Texas Instruments Incorporated (NASDAQ:TXN) Shares Purchased by Twin Capital Management Inc.

Twin Capital Management Inc. increased its position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 621.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,040 shares of the semiconductor company's stock after purchasing an additional 8,648 shares during the period. Twin Capital Management Inc.'s holdings in Texas Instruments were worth $1,804,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TXN. Brighton Jones LLC lifted its position in shares of Texas Instruments by 33.4% during the 4th quarter. Brighton Jones LLC now owns 16,840 shares of the semiconductor company's stock worth $3,158,000 after buying an additional 4,218 shares during the last quarter. Bank Pictet & Cie Europe AG raised its position in Texas Instruments by 14.8% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 138,350 shares of the semiconductor company's stock valued at $25,942,000 after purchasing an additional 17,840 shares during the last quarter. Proficio Capital Partners LLC raised its position in Texas Instruments by 69.0% in the 4th quarter. Proficio Capital Partners LLC now owns 3,834 shares of the semiconductor company's stock valued at $719,000 after purchasing an additional 1,566 shares during the last quarter. Lee Danner & Bass Inc. purchased a new stake in Texas Instruments in the 4th quarter valued at $96,000. Finally, TD Private Client Wealth LLC raised its position in Texas Instruments by 6.4% in the 4th quarter. TD Private Client Wealth LLC now owns 11,236 shares of the semiconductor company's stock valued at $2,107,000 after purchasing an additional 680 shares during the last quarter. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Truist Financial boosted their price objective on shares of Texas Instruments from $171.00 to $196.00 and gave the company a "hold" rating in a research note on Wednesday. Susquehanna lowered their price target on shares of Texas Instruments from $250.00 to $240.00 and set a "positive" rating on the stock in a research note on Tuesday. Arete started coverage on shares of Texas Instruments in a research note on Thursday, June 26th. They set a "neutral" rating and a $203.80 price target on the stock. Citigroup reaffirmed a "buy" rating on shares of Texas Instruments in a research note on Tuesday. Finally, JPMorgan Chase & Co. increased their price objective on shares of Texas Instruments from $195.00 to $225.00 and gave the company an "overweight" rating in a research note on Wednesday. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Texas Instruments currently has a consensus rating of "Hold" and a consensus price target of $209.20.

Texas Instruments Stock Performance

TXN traded down $0.78 during trading hours on Thursday, hitting $185.47. 3,797,869 shares of the stock were exchanged, compared to its average volume of 7,352,967. The stock has a 50-day simple moving average of $200.41 and a 200-day simple moving average of $185.61. Texas Instruments Incorporated has a 12 month low of $139.95 and a 12 month high of $221.69. The stock has a market cap of $168.49 billion, a price-to-earnings ratio of 33.97, a price-to-earnings-growth ratio of 3.50 and a beta of 1.03. The company has a debt-to-equity ratio of 0.78, a current ratio of 5.26 and a quick ratio of 3.37.

Texas Instruments (NASDAQ:TXN - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The semiconductor company reported $1.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.32 by $0.09. The company had revenue of $4.45 billion for the quarter, compared to analysts' expectations of $4.31 billion. Texas Instruments had a return on equity of 29.90% and a net margin of 30.23%. The firm's quarterly revenue was up 16.4% compared to the same quarter last year. During the same period last year, the business posted $1.17 earnings per share. Analysts anticipate that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 12th. Stockholders of record on Thursday, July 31st will be issued a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date of this dividend is Thursday, July 31st. Texas Instruments's dividend payout ratio (DPR) is 103.23%.

About Texas Instruments

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.