Procyon Advisors LLC Purchases 2,369 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Procyon Advisors LLC increased its stake in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 18.0% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 15,502 shares of the semiconductor company's stock after purchasing an additional 2,369 shares during the quarter. Procyon Advisors LLC's holdings in Texas Instruments were worth $2,687,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Avity Investment Management Inc. grew its position in Texas Instruments by 1.1% during the first 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 Texas Instruments during the first quarter worth about $828,000. Riverview Trust Co grew its position in Texas Instruments by 734.3% during the first quarter. Riverview Trust Co now owns 292 shares of the semiconductor company's stock worth $52,000 after buying an additional 257 shares in the last quarter. MRA Advisory Group purchased a new position in Texas Instruments during the first quarter worth about $210,000. Finally, Foster Group Inc. purchased a new position in Texas Instruments during the first quarter worth about $209,000. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. JPMorgan Chase & Co. cut their price target on shares of Texas Instruments from $230.00 to $195.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Wells Fargo & Company cut their price objective on Texas Instruments from $200.00 to $175.00 and set an "equal weight" rating for the company in a report on Thursday, April 24th. TD Securities reiterated a "hold" rating and issued a $160.00 price objective on shares of Texas Instruments in a report on Thursday, April 24th. Baird R W upgraded Texas Instruments from a "hold" rating to a "strong-buy" rating in a report on Monday, April 7th. Finally, Mizuho set a $170.00 price objective on Texas Instruments in a report on Thursday, April 24th. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $189.86.

Texas Instruments Trading Up 1.5%

NASDAQ TXN traded up $3.08 on Tuesday, hitting $202.29. The company's stock had a trading volume of 6,245,637 shares, compared to its average volume of 6,362,333. Texas Instruments Incorporated has a 52-week low of $139.95 and a 52-week high of $220.39. The company has a current ratio of 4.12, a quick ratio of 2.88 and a debt-to-equity ratio of 0.76. The company's 50-day simple moving average is $170.06 and its 200 day simple moving average is $182.09. The firm has a market cap of $183.77 billion, a P/E ratio of 38.98, a PEG ratio of 3.30 and a beta of 1.00.

Texas Instruments (NASDAQ:TXN - Get Free Report) last posted 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. Texas Instruments had a return on equity of 28.08% and a net margin of 30.68%. The company had revenue of $4.07 billion during the quarter, compared to analyst estimates of $3.91 billion. During the same quarter last year, the company earned $1.10 EPS. The firm's revenue for the quarter was up 11.1% on a year-over-year basis. Research 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. Investors of record on Wednesday, April 30th were given a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date of this dividend was Wednesday, April 30th. Texas Instruments's dividend payout ratio (DPR) is presently 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.