Harvest Fund Management Co. Ltd boosted its holdings in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 116.8% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 178,194 shares of the semiconductor company's stock after acquiring an additional 96,005 shares during the quarter. Texas Instruments accounts for about 1.6% of Harvest Fund Management Co. Ltd's investment portfolio, making the stock its 13th largest position. Harvest Fund Management Co. Ltd's holdings in Texas Instruments were worth $32,272,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Summit Securities Group LLC purchased a new stake in Texas Instruments during the 4th quarter valued at about $27,000. Cloud Capital Management LLC purchased a new stake in Texas Instruments during the 1st quarter valued at about $28,000. Copia Wealth Management purchased a new stake in Texas Instruments during the 4th quarter valued at about $30,000. Quintet Private Bank Europe S.A. purchased a new stake in Texas Instruments during the 1st quarter valued at about $34,000. Finally, Park Square Financial Group LLC purchased a new stake in Texas Instruments during the 4th quarter valued at about $41,000. 84.99% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
TXN has been the subject of a number of recent analyst reports. Truist Financial upped their price target on Texas Instruments from $171.00 to $196.00 and gave the company a "hold" rating in a research report on Wednesday, July 23rd. UBS Group set a $255.00 price target on Texas Instruments in a research report on Tuesday, July 22nd. The Goldman Sachs Group started coverage on Texas Instruments in a research report on Thursday, July 10th. They set a "buy" rating and a $255.00 price target for the company. Citigroup reissued a "buy" rating on shares of Texas Instruments in a research report on Tuesday, July 22nd. Finally, Arete Research raised Texas Instruments to a "hold" rating in a research report on Thursday, June 26th. Four equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $212.21.
View Our Latest Research Report on Texas Instruments
Texas Instruments Stock Performance
TXN traded down $0.20 during midday trading on Friday, hitting $180.86. 6,622,415 shares of the company were exchanged, compared to its average volume of 7,408,316. The company's 50 day simple moving average is $200.47 and its 200 day simple moving average is $185.42. The firm has a market capitalization of $164.43 billion, a price-to-earnings ratio of 33.12, a price-to-earnings-growth ratio of 3.11 and a beta of 1.03. The company has a current ratio of 5.81, a quick ratio of 3.88 and a debt-to-equity ratio of 0.86. Texas Instruments Incorporated has a 1-year low of $139.95 and a 1-year high of $221.69.
Texas Instruments (NASDAQ:TXN - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The semiconductor company reported $1.41 earnings per share for the quarter, beating analysts' consensus estimates of $1.32 by $0.09. Texas Instruments had a net margin of 30.23% and a return on equity of 30.10%. The firm had revenue of $4.45 billion for the quarter, compared to analyst estimates of $4.31 billion. During the same period last year, the company posted $1.17 EPS. Texas Instruments's quarterly revenue 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 earnings per share for the current year.
Texas Instruments Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 12th. Stockholders of record on Thursday, July 31st will be given a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Thursday, July 31st. Texas Instruments's payout ratio is 99.63%.
Texas Instruments Profile
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Free Report)
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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