Thurston Springer Miller Herd & Titak Inc. Increases Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Thurston Springer Miller Herd & Titak Inc. grew its position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 22.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,737 shares of the semiconductor company's stock after purchasing an additional 4,027 shares during the period. Thurston Springer Miller Herd & Titak Inc.'s holdings in Texas Instruments were worth $3,906,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Promus Capital LLC bought a new position in shares of Texas Instruments in the 4th quarter worth $25,000. Summit Securities Group LLC bought a new position in Texas Instruments in the fourth quarter valued at $27,000. Kohmann Bosshard Financial Services LLC purchased a new stake in Texas Instruments during the fourth quarter valued at about $28,000. Copia Wealth Management purchased a new stake in Texas Instruments during the fourth quarter valued at about $30,000. Finally, Atala Financial Inc bought a new stake in Texas Instruments during the fourth quarter worth about $37,000. Institutional investors own 84.99% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on TXN shares. Citigroup decreased their price objective on Texas Instruments from $235.00 to $210.00 and set a "buy" rating on the stock in a report on Friday, April 11th. JPMorgan Chase & Co. decreased their price target on shares of Texas Instruments from $230.00 to $195.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. DZ Bank raised shares of Texas Instruments from a "sell" rating to a "hold" rating and set a $163.00 price objective for the company in a research note on Friday, April 25th. Summit Insights lowered shares of Texas Instruments from a "buy" rating to a "hold" rating in a report on Thursday, April 24th. Finally, Benchmark lowered their price target on shares of Texas Instruments from $230.00 to $200.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $189.41.

Texas Instruments Trading Up 1.0%

Shares of NASDAQ TXN traded up $1.93 during midday trading on Friday, hitting $192.42. 5,338,058 shares of the company traded hands, compared to its average volume of 6,330,206. Texas Instruments Incorporated has a 12-month low of $139.95 and a 12-month high of $220.39. The firm has a market cap of $174.81 billion, a P/E ratio of 37.08, a P/E/G ratio of 3.30 and a beta of 0.97. The stock has a 50-day moving average price of $168.59 and a 200 day moving average price of $182.22. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.88 and a current ratio of 4.12.

Texas Instruments (NASDAQ:TXN - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.22. Texas Instruments had a return on equity of 28.08% and a net margin of 30.68%. The firm had revenue of $4.07 billion during the quarter, compared to analyst estimates of $3.91 billion. During the same quarter in the prior year, the company earned $1.10 EPS. The business's revenue was up 11.1% compared to the same quarter last year. As a group, analysts expect that Texas Instruments Incorporated will post 5.35 earnings per share for the current 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 given a dividend of $1.36 per share. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $5.44 dividend on an annualized basis and a yield of 2.83%. Texas Instruments's dividend payout ratio (DPR) is currently 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.