IFM Investors Pty Ltd Raises Stake in Texas Instruments Incorporated (NASDAQ:TXN)

IFM Investors Pty Ltd raised its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 8.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 194,775 shares of the semiconductor company's stock after buying an additional 15,729 shares during the quarter. IFM Investors Pty Ltd's holdings in Texas Instruments were worth $35,001,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in TXN. Promus Capital LLC purchased a new stake in Texas Instruments in the 4th quarter worth approximately $25,000. Summit Securities Group LLC bought a new stake in shares of Texas Instruments in the 4th quarter valued at approximately $27,000. Copia Wealth Management bought a new stake in shares of Texas Instruments in the 4th quarter worth about $30,000. Quintet Private Bank Europe S.A. bought a new stake in shares of Texas Instruments during the 1st quarter worth approximately $34,000. Finally, Atala Financial Inc purchased a new position in Texas Instruments in the 4th quarter worth about $37,000. Institutional investors own 84.99% of the company's stock.

Texas Instruments Trading Down 0.0%

TXN opened at $215.57 on Friday. The company's 50 day moving average price is $187.43 and its two-hundred day moving average price is $183.10. The company has a debt-to-equity ratio of 0.78, a current ratio of 5.26 and a quick ratio of 3.37. Texas Instruments Incorporated has a fifty-two week low of $139.95 and a fifty-two week high of $220.39. The firm has a market capitalization of $195.83 billion, a price-to-earnings ratio of 40.90, a PEG ratio of 3.51 and a beta of 1.03.

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

Texas Instruments Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Wednesday, April 30th were given a dividend of $1.36 per share. The ex-dividend date was Wednesday, April 30th. This represents a $5.44 annualized dividend and a yield of 2.52%. Texas Instruments's payout ratio is presently 103.23%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on TXN shares. Morgan Stanley reiterated an "underweight" rating and issued a $148.00 price target (up from $146.00) on shares of Texas Instruments in a report on Thursday, April 24th. Arete initiated coverage on shares of Texas Instruments in a research note on Thursday, June 26th. They set a "neutral" rating and a $203.80 price target on the stock. JPMorgan Chase & Co. dropped their price target on Texas Instruments from $230.00 to $195.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Wells Fargo & Company set a $190.00 price objective on Texas Instruments and gave the company an "equal weight" rating in a research note on Monday, June 16th. Finally, Arete Research raised Texas Instruments to a "hold" rating in a research report on Thursday, June 26th. Four investment analysts have rated the stock with a sell rating, sixteen have given a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $191.49.

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.

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