Texas Instruments Incorporated (NASDAQ:TXN) Shares Purchased by Olstein Capital Management L.P.

Olstein Capital Management L.P. increased its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 7.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,000 shares of the semiconductor company's stock after purchasing an additional 1,500 shares during the period. Olstein Capital Management L.P.'s holdings in Texas Instruments were worth $4,133,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TXN. Promus Capital LLC acquired a new stake in shares of Texas Instruments in the fourth quarter valued at about $25,000. Summit Securities Group LLC purchased a new stake in shares of Texas Instruments during the fourth quarter worth approximately $27,000. Kohmann Bosshard Financial Services LLC acquired a new stake in Texas Instruments during the 4th quarter worth $28,000. Copia Wealth Management acquired a new stake in shares of Texas Instruments in the fourth quarter valued at about $30,000. Finally, Atala Financial Inc purchased a new stake in Texas Instruments during the 4th quarter valued at about $37,000. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Texas Instruments Trading Up 1.0%

NASDAQ TXN opened at $192.42 on Monday. Texas Instruments Incorporated has a 52 week low of $139.95 and a 52 week high of $220.39. The firm has a 50 day moving average of $168.87 and a two-hundred day moving average of $181.94. The company has a quick ratio of 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $174.81 billion, a PE ratio of 37.08, a price-to-earnings-growth ratio of 3.30 and a beta of 1.00.

Texas Instruments (NASDAQ:TXN - Get Free Report) last issued its earnings results 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 net margin of 30.68% and a return on equity of 28.08%. The firm had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $3.91 billion. During the same quarter in the previous year, the firm posted $1.10 earnings per share. The company's revenue was up 11.1% compared to the same quarter last year. As a group, research analysts expect that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 13th. Investors of record on Wednesday, April 30th were issued a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date was Wednesday, April 30th. Texas Instruments's dividend payout ratio (DPR) is 103.23%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on TXN shares. Stifel Nicolaus reduced their price objective on Texas Instruments from $200.00 to $160.00 and set a "hold" rating on the stock in a research report on Thursday, April 17th. Wells Fargo & Company cut their price target on shares of Texas Instruments from $200.00 to $175.00 and set an "equal weight" rating for the company in a report on Thursday, April 24th. Seaport Res Ptn raised Texas Instruments to a "strong sell" rating in a research note on Wednesday, April 30th. KeyCorp lowered their target price on shares of Texas Instruments from $250.00 to $215.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Finally, Baird R W upgraded shares of Texas Instruments from a "hold" rating to a "strong-buy" rating in a report on Monday, April 7th. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, Texas Instruments currently has an average rating of "Hold" and a consensus 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.

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