Sumitomo Mitsui Trust Group Inc. Grows Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Sumitomo Mitsui Trust Group Inc. raised its position in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 2.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,314,746 shares of the semiconductor company's stock after purchasing an additional 53,756 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.25% of Texas Instruments worth $415,960,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of TXN. Vanguard Group Inc. raised its holdings in Texas Instruments by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 93,567,277 shares of the semiconductor company's stock worth $17,544,800,000 after acquiring an additional 649,620 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Texas Instruments by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 21,554,142 shares of the semiconductor company's stock worth $4,032,599,000 after purchasing an additional 267,352 shares during the last quarter. Charles Schwab Investment Management Inc. increased 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 worth $4,029,115,000 after purchasing an additional 2,237,035 shares during the last quarter. Norges Bank acquired a new stake in shares of Texas Instruments in the 4th quarter valued at approximately $2,584,490,000. Finally, Alliancebernstein L.P. grew its stake in shares of Texas Instruments by 6.9% in the fourth quarter. Alliancebernstein L.P. now owns 12,706,971 shares of the semiconductor company's stock valued at $2,382,684,000 after buying an additional 822,797 shares in the last quarter. Institutional investors and hedge funds own 84.99% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. KeyCorp lowered their target price on shares of Texas Instruments from $250.00 to $215.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Mizuho set a $170.00 target price on shares of Texas Instruments in a report on Thursday, April 24th. JPMorgan Chase & Co. lowered their target price 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. Sanford C. Bernstein upgraded Texas Instruments from a "strong sell" rating to a "hold" rating in a research note on Thursday, June 5th. Finally, TD Securities reaffirmed a "hold" rating and issued a $160.00 price objective on shares of Texas Instruments in a research report on Thursday, April 24th. Four research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, Texas Instruments presently has an average rating of "Hold" and an average price target of $191.49.

Texas Instruments Stock Up 0.4%

Shares of TXN stock traded up $0.77 during trading hours on Friday, reaching $207.08. The company had a trading volume of 8,584,775 shares, compared to its average volume of 6,425,019. The company has a market cap of $188.13 billion, a price-to-earnings ratio of 39.29, a price-to-earnings-growth ratio of 3.36 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 Incorporated has a 12 month low of $139.95 and a 12 month high of $220.39. The business has a fifty day simple moving average of $182.58 and a 200-day simple moving average of $182.51.

Texas Instruments (NASDAQ:TXN - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 EPS for the quarter, beating analysts' consensus estimates of $1.06 by $0.22. Texas Instruments had a return on equity of 28.75% and a net margin of 30.36%. The business had revenue of $4.07 billion during the quarter, compared to analyst estimates of $3.91 billion. During the same period in the prior year, the firm posted $1.10 EPS. Texas Instruments's quarterly revenue was up 11.1% compared to the same quarter last year. On average, research analysts expect that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

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

Texas Instruments 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.