rating in a research note on Thursday, April 24th. Susquehanna lowered their price target on Texas Instruments from $250.00 to $240.00 and set a "positive" rating on the stock in a report on Tuesday. Citigroup reaffirmed a "buy" rating on shares of Texas Instruments in a report on Tuesday. Mizuho dropped their price target on Texas Instruments from $205.00 to $200.00 and set a "neutral" rating on the stock in a research note on Wednesday. Finally, Arete Research upgraded Texas Instruments to a "hold" rating in a research report on Thursday, June 26th. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $209.20.
Get Our Latest Analysis on Texas Instruments
Texas Instruments Stock Down 0.4%
NASDAQ TXN traded down $0.78 during trading hours on Thursday, hitting $185.47. 3,687,193 shares of the company traded hands, compared to its average volume of 7,352,967. Texas Instruments Incorporated has a twelve month low of $139.95 and a twelve month high of $221.69. The stock has a market capitalization of $168.49 billion, a price-to-earnings ratio of 33.99, a P/E/G ratio of 3.50 and a beta of 1.03. The business's 50-day moving average is $200.41 and its 200-day moving average is $185.61. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.37 and a current ratio of 5.26.
Texas Instruments (NASDAQ:TXN - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The semiconductor company reported $1.41 EPS for the quarter, topping analysts' consensus estimates of $1.32 by $0.09. Texas Instruments had a return on equity of 29.90% and a net margin of 30.23%. The firm had revenue of $4.45 billion for the quarter, compared to analyst estimates of $4.31 billion. During the same quarter last year, the company earned $1.17 EPS. The company's revenue was up 16.4% on a year-over-year basis. Sell-side analysts anticipate that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.
Texas Instruments Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 12th. Investors of record on Thursday, July 31st will be given a dividend of $1.36 per share. The ex-dividend date of this dividend is Thursday, July 31st. This represents a $5.44 dividend on an annualized basis and a yield of 2.93%. Texas Instruments's dividend payout ratio is currently 103.23%.
Texas Instruments Profile
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Free Report)
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.
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