Texas Instruments Incorporated $TXN Shares Bought by Redmond Asset Management LLC

Key Points

• Redmond Asset Management LLC increased its stake in Texas Instruments by 7.9% in Q1, owning 25,595 shares valued at approximately $4.6 million, making it the 20th largest holding in their portfolio.
• Texas Instruments reported a quarterly EPS of $1.41, exceeding the estimate of $1.32, with revenues of $4.45 billion, a 16.4% increase year-over-year.
• The company declared a quarterly dividend of $1.36, yielding 2.8%, with a payout ratio of 99.63% as of the last reporting period.

Redmond Asset Management LLC lifted its holdings in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 7.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,595 shares of the semiconductor company's stock after buying an additional 1,879 shares during the period. Texas Instruments comprises approximately 1.2% of Redmond Asset Management LLC's portfolio, making the stock its 20th biggest position. Redmond Asset Management LLC's holdings in Texas Instruments were worth $4,599,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Brighton Jones LLC grew its position in shares of Texas Instruments by 33.4% in the fourth quarter. Brighton Jones LLC now owns 16,840 shares of the semiconductor company's stock valued at $3,158,000 after purchasing an additional 4,218 shares during the last quarter. Bank Pictet & Cie Europe AG grew its position in shares of Texas Instruments by 14.8% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 138,350 shares of the semiconductor company's stock valued at $25,942,000 after purchasing an additional 17,840 shares during the last quarter. XTX Topco Ltd acquired a new stake in shares of Texas Instruments in the fourth quarter valued at about $587,000. Evergreen Capital Management LLC grew its position in shares of Texas Instruments by 8.7% in the fourth quarter. Evergreen Capital Management LLC now owns 8,889 shares of the semiconductor company's stock valued at $1,667,000 after purchasing an additional 708 shares during the last quarter. Finally, NewEdge Advisors LLC grew its position in shares of Texas Instruments by 3.7% in the fourth quarter. NewEdge Advisors LLC now owns 63,682 shares of the semiconductor company's stock valued at $11,941,000 after purchasing an additional 2,288 shares during the last quarter. Institutional investors and hedge funds own 84.99% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. TD Securities reaffirmed a "hold" rating and issued a $160.00 price target on shares of Texas Instruments in a research report on Thursday, April 24th. Argus raised Texas Instruments to a "strong-buy" rating in a research report on Friday, April 25th. Wells Fargo & Company decreased their target price on Texas Instruments from $215.00 to $195.00 and set an "equal weight" rating on the stock in a research report on Wednesday, July 23rd. Summit Insights downgraded Texas Instruments from a "buy" rating to a "hold" rating in a research report on Thursday, April 24th. Finally, Wolfe Research raised Texas Instruments from a "peer perform" rating to an "outperform" rating and set a $230.00 target price on the stock in a research report on Monday, July 28th. Four research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $212.21.

Texas Instruments Trading Up 0.4%

TXN stock traded up $0.86 during trading on Friday, hitting $194.57. The company had a trading volume of 5,871,480 shares, compared to its average volume of 8,377,313. The company has a quick ratio of 3.88, a current ratio of 5.81 and a debt-to-equity ratio of 0.86. Texas Instruments Incorporated has a 52-week low of $139.95 and a 52-week high of $221.69. The company has a 50 day simple moving average of $201.16 and a 200-day simple moving average of $185.16. The firm has a market capitalization of $176.89 billion, a P/E ratio of 35.64, a PEG ratio of 3.18 and a beta of 1.03.

Texas Instruments (NASDAQ:TXN - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The semiconductor company reported $1.41 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $4.31 billion. During the same period last year, the firm posted $1.17 EPS. Texas Instruments's revenue was up 16.4% on a year-over-year basis. As a group, research 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, August 12th. Stockholders of record on Thursday, July 31st were given a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Thursday, July 31st. Texas Instruments's dividend payout ratio is 99.63%.

Texas Instruments 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.