Taylor Frigon Capital Management LLC Takes Position in Texas Instruments Incorporated (NASDAQ:TXN)

Taylor Frigon Capital Management LLC bought a new stake in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 8,817 shares of the semiconductor company's stock, valued at approximately $1,584,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Promus Capital LLC bought a new stake in shares of Texas Instruments in the 4th quarter valued at about $25,000. Summit Securities Group LLC purchased a new stake in shares of Texas Instruments in the 4th quarter worth approximately $27,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Texas Instruments in the 4th quarter worth approximately $28,000. Copia Wealth Management purchased a new stake in shares of Texas Instruments in the 4th quarter worth approximately $30,000. Finally, Quintet Private Bank Europe S.A. purchased a new stake in shares of Texas Instruments in the 1st quarter worth approximately $34,000. Institutional investors own 84.99% of the company's stock.

Texas Instruments Stock Performance

Shares of NASDAQ:TXN opened at $207.08 on Monday. The firm has a 50 day moving average of $182.58 and a 200 day moving average of $182.39. The company has a market capitalization of $188.13 billion, a price-to-earnings ratio of 39.29, a price-to-earnings-growth ratio of 3.37 and a beta of 1.00. The company has a quick ratio of 3.37, a current ratio of 5.26 and a debt-to-equity ratio of 0.78. Texas Instruments Incorporated has a 52 week low of $139.95 and a 52 week high of $220.39.

Texas Instruments (NASDAQ:TXN - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.06 by $0.22. The business had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $3.91 billion. Texas Instruments had a return on equity of 28.75% and a net margin of 30.36%. The business's quarterly revenue was up 11.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.10 earnings per share. On average, sell-side analysts predict that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Investors of record on Wednesday, April 30th were given a $1.36 dividend. This represents a $5.44 annualized dividend and a dividend yield of 2.63%. The ex-dividend date was Wednesday, April 30th. Texas Instruments's payout ratio is 103.23%.

Analyst Upgrades and Downgrades

TXN has been the topic of several recent analyst reports. UBS Group cut their target price on Texas Instruments from $225.00 to $215.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Baird R W upgraded Texas Instruments from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 7th. DZ Bank upgraded Texas Instruments from a "sell" rating to a "hold" rating and set a $163.00 target price on the stock in a research note on Friday, April 25th. Citigroup increased their price target on Texas Instruments from $210.00 to $220.00 and gave the company a "buy" rating in a report on Monday, June 9th. Finally, Truist Financial lowered their price target on Texas Instruments from $195.00 to $171.00 and set a "hold" rating on the stock in a report on Thursday, April 24th. Four analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $191.49.

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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