Vest Financial LLC Grows Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Vest Financial LLC increased its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 53.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 37,161 shares of the semiconductor company's stock after buying an additional 13,021 shares during the quarter. Vest Financial LLC's holdings in Texas Instruments were worth $6,678,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. Brighton Jones LLC grew its stake in Texas Instruments by 33.4% during the 4th quarter. Brighton Jones LLC now owns 16,840 shares of the semiconductor company's stock valued at $3,158,000 after purchasing an additional 4,218 shares in the last quarter. Union Bancaire Privee UBP SA acquired a new stake in Texas Instruments during the 4th quarter valued at approximately $6,544,000. Stratos Wealth Advisors LLC grew its stake in Texas Instruments by 10.8% during the 4th quarter. Stratos Wealth Advisors LLC now owns 1,340 shares of the semiconductor company's stock valued at $251,000 after purchasing an additional 131 shares in the last quarter. Private Management Group Inc. grew its stake in Texas Instruments by 13.1% during the 4th quarter. Private Management Group Inc. now owns 1,426 shares of the semiconductor company's stock valued at $267,000 after purchasing an additional 165 shares in the last quarter. Finally, Financial Advocates Investment Management grew its stake in Texas Instruments by 2.3% during the 4th quarter. Financial Advocates Investment Management now owns 2,743 shares of the semiconductor company's stock valued at $514,000 after purchasing an additional 61 shares in the last quarter. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have commented on the company. Barclays downgraded Texas Instruments from an "equal weight" rating to an "underweight" rating and reduced their target price for the stock from $180.00 to $125.00 in a report on Tuesday, April 22nd. Cantor Fitzgerald reduced their target price on Texas Instruments from $200.00 to $170.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. Rosenblatt Securities reaffirmed a "buy" rating and set a $216.00 target price on shares of Texas Instruments in a report on Thursday, April 24th. TD Securities reaffirmed a "hold" rating and set a $160.00 target price on shares of Texas Instruments in a report on Thursday, April 24th. Finally, Summit Insights downgraded Texas Instruments from a "buy" rating to a "hold" rating in a report on Thursday, April 24th. Four analysts have rated the stock with a sell rating, twelve have given a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $189.41.

Texas Instruments Stock Up 1.0%

Shares of TXN stock opened at $192.42 on Friday. Texas Instruments Incorporated has a 1 year low of $139.95 and a 1 year high of $220.39. The stock has a market cap of $174.81 billion, a PE ratio of 37.08, a price-to-earnings-growth ratio of 3.30 and a beta of 0.97. The business's fifty day moving average is $168.87 and its 200-day moving average is $182.16. 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 issued its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share (EPS) for the quarter, beating 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 company had revenue of $4.07 billion for the quarter, compared to analysts' expectations of $3.91 billion. During the same period last year, the firm earned $1.10 EPS. The firm's revenue for the quarter was up 11.1% on a year-over-year basis. Equities analysts expect that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Stockholders of record on Wednesday, April 30th were given a $1.36 dividend. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $5.44 annualized dividend and a dividend yield of 2.83%. Texas Instruments's dividend payout ratio (DPR) is presently 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.

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