Covea Finance Increases Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Covea Finance grew its position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 160.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 150,850 shares of the semiconductor company's stock after purchasing an additional 92,900 shares during the quarter. Texas Instruments makes up about 1.2% of Covea Finance's investment portfolio, making the stock its 27th largest position. Covea Finance's holdings in Texas Instruments were worth $27,108,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Brighton Jones LLC grew its stake in shares of Texas Instruments by 33.4% during the fourth quarter. Brighton Jones LLC now owns 16,840 shares of the semiconductor company's stock valued at $3,158,000 after buying an additional 4,218 shares during the last quarter. Union Bancaire Privee UBP SA purchased a new stake in Texas Instruments during the 4th quarter valued at about $6,544,000. Bank Pictet & Cie Europe AG grew its position in Texas Instruments by 14.8% during the 4th 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 last quarter. Global Retirement Partners LLC grew its position in Texas Instruments by 6.0% during the 4th quarter. Global Retirement Partners LLC now owns 11,911 shares of the semiconductor company's stock worth $2,233,000 after acquiring an additional 672 shares during the last quarter. Finally, Private Advisor Group LLC increased its stake in Texas Instruments by 4.3% in the 4th quarter. Private Advisor Group LLC now owns 71,197 shares of the semiconductor company's stock worth $13,350,000 after purchasing an additional 2,948 shares during the period. 84.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on TXN shares. Summit Insights lowered Texas Instruments from a "buy" rating to a "hold" rating in a research note on Thursday, April 24th. Rosenblatt Securities reissued a "buy" rating and set a $216.00 price target on shares of Texas Instruments in a research report on Thursday, April 24th. Sanford C. Bernstein raised shares of Texas Instruments from a "strong sell" rating to a "hold" rating in a report on Thursday, June 5th. KeyCorp lowered their price objective 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, Barclays lowered shares of Texas Instruments from an "equal weight" rating to an "underweight" rating and dropped their target price for the stock from $180.00 to $125.00 in a report on Tuesday, April 22nd. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, Texas Instruments has an average rating of "Hold" and a consensus target price of $190.55.

Texas Instruments Stock Down 0.1%

TXN stock traded down $0.15 during midday trading on Friday, hitting $198.20. The stock had a trading volume of 12,890,749 shares, compared to its average volume of 6,388,167. The business has a 50-day moving average of $176.97 and a two-hundred day moving average of $182.00. The company has a debt-to-equity ratio of 0.78, a current ratio of 5.26 and a quick ratio of 3.37. The firm has a market cap of $180.06 billion, a price-to-earnings ratio of 37.61, a price-to-earnings-growth ratio of 3.23 and a beta of 1.00. Texas Instruments Incorporated has a 52-week low of $139.95 and a 52-week high of $220.39.

Texas Instruments (NASDAQ:TXN - Get Free Report) last announced its 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. The firm had revenue of $4.07 billion for the quarter, compared to analysts' expectations of $3.91 billion. Texas Instruments had a net margin of 30.36% and a return on equity of 28.75%. The company's quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.10 EPS. As a group, equities research analysts forecast that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders 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 2.74%. The ex-dividend date of this dividend was Wednesday, April 30th. Texas Instruments's dividend payout ratio (DPR) is presently 103.23%.

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.