Gibraltar Capital Management Inc. Acquires Shares of 19,499 Texas Instruments Incorporated (NASDAQ:TXN)

Gibraltar Capital Management Inc. acquired a new stake in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 19,499 shares of the semiconductor company's stock, valued at approximately $3,504,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Gerber Kawasaki Wealth & Investment Management boosted its position in shares of Texas Instruments by 1.8% in the 4th quarter. Gerber Kawasaki Wealth & Investment Management now owns 3,187 shares of the semiconductor company's stock worth $598,000 after buying an additional 56 shares in the last quarter. Voya Financial Advisors Inc. raised its position in shares of Texas Instruments by 1.6% during the 4th quarter. Voya Financial Advisors Inc. now owns 3,649 shares of the semiconductor company's stock worth $686,000 after purchasing an additional 58 shares during the last quarter. Dunhill Financial LLC lifted its stake in Texas Instruments by 3.7% in the 4th quarter. Dunhill Financial LLC now owns 1,707 shares of the semiconductor company's stock valued at $320,000 after buying an additional 61 shares in the last quarter. Prestige Wealth Management Group LLC grew its holdings in Texas Instruments by 3.7% during the 4th quarter. Prestige Wealth Management Group LLC now owns 1,745 shares of the semiconductor company's stock valued at $327,000 after buying an additional 62 shares during the last quarter. Finally, Main Street Research LLC increased its position in Texas Instruments by 3.1% during the fourth quarter. Main Street Research LLC now owns 2,110 shares of the semiconductor company's stock worth $396,000 after buying an additional 63 shares in the last quarter. 84.99% of the stock is owned by institutional investors and hedge funds.

Texas Instruments Stock Down 1.2%

Shares of NASDAQ:TXN traded down $2.61 during mid-day trading on Monday, hitting $213.41. 5,220,687 shares of the company traded hands, compared to its average volume of 6,437,998. The firm's 50 day simple moving average is $188.48 and its 200 day simple moving average is $183.27. The firm has a market cap of $193.88 billion, a P/E ratio of 40.50, a PEG ratio of 3.52 and a beta of 1.03. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.37 and a current ratio of 5.26. Texas Instruments Incorporated has a 52-week low of $139.95 and a 52-week high of $220.39.

Texas Instruments (NASDAQ:TXN - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $4.07 billion for the quarter, compared to analyst estimates of $3.91 billion. Texas Instruments had a net margin of 30.36% and a return on equity of 28.75%. The business's quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.10 earnings per share. On average, equities analysts anticipate that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Dividend Announcement

The company also recently disclosed 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 was Wednesday, April 30th. This represents a $5.44 dividend on an annualized basis and a yield of 2.55%. Texas Instruments's dividend payout ratio is currently 103.23%.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. KeyCorp reduced their price objective on Texas Instruments from $250.00 to $215.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. UBS Group upped their target price on shares of Texas Instruments from $215.00 to $245.00 and gave the company a "buy" rating in a report on Monday. TD Cowen raised their price target on shares of Texas Instruments from $160.00 to $200.00 and gave the stock a "hold" rating in a research note on Wednesday, June 25th. TD Securities reissued a "hold" rating and set a $160.00 price objective on shares of Texas Instruments in a research note on Thursday, April 24th. Finally, Baird R W raised shares of Texas Instruments from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 7th. Four equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $194.41.

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.