Kraft Davis & Associates LLC Purchases Shares of 1,430 Texas Instruments Incorporated (NASDAQ:TXN)

Kraft Davis & Associates LLC acquired a new position in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,430 shares of the semiconductor company's stock, valued at approximately $257,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Gerber Kawasaki Wealth & Investment Management lifted its position in shares of Texas Instruments by 1.8% in the fourth quarter. Gerber Kawasaki Wealth & Investment Management now owns 3,187 shares of the semiconductor company's stock worth $598,000 after buying an additional 56 shares during the last quarter. Voya Financial Advisors Inc. raised its stake in shares of Texas Instruments by 1.6% in the 4th quarter. Voya Financial Advisors Inc. now owns 3,649 shares of the semiconductor company's stock valued at $686,000 after acquiring an additional 58 shares in the last quarter. Dunhill Financial LLC lifted its holdings in Texas Instruments by 3.7% in the 4th quarter. Dunhill Financial LLC now owns 1,707 shares of the semiconductor company's stock worth $320,000 after purchasing an additional 61 shares during the last quarter. Prestige Wealth Management Group LLC boosted its position in Texas Instruments by 3.7% during the fourth quarter. Prestige Wealth Management Group LLC now owns 1,745 shares of the semiconductor company's stock worth $327,000 after purchasing an additional 62 shares during the period. Finally, Main Street Research LLC grew its holdings in Texas Instruments by 3.1% during the fourth quarter. Main Street Research LLC now owns 2,110 shares of the semiconductor company's stock valued at $396,000 after purchasing an additional 63 shares during the last quarter. Institutional investors own 84.99% of the company's stock.

Wall Street Analysts Forecast Growth

TXN has been the subject of a number of analyst reports. Arete began coverage on shares of Texas Instruments in a research note on Thursday. They issued a "neutral" rating and a $203.80 price objective for the company. Citigroup lifted their target price on shares of Texas Instruments from $210.00 to $220.00 and gave the stock a "buy" rating in a report on Monday, June 9th. Cowen reissued a "hold" rating on shares of Texas Instruments in a research report on Wednesday. UBS Group lowered their price target on Texas Instruments from $225.00 to $215.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Finally, TD Securities reissued a "hold" rating and set a $160.00 price objective on shares of Texas Instruments in a research report on Thursday, April 24th. Four analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $191.49.

Texas Instruments Stock Performance

TXN stock traded up $0.93 during midday trading on Thursday, hitting $206.31. The stock had a trading volume of 4,576,657 shares, compared to its average volume of 6,393,804. Texas Instruments Incorporated has a 52 week low of $139.95 and a 52 week high of $220.39. The company has a current ratio of 5.26, a quick ratio of 3.37 and a debt-to-equity ratio of 0.78. The stock has a 50-day simple moving average of $180.24 and a 200 day simple moving average of $182.31. The firm has a market capitalization of $187.43 billion, a price-to-earnings ratio of 39.15, a P/E/G ratio of 3.35 and a beta of 1.00.

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 (EPS) 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 company had revenue of $4.07 billion during the quarter, compared to analysts' expectations of $3.91 billion. During the same quarter in the prior year, the company posted $1.10 EPS. The business's revenue was up 11.1% on a year-over-year basis. As a group, equities research analysts anticipate that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders 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 2.64%. The ex-dividend date of this dividend was Wednesday, April 30th. Texas Instruments's dividend 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.