HF Advisory Group LLC Boosts Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

HF Advisory Group LLC lifted its position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 16.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,953 shares of the semiconductor company's stock after purchasing an additional 1,409 shares during the period. HF Advisory Group LLC's holdings in Texas Instruments were worth $1,789,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in TXN. Norges Bank purchased a new stake in Texas Instruments during the 4th quarter worth about $2,584,490,000. GAMMA Investing LLC lifted its position in 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 buying an additional 3,406,386 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Texas Instruments by 11.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 21,487,468 shares of the semiconductor company's stock worth $4,029,115,000 after acquiring an additional 2,237,035 shares during the last quarter. Invesco Ltd. grew its stake in shares of Texas Instruments by 15.4% during the 4th quarter. Invesco Ltd. now owns 11,893,157 shares of the semiconductor company's stock valued at $2,230,086,000 after buying an additional 1,587,036 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in Texas Instruments during the fourth quarter valued at about $295,665,000. Institutional investors and hedge funds own 84.99% of the company's stock.

Analyst Ratings Changes

TXN has been the subject of several analyst reports. JPMorgan Chase & Co. decreased their target price on Texas Instruments from $230.00 to $195.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Sanford C. Bernstein raised Texas Instruments from a "strong sell" rating to a "hold" rating in a report on Thursday. Baird R W raised shares of Texas Instruments from a "hold" rating to a "strong-buy" rating in a report on Monday, April 7th. Truist Financial cut their price target on Texas Instruments from $195.00 to $171.00 and set a "hold" rating on the stock in a report on Thursday, April 24th. Finally, Seaport Res Ptn upgraded shares of Texas Instruments to a "strong sell" rating in a research report on Wednesday, April 30th. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, nine have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $189.41.

Texas Instruments Stock Performance

TXN stock traded up $1.93 on Friday, hitting $192.42. The company had a trading volume of 5,338,058 shares, compared to its average volume of 6,330,206. The stock has a market cap of $174.81 billion, a price-to-earnings ratio of 37.08, a P/E/G ratio of 3.30 and a beta of 0.97. The company has a current ratio of 4.12, a quick ratio of 2.88 and a debt-to-equity ratio of 0.76. The stock's 50-day simple moving average is $168.59 and its 200 day simple moving average is $182.22. Texas Instruments Incorporated has a 12-month low of $139.95 and a 12-month high of $220.39.

Texas Instruments (NASDAQ:TXN - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 EPS for the quarter, topping the consensus estimate of $1.06 by $0.22. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. The business had revenue of $4.07 billion for the quarter, compared to analysts' expectations of $3.91 billion. During the same quarter in the previous year, the company earned $1.10 EPS. The business's quarterly revenue was up 11.1% compared to the same quarter last year. As a group, equities research analysts expect that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The company 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. This represents a $5.44 annualized dividend and a dividend yield of 2.83%. The ex-dividend date was Wednesday, April 30th. Texas Instruments's dividend payout ratio is 103.23%.

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.