Janney Capital Management LLC Increases Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Janney Capital Management LLC increased its position in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 29.0% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 71,715 shares of the semiconductor company's stock after acquiring an additional 16,118 shares during the period. Janney Capital Management LLC's holdings in Texas Instruments were worth $12,887,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the company. Gerber Kawasaki Wealth & Investment Management lifted its holdings in shares of Texas Instruments by 1.8% in the 4th quarter. Gerber Kawasaki Wealth & Investment Management now owns 3,187 shares of the semiconductor company's stock valued at $598,000 after buying an additional 56 shares during the period. Voya Financial Advisors Inc. increased its stake in shares of Texas Instruments by 1.6% in the 4th quarter. Voya Financial Advisors Inc. now owns 3,649 shares of the semiconductor company's stock valued at $686,000 after purchasing an additional 58 shares in the last quarter. Dunhill Financial LLC increased its stake in shares of Texas Instruments by 3.7% in the 4th quarter. Dunhill Financial LLC now owns 1,707 shares of the semiconductor company's stock valued at $320,000 after purchasing an additional 61 shares in the last quarter. Prestige Wealth Management Group LLC increased its stake in shares of Texas Instruments by 3.7% in the 4th quarter. Prestige Wealth Management Group LLC now owns 1,745 shares of the semiconductor company's stock valued at $327,000 after purchasing an additional 62 shares in the last quarter. Finally, Main Street Research LLC increased its stake in shares of Texas Instruments by 3.1% in the 4th quarter. Main Street Research LLC now owns 2,110 shares of the semiconductor company's stock valued at $396,000 after purchasing an additional 63 shares in the last quarter. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on TXN. Argus upgraded Texas Instruments to a "strong-buy" rating in a research note on Friday, April 25th. Robert W. Baird upgraded Texas Instruments from a "neutral" rating to an "outperform" rating and set a $175.00 price target for the company in a research note on Monday, April 7th. Morgan Stanley restated an "underweight" rating and issued a $148.00 price target (up previously from $146.00) on shares of Texas Instruments in a research note on Thursday, April 24th. DZ Bank upgraded Texas Instruments from a "sell" rating to a "hold" rating and set a $163.00 price target for the company in a research note on Friday, April 25th. Finally, Wells Fargo & Company boosted their price objective on Texas Instruments from $175.00 to $190.00 and gave the stock an "equal weight" rating in a research note on Monday. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $191.91.

Texas Instruments Stock Up 0.3%

Texas Instruments stock opened at $198.35 on Thursday. Texas Instruments Incorporated has a 1-year low of $139.95 and a 1-year high of $220.39. 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 has a market cap of $180.20 billion, a PE ratio of 37.64, a P/E/G ratio of 3.22 and a beta of 1.00. The stock's fifty day moving average is $175.12 and its two-hundred day moving average is $182.12.

Texas Instruments (NASDAQ:TXN - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share for the quarter, beating 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 company had revenue of $4.07 billion for the quarter, compared to analysts' expectations of $3.91 billion. During the same period last year, the firm earned $1.10 earnings per share. Texas Instruments's quarterly revenue was up 11.1% on a year-over-year basis. On average, sell-side analysts expect that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Wednesday, April 30th were paid a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date was Wednesday, April 30th. Texas Instruments's dividend payout ratio 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.

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