Cypress Asset Management Inc. TX Buys Shares of 12,354 Texas Instruments Incorporated (NASDAQ:TXN)

Cypress Asset Management Inc. TX bought a new stake in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 12,354 shares of the semiconductor company's stock, valued at approximately $2,361,000.

Other large investors have also recently bought and sold shares of the company. James Hambro & Partners LLP increased its holdings in Texas Instruments by 2.8% in the fourth quarter. James Hambro & Partners LLP now owns 555,234 shares of the semiconductor company's stock valued at $104,126,000 after buying an additional 15,165 shares during the last quarter. China Universal Asset Management Co. Ltd. boosted its stake in Texas Instruments by 30.4% in the fourth quarter. China Universal Asset Management Co. Ltd. now owns 19,367 shares of the semiconductor company's stock valued at $3,632,000 after acquiring an additional 4,515 shares in the last quarter. Mizuho Securities USA LLC boosted its stake in Texas Instruments by 46.0% in the fourth quarter. Mizuho Securities USA LLC now owns 86,457 shares of the semiconductor company's stock valued at $16,212,000 after acquiring an additional 27,251 shares in the last quarter. OFC Financial Planning LLC acquired a new position in Texas Instruments in the fourth quarter valued at $338,000. Finally, Union Bancaire Privee UBP SA acquired a new stake in Texas Instruments during the 4th quarter worth $6,544,000. Hedge funds and other institutional investors own 84.99% of the company's stock.

Texas Instruments Price Performance

Shares of Texas Instruments stock traded down $3.85 on Friday, hitting $181.14. The company had a trading volume of 2,851,588 shares, compared to its average volume of 6,295,158. The company has a market cap of $164.56 billion, a PE ratio of 34.88, a PEG ratio of 3.30 and a beta of 0.97. Texas Instruments Incorporated has a 52 week low of $139.95 and a 52 week high of $220.39. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.12 and a quick ratio of 2.88. The business has a 50-day simple moving average of $168.00 and a 200-day simple moving average of $182.90.

Texas Instruments (NASDAQ:TXN - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.06 by $0.22. Texas Instruments had a return on equity of 28.08% and a net margin of 30.68%. The business had revenue of $4.07 billion for the quarter, compared to analysts' expectations of $3.91 billion. During the same period in the previous year, the business posted $1.10 earnings per share. Texas Instruments's quarterly revenue was up 11.1% on a year-over-year basis. 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 declared a quarterly dividend, which was paid on Tuesday, May 13th. Stockholders of record on Wednesday, April 30th were paid a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a dividend yield of 3.00%. The ex-dividend date was Wednesday, April 30th. Texas Instruments's dividend payout ratio (DPR) is presently 103.23%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on TXN. Summit Insights downgraded shares of Texas Instruments from a "buy" rating to a "hold" rating in a research report on Thursday, April 24th. TD Securities restated a "hold" rating and set a $160.00 price objective on shares of Texas Instruments in a research report on Thursday, April 24th. Wells Fargo & Company cut their price objective on Texas Instruments from $200.00 to $175.00 and set an "equal weight" rating for the company in a research report on Thursday, April 24th. Argus raised shares of Texas Instruments to a "strong-buy" rating in a research note on Friday, April 25th. Finally, Truist Financial lowered their target price on shares of 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 equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, Texas Instruments presently has an average rating of "Hold" and an average target price of $189.41.

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.