3,639 Shares in Texas Instruments Incorporated (NASDAQ:TXN) Bought by Fiduciary Family Office LLC

Key Points

• Fiduciary Family Office LLC has acquired a new stake of 3,639 shares of Texas Instruments Incorporated, valued at approximately $654,000.
• Texas Instruments recently reported a quarterly revenue of $4.45 billion, surpassing analyst expectations, and had an earnings per share (EPS) of $1.41 for the quarter.
• The company has announced a quarterly dividend of $1.36 per share, representing a 2.9% dividend yield, with a payout ratio of 99.63%.

Fiduciary Family Office LLC bought a new stake in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 3,639 shares of the semiconductor company's stock, valued at approximately $654,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in TXN. Taylor Financial Group Inc. increased its holdings in shares of 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 purchasing an additional 67 shares in the last quarter. Benjamin Edwards Inc. grew its holdings in shares of Texas Instruments by 14.3% in the first quarter. Benjamin Edwards Inc. now owns 261,503 shares of the semiconductor company's stock worth $46,992,000 after acquiring an additional 32,675 shares during the period. Frank Rimerman Advisors LLC grew its holdings in shares of Texas Instruments by 47.2% in the first quarter. Frank Rimerman Advisors LLC now owns 16,539 shares of the semiconductor company's stock worth $2,972,000 after acquiring an additional 5,305 shares during the period. Cynosure Group LLC grew its holdings in shares of Texas Instruments by 15.6% in the first quarter. Cynosure Group LLC now owns 2,328 shares of the semiconductor company's stock worth $418,000 after acquiring an additional 314 shares during the period. Finally, Zions Bancorporation National Association UT bought a new stake in shares of Texas Instruments in the first quarter worth $509,000. Hedge funds and other institutional investors own 84.99% of the company's stock.

Texas Instruments Stock Down 1.9%

Shares of NASDAQ:TXN traded down $3.51 during midday trading on Monday, hitting $183.71. 6,441,025 shares of the company's stock traded hands, compared to its average volume of 8,070,119. 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 market cap of $167.02 billion, a PE ratio of 33.65, a P/E/G ratio of 3.06 and a beta of 1.03. The firm's fifty day moving average price is $200.90 and its two-hundred day moving average price is $184.87. Texas Instruments Incorporated has a twelve month low of $139.95 and a twelve month high of $221.69.

Texas Instruments (NASDAQ:TXN - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The semiconductor company reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.09. The firm had revenue of $4.45 billion for 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%. The firm's quarterly revenue was up 16.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.17 EPS. On average, equities research analysts anticipate that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal 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. The ex-dividend date of this dividend is Thursday, July 31st. This represents a $5.44 annualized dividend and a yield of 3.0%. Texas Instruments's dividend payout ratio is currently 99.63%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on TXN. JPMorgan Chase & Co. lifted their price objective on Texas Instruments from $195.00 to $225.00 and gave the stock an "overweight" rating in a report on Wednesday, July 23rd. The Goldman Sachs Group assumed coverage on Texas Instruments in a report on Thursday, July 10th. They issued a "buy" rating and a $255.00 price objective for the company. Truist Financial lifted their target price on Texas Instruments from $171.00 to $196.00 and gave the company a "hold" rating in a research report on Wednesday, July 23rd. TD Securities reiterated a "hold" rating and set a $160.00 target price on shares of Texas Instruments in a research report on Thursday, April 24th. Finally, TD Cowen lowered their target price on Texas Instruments from $245.00 to $230.00 and set a "buy" rating on the stock in a research report on Wednesday, July 23rd. Four equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $212.21.

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.