3Chopt Investment Partners LLC Takes $828,000 Position in Texas Instruments Incorporated (NASDAQ:TXN)

3Chopt Investment Partners LLC purchased a new stake in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 4,605 shares of the semiconductor company's stock, valued at approximately $828,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TXN. Brighton Jones LLC raised its holdings in shares of Texas Instruments by 33.4% in the 4th quarter. Brighton Jones LLC now owns 16,840 shares of the semiconductor company's stock worth $3,158,000 after purchasing an additional 4,218 shares during the period. Bank Pictet & Cie Europe AG lifted its position in shares of Texas Instruments by 14.8% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 138,350 shares of the semiconductor company's stock valued at $25,942,000 after buying an additional 17,840 shares during the last quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych bought a new position in shares of Texas Instruments during the 4th quarter worth $1,875,000. Verus Capital Partners LLC increased its holdings in Texas Instruments by 5.3% in the 4th quarter. Verus Capital Partners LLC now owns 1,478 shares of the semiconductor company's stock worth $277,000 after acquiring an additional 75 shares during the last quarter. Finally, Shoker Investment Counsel Inc. increased its holdings in Texas Instruments by 0.9% in the 4th quarter. Shoker Investment Counsel Inc. now owns 18,290 shares of the semiconductor company's stock worth $3,430,000 after acquiring an additional 166 shares during the last quarter. Hedge funds and other institutional investors own 84.99% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on TXN shares. Baird R W upgraded shares of Texas Instruments from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 7th. Seaport Res Ptn raised shares of Texas Instruments to a "strong sell" rating in a report on Wednesday, April 30th. TD Cowen boosted their target price on shares of Texas Instruments from $160.00 to $200.00 and gave the company a "hold" rating in a report on Wednesday. Stifel Nicolaus dropped their target price on Texas Instruments from $200.00 to $160.00 and set a "hold" rating on the stock in a research report on Thursday, April 17th. Finally, Arete Research raised Texas Instruments to a "hold" rating in a report on Thursday. Four equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $191.49.

Texas Instruments Price Performance

TXN traded up $0.77 during trading on Friday, reaching $207.08. The stock had a trading volume of 8,584,775 shares, compared to its average volume of 6,425,019. The business has a 50-day moving average of $182.58 and a 200-day moving average of $182.51. Texas Instruments Incorporated has a one year low of $139.95 and a one year high of $220.39. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.37 and a current ratio of 5.26. The stock has a market cap of $188.13 billion, a PE ratio of 39.29, a PEG ratio of 3.36 and a beta of 1.00.

Texas Instruments (NASDAQ:TXN - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.06 by $0.22. The firm had revenue of $4.07 billion during the quarter, compared to analysts' expectations of $3.91 billion. Texas Instruments had a return on equity of 28.75% and a net margin of 30.36%. The company's revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.10 EPS. As a group, equities research analysts anticipate that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 13th. Stockholders of record on Wednesday, April 30th were paid a $1.36 dividend. The ex-dividend date was Wednesday, April 30th. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.63%. Texas Instruments's dividend payout ratio (DPR) is 103.23%.

About Texas Instruments

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.