Entropy Technologies LP Acquires Shares of 26,670 Texas Instruments Incorporated (NASDAQ:TXN)

Key Points

• Entropy Technologies LP has acquired a stake of 26,670 shares in Texas Instruments, valued at approximately $4.79 million.
• Texas Instruments recently declared a quarterly dividend of $1.36 per share, with an upcoming ex-dividend date of July 31, representing an annual yield of 2.9%.
• Analysts have mixed opinions on Texas Instruments, with ratings ranging from overweight from KeyCorp with a target price of $240 to underweight from Morgan Stanley.

Entropy Technologies LP acquired a new stake in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 26,670 shares of the semiconductor company's stock, valued at approximately $4,793,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Covington Investment Advisors Inc. raised its holdings in Texas Instruments by 2.7% in the 1st quarter. Covington Investment Advisors Inc. now owns 63,499 shares of the semiconductor company's stock worth $11,411,000 after acquiring an additional 1,666 shares during the last quarter. Invesco Ltd. raised its holdings in Texas Instruments by 14.6% in the 1st quarter. Invesco Ltd. now owns 13,624,568 shares of the semiconductor company's stock worth $2,448,335,000 after acquiring an additional 1,731,411 shares during the last quarter. Sierra Summit Advisors LLC purchased a new position in Texas Instruments in the 1st quarter worth approximately $874,000. Fiduciary Family Office LLC purchased a new position in Texas Instruments in the 1st quarter worth approximately $654,000. Finally, Taylor Financial Group Inc. raised its holdings in Texas Instruments by 5.4% in the 1st quarter. Taylor Financial Group Inc. now owns 1,304 shares of the semiconductor company's stock worth $234,000 after acquiring an additional 67 shares during the last quarter. Institutional investors own 84.99% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on TXN shares. Morgan Stanley restated an "underweight" rating on shares of Texas Instruments in a report on Tuesday, July 22nd. Cowen reaffirmed a "hold" rating on shares of Texas Instruments in a research report on Wednesday, June 25th. KeyCorp lifted their target price on shares of Texas Instruments from $215.00 to $240.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 8th. Cantor Fitzgerald reaffirmed a "neutral" rating on shares of Texas Instruments in a research report on Tuesday, July 22nd. Finally, The Goldman Sachs Group started coverage on shares of Texas Instruments in a research report on Thursday, July 10th. They issued a "buy" rating and a $255.00 target price for the company. Four analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $212.21.

Texas Instruments Trading Up 0.7%

Shares of Texas Instruments stock opened at $187.22 on Friday. The company has a market capitalization of $170.21 billion, a P/E ratio of 34.29, a P/E/G ratio of 3.06 and a beta of 1.03. The company has a debt-to-equity ratio of 0.86, a quick ratio of 3.88 and a current ratio of 5.81. The company has a fifty day moving average of $200.91 and a 200 day moving average of $184.99. Texas Instruments Incorporated has a fifty-two week low of $139.95 and a fifty-two week high of $221.69.

Texas Instruments (NASDAQ:TXN - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The semiconductor company reported $1.41 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.09. The company had revenue of $4.45 billion during the quarter, compared to the consensus estimate of $4.31 billion. Texas Instruments had a net margin of 30.23% and a return on equity of 30.10%. Texas Instruments's quarterly revenue was up 16.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.17 EPS. On average, sell-side analysts anticipate that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 12th. Shareholders of record on Thursday, July 31st will be paid a $1.36 dividend. The ex-dividend date is Thursday, July 31st. This represents a $5.44 annualized dividend and a yield of 2.9%. Texas Instruments's payout ratio is presently 99.63%.

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.

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