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Sierra Summit Advisors LLC Acquires Shares of 4,862 Texas Instruments Incorporated (NASDAQ:TXN)

Texas Instruments logo with Computer and Technology background

Key Points

  • Sierra Summit Advisors LLC acquired 4,862 shares of Texas Instruments, valued at approximately $874,000, in the first quarter.
  • Texas Instruments reported a quarterly revenue of $4.45 billion, exceeding analysts' expectations, and earnings per share of $1.41, also above the consensus estimate.
  • The company declared a quarterly dividend of $1.36 per share, representing an annualized dividend yield of 2.9%.
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Sierra Summit Advisors LLC bought a new stake in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 4,862 shares of the semiconductor company's stock, valued at approximately $874,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. GAMMA Investing LLC increased its stake in shares of Texas Instruments by 21,778.6% during the first quarter. GAMMA Investing LLC now owns 3,422,027 shares of the semiconductor company's stock valued at $614,938,000 after buying an additional 3,406,386 shares during the period. Jennison Associates LLC lifted its holdings in Texas Instruments by 2,898.0% in the first quarter. Jennison Associates LLC now owns 2,214,471 shares of the semiconductor company's stock valued at $397,940,000 after acquiring an additional 2,140,605 shares during the period. Rothschild & Co Wealth Management UK Ltd lifted its holdings in Texas Instruments by 1,000.6% in the first quarter. Rothschild & Co Wealth Management UK Ltd now owns 1,287,734 shares of the semiconductor company's stock valued at $231,406,000 after acquiring an additional 1,170,728 shares during the period. Northern Trust Corp raised its stake in shares of Texas Instruments by 12.2% in the fourth quarter. Northern Trust Corp now owns 10,398,010 shares of the semiconductor company's stock worth $1,949,731,000 after buying an additional 1,132,187 shares during the period. Finally, Capital International Investors raised its stake in shares of Texas Instruments by 26.3% in the fourth quarter. Capital International Investors now owns 5,194,675 shares of the semiconductor company's stock worth $974,054,000 after buying an additional 1,080,782 shares during the period. Hedge funds and other institutional investors own 84.99% of the company's stock.

Texas Instruments Trading Down 1.9%

Texas Instruments stock traded down $3.51 during mid-day trading on Monday, hitting $183.71. The company's stock had a trading volume of 6,441,025 shares, compared to its average volume of 8,070,119. The firm has a market capitalization of $167.02 billion, a PE ratio of 33.65, a price-to-earnings-growth ratio of 3.06 and a beta of 1.03. Texas Instruments Incorporated has a 1 year low of $139.95 and a 1 year high of $221.69. The company has a current ratio of 5.81, a quick ratio of 3.88 and a debt-to-equity ratio of 0.86. The stock's fifty day moving average is $200.90 and its two-hundred day moving average is $184.87.

Texas Instruments (NASDAQ:TXN - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The semiconductor company reported $1.41 EPS for the quarter, topping the consensus estimate of $1.32 by $0.09. The business had revenue of $4.45 billion during the quarter, compared to analyst estimates of $4.31 billion. Texas Instruments had a return on equity of 30.10% and a net margin of 30.23%. The company's quarterly revenue was up 16.4% on a year-over-year basis. During the same period last year, the business posted $1.17 earnings per share. On average, analysts anticipate that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 12th. Shareholders of record on Thursday, July 31st will be paid a $1.36 dividend. The ex-dividend date is Thursday, July 31st. This represents a $5.44 dividend on an annualized basis and a yield of 3.0%. Texas Instruments's dividend payout ratio (DPR) is currently 99.63%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on TXN shares. Susquehanna lowered their price objective on Texas Instruments from $250.00 to $240.00 and set a "positive" rating for the company in a research note on Tuesday, July 22nd. Seaport Res Ptn upgraded Texas Instruments from a "strong sell" rating to a "hold" rating in a report on Monday, July 21st. TD Securities restated a "hold" rating and set a $160.00 target price on shares of Texas Instruments in a research note on Thursday, April 24th. Robert W. Baird lifted their price target on Texas Instruments from $175.00 to $220.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 23rd. Finally, Morgan Stanley restated an "underweight" rating on shares of Texas Instruments in a research note on Tuesday, July 22nd. Four investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Texas Instruments presently has an average rating of "Hold" and a consensus price target of $212.21.

Get Our Latest Stock Analysis on Texas Instruments

Texas Instruments Company Profile

(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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Institutional Ownership by Quarter for Texas Instruments (NASDAQ:TXN)

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