Texas Instruments Incorporated (NASDAQ:TXN) Stake Boosted by Avity Investment Management Inc.

Avity Investment Management Inc. increased its position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 1.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 201,024 shares of the semiconductor company's stock after purchasing an additional 2,102 shares during the quarter. Texas Instruments accounts for about 2.9% of Avity Investment Management Inc.'s investment portfolio, making the stock its 16th largest holding. Avity Investment Management Inc.'s holdings in Texas Instruments were worth $36,124,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Mizuho Securities USA LLC lifted its stake in Texas Instruments by 46.0% during the fourth quarter. Mizuho Securities USA LLC now owns 86,457 shares of the semiconductor company's stock worth $16,212,000 after purchasing an additional 27,251 shares during the last quarter. Union Bancaire Privee UBP SA bought a new stake in Texas Instruments in the fourth quarter valued at $6,544,000. Banque Pictet & Cie SA lifted its stake 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 valued at $412,086,000 after buying an additional 18,650 shares during the last quarter. Nicholas Hoffman & Company LLC. lifted its stake in Texas Instruments by 17.9% in the fourth quarter. Nicholas Hoffman & Company LLC. now owns 5,125 shares of the semiconductor company's stock valued at $961,000 after buying an additional 778 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. lifted its stake in Texas Instruments by 2.1% in the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 358,784 shares of the semiconductor company's stock valued at $67,276,000 after buying an additional 7,500 shares during the last quarter. 84.99% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on TXN shares. Mizuho set a $170.00 target price on Texas Instruments in a research note on Thursday, April 24th. Sanford C. Bernstein upgraded Texas Instruments from a "strong sell" rating to a "hold" rating in a research note on Thursday. Seaport Res Ptn upgraded Texas Instruments to a "strong sell" rating in a research note on Wednesday, April 30th. Barclays cut Texas Instruments from an "equal weight" rating to an "underweight" rating and cut their target price for the company from $180.00 to $125.00 in a research note on Tuesday, April 22nd. Finally, TD Securities reiterated a "hold" rating and issued a $160.00 target price on shares of Texas Instruments in a research note on Thursday, April 24th. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Texas Instruments has an average rating of "Hold" and an average target price of $189.41.

Texas Instruments Price Performance

NASDAQ:TXN traded up $1.93 during mid-day trading on Friday, reaching $192.42. 5,338,058 shares of the stock were exchanged, compared to its average volume of 6,339,905. The business has a fifty day moving average price of $168.59 and a 200 day moving average price of $182.22. The firm has a market capitalization of $174.81 billion, a PE ratio of 37.08, a PEG ratio of 3.30 and a beta of 0.97. Texas Instruments Incorporated has a 1-year low of $139.95 and a 1-year high of $220.39. The company has a current ratio of 4.12, a quick ratio of 2.88 and a debt-to-equity ratio of 0.76.

Texas Instruments (NASDAQ:TXN - Get Free Report) last released its earnings results 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 for the quarter, compared to analyst estimates of $3.91 billion. Texas Instruments had a return on equity of 28.08% and a net margin of 30.68%. Texas Instruments's revenue was up 11.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.10 earnings per share. Research analysts expect that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Investors of record on Wednesday, April 30th were issued a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date was Wednesday, April 30th. Texas Instruments's payout ratio is currently 103.23%.

Texas Instruments 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.