Choreo LLC Boosts Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Choreo LLC increased its holdings in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 8.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 50,870 shares of the semiconductor company's stock after purchasing an additional 3,766 shares during the quarter. Choreo LLC's holdings in Texas Instruments were worth $9,141,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Norges Bank bought a new stake in Texas Instruments in the 4th quarter worth $2,584,490,000. GAMMA Investing LLC lifted its position in Texas Instruments by 21,778.6% during the 1st quarter. GAMMA Investing LLC now owns 3,422,027 shares of the semiconductor company's stock valued at $614,938,000 after acquiring an additional 3,406,386 shares during the period. Jennison Associates LLC lifted its position in Texas Instruments by 2,898.0% during the 1st quarter. Jennison Associates LLC now owns 2,214,471 shares of the semiconductor company's stock valued at $397,940,000 after acquiring an additional 2,140,605 shares during the period. Invesco Ltd. lifted its position in Texas Instruments by 15.4% during the 4th quarter. Invesco Ltd. now owns 11,893,157 shares of the semiconductor company's stock valued at $2,230,086,000 after acquiring an additional 1,587,036 shares during the period. Finally, Northern Trust Corp lifted its position in Texas Instruments by 12.2% during the 4th quarter. Northern Trust Corp now owns 10,398,010 shares of the semiconductor company's stock valued at $1,949,731,000 after acquiring 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 Stock Performance

TXN stock traded down $0.61 during trading on Tuesday, reaching $213.96. The company had a trading volume of 1,844,206 shares, compared to its average volume of 6,456,300. The firm has a 50-day simple moving average of $199.35 and a 200-day simple moving average of $185.23. The company has a market cap of $194.37 billion, a price-to-earnings ratio of 40.48, a price-to-earnings-growth ratio of 3.53 and a beta of 1.03. 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 Incorporated has a twelve month low of $139.95 and a twelve month high of $221.69.

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, beating the consensus estimate of $1.06 by $0.22. The firm had revenue of $4.07 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the previous year, the firm earned $1.10 EPS. As a group, sell-side analysts expect that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 12th. Stockholders of record on Thursday, July 31st will be issued a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.54%. The ex-dividend date of this dividend is Thursday, July 31st. Texas Instruments's payout ratio is 103.23%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on TXN. Summit Insights cut shares of Texas Instruments from a "buy" rating to a "hold" rating in a report on Thursday, April 24th. UBS Group set a $255.00 target price on shares of Texas Instruments in a report on Tuesday. Stifel Nicolaus lifted their target price on shares of Texas Instruments from $160.00 to $192.00 and gave the stock a "hold" rating in a report on Friday. Baird R W raised shares of Texas Instruments from a "hold" rating to a "strong-buy" rating in a report on Monday, April 7th. Finally, Mizuho lifted their target price on shares of Texas Instruments from $170.00 to $205.00 and gave the stock a "neutral" rating in a report on Tuesday, July 8th. Two investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $204.87.

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.

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