Texas Instruments Incorporated (NASDAQ:TXN) Shares Acquired by Ridgewood Investments LLC

Key Points

• Ridgewood Investments LLC increased its holdings in Texas Instruments by 38.2% in the first quarter, owning a total of 8,886 shares valued at approximately $1.6 million.
• Multiple hedge funds, including Geode Capital Management and Alliancebernstein, have also raised their stakes in Texas Instruments during the fourth quarter, contributing to 84.99% of institutional ownership.
• Texas Instruments recently announced a quarterly dividend of $1.36 to be paid on August 12, representing an annual yield of 2.94% and a payout ratio of 99.63%.

Ridgewood Investments LLC lifted its holdings in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 38.2% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,886 shares of the semiconductor company's stock after acquiring an additional 2,455 shares during the period. Ridgewood Investments LLC's holdings in Texas Instruments were worth $1,597,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. TCW Group Inc. lifted its holdings in shares of Texas Instruments by 383.8% in the first quarter. TCW Group Inc. now owns 235,914 shares of the semiconductor company's stock worth $42,394,000 after acquiring an additional 187,153 shares during the last quarter. LPL Financial LLC raised its holdings in Texas Instruments by 11.0% in the 1st quarter. LPL Financial LLC now owns 700,462 shares of the semiconductor company's stock valued at $125,873,000 after buying an additional 69,540 shares during the last quarter. Alteri Wealth LLC raised its holdings in Texas Instruments by 13.5% in the 1st quarter. Alteri Wealth LLC now owns 3,203 shares of the semiconductor company's stock valued at $576,000 after buying an additional 382 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Texas Instruments by 4.9% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 213,787 shares of the semiconductor company's stock valued at $38,418,000 after buying an additional 9,995 shares during the last quarter. Finally, Empirical Finance LLC increased its position in Texas Instruments by 1.4% during the 1st quarter. Empirical Finance LLC now owns 31,444 shares of the semiconductor company's stock valued at $5,650,000 after purchasing an additional 427 shares during the period. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

TXN has been the subject of several recent analyst reports. Rosenblatt Securities reaffirmed a "buy" rating and set a $245.00 price objective on shares of Texas Instruments in a research report on Wednesday, July 23rd. Stifel Nicolaus increased their target price on Texas Instruments from $160.00 to $192.00 and gave the stock a "hold" rating in a report on Friday, July 18th. KeyCorp increased their target price on Texas Instruments from $215.00 to $240.00 and gave the stock an "overweight" rating in a report on Tuesday, July 8th. Citigroup restated a "buy" rating on shares of Texas Instruments in a research note on Tuesday, July 22nd. Finally, Arete assumed coverage on Texas Instruments in a research note on Thursday, June 26th. They set a "neutral" rating and a $203.80 price objective on the stock. Four research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Texas Instruments currently has an average rating of "Hold" and an average price target of $212.21.

Texas Instruments Trading Down 3.6%

TXN traded down $6.68 during trading hours on Thursday, reaching $181.48. 4,665,676 shares of the company's stock traded hands, compared to its average volume of 7,373,683. Texas Instruments Incorporated has a 52-week low of $139.95 and a 52-week high of $221.69. The firm has a market capitalization of $164.87 billion, a PE ratio of 33.20, a PEG ratio of 3.14 and a beta of 1.03. The firm has a 50-day moving average price of $200.45 and a 200 day moving average price of $185.49. 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 (NASDAQ:TXN - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The semiconductor company reported $1.41 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.09. Texas Instruments had a return on equity of 30.10% and a net margin of 30.23%. The business had revenue of $4.45 billion during the quarter, compared to analysts' expectations of $4.31 billion. During the same period in the prior year, the business earned $1.17 EPS. The business's revenue for the quarter was up 16.4% compared to the same quarter last year. As a group, sell-side 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 will be paid on Tuesday, August 12th. Investors of record on Thursday, July 31st will be paid a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a dividend yield of 3.00%. The ex-dividend date is Thursday, July 31st. Texas Instruments's dividend payout ratio (DPR) is currently 99.63%.

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.