Azzad Asset Management Inc. ADV Purchases New Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Azzad Asset Management Inc. ADV purchased a new position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 13,227 shares of the semiconductor company's stock, valued at approximately $2,377,000.

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

Texas Instruments Stock Performance

TXN traded up $0.74 during trading on Wednesday, hitting $198.43. 2,157,210 shares of the stock were exchanged, compared to its average volume of 6,363,881. The stock has a fifty day moving average price of $174.54 and a two-hundred day moving average price of $182.01. Texas Instruments Incorporated has a 1-year low of $139.95 and a 1-year high of $220.39. The firm has a market capitalization of $180.27 billion, a P/E ratio of 37.64, a PEG ratio of 3.24 and a beta of 1.00. The company has a quick ratio of 3.37, a current ratio of 5.26 and a debt-to-equity ratio of 0.78.

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

Texas Instruments Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Wednesday, April 30th were paid a $1.36 dividend. The ex-dividend date was Wednesday, April 30th. This represents a $5.44 annualized dividend and a dividend yield of 2.74%. Texas Instruments's dividend payout ratio (DPR) is currently 103.23%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on TXN shares. Truist Financial decreased their price objective on Texas Instruments from $195.00 to $171.00 and set a "hold" rating for the company in a research note on Thursday, April 24th. TD Securities reiterated a "hold" rating and issued a $160.00 price objective on shares of Texas Instruments in a research note on Thursday, April 24th. DZ Bank upgraded Texas Instruments from a "sell" rating to a "hold" rating and set a $163.00 price objective for the company in a research note on Friday, April 25th. Summit Insights cut Texas Instruments from a "buy" rating to a "hold" rating in a research note on Thursday, April 24th. Finally, Wells Fargo & Company lifted their price objective on Texas Instruments from $175.00 to $190.00 and gave the company an "equal weight" rating in a research note on Monday. Four analysts have rated the stock with a sell rating, twelve have assigned a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $191.91.

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.