Texas Instruments Incorporated (NASDAQ:TXN) Shares Bought by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC grew its holdings in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 13.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,378 shares of the semiconductor company's stock after purchasing an additional 7,753 shares during the quarter. Wedge Capital Management L L P NC's holdings in Texas Instruments were worth $11,569,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank acquired a new stake in Texas Instruments during the fourth quarter worth about $2,584,490,000. GAMMA Investing LLC grew its stake in shares of Texas Instruments by 21,778.6% in the 1st quarter. GAMMA Investing LLC now owns 3,422,027 shares of the semiconductor company's stock valued at $614,938,000 after buying an additional 3,406,386 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Texas Instruments by 11.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 21,487,468 shares of the semiconductor company's stock valued at $4,029,115,000 after buying an additional 2,237,035 shares during the period. Invesco Ltd. increased its holdings in shares of Texas Instruments by 15.4% during the 4th quarter. Invesco Ltd. now owns 11,893,157 shares of the semiconductor company's stock worth $2,230,086,000 after buying an additional 1,587,036 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of Texas Instruments during the 4th quarter valued at approximately $295,665,000. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

TXN has been the subject of several analyst reports. TD Securities reiterated a "hold" rating and issued a $160.00 price objective on shares of Texas Instruments in a research report on Thursday, April 24th. Barclays downgraded Texas Instruments from an "equal weight" rating to an "underweight" rating and cut their price objective for the stock from $180.00 to $125.00 in a research report on Tuesday, April 22nd. Truist Financial reduced their price objective on shares of Texas Instruments from $195.00 to $171.00 and set a "hold" rating on the stock in a report on Thursday, April 24th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $216.00 target price on shares of Texas Instruments in a research report on Thursday, April 24th. Finally, Argus upgraded shares of Texas Instruments to a "strong-buy" rating in a research report on Friday, April 25th. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Texas Instruments has an average rating of "Hold" and a consensus price target of $189.86.

Texas Instruments Stock Down 1.3%

NASDAQ:TXN traded down $2.60 during midday trading on Wednesday, reaching $199.69. The company had a trading volume of 5,058,230 shares, compared to its average volume of 6,365,808. Texas Instruments Incorporated has a 12-month low of $139.95 and a 12-month high of $220.39. The firm has a market capitalization of $181.41 billion, a price-to-earnings ratio of 38.48, a PEG ratio of 3.30 and a beta of 1.00. The company has a current ratio of 4.12, a quick ratio of 2.88 and a debt-to-equity ratio of 0.76. The stock's fifty day simple moving average is $171.02 and its 200-day simple moving average is $182.21.

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 (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 business had revenue of $4.07 billion during the quarter, compared to analysts' expectations of $3.91 billion. During the same quarter last year, the business posted $1.10 EPS. The business's quarterly revenue was up 11.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Wednesday, April 30th were issued a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a yield of 2.72%. The ex-dividend date was Wednesday, April 30th. Texas Instruments's dividend payout ratio (DPR) is presently 103.23%.

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.