Johnson Investment Counsel Inc. Purchases 1,727 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Johnson Investment Counsel Inc. lifted its position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 7.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,017 shares of the semiconductor company's stock after purchasing an additional 1,727 shares during the period. Johnson Investment Counsel Inc.'s holdings in Texas Instruments were worth $4,496,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank bought a new stake in shares of Texas Instruments in the 4th quarter valued at about $2,584,490,000. GAMMA Investing LLC boosted its holdings in Texas Instruments by 21,778.6% in the first quarter. GAMMA Investing LLC now owns 3,422,027 shares of the semiconductor company's stock valued at $614,938,000 after acquiring an additional 3,406,386 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Texas Instruments by 11.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 21,487,468 shares of the semiconductor company's stock valued at $4,029,115,000 after acquiring an additional 2,237,035 shares during the last quarter. Invesco Ltd. increased its position in Texas Instruments by 15.4% during the 4th quarter. Invesco Ltd. now owns 11,893,157 shares of the semiconductor company's stock valued at $2,230,086,000 after purchasing an additional 1,587,036 shares during the period. Finally, Raymond James Financial Inc. bought a new position in Texas Instruments during the 4th quarter worth approximately $295,665,000. Institutional investors and hedge funds own 84.99% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on TXN shares. Sanford C. Bernstein raised shares of Texas Instruments from a "strong sell" rating to a "hold" rating in a research note on Thursday, June 5th. TD Securities reaffirmed a "hold" rating and set a $160.00 price target on shares of Texas Instruments in a research report on Thursday, April 24th. Benchmark lowered their price objective on Texas Instruments from $230.00 to $200.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Robert W. Baird raised Texas Instruments from a "neutral" rating to an "outperform" rating and set a $175.00 price objective on the stock in a research note on Monday, April 7th. Finally, Cantor Fitzgerald decreased their target price on Texas Instruments from $200.00 to $170.00 and set a "neutral" rating for the company in a research note on Thursday, April 24th. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Texas Instruments currently has an average rating of "Hold" and an average target price of $190.55.

Texas Instruments Stock Performance

Shares of TXN opened at $198.35 on Friday. The firm has a market capitalization of $180.20 billion, a P/E ratio of 37.64, a P/E/G ratio of 3.23 and a beta of 1.00. Texas Instruments Incorporated has a 52 week low of $139.95 and a 52 week high of $220.39. The stock has a 50 day moving average price of $175.96 and a two-hundred day moving average price of $182.10. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.37 and a current ratio of 5.26.

Texas Instruments (NASDAQ:TXN - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.22. The business had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $3.91 billion. Texas Instruments had a return on equity of 28.75% and a net margin of 30.36%. Texas Instruments's revenue was up 11.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.10 earnings per share. Equities analysts forecast that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The company also recently announced 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 of this dividend was Wednesday, April 30th. This represents a $5.44 annualized dividend and a dividend yield of 2.74%. Texas Instruments's dividend payout ratio is currently 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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