Matrix Asset Advisors Inc. NY Boosts Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Matrix Asset Advisors Inc. NY raised its holdings in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 8.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 94,988 shares of the semiconductor company's stock after acquiring an additional 7,533 shares during the quarter. Texas Instruments accounts for about 1.9% of Matrix Asset Advisors Inc. NY's holdings, making the stock its 20th biggest position. Matrix Asset Advisors Inc. NY's holdings in Texas Instruments were worth $17,069,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. Mizuho Securities USA LLC boosted its holdings in Texas Instruments by 46.0% during the fourth quarter. Mizuho Securities USA LLC now owns 86,457 shares of the semiconductor company's stock worth $16,212,000 after buying an additional 27,251 shares in the last quarter. Union Bancaire Privee UBP SA purchased a new position in Texas Instruments in the fourth quarter valued at about $6,544,000. Mn Services Vermogensbeheer B.V. lifted its position in shares of Texas Instruments by 2.1% during the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 358,784 shares of the semiconductor company's stock valued at $67,276,000 after acquiring an additional 7,500 shares during the period. Brighton Jones LLC boosted its stake in shares of Texas Instruments by 33.4% during the 4th quarter. Brighton Jones LLC now owns 16,840 shares of the semiconductor company's stock worth $3,158,000 after acquiring an additional 4,218 shares in the last quarter. Finally, JARISLOWSKY FRASER Ltd boosted its stake in shares of Texas Instruments by 7.4% during the 4th quarter. JARISLOWSKY FRASER Ltd now owns 2,390 shares of the semiconductor company's stock worth $448,000 after acquiring an additional 165 shares in the last quarter. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on TXN shares. Seaport Res Ptn raised Texas Instruments to a "strong sell" rating in a report on Wednesday, April 30th. Argus raised Texas Instruments to a "strong-buy" rating in a research note on Friday, April 25th. Wells Fargo & Company set a $190.00 price objective on shares of Texas Instruments and gave the stock an "equal weight" rating in a research report on Monday, June 16th. DZ Bank upgraded shares of Texas Instruments from a "sell" rating to a "hold" rating and set a $163.00 target price for the company in a report on Friday, April 25th. Finally, Benchmark cut their target price on shares of Texas Instruments from $230.00 to $200.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Four analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $190.96.

Texas Instruments Trading Down 0.2%

TXN traded down $0.43 on Wednesday, reaching $205.38. 4,747,626 shares of the company's stock were exchanged, compared to its average volume of 6,401,064. Texas Instruments Incorporated has a twelve month low of $139.95 and a twelve month high of $220.39. The company's 50 day moving average is $179.07 and its 200-day moving average is $182.15. 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 cap of $186.58 billion, a price-to-earnings ratio of 38.97, a PEG ratio of 3.35 and a beta of 1.00.

Texas Instruments (NASDAQ:TXN - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported $1.28 EPS for the quarter, beating the consensus estimate of $1.06 by $0.22. Texas Instruments had a return on equity of 28.75% and a net margin of 30.36%. The company had revenue of $4.07 billion for the quarter, compared to analyst estimates of $3.91 billion. During the same period last year, the company posted $1.10 earnings per share. The firm's revenue was up 11.1% compared to the same quarter last year. Equities analysts predict that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 13th. Stockholders of record on Wednesday, April 30th were paid a dividend of $1.36 per share. The ex-dividend date was Wednesday, April 30th. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.65%. Texas Instruments's dividend payout ratio is currently 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.