FourThought Financial Partners LLC Raises Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Key Points

• FourThought Financial Partners LLC increased its position in Texas Instruments by 2.3%, owning 75,514 shares valued at approximately $13.57 million, making it the firm's 20th largest holding.
• A majority of institutional investors own around 84.99% of Texas Instruments' stock, indicating strong institutional confidence in the company.
• Texas Instruments announced a quarterly dividend of $1.36 per share, yielding 2.94%, with the next payment scheduled for August 12th.

FourThought Financial Partners LLC raised its position in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 2.3% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 75,514 shares of the semiconductor company's stock after acquiring an additional 1,663 shares during the period. Texas Instruments makes up 1.4% of FourThought Financial Partners LLC's investment portfolio, making the stock its 20th largest holding. FourThought Financial Partners LLC's holdings in Texas Instruments were worth $13,570,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Summit Securities Group LLC acquired a new stake in shares of Texas Instruments during the fourth quarter worth $27,000. Cloud Capital Management LLC bought a new position in Texas Instruments during the first quarter valued at approximately $28,000. Copia Wealth Management bought a new position in shares of Texas Instruments in the fourth quarter valued at approximately $30,000. Quintet Private Bank Europe S.A. bought a new position in Texas Instruments during the first quarter worth $34,000. Finally, Park Square Financial Group LLC acquired a new stake in Texas Instruments during the fourth quarter worth $41,000. Institutional investors and hedge funds own 84.99% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on TXN. UBS Group set a $255.00 target price on Texas Instruments in a research note on Tuesday, July 22nd. DZ Bank reissued a "sell" rating and issued a $158.00 price target on shares of Texas Instruments in a research note on Wednesday, July 23rd. TD Securities reiterated a "hold" rating and set a $160.00 price target on shares of Texas Instruments in a report on Thursday, April 24th. JPMorgan Chase & Co. increased 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. Finally, Benchmark raised their price objective on Texas Instruments from $200.00 to $220.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. Four equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $212.21.

Texas Instruments Trading Down 0.8%

NASDAQ TXN traded down $1.55 on Wednesday, reaching $189.83. The stock had a trading volume of 2,309,082 shares, compared to its average volume of 7,359,777. Texas Instruments Incorporated has a 12-month low of $139.95 and a 12-month high of $221.69. The stock has a fifty day moving average price of $200.37 and a two-hundred day moving average price of $185.46. The company has a quick ratio of 3.88, a current ratio of 5.81 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $172.45 billion, a price-to-earnings ratio of 34.81, a P/E/G ratio of 3.10 and a beta of 1.03.

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

Texas Instruments Announces Dividend

The business also recently disclosed 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 of this dividend is Thursday, July 31st. This represents a $5.44 annualized dividend and a yield of 2.87%. Texas Instruments's dividend payout ratio is presently 99.63%.

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.