Penserra Capital Management LLC Buys 23,000 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Penserra Capital Management LLC raised its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 31.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 96,066 shares of the semiconductor company's stock after acquiring an additional 23,000 shares during the period. Penserra Capital Management LLC's holdings in Texas Instruments were worth $17,262,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Brighton Jones LLC increased its stake in Texas Instruments by 33.4% in 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 during the last quarter. Bank Pictet & Cie Europe AG boosted its holdings in shares of Texas Instruments by 14.8% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 138,350 shares of the semiconductor company's stock worth $25,942,000 after purchasing an additional 17,840 shares in the last quarter. Proficio Capital Partners LLC increased its position in shares of Texas Instruments by 69.0% during the 4th quarter. Proficio Capital Partners LLC now owns 3,834 shares of the semiconductor company's stock valued at $719,000 after purchasing an additional 1,566 shares during the last quarter. Welch & Forbes LLC raised its holdings in shares of Texas Instruments by 1.0% during the 4th quarter. Welch & Forbes LLC now owns 28,358 shares of the semiconductor company's stock valued at $5,317,000 after buying an additional 273 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC lifted its position in Texas Instruments by 153.2% in the 4th quarter. Ashton Thomas Private Wealth LLC now owns 8,327 shares of the semiconductor company's stock worth $1,561,000 after buying an additional 5,038 shares during the last quarter. 84.99% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. 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 research note on Monday, April 7th. Stifel Nicolaus lowered their price target on shares of Texas Instruments from $200.00 to $160.00 and set a "hold" rating for the company in a research note on Thursday, April 17th. Citigroup raised their price objective on Texas Instruments from $220.00 to $260.00 and gave the company a "buy" rating in a research note on Monday. Morgan Stanley restated an "underweight" rating and set a $148.00 price target (up from $146.00) on shares of Texas Instruments in a research report on Thursday, April 24th. Finally, Wells Fargo & Company set a $190.00 price objective on Texas Instruments and gave the company an "equal weight" rating in a research note on Monday, June 16th. Four investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $194.41.

Texas Instruments Stock Down 1.2%

Shares of NASDAQ TXN traded down $2.61 during trading on Monday, reaching $213.41. The company had a trading volume of 5,220,687 shares, compared to its average volume of 6,437,999. The business's 50-day moving average is $188.48 and its 200 day moving average is $183.27. The company has a quick ratio of 3.37, a current ratio of 5.26 and a debt-to-equity ratio of 0.78. The stock has a market cap of $193.88 billion, a PE ratio of 40.50, a P/E/G ratio of 3.52 and a beta of 1.03. Texas Instruments Incorporated has a 12-month low of $139.95 and a 12-month high of $220.39.

Texas Instruments (NASDAQ:TXN - Get Free Report) last released its quarterly earnings data 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. The business had revenue of $4.07 billion during the quarter, compared to analyst estimates of $3.91 billion. Texas Instruments had a net margin of 30.36% and a return on equity of 28.75%. Texas Instruments's revenue was up 11.1% compared to the same quarter last year. During the same period last year, the business earned $1.10 EPS. As a group, equities analysts forecast that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders 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 annualized dividend and a yield of 2.55%. Texas Instruments's dividend payout ratio is 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.