Avity Investment Management Inc. Raises Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Avity Investment Management Inc. grew its holdings in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 1.1% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 201,024 shares of the semiconductor company's stock after buying an additional 2,102 shares during the period. Texas Instruments accounts for approximately 2.9% of Avity Investment Management Inc.'s portfolio, making the stock its 16th largest position. Avity Investment Management Inc.'s holdings in Texas Instruments were worth $36,124,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank purchased a new position in Texas Instruments during the fourth quarter worth about $2,584,490,000. GAMMA Investing LLC raised its holdings in 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 worth $614,938,000 after purchasing an additional 3,406,386 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Texas Instruments by 11.6% during 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 purchasing an additional 2,237,035 shares in the last quarter. Invesco Ltd. raised its holdings in Texas Instruments by 15.4% during the fourth quarter. Invesco Ltd. now owns 11,893,157 shares of the semiconductor company's stock worth $2,230,086,000 after purchasing an additional 1,587,036 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Texas Instruments during the fourth quarter worth about $295,665,000. 84.99% of the stock is owned by hedge funds and other institutional investors.

Texas Instruments Trading Up 3.5%

Shares of TXN traded up $6.79 during mid-day trading on Monday, reaching $199.21. The company had a trading volume of 6,867,547 shares, compared to its average volume of 6,354,156. The stock has a market cap of $180.98 billion, a price-to-earnings ratio of 38.38, a price-to-earnings-growth ratio of 3.30 and a beta of 1.00. The firm has a fifty day simple moving average of $168.87 and a 200-day simple moving average of $181.94. Texas Instruments Incorporated has a fifty-two week low of $139.95 and a fifty-two week 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 announced its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share for the quarter, beating analysts' consensus estimates of $1.06 by $0.22. The company had revenue of $4.07 billion for the quarter, compared to analyst estimates of $3.91 billion. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. Texas Instruments's revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter last year, the business earned $1.10 EPS. On average, sell-side analysts anticipate that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Stockholders of record on Wednesday, April 30th were paid a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date of this dividend was Wednesday, April 30th. Texas Instruments's dividend payout ratio is presently 103.23%.

Wall Street Analyst Weigh In

TXN has been the subject of several analyst reports. Mizuho set a $170.00 price target on shares of Texas Instruments in a report on Thursday, April 24th. Stifel Nicolaus cut their price target on shares of Texas Instruments from $200.00 to $160.00 and set a "hold" rating for the company in a report on Thursday, April 17th. Baird R W raised shares of Texas Instruments from a "hold" rating to a "strong-buy" rating in a report on Monday, April 7th. Benchmark lowered their target price on shares of Texas Instruments from $230.00 to $200.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Finally, Barclays lowered shares of Texas Instruments from an "equal weight" rating to an "underweight" rating and lowered their target price for the stock from $180.00 to $125.00 in a research report on Tuesday, April 22nd. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $189.86.

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.