Texas Instruments Incorporated (NASDAQ:TXN) Shares Acquired by Calamos Advisors LLC

Calamos Advisors LLC grew its holdings in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 1.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 117,072 shares of the semiconductor company's stock after acquiring an additional 1,167 shares during the period. Calamos Advisors LLC's holdings in Texas Instruments were worth $21,038,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of TXN. Promus Capital LLC acquired a new position in shares of Texas Instruments during the fourth quarter worth about $25,000. Summit Securities Group LLC acquired a new position in Texas Instruments during the 4th quarter worth approximately $27,000. Copia Wealth Management acquired a new position in Texas Instruments during the 4th quarter worth approximately $30,000. Quintet Private Bank Europe S.A. acquired a new position in Texas Instruments during the 1st quarter worth approximately $34,000. Finally, Atala Financial Inc acquired a new position in Texas Instruments during the 4th quarter worth approximately $37,000. Institutional investors and hedge funds own 84.99% of the company's stock.

Texas Instruments Price Performance

Shares of TXN stock traded down $0.03 during midday trading on Friday, reaching $215.57. 2,561,140 shares of the company traded hands, compared to its average volume of 6,442,888. The firm's 50 day simple moving average is $188.48 and its two-hundred day simple moving average is $183.28. The firm has a market cap of $195.83 billion, a PE ratio of 40.90, a price-to-earnings-growth ratio of 3.52 and a beta of 1.03. Texas Instruments Incorporated has a 1-year low of $139.95 and a 1-year high of $220.39. The company has a debt-to-equity ratio of 0.78, a current ratio of 5.26 and a quick ratio of 3.37.

Texas Instruments (NASDAQ:TXN - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate 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 return on equity of 28.75% and a net margin of 30.36%. Texas Instruments's revenue was up 11.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.10 earnings per share. On average, equities research analysts expect that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Announces Dividend

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

Analysts Set New Price Targets

A number of brokerages recently commented on TXN. JPMorgan Chase & Co. lowered their target price on shares of Texas Instruments from $230.00 to $195.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Mizuho set a $170.00 price objective on Texas Instruments in a research report on Thursday, April 24th. Barclays downgraded Texas Instruments from an "equal weight" rating to an "underweight" rating and lowered their price target for the company from $180.00 to $125.00 in a report on Tuesday, April 22nd. Cantor Fitzgerald lowered their price target on Texas Instruments from $200.00 to $170.00 and set a "neutral" rating for the company in a report on Thursday, April 24th. Finally, Sanford C. Bernstein raised Texas Instruments from a "strong sell" rating to a "hold" rating in a report on Thursday, June 5th. Four analysts have rated the stock with a sell rating, sixteen have issued a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $191.49.

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.