Advisor Resource Council Boosts Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Advisor Resource Council lifted its position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 96.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,019 shares of the semiconductor company's stock after purchasing an additional 1,977 shares during the period. Advisor Resource Council's holdings in Texas Instruments were worth $722,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in Texas Instruments by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 93,567,277 shares of the semiconductor company's stock worth $17,544,800,000 after buying an additional 649,620 shares during the period. Geode Capital Management LLC lifted its holdings in Texas Instruments by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 21,554,142 shares of the semiconductor company's stock worth $4,032,599,000 after buying an additional 267,352 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Texas Instruments by 11.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 21,487,468 shares of the semiconductor company's stock worth $4,029,115,000 after buying an additional 2,237,035 shares during the period. Norges Bank bought a new position in shares of Texas Instruments during the fourth quarter valued at approximately $2,584,490,000. Finally, Alliancebernstein L.P. increased its stake in shares of Texas Instruments by 6.9% during the fourth quarter. Alliancebernstein L.P. now owns 12,706,971 shares of the semiconductor company's stock valued at $2,382,684,000 after purchasing an additional 822,797 shares in the last quarter. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Barclays downgraded shares of Texas Instruments from an "equal weight" rating to an "underweight" rating and decreased their target price for the company from $180.00 to $125.00 in a research note on Tuesday, April 22nd. Seaport Res Ptn raised shares of Texas Instruments to a "strong sell" rating in a research note on Wednesday, April 30th. Sanford C. Bernstein raised shares of Texas Instruments from a "strong sell" rating to a "hold" rating in a research note on Thursday, June 5th. DZ Bank raised shares of Texas Instruments from a "sell" rating to a "hold" rating and set a $163.00 target price for the company in a research note on Friday, April 25th. Finally, UBS Group decreased their target price on shares of Texas Instruments from $225.00 to $215.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $190.55.

Texas Instruments Trading Down 0.1%

NASDAQ:TXN opened at $198.20 on Friday. The company has a current ratio of 5.26, a quick ratio of 3.37 and a debt-to-equity ratio of 0.78. Texas Instruments Incorporated has a 12 month low of $139.95 and a 12 month high of $220.39. The company has a market cap of $180.06 billion, a PE ratio of 37.61, a price-to-earnings-growth ratio of 3.23 and a beta of 1.00. The company has a 50 day simple moving average of $176.97 and a two-hundred day simple moving average of $182.00.

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

Texas Instruments Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 13th. Stockholders of record on Wednesday, April 30th were paid a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a dividend yield of 2.74%. The ex-dividend date was Wednesday, April 30th. Texas Instruments's dividend payout ratio is presently 103.23%.

Texas Instruments Company 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.

Want to see what other hedge funds are holding TXN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Texas Instruments Incorporated (NASDAQ:TXN - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.