Platform Technology Partners Grows Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Platform Technology Partners grew its holdings in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 176.7% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 3,154 shares of the semiconductor company's stock after buying an additional 2,014 shares during the quarter. Platform Technology Partners' holdings in Texas Instruments were worth $567,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Summit Securities Group LLC bought a new position in Texas Instruments in the fourth quarter worth about $27,000. Cloud Capital Management LLC purchased a new position in shares of Texas Instruments during the 1st quarter worth approximately $28,000. Copia Wealth Management purchased a new position in shares of Texas Instruments during the 4th quarter worth approximately $30,000. Quintet Private Bank Europe S.A. bought a new position in shares of Texas Instruments in the 1st quarter worth approximately $34,000. Finally, Atala Financial Inc purchased a new position in shares of Texas Instruments in the 4th quarter valued at approximately $37,000. 84.99% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on TXN shares. DZ Bank raised Texas Instruments from a "sell" rating to a "hold" rating and set a $163.00 price target on the stock in a research note on Friday, April 25th. Robert W. Baird raised shares of Texas Instruments from a "neutral" rating to an "outperform" rating and set a $175.00 target price on the stock in a research report on Monday, April 7th. Truist Financial decreased their price target on shares of Texas Instruments from $195.00 to $171.00 and set a "hold" rating for the company in a research note on Thursday, April 24th. Barclays lowered shares of Texas Instruments from an "equal weight" rating to an "underweight" rating and dropped their price objective for the stock from $180.00 to $125.00 in a research note on Tuesday, April 22nd. Finally, Argus upgraded shares of Texas Instruments to a "strong-buy" rating in a report on Friday, April 25th. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $202.08.

Texas Instruments Stock Performance

Shares of NASDAQ:TXN traded up $1.59 during midday trading on Friday, reaching $221.25. 5,394,922 shares of the company's stock traded hands, compared to its average volume of 6,452,513. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.37 and a current ratio of 5.26. Texas Instruments Incorporated has a one year low of $139.95 and a one year high of $221.69. The company has a market cap of $201.00 billion, a price-to-earnings ratio of 41.98, a P/E/G ratio of 3.58 and a beta of 1.03. The stock has a 50 day moving average of $194.11 and a 200 day moving average of $184.31.

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

Texas Instruments Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 13th. Stockholders of record on Wednesday, April 30th were issued a dividend of $1.36 per share. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $5.44 annualized dividend and a dividend yield of 2.46%. Texas Instruments's payout ratio is 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.