Texas Instruments Incorporated (NASDAQ:TXN) Shares Purchased by Heartland Advisors Inc.

Key Points

• Heartland Advisors Inc. increased its stake in Texas Instruments by 35.3% during the first quarter, bringing its total holdings to 14,707 shares valued at approximately $2.64 million.
• Texas Instruments reported earnings per share (EPS) of $1.41 for the last quarter, exceeding the consensus estimate of $1.32, with a revenue increase of 16.4% year-over-year.
• The company announced a quarterly dividend of $1.36 per share, leading to an annualized dividend yield of 2.94%, with a high dividend payout ratio of 99.63%.

Heartland Advisors Inc. increased its position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 35.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 14,707 shares of the semiconductor company's stock after buying an additional 3,839 shares during the period. Heartland Advisors Inc.'s holdings in Texas Instruments were worth $2,643,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in TXN. GAMMA Investing LLC grew its position in shares of Texas Instruments by 21,778.6% during the first quarter. GAMMA Investing LLC now owns 3,422,027 shares of the semiconductor company's stock worth $614,938,000 after acquiring an additional 3,406,386 shares during the last quarter. Jennison Associates LLC grew its position in shares of Texas Instruments by 2,898.0% during the first quarter. Jennison Associates LLC now owns 2,214,471 shares of the semiconductor company's stock worth $397,940,000 after acquiring an additional 2,140,605 shares during the last quarter. Invesco Ltd. grew its position in shares of Texas Instruments by 15.4% during the fourth quarter. Invesco Ltd. now owns 11,893,157 shares of the semiconductor company's stock worth $2,230,086,000 after acquiring an additional 1,587,036 shares during the last quarter. Rothschild & Co Wealth Management UK Ltd grew its position in shares of Texas Instruments by 1,000.6% during the first quarter. Rothschild & Co Wealth Management UK Ltd now owns 1,287,734 shares of the semiconductor company's stock worth $231,406,000 after acquiring an additional 1,170,728 shares during the last quarter. Finally, Northern Trust Corp grew its position in shares of Texas Instruments by 12.2% during the fourth quarter. Northern Trust Corp now owns 10,398,010 shares of the semiconductor company's stock worth $1,949,731,000 after acquiring an additional 1,132,187 shares during the last quarter. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Texas Instruments Price Performance

Texas Instruments stock traded down $1.61 during midday trading on Wednesday, reaching $189.78. 1,966,145 shares of the company were exchanged, compared to its average volume of 7,356,921. The company has a market capitalization of $172.40 billion, a price-to-earnings ratio of 34.69, a P/E/G ratio of 3.10 and a beta of 1.03. The firm's 50-day simple moving average is $200.37 and its 200-day simple moving average is $185.46. Texas Instruments Incorporated has a 1 year low of $139.95 and a 1 year high of $221.69. The company has a debt-to-equity ratio of 0.86, a quick ratio of 3.88 and a current ratio of 5.81.

Texas Instruments (NASDAQ:TXN - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The semiconductor company reported $1.41 EPS for the quarter, topping analysts' consensus estimates of $1.32 by $0.09. The firm had revenue of $4.45 billion during the quarter, compared to analysts' expectations of $4.31 billion. Texas Instruments had a return on equity of 30.10% and a net margin of 30.23%. The firm's quarterly revenue was up 16.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.17 EPS. On average, analysts anticipate that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 12th. Shareholders of record on Thursday, July 31st will be issued a $1.36 dividend. This represents a $5.44 annualized dividend and a yield of 2.87%. The ex-dividend date is Thursday, July 31st. Texas Instruments's dividend payout ratio (DPR) is 99.63%.

Analyst Ratings Changes

A number of research firms recently weighed in on TXN. Wells Fargo & Company lowered their price objective on shares of Texas Instruments from $215.00 to $195.00 and set an "equal weight" rating on the stock in a research report on Wednesday, July 23rd. Citigroup reiterated a "buy" rating on shares of Texas Instruments in a research report on Tuesday, July 22nd. Mizuho lowered their price objective on shares of Texas Instruments from $205.00 to $200.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 23rd. Sanford C. Bernstein upgraded shares of Texas Instruments from a "strong sell" rating to a "hold" rating in a research report on Thursday, June 5th. Finally, UBS Group set a $255.00 target price on Texas Instruments in a report on Tuesday, July 22nd. Four equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $212.21.

About Texas Instruments

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.