Brookstone Capital Management Buys 17,359 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Brookstone Capital Management grew its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 104.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 34,033 shares of the semiconductor company's stock after acquiring an additional 17,359 shares during the period. Brookstone Capital Management's holdings in Texas Instruments were worth $6,116,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. Promus Capital LLC acquired a new stake in shares of Texas Instruments in the fourth quarter valued at approximately $25,000. Summit Securities Group LLC acquired a new position in Texas Instruments during the fourth quarter valued at approximately $27,000. Copia Wealth Management acquired a new position in Texas Instruments during the fourth quarter valued at approximately $30,000. Quintet Private Bank Europe S.A. acquired a new position in Texas Instruments during the first quarter valued at approximately $34,000. Finally, Atala Financial Inc acquired a new position in Texas Instruments during the fourth quarter valued at approximately $37,000. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Cowen restated a "hold" rating on shares of Texas Instruments in a research report on Wednesday, June 25th. Mizuho set a $170.00 price objective on Texas Instruments in a research report on Thursday, April 24th. Robert W. Baird upgraded Texas Instruments from a "neutral" rating to an "outperform" rating and set a $175.00 price objective on the stock in a research report on Monday, April 7th. KeyCorp reduced their price objective on shares of Texas Instruments from $250.00 to $215.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Finally, Citigroup boosted their price objective on shares of Texas Instruments from $210.00 to $220.00 and gave the stock a "buy" rating in a research note on Monday, June 9th. Four investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $191.49.

Texas Instruments Stock Down 0.0%

Shares of TXN traded down $0.03 on Friday, reaching $215.57. The company's stock had a trading volume of 2,561,140 shares, compared to its average volume of 6,442,888. 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 twelve month low of $139.95 and a twelve month high of $220.39. The stock has a market capitalization of $195.83 billion, a PE ratio of 40.90, a PEG ratio of 3.52 and a beta of 1.03. The firm has a fifty day moving average of $188.48 and a 200-day moving average of $183.28.

Texas Instruments (NASDAQ:TXN - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share 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 company had revenue of $4.07 billion for the quarter, compared to analyst estimates of $3.91 billion. During the same quarter in the prior year, the business posted $1.10 EPS. The firm's revenue was up 11.1% compared to the same quarter last year. Equities analysts predict that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Wednesday, April 30th were given a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date was Wednesday, April 30th. Texas Instruments's payout ratio is 103.23%.

About Texas Instruments

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.