Inscription Capital LLC Buys New Shares in Texas Instruments Incorporated (NASDAQ:TXN)

Inscription Capital LLC acquired a new stake in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 3,574 shares of the semiconductor company's stock, valued at approximately $623,000.

A number of other hedge funds have also modified their holdings of TXN. Grimes & Company Inc. grew its stake in Texas Instruments by 32.5% during the first quarter. Grimes & Company Inc. now owns 30,280 shares of the semiconductor company's stock worth $5,441,000 after buying an additional 7,431 shares during the last quarter. QRG Capital Management Inc. grew its position in Texas Instruments by 25.3% during the 1st quarter. QRG Capital Management Inc. now owns 120,101 shares of the semiconductor company's stock worth $21,582,000 after acquiring an additional 24,279 shares during the last quarter. Sagespring Wealth Partners LLC increased its holdings in Texas Instruments by 15.5% during the 1st quarter. Sagespring Wealth Partners LLC now owns 13,590 shares of the semiconductor company's stock valued at $2,442,000 after purchasing an additional 1,819 shares in the last quarter. Precedent Wealth Partners LLC raised its position in Texas Instruments by 24.6% in the 1st quarter. Precedent Wealth Partners LLC now owns 8,164 shares of the semiconductor company's stock valued at $1,467,000 after purchasing an additional 1,613 shares during the last quarter. Finally, Adero Partners LLC boosted its stake in Texas Instruments by 3.6% in the first quarter. Adero Partners LLC now owns 4,121 shares of the semiconductor company's stock worth $740,000 after purchasing an additional 142 shares in the last quarter. 84.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TXN has been the subject of a number of research reports. Seaport Res Ptn upgraded Texas Instruments to a "strong sell" rating in a research note on Wednesday, April 30th. Rosenblatt Securities restated a "buy" rating and issued a $216.00 price objective on shares of Texas Instruments in a research report on Thursday, April 24th. Citigroup boosted their target price on shares of Texas Instruments from $210.00 to $220.00 and gave the stock a "buy" rating in a research note on Monday, June 9th. Barclays cut shares of Texas Instruments from an "equal weight" rating to an "underweight" rating and decreased their price target for the company from $180.00 to $125.00 in a research note on Tuesday, April 22nd. Finally, Cantor Fitzgerald lowered their price target on shares of Texas Instruments from $200.00 to $170.00 and set a "neutral" rating for the company in a report on Thursday, April 24th. Four analysts have rated the stock with a sell rating, twelve have given a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $190.55.

Texas Instruments Trading Up 0.3%

NASDAQ:TXN traded up $0.66 during trading hours on Thursday, hitting $198.35. The stock had a trading volume of 3,741,956 shares, compared to its average volume of 6,382,902. The business's 50 day moving average is $175.12 and its 200-day moving average is $182.12. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.37 and a current ratio of 5.26. The company has a market cap of $180.20 billion, a price-to-earnings ratio of 37.64, a P/E/G ratio of 3.23 and a beta of 1.00. Texas Instruments Incorporated has a one year low of $139.95 and a one year high of $220.39.

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 for the quarter, topping analysts' consensus estimates of $1.06 by $0.22. The firm had revenue of $4.07 billion during 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 company's revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.10 EPS. Sell-side analysts anticipate that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 13th. Stockholders 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 dividend yield of 2.74%. Texas Instruments's dividend payout ratio (DPR) is presently 103.23%.

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.