McNamara Financial Services Inc. Makes New Investment in Texas Instruments Incorporated (NASDAQ:TXN)

McNamara Financial Services Inc. bought a new stake 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 firm bought 1,946 shares of the semiconductor company's stock, valued at approximately $350,000.

Several other hedge funds also recently modified their holdings of the stock. Procyon Advisors LLC boosted its holdings in Texas Instruments by 18.0% during the first quarter. Procyon Advisors LLC now owns 15,502 shares of the semiconductor company's stock worth $2,687,000 after purchasing an additional 2,369 shares during the last quarter. Avity Investment Management Inc. lifted its position in shares of Texas Instruments by 1.1% during the 1st quarter. Avity Investment Management Inc. now owns 201,024 shares of the semiconductor company's stock worth $36,124,000 after buying an additional 2,102 shares in the last quarter. Curat Global LLC purchased a new position in shares of Texas Instruments in the 1st quarter worth approximately $828,000. Riverview Trust Co grew its holdings in shares of Texas Instruments by 734.3% in the first quarter. Riverview Trust Co now owns 292 shares of the semiconductor company's stock valued at $52,000 after acquiring an additional 257 shares in the last quarter. Finally, MRA Advisory Group purchased a new stake in shares of Texas Instruments during the first quarter valued at approximately $210,000. Hedge funds and other institutional investors own 84.99% of the company's stock.

Texas Instruments Price Performance

NASDAQ TXN traded up $1.93 on Friday, hitting $192.42. The stock had a trading volume of 5,338,058 shares, compared to its average volume of 6,339,905. Texas Instruments Incorporated has a 52-week low of $139.95 and a 52-week high of $220.39. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.88 and a current ratio of 4.12. The company has a market capitalization of $174.81 billion, a price-to-earnings ratio of 37.08, a price-to-earnings-growth ratio of 3.30 and a beta of 0.97. The firm has a 50-day moving average of $168.59 and a 200-day moving average of $182.22.

Texas Instruments (NASDAQ:TXN - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share for the quarter, topping 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 net margin of 30.68% and a return on equity of 28.08%. The business's quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.10 earnings per share. Equities analysts expect that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Wednesday, April 30th were given a dividend of $1.36 per share. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $5.44 annualized dividend and a yield of 2.83%. Texas Instruments's payout ratio is presently 103.23%.

Analysts Set New Price Targets

Several research firms have weighed in on TXN. Argus raised Texas Instruments to a "strong-buy" rating in a research report on Friday, April 25th. Citigroup cut their price target on shares of Texas Instruments from $235.00 to $210.00 and set a "buy" rating on the stock in a report on Friday, April 11th. Baird R W upgraded shares of Texas Instruments from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 7th. Sanford C. Bernstein raised shares of Texas Instruments from a "strong sell" rating to a "hold" rating in a research report on Thursday. Finally, KeyCorp dropped their target price on shares of Texas Instruments from $250.00 to $215.00 and set an "overweight" rating on the stock 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 assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Texas Instruments presently has an average rating of "Hold" and an average target price of $189.41.

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.