Sharp Financial Services LLC Takes $381,000 Position in Texas Instruments Incorporated (NASDAQ:TXN)

Sharp Financial Services LLC purchased a new stake in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor purchased 2,118 shares of the semiconductor company's stock, valued at approximately $381,000.

Several other hedge funds also recently added to or reduced their stakes in TXN. Concurrent Investment Advisors LLC increased its position in shares of Texas Instruments by 10.1% during the first quarter. Concurrent Investment Advisors LLC now owns 20,124 shares of the semiconductor company's stock worth $3,616,000 after acquiring an additional 1,843 shares during the period. World Investment Advisors increased its position in shares of Texas Instruments by 18.4% during the first quarter. World Investment Advisors now owns 11,129 shares of the semiconductor company's stock worth $2,000,000 after acquiring an additional 1,730 shares during the period. Wayfinding Financial LLC purchased a new position in shares of Texas Instruments during the first quarter worth approximately $110,000. Argyle Capital Management LLC increased its position in shares of Texas Instruments by 9.8% during the first quarter. Argyle Capital Management LLC now owns 3,700 shares of the semiconductor company's stock worth $665,000 after acquiring an additional 330 shares during the period. Finally, Brookstone Capital Management increased its holdings in Texas Instruments by 104.1% during the first quarter. Brookstone Capital Management now owns 34,033 shares of the semiconductor company's stock valued at $6,116,000 after buying an additional 17,359 shares during the period. 84.99% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on TXN. Arete Research raised shares of Texas Instruments to a "hold" rating in a report on Thursday, June 26th. Wells Fargo & Company set a $190.00 price objective on shares of Texas Instruments and gave the company an "equal weight" rating in a report on Monday, June 16th. JPMorgan Chase & Co. cut their price objective 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. Cantor Fitzgerald cut their price objective on shares of Texas Instruments from $200.00 to $170.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. Finally, Barclays lowered shares of Texas Instruments from an "equal weight" rating to an "underweight" rating and cut their price objective for the company from $180.00 to $125.00 in a report on Tuesday, April 22nd. Four analysts have rated the stock with a sell rating, sixteen have given a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Texas Instruments has an average rating of "Hold" and a consensus price target of $191.49.

Texas Instruments Stock Performance

Shares of TXN stock opened at $215.57 on Friday. The company has a market capitalization of $195.83 billion, a P/E ratio of 40.90, a P/E/G ratio of 3.52 and a beta of 1.03. The business's 50 day moving average is $188.48 and its two-hundred day moving average is $183.29. The company has a current ratio of 5.26, a quick ratio of 3.37 and a debt-to-equity ratio of 0.78. Texas Instruments Incorporated has a 12-month low of $139.95 and a 12-month high of $220.39.

Texas Instruments (NASDAQ:TXN - Get Free Report) last released its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.22. Texas Instruments had a return on equity of 28.75% and a net margin of 30.36%. The business 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 business posted $1.10 earnings per share. The business's quarterly revenue was up 11.1% compared to the same quarter last year. Analysts expect that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal 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 2.52%. Texas Instruments's payout ratio is 103.23%.

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.

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