Praxis Investment Management Inc. Has $3.58 Million Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Praxis Investment Management Inc. lifted its position in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 9.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,930 shares of the semiconductor company's stock after buying an additional 1,660 shares during the quarter. Praxis Investment Management Inc.'s holdings in Texas Instruments were worth $3,581,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Gerber Kawasaki Wealth & Investment Management raised its stake in 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. raised its stake in Texas Instruments by 1.6% during 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 during the last quarter. Dunhill Financial LLC raised its stake in Texas Instruments by 3.7% during the 4th quarter. Dunhill Financial LLC now owns 1,707 shares of the semiconductor company's stock valued at $320,000 after purchasing an additional 61 shares during the last quarter. Prestige Wealth Management Group LLC raised its stake in Texas Instruments by 3.7% during the 4th quarter. Prestige Wealth Management Group LLC now owns 1,745 shares of the semiconductor company's stock valued at $327,000 after purchasing an additional 62 shares during the last quarter. Finally, Main Street Research LLC raised its stake in Texas Instruments by 3.1% during the 4th quarter. Main Street Research LLC now owns 2,110 shares of the semiconductor company's stock valued at $396,000 after purchasing an additional 63 shares during the last quarter. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Texas Instruments Price Performance

NASDAQ:TXN traded down $0.15 during mid-day trading on Friday, reaching $198.20. 12,890,749 shares of the company were exchanged, compared to its average volume of 6,388,167. Texas Instruments Incorporated has a 12 month low of $139.95 and a 12 month high of $220.39. The company has a fifty day moving average of $176.97 and a 200 day moving average of $182.00. The company has a quick ratio of 3.37, a current ratio of 5.26 and a debt-to-equity ratio of 0.78. The stock has a market cap of $180.06 billion, a PE ratio of 37.61, a PEG ratio of 3.23 and a beta of 1.00.

Texas Instruments (NASDAQ:TXN - Get Free Report) last released its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.06 by $0.22. Texas Instruments had a net margin of 30.36% and a return on equity of 28.75%. The company had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $3.91 billion. During the same period in the prior year, the company posted $1.10 EPS. The company's revenue was up 11.1% compared to the same quarter last year. On average, research analysts anticipate that Texas Instruments Incorporated will post 5.35 EPS 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 dividend of $1.36 per share. The ex-dividend date was Wednesday, April 30th. This represents a $5.44 dividend on an annualized basis and a yield of 2.74%. Texas Instruments's payout ratio is presently 103.23%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on TXN shares. Cantor Fitzgerald cut their target price on shares of Texas Instruments from $200.00 to $170.00 and set a "neutral" rating for the company in a research note on Thursday, April 24th. TD Securities reissued 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. lowered their price target on shares of Texas Instruments from $230.00 to $195.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Rosenblatt Securities reissued a "buy" rating and issued a $216.00 price target on shares of Texas Instruments in a report on Thursday, April 24th. Finally, Seaport Res Ptn raised shares of Texas Instruments to a "strong sell" rating in a report on Wednesday, April 30th. Four research analysts have rated the stock with a sell rating, twelve have given a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Texas Instruments has a consensus rating of "Hold" and an average price target of $190.55.

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.