Cullinan Associates Inc. Buys 1,469 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Cullinan Associates Inc. grew its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 1.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 90,759 shares of the semiconductor company's stock after buying an additional 1,469 shares during the period. Texas Instruments accounts for approximately 1.2% of Cullinan Associates Inc.'s portfolio, making the stock its 22nd largest holding. Cullinan Associates Inc.'s holdings in Texas Instruments were worth $16,309,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of TXN. Norges Bank bought a new stake in shares of Texas Instruments during the fourth quarter valued at about $2,584,490,000. GAMMA Investing LLC grew its holdings in shares of Texas Instruments by 21,778.6% during the first quarter. GAMMA Investing LLC now owns 3,422,027 shares of the semiconductor company's stock worth $614,938,000 after purchasing an additional 3,406,386 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Texas Instruments by 11.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 21,487,468 shares of the semiconductor company's stock worth $4,029,115,000 after purchasing an additional 2,237,035 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Texas Instruments by 15.4% during the fourth quarter. Invesco Ltd. now owns 11,893,157 shares of the semiconductor company's stock worth $2,230,086,000 after purchasing an additional 1,587,036 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Texas Instruments during the fourth quarter worth about $295,665,000. 84.99% of the stock is currently owned by institutional investors.

Texas Instruments Stock Performance

Shares of TXN stock opened at $198.20 on Friday. 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 fifty-two week low of $139.95 and a fifty-two week high of $220.39. The stock has a 50 day moving average price of $176.97 and a two-hundred day moving average price of $182.00. The company has a market capitalization of $180.06 billion, a P/E ratio of 37.61, a PEG ratio of 3.23 and a beta of 1.00.

Texas Instruments (NASDAQ:TXN - Get Free Report) last announced its quarterly earnings data 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 previous year, the company posted $1.10 earnings per share. The business's revenue was up 11.1% on a year-over-year basis. Analysts expect that Texas Instruments Incorporated will post 5.35 earnings per share for the current 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 issued a dividend of $1.36 per share. The ex-dividend date was Wednesday, April 30th. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.74%. Texas Instruments's dividend payout ratio is presently 103.23%.

Analysts Set New Price Targets

Several brokerages have recently commented on TXN. JPMorgan Chase & Co. cut their price objective on Texas Instruments from $230.00 to $195.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. UBS Group cut their price objective on Texas Instruments from $225.00 to $215.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Seaport Res Ptn raised Texas Instruments to a "strong sell" rating in a report on Wednesday, April 30th. Morgan Stanley reaffirmed an "underweight" rating and issued a $148.00 target price (up previously from $146.00) on shares of Texas Instruments in a research note on Thursday, April 24th. Finally, Truist Financial cut their target price on Texas Instruments from $195.00 to $171.00 and set a "hold" rating for the company in a research note on Thursday, April 24th. Four analysts have rated the stock with a sell rating, twelve have assigned a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Texas Instruments presently has an average rating of "Hold" and a consensus price target of $190.55.

Texas Instruments 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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