KLP Kapitalforvaltning AS Acquires 10,600 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

KLP Kapitalforvaltning AS grew its position in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 3.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 317,785 shares of the semiconductor company's stock after purchasing an additional 10,600 shares during the period. KLP Kapitalforvaltning AS's holdings in Texas Instruments were worth $57,106,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of TXN. Guidance Capital Inc. grew its position in shares of Texas Instruments by 8.5% in the 1st quarter. Guidance Capital Inc. now owns 5,554 shares of the semiconductor company's stock worth $914,000 after acquiring an additional 436 shares in the last quarter. Choreo LLC boosted its position in Texas Instruments by 8.0% during the 1st quarter. Choreo LLC now owns 50,870 shares of the semiconductor company's stock worth $9,141,000 after acquiring an additional 3,766 shares during the period. Ignite Planners LLC raised its stake in shares of Texas Instruments by 43.9% in the 1st quarter. Ignite Planners LLC now owns 1,913 shares of the semiconductor company's stock worth $344,000 after buying an additional 584 shares in the last quarter. Van Strum & Towne Inc. raised its stake in shares of Texas Instruments by 20.2% in the 1st quarter. Van Strum & Towne Inc. now owns 11,880 shares of the semiconductor company's stock worth $2,135,000 after buying an additional 2,000 shares in the last quarter. Finally, HighPoint Advisor Group LLC raised its stake in shares of Texas Instruments by 5.3% in the 1st quarter. HighPoint Advisor Group LLC now owns 30,061 shares of the semiconductor company's stock worth $5,402,000 after buying an additional 1,507 shares in the last quarter. 84.99% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently weighed in on TXN shares. UBS Group set a $255.00 price target on Texas Instruments in a report on Tuesday. Rosenblatt Securities reissued a "buy" rating and set a $216.00 price objective on shares of Texas Instruments in a research report on Thursday, April 24th. Sanford C. Bernstein raised Texas Instruments from a "strong sell" rating to a "hold" rating in a report on Thursday, June 5th. The Goldman Sachs Group assumed coverage on Texas Instruments in a report on Thursday, July 10th. They issued a "buy" rating and a $255.00 price target for the company. Finally, Arete Research raised Texas Instruments to a "hold" rating in a report on Thursday, June 26th. Two research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $205.28.

Texas Instruments Stock Performance

Shares of NASDAQ:TXN traded up $0.35 during trading on Tuesday, hitting $214.92. 11,240,684 shares of the stock were exchanged, compared to its average volume of 6,496,179. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.37 and a current ratio of 5.26. The company has a market capitalization of $195.25 billion, a price-to-earnings ratio of 40.78, a price-to-earnings-growth ratio of 3.49 and a beta of 1.03. Texas Instruments Incorporated has a 1-year low of $139.95 and a 1-year high of $221.69. The company's fifty day simple moving average is $199.35 and its 200-day simple moving average is $185.23.

Texas Instruments (NASDAQ:TXN - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The semiconductor company reported $1.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.32 by $0.09. Texas Instruments had a return on equity of 28.75% and a net margin of 30.36%. During the same period in the previous year, the business earned $1.17 earnings per share. The company's revenue was up 16.4% compared to the same quarter last year. Sell-side analysts expect that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 12th. Shareholders of record on Thursday, July 31st will be issued a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date is Thursday, July 31st. 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.