DLK Investment Management LLC grew its holdings in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 9.6% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 15,352 shares of the semiconductor company's stock after buying an additional 1,350 shares during the quarter. DLK Investment Management LLC's holdings in Texas Instruments were worth $2,759,000 as of its most recent filing with the SEC.
Several other large investors also recently modified their holdings of the stock. Promus Capital LLC bought a new position in shares of Texas Instruments during the fourth quarter worth $25,000. Summit Securities Group LLC acquired a new position in shares of Texas Instruments during the 4th quarter worth about $27,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Texas Instruments in the fourth quarter valued at approximately $28,000. Copia Wealth Management bought a new stake in shares of Texas Instruments in the fourth quarter valued at about $30,000. Finally, Quintet Private Bank Europe S.A. acquired a new stake in Texas Instruments during the first quarter worth approximately $34,000. 84.99% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on the stock. Barclays lowered shares of Texas Instruments from an "equal weight" rating to an "underweight" rating and reduced their target price for the stock from $180.00 to $125.00 in a report on Tuesday, April 22nd. Cowen restated a "hold" rating on shares of Texas Instruments in a research note on Wednesday. Mizuho set a $170.00 target price on shares of Texas Instruments in a research report on Thursday, April 24th. Wells Fargo & Company set a $190.00 price objective on shares of Texas Instruments and gave the stock an "equal weight" rating in a report on Monday, June 16th. Finally, Seaport Res Ptn raised Texas Instruments to a "strong sell" rating in a research report on Wednesday, April 30th. Four analysts have rated the stock with a sell rating, fifteen have given a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $191.49.
Check Out Our Latest Stock Report on Texas Instruments
Texas Instruments Stock Performance
TXN traded up $0.93 during trading on Thursday, hitting $206.31. The stock had a trading volume of 4,576,657 shares, compared to its average volume of 6,393,804. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.37 and a current ratio of 5.26. The firm has a market capitalization of $187.43 billion, a P/E ratio of 39.15, a PEG ratio of 3.35 and a beta of 1.00. Texas Instruments Incorporated has a twelve month low of $139.95 and a twelve month high of $220.39. The company's 50-day moving average price is $180.24 and its 200 day moving average price is $182.31.
Texas Instruments (NASDAQ:TXN - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.22. Texas Instruments had a net margin of 30.36% and a return on equity of 28.75%. The company had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $3.91 billion. During the same quarter in the prior year, the firm earned $1.10 earnings per share. The company's revenue for the quarter was up 11.1% compared to the same quarter last year. On average, equities research analysts forecast that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.
Texas Instruments Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Wednesday, April 30th were given a $1.36 dividend. This represents a $5.44 annualized dividend and a yield of 2.64%. The ex-dividend date was Wednesday, April 30th. Texas Instruments's dividend payout ratio (DPR) is presently 103.23%.
Texas Instruments Company Profile
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Free Report)
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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