Donaldson Capital Management LLC Raises Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Donaldson Capital Management LLC lifted its stake in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 0.8% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 327,412 shares of the semiconductor company's stock after purchasing an additional 2,612 shares during the quarter. Texas Instruments comprises about 2.2% of Donaldson Capital Management LLC's portfolio, making the stock its 18th largest holding. Donaldson Capital Management LLC's holdings in Texas Instruments were worth $58,836,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of TXN. Brighton Jones LLC raised its position in Texas Instruments by 33.4% during the 4th quarter. Brighton Jones LLC now owns 16,840 shares of the semiconductor company's stock worth $3,158,000 after buying an additional 4,218 shares during the last quarter. Union Bancaire Privee UBP SA purchased a new stake in shares of Texas Instruments during the fourth quarter worth $6,544,000. Stephens Inc. AR grew its holdings in shares of Texas Instruments by 12.5% during the fourth quarter. Stephens Inc. AR now owns 30,436 shares of the semiconductor company's stock worth $5,707,000 after buying an additional 3,372 shares in the last quarter. Angeles Wealth Management LLC grew its holdings in shares of Texas Instruments by 18.2% in the fourth quarter. Angeles Wealth Management LLC now owns 1,543 shares of the semiconductor company's stock valued at $289,000 after purchasing an additional 238 shares during the period. Finally, Savant Capital LLC grew its holdings in shares of Texas Instruments by 2.2% in the fourth quarter. Savant Capital LLC now owns 25,818 shares of the semiconductor company's stock valued at $4,841,000 after purchasing an additional 552 shares during the period. 84.99% of the stock is owned by hedge funds and other institutional investors.

Texas Instruments Price Performance

Texas Instruments stock traded down $0.03 during midday trading on Thursday, reaching $199.66. 3,254,959 shares of the company were exchanged, compared to its average volume of 6,360,220. The company has a market capitalization of $181.39 billion, a price-to-earnings ratio of 38.47, a P/E/G ratio of 3.30 and a beta of 1.00. The firm's 50-day simple moving average is $171.94 and its 200-day simple moving average is $182.19. Texas Instruments Incorporated has a 1 year low of $139.95 and a 1 year high of $220.39. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.88 and a current ratio of 4.12.

Texas Instruments (NASDAQ:TXN - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 EPS for the quarter, beating the consensus estimate of $1.06 by $0.22. The company had revenue of $4.07 billion during the quarter, compared to analysts' expectations of $3.91 billion. Texas Instruments had a return on equity of 28.08% and a net margin of 30.68%. The firm's revenue was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.10 EPS. On average, analysts anticipate that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Wednesday, April 30th were issued a $1.36 dividend. This represents a $5.44 annualized dividend and a yield of 2.72%. The ex-dividend date was Wednesday, April 30th. Texas Instruments's dividend payout ratio (DPR) is 103.23%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. JPMorgan Chase & Co. decreased their target price on shares of Texas Instruments from $230.00 to $195.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Seaport Res Ptn upgraded shares of Texas Instruments to a "strong sell" rating in a research note on Wednesday, April 30th. Sanford C. Bernstein upgraded shares of Texas Instruments from a "strong sell" rating to a "hold" rating in a research note on Thursday, June 5th. Barclays lowered shares of Texas Instruments from an "equal weight" rating to an "underweight" rating and dropped their price target for the company from $180.00 to $125.00 in a research note on Tuesday, April 22nd. Finally, Wells Fargo & Company dropped their price target on shares of Texas Instruments from $200.00 to $175.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 24th. Four research analysts have rated the stock with a sell rating, twelve have given a hold rating, nine have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $189.86.

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.