Clarendon Private LLC Has $713,000 Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Key Points

• Clarendon Private LLC increased its holdings in Texas Instruments by 50.2%, acquiring an additional 1,327 shares during the 1st quarter, bringing its total to 3,969 shares valued at $713,000.
• Texas Instruments reported a 16.4% year-over-year revenue increase with quarterly earnings of $1.41 EPS, surpassing analyst expectations of $1.32.
• The semiconductor company declared a quarterly dividend of $1.36, reflecting an annualized payout of $5.44 and a dividend yield of 2.87%.

Clarendon Private LLC grew its position in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 50.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,969 shares of the semiconductor company's stock after buying an additional 1,327 shares during the quarter. Clarendon Private LLC's holdings in Texas Instruments were worth $713,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in TXN. Summit Securities Group LLC purchased a new stake in Texas Instruments during the 4th quarter worth about $27,000. Cloud Capital Management LLC purchased a new stake in Texas Instruments in the 1st quarter valued at about $28,000. Copia Wealth Management purchased a new stake in Texas Instruments in the 4th quarter valued at about $30,000. Quintet Private Bank Europe S.A. purchased a new stake in Texas Instruments in the 1st quarter valued at about $34,000. Finally, Park Square Financial Group LLC purchased a new stake in Texas Instruments in the 4th quarter valued at about $41,000. Hedge funds and other institutional investors own 84.99% of the company's stock.

Texas Instruments Stock Performance

TXN stock traded up $0.03 during trading on Friday, reaching $181.09. 3,395,975 shares of the company's stock were exchanged, compared to its average volume of 7,385,152. The company has a quick ratio of 3.88, a current ratio of 5.81 and a debt-to-equity ratio of 0.86. Texas Instruments Incorporated has a 1-year low of $139.95 and a 1-year high of $221.69. The company's fifty day moving average price is $200.47 and its 200-day moving average price is $185.42. The firm has a market cap of $164.63 billion, a PE ratio of 33.15, a P/E/G ratio of 3.11 and a beta of 1.03.

Texas Instruments (NASDAQ:TXN - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The semiconductor company reported $1.41 earnings per share 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 analyst estimates of $4.31 billion. Texas Instruments had a return on equity of 30.10% and a net margin of 30.23%. The company's revenue was up 16.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.17 earnings per share. On average, research analysts expect that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

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

Analyst Upgrades and Downgrades

Several analysts have commented on TXN shares. TD Cowen lowered their price target on Texas Instruments from $245.00 to $230.00 and set a "buy" rating for the company in a report on Wednesday, July 23rd. Argus upgraded Texas Instruments to a "strong-buy" rating in a report on Friday, April 25th. Citigroup restated a "buy" rating on shares of Texas Instruments in a report on Tuesday, July 22nd. Wells Fargo & Company reduced their price objective on Texas Instruments from $215.00 to $195.00 and set an "equal weight" rating on the stock in a research note on Wednesday, July 23rd. Finally, KeyCorp lifted their price objective on Texas Instruments from $215.00 to $240.00 and gave the company an "overweight" rating in a research note on Tuesday, July 8th. Four research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $212.21.

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.