Xponance Inc. Increases Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Xponance Inc. boosted its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 1.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 138,157 shares of the semiconductor company's stock after acquiring an additional 2,470 shares during the quarter. Xponance Inc.'s holdings in Texas Instruments were worth $24,827,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Summit Securities Group LLC acquired a new position in shares of Texas Instruments during the 4th quarter worth approximately $27,000. Cloud Capital Management LLC acquired a new position in shares of Texas Instruments during the 1st quarter worth approximately $28,000. Copia Wealth Management acquired a new position in shares of Texas Instruments during the 4th quarter worth approximately $30,000. Quintet Private Bank Europe S.A. acquired a new position in shares of Texas Instruments during the 1st quarter worth approximately $34,000. Finally, Atala Financial Inc acquired a new position in shares of Texas Instruments during the 4th quarter worth approximately $37,000. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Texas Instruments Stock Performance

Shares of Texas Instruments stock opened at $219.66 on Friday. The business has a 50-day moving average of $192.98 and a 200 day moving average of $184.11. Texas Instruments Incorporated has a 12 month low of $139.95 and a 12 month high of $220.87. The stock has a market capitalization of $199.55 billion, a price-to-earnings ratio of 41.68, a price-to-earnings-growth ratio of 3.52 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 announced its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 EPS for the quarter, beating analysts' consensus estimates of $1.06 by $0.22. Texas Instruments had a return on equity of 28.75% and a net margin of 30.36%. The company had revenue of $4.07 billion during the quarter, compared to analysts' expectations of $3.91 billion. During the same period last year, the business posted $1.10 EPS. Texas Instruments's revenue for the quarter was up 11.1% on a year-over-year basis. As a group, sell-side analysts forecast that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Investors of record on Wednesday, April 30th were issued a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date of this dividend was Wednesday, April 30th. Texas Instruments's dividend payout ratio (DPR) is 103.23%.

Analysts Set New Price Targets

TXN has been the subject of several research analyst reports. The Goldman Sachs Group assumed coverage on Texas Instruments in a research note on Thursday. They set a "buy" rating and a $255.00 target price for the company. Morgan Stanley reiterated an "underweight" rating and set a $148.00 price target (up from $146.00) on shares of Texas Instruments in a research report on Thursday, April 24th. Benchmark dropped their price target on Texas Instruments from $230.00 to $200.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Wells Fargo & Company set a $190.00 price target on Texas Instruments and gave the stock an "equal weight" rating in a research report on Monday, June 16th. Finally, Cantor Fitzgerald dropped their price target on Texas Instruments from $200.00 to $170.00 and set a "neutral" rating for the company in a research report on Thursday, April 24th. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Texas Instruments has a consensus rating of "Hold" and a consensus price target of $202.08.

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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