Torray Investment Partners LLC Purchases 34,380 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Key Points

Error: Response status code does not indicate success: 429 (Too Many Requests).

Torray Investment Partners LLC boosted its stake in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 51.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 101,098 shares of the semiconductor company's stock after buying an additional 34,380 shares during the period. Texas Instruments accounts for approximately 2.7% of Torray Investment Partners LLC's investment portfolio, making the stock its 8th largest holding. Torray Investment Partners LLC's holdings in Texas Instruments were worth $18,167,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Gerber Kawasaki Wealth & Investment Management lifted its stake in Texas Instruments by 1.8% in the 4th quarter. Gerber Kawasaki Wealth & Investment Management now owns 3,187 shares of the semiconductor company's stock worth $598,000 after acquiring an additional 56 shares in the last quarter. Voya Financial Advisors Inc. grew its holdings in shares of Texas Instruments by 1.6% during the 4th quarter. Voya Financial Advisors Inc. now owns 3,649 shares of the semiconductor company's stock worth $686,000 after purchasing an additional 58 shares in the last quarter. FSB Premier Wealth Management Inc. lifted its position in shares of Texas Instruments by 1.7% during the 1st quarter. FSB Premier Wealth Management Inc. now owns 3,494 shares of the semiconductor company's stock worth $628,000 after buying an additional 60 shares during the period. Dunhill Financial LLC lifted its position in shares of Texas Instruments by 3.7% during the 4th quarter. Dunhill Financial LLC now owns 1,707 shares of the semiconductor company's stock worth $320,000 after buying an additional 61 shares during the period. Finally, Sunbelt Securities Inc. boosted its stake in Texas Instruments by 2.1% in the fourth quarter. Sunbelt Securities Inc. now owns 3,069 shares of the semiconductor company's stock worth $577,000 after purchasing an additional 63 shares in the last quarter. 84.99% of the stock is owned by institutional investors and hedge funds.

Texas Instruments Stock Performance

NASDAQ:TXN opened at $189.52 on Thursday. Texas Instruments Incorporated has a fifty-two week low of $139.95 and a fifty-two week high of $221.69. The company has a quick ratio of 3.88, a current ratio of 5.81 and a debt-to-equity ratio of 0.86. The firm's fifty day simple moving average is $200.45 and its 200-day simple moving average is $185.49. The stock has a market cap of $172.17 billion, a PE ratio of 34.71, a price-to-earnings-growth ratio of 3.14 and a beta of 1.03.

Texas Instruments (NASDAQ:TXN - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The semiconductor company reported $1.41 EPS for the quarter, beating analysts' consensus estimates of $1.32 by $0.09. The company had revenue of $4.45 billion during the quarter, compared to the consensus estimate of $4.31 billion. Texas Instruments had a net margin of 30.23% and a return on equity of 30.10%. The company's quarterly revenue was up 16.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.17 EPS. 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 disclosed a quarterly dividend, which will be paid on Tuesday, August 12th. Investors of record on Thursday, July 31st will be paid a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a yield of 2.87%. The ex-dividend date of this dividend is Thursday, July 31st. Texas Instruments's dividend payout ratio (DPR) is presently 99.63%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on TXN shares. Baird R W upgraded Texas Instruments from a "hold" rating to a "strong-buy" rating in a report on Monday, April 7th. Robert W. Baird upped their price objective on Texas Instruments from $175.00 to $220.00 and gave the company an "outperform" rating in a research note on Wednesday, July 23rd. Arete assumed coverage on Texas Instruments in a research note on Thursday, June 26th. They set a "neutral" rating and a $203.80 target price on the stock. Rosenblatt Securities reissued a "buy" rating and set a $245.00 price target on shares of Texas Instruments in a research report on Wednesday, July 23rd. Finally, Truist Financial increased their price target on Texas Instruments from $171.00 to $196.00 and gave the stock a "hold" rating in a research report on Wednesday, July 23rd. Four equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $212.21.

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.

Want to see what other hedge funds are holding TXN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Texas Instruments Incorporated (NASDAQ:TXN - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.