Texas Instruments Incorporated (NASDAQ:TXN) Shares Bought by Diamond Hill Capital Management Inc.

Diamond Hill Capital Management Inc. boosted its position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 1.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,440,589 shares of the semiconductor company's stock after buying an additional 62,218 shares during the quarter. Texas Instruments makes up 2.8% of Diamond Hill Capital Management Inc.'s holdings, making the stock its 5th biggest position. Diamond Hill Capital Management Inc. owned about 0.38% of Texas Instruments worth $618,274,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Guardian Wealth Management Inc. boosted its position in Texas Instruments by 3.2% during the first quarter. Guardian Wealth Management Inc. now owns 11,895 shares of the semiconductor company's stock worth $2,138,000 after acquiring an additional 370 shares during the last quarter. AE Wealth Management LLC increased its position in shares of Texas Instruments by 17.5% in the 1st quarter. AE Wealth Management LLC now owns 52,685 shares of the semiconductor company's stock valued at $9,468,000 after purchasing an additional 7,864 shares during the last quarter. Wakefield Asset Management LLLP acquired a new stake in shares of Texas Instruments during the first quarter worth about $278,000. Wedbush Securities Inc. grew its position in Texas Instruments by 2.4% during the 1st quarter. Wedbush Securities Inc. now owns 10,459 shares of the semiconductor company's stock worth $1,879,000 after purchasing an additional 242 shares during the last quarter. Finally, IMA Advisory Services Inc. acquired a new stake in shares of Texas Instruments in the 1st quarter worth $56,000. Institutional investors and hedge funds own 84.99% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on TXN. TD Cowen cut their target price on shares of Texas Instruments from $245.00 to $230.00 and set a "buy" rating for the company in a research report on Wednesday. The Goldman Sachs Group began coverage on shares of Texas Instruments in a report on Thursday, July 10th. They issued a "buy" rating and a $255.00 price target on the stock. Arete Research raised shares of Texas Instruments to a "hold" rating in a report on Thursday, June 26th. Arete began coverage on shares of Texas Instruments in a report on Thursday, June 26th. They issued a "neutral" rating and a $203.80 price target on the stock. Finally, Wells Fargo & Company cut their price target on shares of Texas Instruments from $215.00 to $195.00 and set an "equal weight" rating on the stock in a report on Wednesday. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Texas Instruments currently has an average rating of "Hold" and an average target price of $211.40.

Texas Instruments Price Performance

TXN traded down $0.70 on Friday, reaching $184.99. The company had a trading volume of 7,026,213 shares, compared to its average volume of 6,968,143. The company has a fifty day moving average of $200.37 and a 200-day moving average of $185.56. Texas Instruments Incorporated has a one year low of $139.95 and a one year high of $221.69. The company has a market capitalization of $168.06 billion, a P/E ratio of 33.88, a PEG ratio of 3.06 and a beta of 1.03. The company has a current ratio of 5.81, a quick ratio of 3.37 and a debt-to-equity ratio of 0.86.

Texas Instruments (NASDAQ:TXN - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The semiconductor company reported $1.41 EPS for the quarter, topping the consensus estimate of $1.32 by $0.09. Texas Instruments had a net margin of 30.23% and a return on equity of 30.10%. The firm had revenue of $4.45 billion for the quarter, compared to analysts' expectations of $4.31 billion. During the same period in the previous year, the business earned $1.17 earnings per share. Texas Instruments's revenue for the quarter was up 16.4% compared to the same quarter last year. As a group, equities research analysts anticipate 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. Investors of record on Thursday, July 31st will be paid a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a yield of 2.94%. The ex-dividend date is Thursday, July 31st. Texas Instruments's dividend payout ratio is presently 99.63%.

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.