Verity & Verity LLC Raises Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Verity & Verity LLC lifted its holdings in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 3.6% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 111,136 shares of the semiconductor company's stock after purchasing an additional 3,910 shares during the period. Texas Instruments comprises 1.8% of Verity & Verity LLC's holdings, making the stock its 20th biggest position. Verity & Verity LLC's holdings in Texas Instruments were worth $19,971,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of TXN. Mizuho Securities USA LLC increased its stake in Texas Instruments by 46.0% during the 4th quarter. Mizuho Securities USA LLC now owns 86,457 shares of the semiconductor company's stock valued at $16,212,000 after purchasing an additional 27,251 shares in the last quarter. Union Bancaire Privee UBP SA acquired a new stake in shares of Texas Instruments in the fourth quarter worth $6,544,000. Banque Pictet & Cie SA increased its stake in shares of Texas Instruments by 0.9% in the fourth quarter. Banque Pictet & Cie SA now owns 2,197,676 shares of the semiconductor company's stock worth $412,086,000 after acquiring an additional 18,650 shares during the period. Nicholas Hoffman & Company LLC. increased its stake in shares of Texas Instruments by 17.9% in the fourth quarter. Nicholas Hoffman & Company LLC. now owns 5,125 shares of the semiconductor company's stock worth $961,000 after acquiring an additional 778 shares during the period. Finally, Mn Services Vermogensbeheer B.V. increased its stake in shares of Texas Instruments by 2.1% in the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 358,784 shares of the semiconductor company's stock worth $67,276,000 after acquiring an additional 7,500 shares during the period. Hedge funds and other institutional investors own 84.99% of the company's stock.

Texas Instruments Trading Down 2.3%

Shares of TXN traded down $4.66 during trading on Friday, reaching $195.00. 5,138,164 shares of the company traded hands, compared to its average volume of 6,378,731. Texas Instruments Incorporated has a twelve month low of $139.95 and a twelve month high of $220.39. The stock has a market cap of $177.15 billion, a PE ratio of 37.57, a price-to-earnings-growth ratio of 3.30 and a beta of 1.00. The stock has a 50-day simple moving average of $172.92 and a 200-day simple moving average of $182.03. The company has a quick ratio of 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76.

Texas Instruments (NASDAQ:TXN - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share for the quarter, beating analysts' consensus estimates of $1.06 by $0.22. The firm had revenue of $4.07 billion during the quarter, compared to analysts' expectations of $3.91 billion. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. The business's quarterly revenue was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.10 earnings per share. On average, analysts anticipate that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 13th. Investors of record on Wednesday, April 30th were issued a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.79%. The ex-dividend date was Wednesday, April 30th. Texas Instruments's dividend payout ratio (DPR) is currently 103.23%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on TXN. Benchmark cut their price objective on shares of Texas Instruments from $230.00 to $200.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Summit Insights lowered shares of Texas Instruments from a "buy" rating to a "hold" rating in a research note on Thursday, April 24th. Mizuho set a $170.00 price objective on shares of Texas Instruments in a research note on Thursday, April 24th. Barclays downgraded shares of Texas Instruments from an "equal weight" rating to an "underweight" rating and lowered their price target for the stock from $180.00 to $125.00 in a report on Tuesday, April 22nd. Finally, Stifel Nicolaus lowered their price target on shares of Texas Instruments from $200.00 to $160.00 and set a "hold" rating on the stock in a report on Thursday, April 17th. Four equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $189.86.

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.