GAMMA Investing LLC Increases Stake in Texas Instruments Incorporated (NASDAQ:TXN)

GAMMA Investing LLC boosted its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 21,778.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,422,027 shares of the semiconductor company's stock after buying an additional 3,406,386 shares during the period. GAMMA Investing LLC owned approximately 0.38% of Texas Instruments worth $614,938,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank purchased a new position in Texas Instruments during the 4th quarter valued at $2,584,490,000. Charles Schwab Investment Management Inc. grew its position in shares of Texas Instruments by 11.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 21,487,468 shares of the semiconductor company's stock valued at $4,029,115,000 after acquiring an additional 2,237,035 shares during the period. Invesco Ltd. grew its position in shares of Texas Instruments by 15.4% during the 4th quarter. Invesco Ltd. now owns 11,893,157 shares of the semiconductor company's stock valued at $2,230,086,000 after acquiring an additional 1,587,036 shares during the period. Raymond James Financial Inc. bought a new position in Texas Instruments in the 4th quarter worth $295,665,000. Finally, Van ECK Associates Corp boosted its holdings in Texas Instruments by 21.8% in the 4th quarter. Van ECK Associates Corp now owns 7,513,870 shares of the semiconductor company's stock worth $1,408,925,000 after buying an additional 1,345,629 shares during the period. Hedge funds and other institutional investors own 84.99% of the company's stock.

Texas Instruments Stock Up 2.1%

NASDAQ TXN traded up $3.87 during mid-day trading on Tuesday, hitting $188.08. The company's stock had a trading volume of 5,604,891 shares, compared to its average volume of 6,331,098. Texas Instruments Incorporated has a twelve month low of $139.95 and a twelve month high of $220.39. The firm has a market capitalization of $170.87 billion, a price-to-earnings ratio of 36.24, a PEG ratio of 3.30 and a beta of 0.97. The company has a current ratio of 4.12, a quick ratio of 2.88 and a debt-to-equity ratio of 0.76. The company's 50 day simple moving average is $167.94 and its 200 day simple moving average is $182.24.

Texas Instruments (NASDAQ:TXN - Get Free Report) last issued its quarterly earnings results 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. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. The company had revenue of $4.07 billion during the quarter, compared to analyst estimates of $3.91 billion. During the same quarter last year, the business posted $1.10 EPS. Texas Instruments's quarterly revenue was up 11.1% compared to the same quarter last year. Analysts anticipate that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Investors of record on Wednesday, April 30th were issued a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a dividend yield of 2.89%. The ex-dividend date of this dividend was Wednesday, April 30th. Texas Instruments's dividend payout ratio is currently 103.23%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on TXN. TD Securities reaffirmed a "hold" rating and issued a $160.00 price target on shares of Texas Instruments in a report on Thursday, April 24th. Baird R W raised shares of Texas Instruments from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 7th. Mizuho set a $170.00 price objective on shares of Texas Instruments in a report on Thursday, April 24th. Benchmark cut their price target on shares of Texas Instruments from $230.00 to $200.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Finally, Rosenblatt Securities reissued a "buy" rating and set a $216.00 price objective on shares of Texas Instruments in a report on Thursday, April 24th. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $189.41.

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.