Texas Instruments Incorporated (NASDAQ:TXN) Shares Bought by Jennison Associates LLC

Jennison Associates LLC grew its holdings in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 2,898.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,214,471 shares of the semiconductor company's stock after acquiring an additional 2,140,605 shares during the quarter. Jennison Associates LLC owned 0.24% of Texas Instruments worth $397,940,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of TXN. Mizuho Securities USA LLC grew its position in Texas Instruments by 46.0% during the 4th quarter. Mizuho Securities USA LLC now owns 86,457 shares of the semiconductor company's stock worth $16,212,000 after purchasing an additional 27,251 shares during the period. Brighton Jones LLC raised its position in Texas Instruments by 33.4% during the fourth quarter. Brighton Jones LLC now owns 16,840 shares of the semiconductor company's stock valued at $3,158,000 after acquiring an additional 4,218 shares in the last quarter. JARISLOWSKY FRASER Ltd boosted its position in Texas Instruments by 7.4% in the 4th quarter. JARISLOWSKY FRASER Ltd now owns 2,390 shares of the semiconductor company's stock worth $448,000 after purchasing an additional 165 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of Texas Instruments by 2.3% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 495,548 shares of the semiconductor company's stock worth $89,050,000 after purchasing an additional 11,057 shares during the period. Finally, GAMMA Investing LLC increased its holdings in shares of Texas Instruments by 21.8% during the 1st quarter. GAMMA Investing LLC now owns 19,043 shares of the semiconductor company's stock valued at $3,422,000 after purchasing an additional 3,402 shares in the last quarter. Hedge funds and other institutional investors own 84.99% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on TXN. Sanford C. Bernstein upgraded Texas Instruments from a "strong sell" rating to a "hold" rating in a research report on Thursday, June 5th. Benchmark decreased their target price on Texas Instruments from $230.00 to $200.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. KeyCorp upped their price objective on shares of Texas Instruments from $215.00 to $240.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 8th. Morgan Stanley reaffirmed an "underweight" rating and set a $148.00 price objective (up from $146.00) on shares of Texas Instruments in a report on Thursday, April 24th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Texas Instruments from $230.00 to $195.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $204.87.

Texas Instruments Stock Up 0.0%

Shares of TXN stock traded up $0.03 during trading hours on Friday, reaching $216.62. 4,535,481 shares of the stock were exchanged, compared to its average volume of 6,459,902. The business's fifty day moving average is $198.46 and its two-hundred day moving average is $185.06. The firm has a market capitalization of $196.79 billion, a P/E ratio of 41.10, a P/E/G ratio of 3.53 and a beta of 1.03. Texas Instruments Incorporated has a 12-month low of $139.95 and a 12-month high of $221.69. 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 (NASDAQ:TXN - Get Free Report) last announced its quarterly earnings data 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 net margin of 30.36% and a return on equity of 28.75%. The business had revenue of $4.07 billion for the quarter, compared to analyst estimates of $3.91 billion. During the same period last year, the business earned $1.10 EPS. The company's revenue was up 11.1% on a year-over-year basis. As a group, research analysts expect that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 12th. Stockholders of record on Thursday, July 31st will be issued a $1.36 dividend. The ex-dividend date of this dividend is Thursday, July 31st. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.51%. Texas Instruments's payout ratio is 103.23%.

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.