Wakefield Asset Management LLLP Invests $278,000 in Texas Instruments Incorporated (NASDAQ:TXN)

Wakefield Asset Management LLLP bought a new position in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,547 shares of the semiconductor company's stock, valued at approximately $278,000.

Several other large investors also recently made changes to their positions in the company. Gerber Kawasaki Wealth & Investment Management grew its stake in shares of 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 purchasing an additional 56 shares during the last quarter. Voya Financial Advisors Inc. lifted its position 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 valued at $686,000 after acquiring an additional 58 shares during the last quarter. Dunhill Financial LLC boosted its stake 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 acquiring an additional 61 shares in the last quarter. Sunbelt Securities Inc. grew its holdings in shares of Texas Instruments by 2.1% in the 4th quarter. Sunbelt Securities Inc. now owns 3,069 shares of the semiconductor company's stock worth $577,000 after acquiring an additional 63 shares during the last quarter. Finally, Country Club Bank raised its position in shares of Texas Instruments by 0.8% during the first quarter. Country Club Bank now owns 8,348 shares of the semiconductor company's stock worth $1,472,000 after purchasing an additional 65 shares during the period. Institutional investors and hedge funds own 84.99% of the company's stock.

Texas Instruments Trading Down 0.4%

Shares of NASDAQ TXN traded down $0.70 on Friday, reaching $184.99. 7,026,213 shares of the company traded hands, compared to its average volume of 7,390,832. The company has a 50 day moving average of $200.37 and a 200 day moving average of $185.56. The stock has a market capitalization of $168.06 billion, a PE ratio of 33.88, a P/E/G ratio of 3.01 and a beta of 1.03. 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 current ratio of 5.81, a quick ratio of 3.37 and a debt-to-equity ratio of 0.86.

Texas Instruments (NASDAQ:TXN - Get Free Report) last released its earnings results on Tuesday, July 22nd. The semiconductor company reported $1.41 EPS for the quarter, beating the consensus estimate of $1.32 by $0.09. Texas Instruments had a return on equity of 30.10% and a net margin of 30.23%. The company had revenue of $4.45 billion during the quarter, compared to analysts' expectations of $4.31 billion. During the same period in the prior year, the business posted $1.17 EPS. The business's revenue was up 16.4% on a year-over-year basis. On average, equities research analysts forecast that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 12th. Investors of record on Thursday, July 31st will be given a $1.36 dividend. The ex-dividend date of this dividend is Thursday, July 31st. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.94%. Texas Instruments's dividend payout ratio (DPR) is 99.63%.

Analysts Set New Price Targets

Several research analysts have commented on the stock. DZ Bank reiterated a "sell" rating and issued a $158.00 target price on shares of Texas Instruments in a report on Wednesday. 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. Benchmark increased their price objective on Texas Instruments from $200.00 to $220.00 and gave the company a "buy" rating in a research report on Wednesday. KeyCorp lifted their target price on Texas Instruments from $215.00 to $240.00 and gave the stock an "overweight" rating in a report on Tuesday, July 8th. Finally, The Goldman Sachs Group initiated coverage on shares of Texas Instruments in a research report on Thursday, July 10th. They issued a "buy" rating and a $255.00 target price for the company. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $211.40.

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.