RFG Advisory LLC Boosts Stake in Texas Instruments Incorporated (NASDAQ:TXN)

RFG Advisory LLC boosted its position in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 25.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 21,521 shares of the semiconductor company's stock after buying an additional 4,406 shares during the quarter. RFG Advisory LLC's holdings in Texas Instruments were worth $3,867,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Mizuho Securities USA LLC boosted its position in shares of Texas Instruments by 46.0% in the fourth quarter. Mizuho Securities USA LLC now owns 86,457 shares of the semiconductor company's stock valued at $16,212,000 after acquiring an additional 27,251 shares during the period. Union Bancaire Privee UBP SA purchased a new stake in Texas Instruments in the 4th quarter worth approximately $6,544,000. Banque Pictet & Cie SA lifted its stake in Texas Instruments by 0.9% in the 4th quarter. Banque Pictet & Cie SA now owns 2,197,676 shares of the semiconductor company's stock worth $412,086,000 after purchasing an additional 18,650 shares in the last quarter. Nicholas Hoffman & Company LLC. boosted its holdings in Texas Instruments by 17.9% in the 4th quarter. Nicholas Hoffman & Company LLC. now owns 5,125 shares of the semiconductor company's stock valued at $961,000 after purchasing an additional 778 shares during the period. Finally, Lockheed Martin Investment Management Co. grew its position in shares of Texas Instruments by 16.4% during the 4th quarter. Lockheed Martin Investment Management Co. now owns 66,780 shares of the semiconductor company's stock valued at $12,522,000 after purchasing an additional 9,430 shares in the last quarter. 84.99% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on TXN. Mizuho set a $170.00 price objective on Texas Instruments in a research note on Thursday, April 24th. JPMorgan Chase & Co. lowered their price target on Texas Instruments from $230.00 to $195.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Rosenblatt Securities reiterated a "buy" rating and set a $216.00 price target on shares of Texas Instruments in a research report on Thursday, April 24th. Morgan Stanley restated an "underweight" rating and issued a $148.00 price objective (up from $146.00) on shares of Texas Instruments in a research report on Thursday, April 24th. Finally, Truist Financial dropped their target price on shares of Texas Instruments from $195.00 to $171.00 and set a "hold" rating for the company in a research report on Thursday, April 24th. Four analysts have rated the stock with a sell rating, twelve have given a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $189.41.

Texas Instruments Trading Up 1.2%

Shares of NASDAQ:TXN traded up $2.32 during trading on Friday, reaching $192.81. 2,621,316 shares of the company traded hands, compared to its average volume of 6,319,991. The company has a current ratio of 4.12, a quick ratio of 2.88 and a debt-to-equity ratio of 0.76. Texas Instruments Incorporated has a 52-week low of $139.95 and a 52-week high of $220.39. The business's fifty day moving average is $168.59 and its 200-day moving average is $182.22. The firm has a market capitalization of $175.16 billion, a price-to-earnings ratio of 37.16, a P/E/G ratio of 3.30 and a beta of 0.97.

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, topping the consensus estimate 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 during the quarter, compared to analysts' expectations of $3.91 billion. During the same quarter last year, the business posted $1.10 EPS. The business's revenue was up 11.1% on a year-over-year basis. As a group, analysts forecast that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Announces Dividend

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. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $5.44 dividend on an annualized basis and a yield of 2.82%. Texas Instruments's dividend payout ratio (DPR) is 103.23%.

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.