Tredje AP fonden Grows Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Tredje AP fonden increased its holdings in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 45.0% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 176,868 shares of the semiconductor company's stock after buying an additional 54,868 shares during the period. Tredje AP fonden's holdings in Texas Instruments were worth $31,783,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Cloud Capital Management LLC bought a new stake in shares of Texas Instruments in the first quarter worth about $28,000. Copia Wealth Management purchased a new stake in Texas Instruments in the fourth quarter worth about $30,000. Quintet Private Bank Europe S.A. purchased a new stake in Texas Instruments in the first quarter worth about $34,000. Park Square Financial Group LLC purchased a new stake in Texas Instruments in the fourth quarter worth about $41,000. Finally, N.E.W. Advisory Services LLC purchased a new stake in Texas Instruments in the first quarter worth about $42,000. Hedge funds and other institutional investors own 84.99% of the company's stock.

Wall Street Analysts Forecast Growth

TXN has been the subject of several recent research reports. TD Securities reiterated a "hold" rating and set a $160.00 target price on shares of Texas Instruments in a report on Thursday, April 24th. Citigroup reiterated a "buy" rating on shares of Texas Instruments in a report on Tuesday, July 22nd. Arete initiated coverage on shares of Texas Instruments in a report on Thursday, June 26th. They set a "neutral" rating and a $203.80 target price for the company. Truist Financial boosted their price objective on shares of Texas Instruments from $171.00 to $196.00 and gave the stock a "hold" rating in a report on Wednesday, July 23rd. Finally, Seaport Res Ptn upgraded shares of Texas Instruments from a "strong sell" rating to a "hold" rating in a report on Monday, July 21st. Four research analysts have rated the stock with a sell rating, thirteen have given a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $212.21.

Texas Instruments Stock Down 0.1%

TXN stock traded down $0.20 during trading on Friday, hitting $180.86. 6,622,415 shares of the company's stock traded hands, compared to its average volume of 7,408,316. The firm has a market capitalization of $164.43 billion, a P/E ratio of 33.12, a PEG ratio of 3.11 and a beta of 1.03. The business has a fifty day simple moving average of $200.47 and a two-hundred day simple moving average of $185.42. The company has a quick ratio of 3.88, a current ratio of 5.81 and a debt-to-equity ratio of 0.86. Texas Instruments Incorporated has a 1 year low of $139.95 and a 1 year high of $221.69.

Texas Instruments (NASDAQ:TXN - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The semiconductor company reported $1.41 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.09. Texas Instruments had a net margin of 30.23% and a return on equity of 30.10%. The company had revenue of $4.45 billion during the quarter, compared to the consensus estimate of $4.31 billion. During the same period last year, the firm earned $1.17 earnings per share. Texas Instruments's revenue was up 16.4% compared to the same quarter last year. Sell-side analysts anticipate that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 12th. Shareholders of record on Thursday, July 31st will be given a $1.36 dividend. The ex-dividend date is Thursday, July 31st. This represents a $5.44 dividend on an annualized basis and a dividend yield of 3.0%. Texas Instruments's dividend payout ratio is 99.63%.

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.