Forum Financial Management LP Raises Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Forum Financial Management LP lifted its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 30.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,570 shares of the semiconductor company's stock after acquiring an additional 1,986 shares during the quarter. Forum Financial Management LP's holdings in Texas Instruments were worth $1,607,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of TXN. Griffith & Werner Inc. acquired a new position in Texas Instruments in the fourth quarter valued at $493,000. Sunbeam Capital Management LLC acquired a new position in Texas Instruments in the fourth quarter valued at $135,000. GF Fund Management CO. LTD. acquired a new position in Texas Instruments in the fourth quarter valued at $32,418,000. Pinney & Scofield Inc. acquired a new position in Texas Instruments in the fourth quarter valued at $69,000. Finally, Neo Ivy Capital Management acquired a new position in Texas Instruments in the fourth quarter valued at $1,938,000. Hedge funds and other institutional investors own 84.99% of the company's stock.

Texas Instruments Stock Performance

NASDAQ:TXN traded up $0.84 during mid-day trading on Thursday, reaching $184.99. The stock had a trading volume of 4,525,649 shares, compared to its average volume of 6,305,583. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.88 and a current ratio of 4.12. The firm has a market capitalization of $168.06 billion, a price-to-earnings ratio of 35.64, a PEG ratio of 3.30 and a beta of 0.97. Texas Instruments Incorporated has a twelve month low of $139.95 and a twelve month high of $220.39. The business has a 50 day simple moving average of $168.01 and a 200 day simple moving average of $183.11.

Texas Instruments (NASDAQ:TXN - Get Free Report) last issued 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. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. The company had revenue of $4.07 billion during the quarter, compared to analysts' expectations of $3.91 billion. During the same period last year, the company posted $1.10 earnings per share. The firm's quarterly revenue was up 11.1% compared to the same quarter last year. On average, analysts expect that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Wednesday, April 30th were issued 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 2.94%. Texas Instruments's dividend payout ratio (DPR) is presently 103.23%.

Wall Street Analysts Forecast Growth

TXN has been the subject of several research analyst reports. Citigroup decreased their price objective on shares of Texas Instruments from $235.00 to $210.00 and set a "buy" rating for the company in a research note on Friday, April 11th. UBS Group decreased their target price on shares of Texas Instruments from $225.00 to $215.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Mizuho set a $170.00 target price on shares of Texas Instruments in a research note 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. Finally, KeyCorp decreased their target price on shares of Texas Instruments from $250.00 to $215.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $189.41.

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.