Paragon Capital Management Ltd Grows Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Paragon Capital Management Ltd boosted its position in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 84.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,976 shares of the semiconductor company's stock after buying an additional 3,643 shares during the quarter. Paragon Capital Management Ltd's holdings in Texas Instruments were worth $1,433,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of TXN. Promus Capital LLC bought a new position in shares of Texas Instruments in the fourth quarter worth $25,000. Summit Securities Group LLC bought a new position in shares of Texas Instruments in the fourth quarter worth $27,000. Kohmann Bosshard Financial Services LLC bought a new position in shares of Texas Instruments in the fourth quarter worth $28,000. Copia Wealth Management bought a new position in shares of Texas Instruments in the fourth quarter worth $30,000. Finally, Quintet Private Bank Europe S.A. bought a new position in shares of Texas Instruments in the first quarter worth $34,000. 84.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. UBS Group cut their price target on Texas Instruments from $225.00 to $215.00 and set a "buy" rating for the company in a report on Thursday, April 24th. KeyCorp cut their price target on Texas Instruments from $250.00 to $215.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Wells Fargo & Company dropped their price objective on Texas Instruments from $200.00 to $175.00 and set an "equal weight" rating for the company in a research note on Thursday, April 24th. Barclays lowered Texas Instruments from an "equal weight" rating to an "underweight" rating and dropped their price objective for the company from $180.00 to $125.00 in a research note on Tuesday, April 22nd. Finally, Mizuho set a $170.00 price objective on Texas Instruments in a research note on Thursday, April 24th. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $189.86.

Texas Instruments Price Performance

NASDAQ TXN traded down $4.66 during trading hours on Friday, reaching $195.00. 5,138,164 shares of the stock traded hands, compared to its average volume of 6,367,122. The stock has a 50 day simple moving average of $171.94 and a two-hundred day simple moving average of $182.19. Texas Instruments Incorporated has a 1 year low of $139.95 and a 1 year high of $220.39. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.12 and a quick ratio of 2.88. The company has a market cap of $177.15 billion, a price-to-earnings ratio of 37.57, a price-to-earnings-growth ratio of 3.30 and a beta of 1.00.

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, beating analysts' consensus estimates of $1.06 by $0.22. Texas Instruments had a return on equity of 28.08% and a net margin of 30.68%. The business had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $3.91 billion. During the same quarter last year, the business posted $1.10 earnings per share. The company's revenue for the quarter was up 11.1% on a year-over-year basis. On average, analysts predict 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. Stockholders of record on Wednesday, April 30th were issued a $1.36 dividend. The ex-dividend date was Wednesday, April 30th. This represents a $5.44 annualized dividend and a dividend yield of 2.79%. Texas Instruments's dividend payout ratio is currently 103.23%.

About Texas Instruments

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.