Inscription Capital LLC Buys Shares of 3,574 Texas Instruments Incorporated (NASDAQ:TXN)

Inscription Capital LLC acquired a new stake in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (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 the company. Vanguard Group Inc. increased its holdings in shares of Texas Instruments by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 93,567,277 shares of the semiconductor company's stock valued at $17,544,800,000 after purchasing an additional 649,620 shares during the period. Geode Capital Management LLC increased its holdings in shares of Texas Instruments by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 21,554,142 shares of the semiconductor company's stock valued at $4,032,599,000 after purchasing an additional 267,352 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Texas Instruments by 11.6% during 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 period. Norges Bank acquired a new stake in Texas Instruments during the fourth quarter worth about $2,584,490,000. Finally, Alliancebernstein L.P. grew its holdings in Texas Instruments by 6.9% during the fourth quarter. Alliancebernstein L.P. now owns 12,706,971 shares of the semiconductor company's stock worth $2,382,684,000 after acquiring an additional 822,797 shares during the period. 84.99% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently commented on TXN. KeyCorp dropped their target price on Texas Instruments from $250.00 to $215.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. TD Securities reaffirmed a "hold" rating and set a $160.00 target price on shares of Texas Instruments in a report on Thursday, April 24th. Barclays lowered Texas Instruments from an "equal weight" rating to an "underweight" rating and dropped their target price for the stock from $180.00 to $125.00 in a report on Tuesday, April 22nd. JPMorgan Chase & Co. dropped their target price on Texas Instruments from $230.00 to $195.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Finally, Sanford C. Bernstein raised Texas Instruments from a "strong sell" rating to a "hold" rating in a report on Thursday, June 5th. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Texas Instruments currently has a consensus rating of "Hold" and a consensus price target of $190.55.

Texas Instruments Trading Down 0.1%

Texas Instruments stock traded down $0.15 during trading on Friday, reaching $198.20. 12,890,749 shares of the company were exchanged, compared to its average volume of 6,388,167. Texas Instruments Incorporated has a 52-week low of $139.95 and a 52-week high of $220.39. The company has a market capitalization of $180.06 billion, a P/E ratio of 37.61, a PEG ratio of 3.23 and a beta of 1.00. The company has a debt-to-equity ratio of 0.78, a current ratio of 5.26 and a quick ratio of 3.37. The stock's 50 day simple moving average is $176.97 and its two-hundred day simple moving average is $182.00.

Texas Instruments (NASDAQ:TXN - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported $1.28 EPS for the quarter, topping analysts' consensus estimates of $1.06 by $0.22. Texas Instruments had a return on equity of 28.75% and a net margin of 30.36%. The firm had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $3.91 billion. During the same quarter last year, the business posted $1.10 earnings per share. The firm's revenue was up 11.1% compared to the same quarter last year. On average, 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 business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 13th. Investors of record on Wednesday, April 30th were given a dividend of $1.36 per share. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $5.44 dividend on an annualized basis and a yield of 2.74%. Texas Instruments's 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.