Merit Financial Group LLC grew its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 5.7% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 56,017 shares of the semiconductor company's stock after acquiring an additional 3,030 shares during the period. Merit Financial Group LLC's holdings in Texas Instruments were worth $10,066,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Promus Capital LLC bought a new position in Texas Instruments in the fourth quarter worth approximately $25,000. Financial Life Planners bought a new position in Texas Instruments in the fourth quarter worth approximately $26,000. Summit Securities Group LLC bought a new position in Texas Instruments in the fourth quarter worth approximately $27,000. Kohmann Bosshard Financial Services LLC bought a new position in Texas Instruments in the fourth quarter worth approximately $28,000. Finally, Copia Wealth Management bought a new position in Texas Instruments in the fourth quarter worth approximately $30,000. Institutional investors own 84.99% of the company's stock.
Texas Instruments Stock Performance
Shares of TXN stock traded up $2.64 on Wednesday, hitting $190.72. The company had a trading volume of 5,778,967 shares, compared to its average volume of 6,337,593. Texas Instruments Incorporated has a twelve month low of $139.95 and a twelve month high of $220.39. The company has a quick ratio of 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76. The firm has a market cap of $173.26 billion, a P/E ratio of 36.75, a price-to-earnings-growth ratio of 3.30 and a beta of 0.97. The company has a 50-day moving average price of $168.08 and a 200-day moving average price of $182.28.
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 (EPS) for the quarter, beating analysts' consensus estimates of $1.06 by $0.22. The company had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $3.91 billion. Texas Instruments had a return on equity of 28.08% and a net margin of 30.68%. Texas Instruments's revenue for the quarter was up 11.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.10 earnings per share. 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 was paid on Tuesday, May 13th. Investors of record on Wednesday, April 30th were paid a $1.36 dividend. This represents a $5.44 annualized dividend and a dividend yield of 2.85%. The ex-dividend date of this dividend was Wednesday, April 30th. Texas Instruments's dividend payout ratio is currently 103.23%.
Analyst Ratings Changes
Several research firms have issued reports on TXN. Morgan Stanley reaffirmed an "underweight" rating and issued a $148.00 price target (up from $146.00) on shares of Texas Instruments in a report on Thursday, April 24th. Robert W. Baird raised shares of Texas Instruments from a "neutral" rating to an "outperform" rating and set a $175.00 price target on the stock in a report on Monday, April 7th. KeyCorp cut their price target on shares of Texas Instruments from $250.00 to $215.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. 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. Finally, Mizuho set a $170.00 price target on shares of Texas Instruments in a report on Thursday, April 24th. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $189.41.
Check Out Our Latest Report on TXN
Texas Instruments Company Profile
(
Free Report)
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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