Cheviot Value Management LLC Invests $294,000 in Texas Instruments Incorporated (NASDAQ:TXN)

Key Points

• Cheviot Value Management LLC invested approximately $294,000 in Texas Instruments Inc. by acquiring 1,634 shares in the first quarter.
• Texas Instruments reported a quarterly earnings per share (EPS) of $1.41, exceeding the consensus estimate of $1.32, alongside a revenue increase of 16.4% year-over-year.
• The company announced a quarterly dividend of $1.36 per share, which represents a 3.0% yield on its stocks, with a dividend payout ratio of 99.63%.

Cheviot Value Management LLC acquired a new position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 1,634 shares of the semiconductor company's stock, valued at approximately $294,000.

Several other hedge funds also recently modified their holdings of the company. Gerber Kawasaki Wealth & Investment Management increased its stake in shares of Texas Instruments by 1.8% during the 4th quarter. Gerber Kawasaki Wealth & Investment Management now owns 3,187 shares of the semiconductor company's stock worth $598,000 after purchasing an additional 56 shares during the last quarter. Voya Financial Advisors Inc. increased its stake in shares of Texas Instruments by 1.6% during the 4th quarter. Voya Financial Advisors Inc. now owns 3,649 shares of the semiconductor company's stock worth $686,000 after purchasing an additional 58 shares during the last quarter. FSB Premier Wealth Management Inc. increased its stake in shares of Texas Instruments by 1.7% during the 1st quarter. FSB Premier Wealth Management Inc. now owns 3,494 shares of the semiconductor company's stock worth $628,000 after purchasing an additional 60 shares during the last quarter. Dunhill Financial LLC increased its stake in shares of Texas Instruments by 3.7% during the 4th quarter. Dunhill Financial LLC now owns 1,707 shares of the semiconductor company's stock worth $320,000 after purchasing an additional 61 shares during the last quarter. Finally, Sunbelt Securities Inc. grew its stake in Texas Instruments by 2.1% in the 4th quarter. Sunbelt Securities Inc. now owns 3,069 shares of the semiconductor company's stock valued at $577,000 after buying an additional 63 shares during the last quarter. Institutional investors and hedge funds own 84.99% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on TXN. UBS Group set a $255.00 price target on shares of Texas Instruments in a research note on Tuesday, July 22nd. Benchmark upped their price target on shares of Texas Instruments from $200.00 to $220.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. Morgan Stanley reiterated an "underweight" rating on shares of Texas Instruments in a research note on Tuesday, July 22nd. Robert W. Baird upped their price target on shares of Texas Instruments from $175.00 to $220.00 and gave the company an "outperform" rating in a research note on Wednesday, July 23rd. Finally, KeyCorp upped their price target on shares of Texas Instruments from $215.00 to $240.00 and gave the company an "overweight" rating in a research note on Tuesday, July 8th. Four equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $212.21.

Texas Instruments Stock Performance

Shares of Texas Instruments stock opened at $180.86 on Friday. The company has a market cap of $164.43 billion, a PE ratio of 33.12, a price-to-earnings-growth ratio of 2.97 and a beta of 1.03. The company has a current ratio of 5.81, a quick ratio of 3.88 and a debt-to-equity ratio of 0.86. The company has a 50 day moving average of $200.56 and a 200-day moving average of $185.25. Texas Instruments Incorporated has a 1-year low of $139.95 and a 1-year high of $221.69.

Texas Instruments (NASDAQ:TXN - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The semiconductor company reported $1.41 EPS for the quarter, beating the consensus estimate of $1.32 by $0.09. The business had revenue of $4.45 billion during the quarter, compared to the consensus estimate of $4.31 billion. Texas Instruments had a net margin of 30.23% and a return on equity of 30.10%. The firm's revenue was up 16.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.17 EPS. As a group, equities research analysts forecast that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 12th. Investors of record on Thursday, July 31st will be paid a $1.36 dividend. The ex-dividend date of this dividend is Thursday, July 31st. This represents a $5.44 annualized dividend and a yield of 3.0%. Texas Instruments's dividend payout ratio is presently 99.63%.

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.

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