Texas Instruments Incorporated (NASDAQ:TXN) Stock Holdings Lifted by Fifth Third Bancorp

Fifth Third Bancorp boosted its stake in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 1.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 472,379 shares of the semiconductor company's stock after purchasing an additional 5,791 shares during the quarter. Fifth Third Bancorp owned about 0.05% of Texas Instruments worth $84,887,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of TXN. Simon Quick Advisors LLC lifted its position in shares of Texas Instruments by 21.6% during the first quarter. Simon Quick Advisors LLC now owns 6,428 shares of the semiconductor company's stock worth $1,155,000 after purchasing an additional 1,141 shares in the last quarter. Zhang Financial LLC acquired a new position in shares of Texas Instruments during the first quarter worth $491,000. McKinley Carter Wealth Services Inc. lifted its position in shares of Texas Instruments by 2.3% during the first quarter. McKinley Carter Wealth Services Inc. now owns 12,299 shares of the semiconductor company's stock worth $2,210,000 after purchasing an additional 277 shares in the last quarter. Laurel Wealth Advisors LLC lifted its position in shares of Texas Instruments by 54.7% during the first quarter. Laurel Wealth Advisors LLC now owns 2,800 shares of the semiconductor company's stock worth $503,000 after purchasing an additional 990 shares in the last quarter. Finally, Focus Financial Network Inc. lifted its position in shares of Texas Instruments by 1.9% during the first quarter. Focus Financial Network Inc. now owns 4,123 shares of the semiconductor company's stock worth $741,000 after purchasing an additional 77 shares in the last quarter. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Summit Insights cut shares of Texas Instruments from a "buy" rating to a "hold" rating in a research report on Thursday, April 24th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $216.00 price target on shares of Texas Instruments in a report on Thursday, April 24th. DZ Bank raised shares of Texas Instruments from a "sell" rating to a "hold" rating and set a $163.00 price target on the stock in a report on Friday, April 25th. Truist Financial cut their price target on shares of Texas Instruments from $195.00 to $171.00 and set a "hold" rating on the stock in a report on Thursday, April 24th. Finally, Citigroup upped their price target on shares of Texas Instruments from $210.00 to $220.00 and gave the company a "buy" rating in a report on Monday. Four equities 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 assigned a strong buy rating to the stock. According to MarketBeat, Texas Instruments currently has a consensus rating of "Hold" and an average price target of $189.86.

Texas Instruments Price Performance

TXN traded down $0.03 on Thursday, reaching $199.66. The company had a trading volume of 3,254,959 shares, compared to its average volume of 6,360,218. The company has a fifty day moving average of $171.02 and a 200-day moving average of $182.21. The company has a market capitalization of $181.39 billion, a P/E ratio of 38.47, a PEG ratio of 3.30 and a beta of 1.00. The company has a current ratio of 4.12, a quick ratio of 2.88 and a debt-to-equity ratio of 0.76. Texas Instruments Incorporated has a one year low of $139.95 and a one year high of $220.39.

Texas Instruments (NASDAQ:TXN - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.06 by $0.22. The firm had revenue of $4.07 billion during the quarter, compared to analyst estimates of $3.91 billion. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. Texas Instruments's revenue was up 11.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.10 EPS. As a group, equities research analysts anticipate that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Investors of record on Wednesday, April 30th were given a $1.36 dividend. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $5.44 dividend on an annualized basis and a yield of 2.72%. Texas Instruments's dividend payout ratio is presently 103.23%.

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.