Eldred Rock Partners LLC Grows Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Eldred Rock Partners LLC lifted its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 37.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 64,377 shares of the semiconductor company's stock after buying an additional 17,496 shares during the quarter. Texas Instruments makes up approximately 3.5% of Eldred Rock Partners LLC's portfolio, making the stock its 13th biggest position. Eldred Rock Partners LLC's holdings in Texas Instruments were worth $11,487,000 at the end of the most recent reporting period.

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

Texas Instruments Price Performance

Texas Instruments stock traded up $1.78 during trading hours on Thursday, hitting $192.50. The stock had a trading volume of 2,440,474 shares, compared to its average volume of 7,585,478. 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 stock has a market capitalization of $174.88 billion, a price-to-earnings ratio of 37.09, a PEG ratio of 3.30 and a beta of 0.97. Texas Instruments Incorporated has a 1-year low of $139.95 and a 1-year high of $220.38. The stock's fifty day moving average is $168.37 and its two-hundred day moving average is $182.34.

Texas Instruments (NASDAQ:TXN - Get Free Report) last posted its earnings results 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. The company had revenue of $4.07 billion for the quarter, compared to analyst estimates of $3.91 billion. Texas Instruments had a return on equity of 28.08% and a net margin of 30.68%. Texas Instruments's revenue was up 11.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.10 earnings per share. As a group, analysts predict that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 13th. Investors of record on Wednesday, April 30th were paid a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date was Wednesday, April 30th. Texas Instruments's payout ratio is currently 103.23%.

Wall Street Analysts Forecast Growth

TXN has been the subject of a number of research reports. Seaport Res Ptn upgraded Texas Instruments to a "strong sell" rating in a research note on Wednesday, April 30th. Cantor Fitzgerald reduced their price objective on Texas Instruments from $200.00 to $170.00 and set a "neutral" rating for the company in a research note on Thursday, April 24th. TD Securities reiterated a "hold" rating and issued a $160.00 price objective on shares of Texas Instruments in a research note on Thursday, April 24th. Morgan Stanley reiterated an "underweight" rating and issued a $148.00 price objective (up previously from $146.00) on shares of Texas Instruments in a research note on Thursday, April 24th. Finally, DZ Bank upgraded Texas Instruments from a "sell" rating to a "hold" rating and set a $163.00 price target for the company in a research note on Friday, April 25th. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Texas Instruments presently has an average rating of "Hold" and an average price target of $189.41.

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.