Texas Instruments Incorporated (NASDAQ:TXN) Position Increased by Rockland Trust Co.

Rockland Trust Co. raised its holdings in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 4.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 124,476 shares of the semiconductor company's stock after acquiring an additional 5,228 shares during the period. Rockland Trust Co.'s holdings in Texas Instruments were worth $22,368,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in TXN. Vanguard Group Inc. increased its position in Texas Instruments by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 93,567,277 shares of the semiconductor company's stock worth $17,544,800,000 after purchasing an additional 649,620 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Texas Instruments by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 21,554,142 shares of the semiconductor company's stock valued at $4,032,599,000 after buying an additional 267,352 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Texas Instruments by 11.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 21,487,468 shares of the semiconductor company's stock worth $4,029,115,000 after buying an additional 2,237,035 shares during the last quarter. Norges Bank purchased a new position in shares of Texas Instruments in the 4th quarter worth $2,584,490,000. Finally, Alliancebernstein L.P. raised its position in shares of Texas Instruments by 6.9% in the 4th quarter. Alliancebernstein L.P. now owns 12,706,971 shares of the semiconductor company's stock worth $2,382,684,000 after buying an additional 822,797 shares during the period. Hedge funds and other institutional investors own 84.99% of the company's stock.

Texas Instruments Stock Down 2.3%

NASDAQ TXN traded down $4.66 during mid-day trading on Friday, reaching $195.00. 5,138,164 shares of the company's stock traded hands, compared to its average volume of 6,367,122. 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 1-year low of $139.95 and a 1-year high of $220.39. The company has a fifty day simple moving average of $171.94 and a 200-day simple moving average of $182.19. The company has a market cap of $177.15 billion, a price-to-earnings ratio of 37.57, a P/E/G ratio of 3.30 and a beta of 1.00.

Texas Instruments (NASDAQ:TXN - Get Free Report) last released its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 EPS for the quarter, beating the consensus estimate of $1.06 by $0.22. The company had revenue of $4.07 billion during the quarter, compared to analysts' expectations of $3.91 billion. Texas Instruments had a return on equity of 28.08% and a net margin of 30.68%. The business's revenue was up 11.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.10 EPS. As a group, equities research analysts expect that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 13th. Stockholders of record on Wednesday, April 30th were given a dividend of $1.36 per share. The ex-dividend date was Wednesday, April 30th. This represents a $5.44 annualized dividend and a dividend yield of 2.79%. Texas Instruments's payout ratio is 103.23%.

Analyst Ratings Changes

TXN has been the subject of several research analyst reports. Robert W. Baird upgraded Texas Instruments from a "neutral" rating to an "outperform" rating and set a $175.00 price target for the company in a research note on Monday, April 7th. KeyCorp decreased their target price on Texas Instruments from $250.00 to $215.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. JPMorgan Chase & Co. cut their price target on shares of Texas Instruments from $230.00 to $195.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Summit Insights cut shares of Texas Instruments from a "buy" rating to a "hold" rating in a research report on Thursday, April 24th. Finally, TD Securities reissued a "hold" rating and issued a $160.00 price objective on shares of Texas Instruments in a research report on Thursday, April 24th. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $189.86.

Texas Instruments Company 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.