Buckhead Capital Management LLC Increases Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Buckhead Capital Management LLC grew its stake in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 10.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 33,678 shares of the semiconductor company's stock after buying an additional 3,104 shares during the period. Texas Instruments accounts for 1.9% of Buckhead Capital Management LLC's holdings, making the stock its 13th biggest position. Buckhead Capital Management LLC's holdings in Texas Instruments were worth $6,052,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. Norges Bank acquired a new stake in Texas Instruments during the fourth quarter valued at $2,584,490,000. GAMMA Investing LLC grew its position 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 valued at $614,938,000 after buying an additional 3,406,386 shares during the period. Jennison Associates LLC grew its position in Texas Instruments by 2,898.0% during the first quarter. Jennison Associates LLC now owns 2,214,471 shares of the semiconductor company's stock valued at $397,940,000 after buying an additional 2,140,605 shares during the period. Invesco Ltd. grew its position in Texas Instruments by 15.4% during the fourth quarter. Invesco Ltd. now owns 11,893,157 shares of the semiconductor company's stock valued at $2,230,086,000 after buying an additional 1,587,036 shares during the period. Finally, Northern Trust Corp grew its position in Texas Instruments by 12.2% during the fourth quarter. Northern Trust Corp now owns 10,398,010 shares of the semiconductor company's stock valued at $1,949,731,000 after buying an additional 1,132,187 shares during the period. Hedge funds and other institutional investors own 84.99% of the company's stock.

Texas Instruments Trading Up 0.0%

Shares of Texas Instruments stock traded up $0.03 on Friday, reaching $216.62. The company had a trading volume of 4,535,481 shares, compared to its average volume of 6,466,299. The firm's 50 day moving average price is $199.35 and its two-hundred day moving average price is $185.26. The firm has a market cap of $196.79 billion, a PE ratio of 41.10, a PEG ratio of 3.53 and a beta of 1.03. Texas Instruments Incorporated has a 52-week low of $139.95 and a 52-week high of $221.69. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.37 and a current ratio of 5.26.

Texas Instruments (NASDAQ:TXN - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $4.07 billion during the quarter, compared to analysts' expectations of $3.91 billion. Texas Instruments had a net margin of 30.36% and a return on equity of 28.75%. The business's quarterly revenue was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.10 earnings per share. Sell-side analysts predict that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 12th. Shareholders of record on Thursday, July 31st will be issued a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a yield of 2.51%. The ex-dividend date of this dividend is Thursday, July 31st. Texas Instruments's dividend payout ratio (DPR) is presently 103.23%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on TXN. Citigroup lifted their target price on shares of Texas Instruments from $220.00 to $260.00 and gave the company a "buy" rating in a research report on Monday, July 7th. Arete began coverage on shares of Texas Instruments in a research report on Thursday, June 26th. They issued a "neutral" rating and a $203.80 target price on the stock. Truist Financial dropped their target price on shares of Texas Instruments from $195.00 to $171.00 and set a "hold" rating on the stock in a research report on Thursday, April 24th. KeyCorp lifted their target price on shares of Texas Instruments from $215.00 to $240.00 and gave the company an "overweight" rating in a research report on Tuesday, July 8th. Finally, Cantor Fitzgerald dropped their target price on shares of Texas Instruments from $200.00 to $170.00 and set a "neutral" rating on the stock in a research report on Thursday, April 24th. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $204.87.

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.