Greenwood Capital Associates LLC Boosts Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Greenwood Capital Associates LLC increased its holdings in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 60.6% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 41,544 shares of the semiconductor company's stock after buying an additional 15,674 shares during the period. Texas Instruments accounts for approximately 1.0% of Greenwood Capital Associates LLC's portfolio, making the stock its 27th largest holding. Greenwood Capital Associates LLC's holdings in Texas Instruments were worth $7,465,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in TXN. Gerber Kawasaki Wealth & Investment Management increased its position in shares of Texas Instruments by 1.8% during the 4th quarter. Gerber Kawasaki Wealth & Investment Management now owns 3,187 shares of the semiconductor company's stock valued at $598,000 after purchasing an additional 56 shares during the last quarter. Voya Financial Advisors Inc. boosted its stake in shares of Texas Instruments by 1.6% in the 4th quarter. Voya Financial Advisors Inc. now owns 3,649 shares of the semiconductor company's stock valued at $686,000 after purchasing an additional 58 shares in the last quarter. Augustine Asset Management Inc. raised its position in Texas Instruments by 5.2% in the 4th quarter. Augustine Asset Management Inc. now owns 1,204 shares of the semiconductor company's stock worth $226,000 after purchasing an additional 60 shares during the period. Dunhill Financial LLC lifted its stake in Texas Instruments by 3.7% in the fourth quarter. Dunhill Financial LLC now owns 1,707 shares of the semiconductor company's stock worth $320,000 after purchasing an additional 61 shares during the last quarter. Finally, Prestige Wealth Management Group LLC grew its stake in shares of Texas Instruments by 3.7% during the fourth quarter. Prestige Wealth Management Group LLC now owns 1,745 shares of the semiconductor company's stock valued at $327,000 after buying an additional 62 shares during the last quarter. Institutional investors own 84.99% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Cantor Fitzgerald dropped their target price on Texas Instruments from $200.00 to $170.00 and set a "neutral" rating for the company in a report on Thursday, April 24th. Stifel Nicolaus decreased their price objective on shares of Texas Instruments from $200.00 to $160.00 and set a "hold" rating on the stock in a research report on Thursday, April 17th. Mizuho set a $170.00 price target on Texas Instruments in a report on Thursday, April 24th. KeyCorp dropped their price objective on Texas Instruments from $250.00 to $215.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Finally, Benchmark decreased their price target on shares of Texas Instruments from $230.00 to $200.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Four equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $189.86.

Texas Instruments Price Performance

NASDAQ:TXN traded down $4.52 during trading hours on Friday, reaching $195.14. The stock had a trading volume of 2,309,978 shares, compared to its average volume of 6,345,392. The stock has a market capitalization of $177.28 billion, a PE ratio of 37.72, a PEG ratio of 3.30 and a beta of 1.00. Texas Instruments Incorporated has a 52 week low of $139.95 and a 52 week high of $220.39. The company has a 50 day moving average price of $171.94 and a two-hundred day moving average price of $182.19. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.88 and a current ratio of 4.12.

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

Texas Instruments Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Stockholders of record on Wednesday, April 30th were issued a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.79%. The ex-dividend date was Wednesday, April 30th. Texas Instruments's dividend payout ratio (DPR) 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.