QRG Capital Management Inc. Boosts Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

QRG Capital Management Inc. boosted its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 25.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 120,101 shares of the semiconductor company's stock after buying an additional 24,279 shares during the quarter. QRG Capital Management Inc.'s holdings in Texas Instruments were worth $21,582,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Promus Capital LLC purchased a new position in shares of Texas Instruments during the 4th quarter valued at $25,000. Summit Securities Group LLC purchased a new position in shares of Texas Instruments in the fourth quarter valued at about $27,000. Kohmann Bosshard Financial Services LLC bought a new position in Texas Instruments in the 4th quarter worth approximately $28,000. Copia Wealth Management bought a new stake in shares of Texas Instruments during the fourth quarter valued at approximately $30,000. Finally, Quintet Private Bank Europe S.A. purchased 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.

Texas Instruments Trading Up 2.2%

Shares of TXN stock traded up $4.22 on Monday, reaching $199.22. 5,863,234 shares of the company's stock were exchanged, compared to its average volume of 6,376,666. The company's fifty day simple moving average is $172.92 and its 200 day simple moving average is $181.91. 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 stock has a market capitalization of $180.99 billion, a PE ratio of 38.39, a P/E/G ratio of 3.30 and a beta of 1.00.

Texas Instruments (NASDAQ:TXN - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 EPS for the quarter, topping the consensus estimate of $1.06 by $0.22. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. The company 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 firm posted $1.10 EPS. The firm's revenue was up 11.1% compared to the same quarter last year. As a group, analysts forecast that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 13th. Investors of record on Wednesday, April 30th were paid a $1.36 dividend. The ex-dividend date was Wednesday, April 30th. This represents a $5.44 annualized dividend and a yield of 2.73%. Texas Instruments's dividend payout ratio (DPR) is currently 103.23%.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Robert W. Baird upgraded 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. Sanford C. Bernstein raised Texas Instruments from a "strong sell" rating to a "hold" rating in a report on Thursday, June 5th. JPMorgan Chase & Co. dropped their price target on Texas Instruments from $230.00 to $195.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Seaport Res Ptn upgraded Texas Instruments to a "strong sell" rating in a report on Wednesday, April 30th. Finally, KeyCorp decreased their price objective on Texas Instruments from $250.00 to $215.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $190.55.

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.