Palisade Asset Management LLC Acquires 6,143 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Palisade Asset Management LLC increased its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 10.3% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 65,734 shares of the semiconductor company's stock after purchasing an additional 6,143 shares during the period. Texas Instruments accounts for 1.2% of Palisade Asset Management LLC's investment portfolio, making the stock its 29th largest position. Palisade Asset Management LLC's holdings in Texas Instruments were worth $11,812,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in TXN. Asset Management One Co. Ltd. lifted its position in Texas Instruments by 5.0% during the 1st quarter. Asset Management One Co. Ltd. now owns 394,885 shares of the semiconductor company's stock valued at $70,961,000 after acquiring an additional 18,747 shares during the period. GHP Investment Advisors Inc. lifted its holdings in shares of Texas Instruments by 2.9% during the 1st quarter. GHP Investment Advisors Inc. now owns 52,429 shares of the semiconductor company's stock valued at $9,421,000 after buying an additional 1,475 shares during the period. Blossom Wealth Management boosted its position in Texas Instruments by 10.6% in the first quarter. Blossom Wealth Management now owns 1,257 shares of the semiconductor company's stock worth $226,000 after purchasing an additional 120 shares during the last quarter. Oppenheimer & Co. Inc. lifted its position in Texas Instruments by 2.5% during the first quarter. Oppenheimer & Co. Inc. now owns 61,335 shares of the semiconductor company's stock valued at $11,022,000 after purchasing an additional 1,524 shares in the last quarter. Finally, Stiles Financial Services Inc lifted its holdings in Texas Instruments by 0.7% during the first quarter. Stiles Financial Services Inc now owns 17,531 shares of the semiconductor company's stock valued at $3,150,000 after purchasing an additional 120 shares in the last quarter. 84.99% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

TXN has been the topic of a number of research analyst reports. KeyCorp decreased their target price on Texas Instruments from $250.00 to $215.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. TD Securities restated a "hold" rating and issued a $160.00 price target on shares of Texas Instruments in a report on Thursday, April 24th. JPMorgan Chase & Co. cut their target price on shares of Texas Instruments from $230.00 to $195.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. 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. Finally, Summit Insights lowered Texas Instruments from a "buy" rating to a "hold" rating in a report on Thursday, April 24th. Four 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 issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $190.55.

Texas Instruments Trading Up 2.2%

NASDAQ TXN traded up $4.42 on Tuesday, hitting $205.81. 7,580,558 shares of the company were exchanged, compared to its average volume of 6,385,663. Texas Instruments Incorporated has a twelve month low of $139.95 and a twelve month high of $220.39. The company's 50 day moving average price is $177.98 and its 200-day moving average price is $181.98. The company has a debt-to-equity ratio of 0.78, a current ratio of 5.26 and a quick ratio of 3.37. The firm has a market capitalization of $186.97 billion, a P/E ratio of 39.05, a price-to-earnings-growth ratio of 3.23 and a beta of 1.00.

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

Texas Instruments Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Wednesday, April 30th were given a $1.36 dividend. This represents a $5.44 annualized dividend and a yield of 2.64%. The ex-dividend date was Wednesday, April 30th. Texas Instruments's dividend payout ratio is 103.23%.

About Texas Instruments

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.