Kovitz Investment Group Partners LLC Purchases 2,111 Shares of Texas Instruments Incorporated $TXN

Key Points

• Kovitz Investment Group Partners LLC increased its holdings in Texas Instruments by 1.7%, owning 124,060 shares worth approximately $22.29 million following an additional purchase of 2,111 shares.
• A recent earnings report revealed Texas Instruments surpassed expectations with an EPS of $1.41 on revenues of $4.45 billion, reflecting a 16.4% year-over-year revenue increase.
• The company's latest quarterly dividend was $1.36 per share, resulting in a 2.8% dividend yield, with a payout ratio nearing 100%.

Kovitz Investment Group Partners LLC raised its position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 1.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 124,060 shares of the semiconductor company's stock after acquiring an additional 2,111 shares during the period. Kovitz Investment Group Partners LLC's holdings in Texas Instruments were worth $22,294,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its holdings in Texas Instruments by 33.4% in the 4th quarter. Brighton Jones LLC now owns 16,840 shares of the semiconductor company's stock worth $3,158,000 after buying an additional 4,218 shares in the last quarter. Bank Pictet & Cie Europe AG grew its holdings in Texas Instruments by 14.8% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 138,350 shares of the semiconductor company's stock worth $25,942,000 after acquiring an additional 17,840 shares during the period. XTX Topco Ltd acquired a new position in Texas Instruments during the fourth quarter worth about $587,000. Evergreen Capital Management LLC grew its holdings in Texas Instruments by 8.7% during the fourth quarter. Evergreen Capital Management LLC now owns 8,889 shares of the semiconductor company's stock worth $1,667,000 after acquiring an additional 708 shares during the period. Finally, NewEdge Advisors LLC grew its holdings in Texas Instruments by 3.7% during the fourth quarter. NewEdge Advisors LLC now owns 63,682 shares of the semiconductor company's stock worth $11,941,000 after acquiring an additional 2,288 shares during the period. Hedge funds and other institutional investors own 84.99% of the company's stock.

Analyst Upgrades and Downgrades

TXN has been the topic of several analyst reports. JPMorgan Chase & Co. increased their target price on shares of Texas Instruments from $195.00 to $225.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 23rd. Rosenblatt Securities reaffirmed a "buy" rating and issued a $245.00 price target on shares of Texas Instruments in a research report on Wednesday, July 23rd. Cowen reissued a "hold" rating on shares of Texas Instruments in a research report on Wednesday, June 25th. Sanford C. Bernstein raised Texas Instruments from a "strong sell" rating to a "hold" rating in a research report on Thursday, June 5th. Finally, Wells Fargo & Company decreased their target price on Texas Instruments from $215.00 to $195.00 and set an "equal weight" rating on the stock in a research report on Wednesday, July 23rd. Four equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $212.21.

Texas Instruments Trading Up 0.4%

Shares of TXN stock traded up $0.86 during trading hours on Friday, hitting $194.57. 5,871,480 shares of the company's stock traded hands, compared to its average volume of 8,377,313. The stock's 50 day simple moving average is $201.16 and its 200 day simple moving average is $185.16. The stock has a market cap of $176.89 billion, a PE ratio of 35.64, a price-to-earnings-growth ratio of 3.18 and a beta of 1.03. Texas Instruments Incorporated has a 12 month low of $139.95 and a 12 month high of $221.69. The company has a quick ratio of 3.88, a current ratio of 5.81 and a debt-to-equity ratio of 0.86.

Texas Instruments (NASDAQ:TXN - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The semiconductor company reported $1.41 EPS for the quarter, topping analysts' consensus estimates of $1.32 by $0.09. The business had revenue of $4.45 billion during the quarter, compared to analysts' expectations of $4.31 billion. Texas Instruments had a net margin of 30.23% and a return on equity of 30.10%. The business's quarterly revenue was up 16.4% on a year-over-year basis. During the same period last year, the company posted $1.17 earnings per share. On average, sell-side analysts anticipate that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 12th. Shareholders of record on Thursday, July 31st were given a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend was Thursday, July 31st. Texas Instruments's dividend payout ratio is presently 99.63%.

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.