Aegis Wealth Management LLC bought a new stake in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 2,153 shares of the semiconductor company's stock, valued at approximately $404,000.
A number of other hedge funds have also made changes to their positions in the stock. China Universal Asset Management Co. Ltd. increased its stake in Texas Instruments by 30.4% in the 4th quarter. China Universal Asset Management Co. Ltd. now owns 19,367 shares of the semiconductor company's stock worth $3,632,000 after purchasing an additional 4,515 shares in the last quarter. Mizuho Securities USA LLC grew its stake in Texas Instruments by 46.0% in the fourth quarter. Mizuho Securities USA LLC now owns 86,457 shares of the semiconductor company's stock valued at $16,212,000 after purchasing an additional 27,251 shares in the last quarter. OFC Financial Planning LLC bought a new stake in shares of Texas Instruments in the 4th quarter valued at approximately $338,000. Union Bancaire Privee UBP SA bought a new stake in Texas Instruments in the fourth quarter worth approximately $6,544,000. Finally, Banque Pictet & Cie SA boosted its holdings in Texas Instruments by 0.9% in the fourth quarter. Banque Pictet & Cie SA now owns 2,197,676 shares of the semiconductor company's stock worth $412,086,000 after purchasing an additional 18,650 shares in the last quarter. Institutional investors and hedge funds own 84.99% of the company's stock.
Texas Instruments Stock Performance
Shares of TXN stock traded down $4.14 during mid-day trading on Friday, reaching $180.85. The stock had a trading volume of 15,099,736 shares, compared to its average volume of 6,347,945. The firm's 50 day simple moving average is $167.94 and its 200 day simple moving average is $182.68. The firm has a market cap of $164.30 billion, a PE ratio of 34.85, a P/E/G ratio of 3.30 and a beta of 0.97. Texas Instruments Incorporated has a one year low of $139.95 and a one year high of $220.39. The company has a quick ratio of 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76.
Texas Instruments (NASDAQ:TXN - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported $1.28 EPS for the quarter, topping analysts' consensus estimates of $1.06 by $0.22. The company had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $3.91 billion. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. The firm's revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period last year, the firm earned $1.10 EPS. On average, analysts forecast that Texas Instruments Incorporated will post 5.35 EPS for the current year.
Texas Instruments Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Investors of record on Wednesday, April 30th were given a dividend of $1.36 per share. The ex-dividend date was Wednesday, April 30th. This represents a $5.44 annualized dividend and a dividend yield of 3.01%. Texas Instruments's dividend payout ratio (DPR) is presently 103.23%.
Wall Street Analyst Weigh In
Several analysts have recently issued reports on TXN shares. Cantor Fitzgerald decreased their price target on Texas Instruments from $200.00 to $170.00 and set a "neutral" rating for the company in a research note on Thursday, April 24th. UBS Group decreased their target price on Texas Instruments from $225.00 to $215.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Truist Financial decreased their target price on Texas Instruments from $195.00 to $171.00 and set a "hold" rating for the company in a research report on Thursday, April 24th. DZ Bank raised shares of Texas Instruments from a "sell" rating to a "hold" rating and set a $163.00 price objective for the company in a report on Friday, April 25th. Finally, Mizuho set a $170.00 price objective on shares of Texas Instruments in a report on Thursday, April 24th. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $189.41.
Read Our Latest Stock Analysis on TXN
About Texas Instruments
(
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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