Fulton Breakefield Broenniman LLC Has $1.67 Million Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Fulton Breakefield Broenniman LLC cut its position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 81.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 9,280 shares of the semiconductor company's stock after selling 40,411 shares during the quarter. Fulton Breakefield Broenniman LLC's holdings in Texas Instruments were worth $1,668,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Summit Securities Group LLC acquired a new position in shares of Texas Instruments in the 4th quarter worth $27,000. Cloud Capital Management LLC acquired a new position in shares of Texas Instruments in the 1st quarter worth $28,000. Copia Wealth Management acquired a new position in shares of Texas Instruments in the 4th quarter worth $30,000. Quintet Private Bank Europe S.A. acquired a new position in shares of Texas Instruments in the 1st quarter worth $34,000. Finally, Atala Financial Inc acquired a new position in shares of Texas Instruments in the 4th quarter worth $37,000. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Texas Instruments Stock Up 0.7%

Shares of NASDAQ:TXN traded up $1.59 on Friday, reaching $221.25. The company had a trading volume of 5,394,922 shares, compared to its average volume of 6,463,632. Texas Instruments Incorporated has a twelve month low of $139.95 and a twelve month high of $221.69. The stock has a 50-day moving average price of $194.11 and a 200 day moving average price of $184.26. The stock has a market capitalization of $201.00 billion, a P/E ratio of 41.98, a P/E/G ratio of 3.60 and a beta of 1.03. The company has a quick ratio of 3.37, a current ratio of 5.26 and a debt-to-equity ratio of 0.78.

Texas Instruments (NASDAQ:TXN - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share for the quarter, topping analysts' consensus estimates of $1.06 by $0.22. Texas Instruments had a return on equity of 28.75% and a net margin of 30.36%. The company had revenue of $4.07 billion during the quarter, compared to analysts' expectations of $3.91 billion. During the same quarter in the previous year, the firm earned $1.10 earnings per share. The business's quarterly revenue was up 11.1% compared to the same quarter last year. On average, equities analysts expect that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 13th. Investors of record on Wednesday, April 30th were given a dividend of $1.36 per share. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $5.44 annualized dividend and a dividend yield of 2.46%. Texas Instruments's dividend payout ratio is presently 103.23%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on TXN shares. Citigroup lifted their target price on Texas Instruments from $220.00 to $260.00 and gave the stock a "buy" rating in a report on Monday, July 7th. Cowen reiterated a "hold" rating on shares of Texas Instruments in a report on Wednesday, June 25th. Benchmark lowered their price target on Texas Instruments from $230.00 to $200.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Mizuho lifted their price target on Texas Instruments from $170.00 to $205.00 and gave the company a "neutral" rating in a report on Tuesday, July 8th. Finally, Arete started coverage on Texas Instruments in a report on Thursday, June 26th. They set a "neutral" rating and a $203.80 price target on the stock. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Texas Instruments presently has an average rating of "Hold" and a consensus price target of $202.08.

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.