KG&L Capital Management LLC Acquires Shares of 1,313 Texas Instruments Incorporated (NASDAQ:TXN)

KG&L Capital Management LLC acquired a new stake in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,313 shares of the semiconductor company's stock, valued at approximately $236,000.

Several other large investors also recently bought and sold shares of TXN. Vanguard Group Inc. boosted its stake in shares of Texas Instruments by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 93,567,277 shares of the semiconductor company's stock worth $17,544,800,000 after buying an additional 649,620 shares during the period. Geode Capital Management LLC boosted its stake in shares of Texas Instruments by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 21,554,142 shares of the semiconductor company's stock worth $4,032,599,000 after buying an additional 267,352 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of 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 buying an additional 2,237,035 shares during the period. Norges Bank acquired a new stake in shares of Texas Instruments during the fourth quarter worth about $2,584,490,000. Finally, Alliancebernstein L.P. boosted its stake in shares of 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 buying an additional 822,797 shares during the period. Institutional investors and hedge funds own 84.99% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on TXN shares. Robert W. Baird upgraded shares of Texas Instruments from a "neutral" rating to an "outperform" rating and set a $175.00 target price for the company in a research note on Monday, April 7th. Arete began coverage on shares of Texas Instruments in a report on Thursday. They set a "neutral" rating and a $203.80 price target for the company. Sanford C. Bernstein raised shares of Texas Instruments from a "strong sell" rating to a "hold" rating in a report on Thursday, June 5th. Summit Insights cut shares of Texas Instruments from a "buy" rating to a "hold" rating in a report on Thursday, April 24th. Finally, Argus raised shares of Texas Instruments to a "strong-buy" rating in a report on Friday, April 25th. Four equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $191.49.

Texas Instruments Trading Up 0.5%

Shares of TXN opened at $206.31 on Friday. 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 firm has a 50 day simple moving average of $181.40 and a 200-day simple moving average of $182.40. Texas Instruments Incorporated has a 1-year low of $139.95 and a 1-year high of $220.39. The stock has a market cap of $187.43 billion, a price-to-earnings ratio of 39.15, a price-to-earnings-growth ratio of 3.34 and a beta of 1.00.

Texas Instruments (NASDAQ:TXN - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share for the quarter, topping 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 during the quarter, compared to analysts' expectations of $3.91 billion. During the same period last year, the company posted $1.10 EPS. The company's revenue was up 11.1% on a year-over-year basis. Equities analysts forecast that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The company also recently announced 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 2.64%. Texas Instruments's dividend payout ratio (DPR) is currently 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.

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