Matrix Asset Advisors Inc. NY Grows Position in Texas Instruments Incorporated (NASDAQ:TXN)

Matrix Asset Advisors Inc. NY boosted its stake in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 8.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 94,988 shares of the semiconductor company's stock after buying an additional 7,533 shares during the quarter. Texas Instruments makes up 1.9% of Matrix Asset Advisors Inc. NY's investment portfolio, making the stock its 20th largest holding. Matrix Asset Advisors Inc. NY's holdings in Texas Instruments were worth $17,069,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Promus Capital LLC purchased a new stake in Texas Instruments in the 4th quarter valued at $25,000. Summit Securities Group LLC purchased a new stake in shares of Texas Instruments during the 4th quarter valued at $27,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Texas Instruments during the 4th quarter valued at $28,000. Copia Wealth Management purchased a new stake in shares of Texas Instruments during the 4th quarter valued at $30,000. Finally, Quintet Private Bank Europe S.A. purchased a new stake in shares of Texas Instruments during the 1st quarter valued at $34,000. 84.99% of the stock is owned by hedge funds and other institutional investors.

Texas Instruments Trading Down 0.1%

Shares of TXN opened at $198.20 on Friday. The business's 50-day moving average price is $176.97 and its 200-day moving average price is $182.00. Texas Instruments Incorporated has a twelve month low of $139.95 and a twelve month high of $220.39. The stock has a market cap of $180.06 billion, a PE ratio of 37.61, a P/E/G ratio of 3.23 and a beta of 1.00. The company has a quick ratio of 3.37, a current ratio of 5.26 and a debt-to-equity ratio of 0.78.

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 for the quarter, beating the consensus estimate of $1.06 by $0.22. The firm had revenue of $4.07 billion for the quarter, compared to analysts' expectations of $3.91 billion. Texas Instruments had a return on equity of 28.75% and a net margin of 30.36%. The company's revenue was up 11.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.10 earnings per share. On average, equities analysts forecast that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 13th. Investors of record on Wednesday, April 30th were given a $1.36 dividend. This represents a $5.44 annualized dividend and a dividend yield of 2.74%. The ex-dividend date was Wednesday, April 30th. Texas Instruments's dividend payout ratio (DPR) is 103.23%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. TD Securities reaffirmed a "hold" rating and set a $160.00 target price on shares of Texas Instruments in a research report on Thursday, April 24th. Truist Financial decreased their target price on Texas Instruments from $195.00 to $171.00 and set a "hold" rating for the company in a research report on Thursday, April 24th. UBS Group decreased their target price on Texas Instruments from $225.00 to $215.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. DZ Bank upgraded Texas Instruments from a "sell" rating to a "hold" rating and set a $163.00 price target for the company in a research note on Friday, April 25th. Finally, Rosenblatt Securities reiterated a "buy" rating and set a $216.00 price target on shares of Texas Instruments in a research note on Thursday, April 24th. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Texas Instruments has an average rating of "Hold" and a consensus price target of $190.55.

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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