Texas Instruments Incorporated (NASDAQ:TXN) Shares Acquired by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC raised its position in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 2.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 179,830 shares of the semiconductor company's stock after purchasing an additional 3,601 shares during the quarter. Janney Montgomery Scott LLC's holdings in Texas Instruments were worth $32,316,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in TXN. Brighton Jones LLC lifted its position in Texas Instruments by 33.4% in the fourth quarter. Brighton Jones LLC now owns 16,840 shares of the semiconductor company's stock valued at $3,158,000 after buying an additional 4,218 shares during the last quarter. Union Bancaire Privee UBP SA acquired a new position in Texas Instruments during the 4th quarter worth about $6,544,000. Bank Pictet & Cie Europe AG boosted its holdings in Texas Instruments by 14.8% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 138,350 shares of the semiconductor company's stock valued at $25,942,000 after acquiring an additional 17,840 shares during the period. Congress Asset Management Co. purchased a new position in Texas Instruments during the 4th quarter valued at about $1,329,000. Finally, Principal Securities Inc. grew its position in Texas Instruments by 16.5% in the 4th quarter. Principal Securities Inc. now owns 16,849 shares of the semiconductor company's stock valued at $3,159,000 after acquiring an additional 2,387 shares in the last quarter. Hedge funds and other institutional investors own 84.99% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on TXN. Cantor Fitzgerald dropped their price objective 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. Summit Insights downgraded shares of Texas Instruments from a "buy" rating to a "hold" rating in a research note on Thursday, April 24th. Baird R W upgraded Texas Instruments from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 7th. Robert W. Baird upgraded Texas Instruments from a "neutral" rating to an "outperform" rating and set a $175.00 target price for the company in a report on Monday, April 7th. Finally, TD Securities restated a "hold" rating and set a $160.00 price target on shares of Texas Instruments in a report on Thursday, April 24th. Four equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $190.55.

Texas Instruments Stock Performance

Shares of TXN traded up $0.66 during midday trading on Thursday, reaching $198.35. 3,741,956 shares of the stock were exchanged, compared to its average volume of 6,382,902. Texas Instruments Incorporated has a twelve month low of $139.95 and a twelve month 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 company has a market capitalization of $180.20 billion, a price-to-earnings ratio of 37.64, a PEG ratio of 3.23 and a beta of 1.00. The business's 50-day moving average price is $175.12 and its 200 day moving average price is $182.12.

Texas Instruments (NASDAQ:TXN - Get Free Report) last released 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 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 analyst estimates of $3.91 billion. During the same quarter in the previous year, the company posted $1.10 earnings per share. The firm's revenue was up 11.1% compared to the same quarter last year. 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. Investors of record on Wednesday, April 30th were paid a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date of this dividend was Wednesday, April 30th. Texas Instruments's dividend payout ratio is currently 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.