Concurrent Investment Advisors LLC Has $3.62 Million Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Concurrent Investment Advisors LLC lifted its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 10.1% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,124 shares of the semiconductor company's stock after purchasing an additional 1,843 shares during the period. Concurrent Investment Advisors LLC's holdings in Texas Instruments were worth $3,616,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. raised its position in Texas Instruments by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 93,567,277 shares of the semiconductor company's stock valued at $17,544,800,000 after buying an additional 649,620 shares during the period. Geode Capital Management LLC raised its position in Texas Instruments by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 21,554,142 shares of the semiconductor company's stock valued at $4,032,599,000 after buying an additional 267,352 shares during the period. Norges Bank acquired a new position in Texas Instruments during the fourth quarter valued at $2,584,490,000. Alliancebernstein L.P. raised its position in Texas Instruments by 6.9% during the fourth quarter. Alliancebernstein L.P. now owns 12,706,971 shares of the semiconductor company's stock valued at $2,382,684,000 after buying an additional 822,797 shares during the period. Finally, Invesco Ltd. raised 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. 84.99% of the stock is owned by institutional investors and hedge funds.

Texas Instruments Stock Performance

NASDAQ:TXN traded up $5.49 during mid-day trading on Tuesday, hitting $218.90. 753,333 shares of the company's stock traded hands, compared to its average volume of 6,416,973. The firm has a 50 day moving average of $189.50 and a two-hundred day moving average of $183.45. Texas Instruments Incorporated has a 12 month low of $139.95 and a 12 month high of $220.39. The firm has a market capitalization of $198.87 billion, a price-to-earnings ratio of 41.53, a price-to-earnings-growth ratio of 3.52 and a beta of 1.03. The company has a current ratio of 5.26, a quick ratio of 3.37 and a debt-to-equity ratio of 0.78.

Texas Instruments (NASDAQ:TXN - Get Free Report) last announced 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. Texas Instruments had a return on equity of 28.75% and a net margin of 30.36%. The firm had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $3.91 billion. During the same quarter in the prior year, the company earned $1.10 EPS. The firm's revenue for the quarter was up 11.1% compared to the same quarter last year. On average, equities analysts forecast that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Investors of record on Wednesday, April 30th were paid a dividend of $1.36 per share. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $5.44 annualized dividend and a yield of 2.49%. Texas Instruments's payout ratio is 103.23%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on TXN. Citigroup upped their price target on Texas Instruments from $220.00 to $260.00 and gave the company a "buy" rating in a research report on Monday. Morgan Stanley reaffirmed an "underweight" rating and issued a $148.00 target price (up from $146.00) on shares of Texas Instruments in a research report on Thursday, April 24th. Sanford C. Bernstein raised Texas Instruments from a "strong sell" rating to a "hold" rating in a research report on Thursday, June 5th. Wells Fargo & Company set a $190.00 target price on Texas Instruments and gave the stock an "equal weight" rating in a research report on Monday, June 16th. Finally, Benchmark dropped their target price on Texas Instruments from $230.00 to $200.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Four equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $195.87.

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.