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

Palisade Asset Management LLC lifted its position in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 10.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 65,734 shares of the semiconductor company's stock after acquiring an additional 6,143 shares during the period. Texas Instruments comprises approximately 1.2% of Palisade Asset Management LLC's holdings, making the stock its 29th largest position. Palisade Asset Management LLC's holdings in Texas Instruments were worth $11,812,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in TXN. Promus Capital LLC purchased a new stake in shares of Texas Instruments in the fourth quarter valued at $25,000. Summit Securities Group LLC acquired a new position in Texas Instruments during the fourth quarter valued at $27,000. Kohmann Bosshard Financial Services LLC purchased a new stake in Texas Instruments in the 4th quarter worth about $28,000. Copia Wealth Management acquired a new stake in Texas Instruments during the 4th quarter worth about $30,000. Finally, Quintet Private Bank Europe S.A. acquired a new stake in Texas Instruments during the 1st quarter worth about $34,000. Institutional investors and hedge funds own 84.99% of the company's stock.

Texas Instruments Price Performance

Shares of TXN stock traded up $0.77 during trading hours on Friday, reaching $207.08. 8,584,775 shares of the company were exchanged, compared to its average volume of 6,425,018. Texas Instruments Incorporated has a fifty-two week low of $139.95 and a fifty-two week high of $220.39. The stock's fifty day moving average is $181.40 and its two-hundred day moving average is $182.40. The company has a market cap of $188.13 billion, a price-to-earnings ratio of 39.29, a P/E/G ratio of 3.34 and a beta of 1.00. The company has a debt-to-equity ratio of 0.78, a current ratio of 5.26 and a quick ratio of 3.37.

Texas Instruments (NASDAQ:TXN - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.22. The firm 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 revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.10 EPS. Sell-side analysts forecast that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

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

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. KeyCorp dropped their target price on Texas Instruments from $250.00 to $215.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Cowen reiterated a "hold" rating on shares of Texas Instruments in a research note on Wednesday. Arete Research raised shares of Texas Instruments to a "hold" rating in a research note on Thursday. Citigroup boosted their price target on shares of Texas Instruments from $210.00 to $220.00 and gave the company a "buy" rating in a report on Monday, June 9th. Finally, Benchmark cut their price objective on Texas Instruments from $230.00 to $200.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Four equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $191.49.

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.