Longfellow Investment Management Co. LLC Acquires 3,339 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Key Points

• Longfellow Investment Management Co. LLC increased its stake in Texas Instruments by 65.5%, acquiring an additional 3,339 shares during the first quarter, bringing its total holdings to 8,437 shares valued at approximately $1.5 million.
• Analysts have mixed ratings on Texas Instruments, with four sell ratings, thirteen holds, twelve buys, and two strong buys, leading to an average target price of $212.21.
• Texas Instruments reported earnings of $1.41 per share for the quarter, surpassing expectations and reflecting a 16.4% increase in revenue compared to the previous year.

Longfellow Investment Management Co. LLC lifted its holdings in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 65.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,437 shares of the semiconductor company's stock after buying an additional 3,339 shares during the quarter. Longfellow Investment Management Co. LLC's holdings in Texas Instruments were worth $1,516,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Cloud Capital Management LLC purchased a new stake in Texas Instruments during the 1st quarter valued at about $28,000. Copia Wealth Management bought a new position in shares of Texas Instruments in the fourth quarter worth approximately $30,000. Quintet Private Bank Europe S.A. purchased a new stake in shares of Texas Instruments during the first quarter valued at approximately $34,000. Park Square Financial Group LLC bought a new stake in shares of Texas Instruments during the fourth quarter valued at approximately $41,000. Finally, N.E.W. Advisory Services LLC purchased a new position in Texas Instruments in the 1st quarter worth approximately $42,000. 84.99% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have commented on TXN. Wells Fargo & Company cut their target price on Texas Instruments from $215.00 to $195.00 and set an "equal weight" rating on the stock in a research note on Wednesday, July 23rd. Argus raised Texas Instruments to a "strong-buy" rating in a research report on Friday, April 25th. Robert W. Baird boosted their target price on Texas Instruments from $175.00 to $220.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 23rd. Benchmark upped their target price on shares of Texas Instruments from $200.00 to $220.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. Finally, Cantor Fitzgerald reiterated a "neutral" rating on shares of Texas Instruments in a research note on Tuesday, July 22nd. Four equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $212.21.

Texas Instruments Stock Performance

TXN traded up $9.26 during midday trading on Tuesday, reaching $192.97. The company had a trading volume of 9,960,812 shares, compared to its average volume of 8,156,814. Texas Instruments Incorporated has a 1 year low of $139.95 and a 1 year high of $221.69. The company has a quick ratio of 3.88, a current ratio of 5.81 and a debt-to-equity ratio of 0.86. The company has a market cap of $175.44 billion, a P/E ratio of 35.34, a P/E/G ratio of 3.00 and a beta of 1.03. The business has a 50-day moving average of $201.00 and a two-hundred day moving average of $184.93.

Texas Instruments (NASDAQ:TXN - Get Free Report) last released its earnings results on Tuesday, July 22nd. The semiconductor company reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.09. Texas Instruments had a net margin of 30.23% and a return on equity of 30.10%. The company had revenue of $4.45 billion during the quarter, compared to analyst estimates of $4.31 billion. During the same period in the prior year, the firm posted $1.17 EPS. The firm's quarterly revenue was up 16.4% compared to the same quarter last year. As a group, equities research analysts predict 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 will be paid on Tuesday, August 12th. Investors of record on Thursday, July 31st will be paid a dividend of $1.36 per share. The ex-dividend date is Thursday, July 31st. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.8%. Texas Instruments's payout ratio is 99.63%.

About Texas Instruments

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.