Norden Group LLC Acquires 2,431 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Key Points

• Norden Group LLC increased its holdings in Texas Instruments by 8.1% during the 1st quarter, acquiring an additional 2,431 shares and bringing its total to 32,519 shares. This stock now constitutes approximately 0.7% of Norden's portfolio.
• Texas Instruments reported earnings per share of $1.41 for the last quarter, exceeding analyst expectations of $1.32, with a net margin of 30.23% and revenue of $4.45 billion.
• The company announced a quarterly dividend of $1.36 per share, translating to an annualized yield of 2.94%, with a payout ratio of 99.63%.

Norden Group LLC lifted its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 8.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 32,519 shares of the semiconductor company's stock after acquiring an additional 2,431 shares during the quarter. Texas Instruments makes up about 0.7% of Norden Group LLC's portfolio, making the stock its 26th biggest holding. Norden Group LLC's holdings in Texas Instruments were worth $5,844,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in TXN. GAMMA Investing LLC boosted its holdings in Texas Instruments by 21,778.6% in the 1st quarter. GAMMA Investing LLC now owns 3,422,027 shares of the semiconductor company's stock valued at $614,938,000 after purchasing an additional 3,406,386 shares during the period. Jennison Associates LLC boosted its holdings in Texas Instruments by 2,898.0% in the 1st quarter. Jennison Associates LLC now owns 2,214,471 shares of the semiconductor company's stock valued at $397,940,000 after purchasing an additional 2,140,605 shares during the period. Invesco Ltd. boosted its holdings in Texas Instruments by 15.4% in the 4th quarter. Invesco Ltd. now owns 11,893,157 shares of the semiconductor company's stock valued at $2,230,086,000 after purchasing an additional 1,587,036 shares during the period. Rothschild & Co Wealth Management UK Ltd boosted its holdings in Texas Instruments by 1,000.6% in the 1st quarter. Rothschild & Co Wealth Management UK Ltd now owns 1,287,734 shares of the semiconductor company's stock valued at $231,406,000 after purchasing an additional 1,170,728 shares during the period. Finally, Northern Trust Corp boosted its holdings in Texas Instruments by 12.2% in the 4th quarter. Northern Trust Corp now owns 10,398,010 shares of the semiconductor company's stock valued at $1,949,731,000 after purchasing an additional 1,132,187 shares during the period. 84.99% of the stock is currently owned by institutional investors.

Texas Instruments Trading Down 0.4%

TXN opened at $184.99 on Monday. Texas Instruments Incorporated has a fifty-two week low of $139.95 and a fifty-two week high of $221.69. The company has a debt-to-equity ratio of 0.86, a current ratio of 5.81 and a quick ratio of 3.88. The firm has a market capitalization of $168.06 billion, a price-to-earnings ratio of 33.88, a PEG ratio of 3.03 and a beta of 1.03. The company's 50 day moving average price is $200.30 and its two-hundred day moving average price is $185.43.

Texas Instruments (NASDAQ:TXN - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The semiconductor company reported $1.41 earnings per share for the quarter, topping analysts' consensus estimates of $1.32 by $0.09. Texas Instruments had a net margin of 30.23% and a return on equity of 30.10%. The firm had revenue of $4.45 billion for the quarter, compared to analyst estimates of $4.31 billion. During the same period in the previous year, the firm posted $1.17 EPS. The company's revenue for the quarter was up 16.4% compared to the same quarter last year. As a group, research analysts predict that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 12th. Shareholders of record on Thursday, July 31st will be issued a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a yield of 2.94%. The ex-dividend date of this dividend is Thursday, July 31st. Texas Instruments's payout ratio is 99.63%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on TXN. Argus raised shares of Texas Instruments to a "strong-buy" rating in a report on Friday, April 25th. Barclays downgraded shares of Texas Instruments from an "equal weight" rating to an "underweight" rating and cut their price objective for the company from $180.00 to $125.00 in a report on Tuesday, April 22nd. JPMorgan Chase & Co. boosted their price objective on shares of Texas Instruments from $195.00 to $225.00 and gave the company an "overweight" rating in a report on Wednesday, July 23rd. BNP Paribas raised shares of Texas Instruments to a "strong sell" rating in a report on Wednesday, July 23rd. Finally, Citigroup reissued a "buy" rating on shares of Texas Instruments in a report on Tuesday, July 22nd. Four investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $211.40.

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.

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