Zhang Financial LLC Buys Shares of 2,732 Texas Instruments Incorporated (NASDAQ:TXN)

Zhang Financial LLC bought a new position in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,732 shares of the semiconductor company's stock, valued at approximately $491,000.

Several other institutional investors have also added to or reduced their stakes in TXN. Norges Bank bought a new stake in Texas Instruments during the 4th quarter worth approximately $2,584,490,000. GAMMA Investing LLC boosted its position in shares of Texas Instruments by 21,778.6% in the first quarter. GAMMA Investing LLC now owns 3,422,027 shares of the semiconductor company's stock worth $614,938,000 after purchasing an additional 3,406,386 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Texas Instruments by 11.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 21,487,468 shares of the semiconductor company's stock worth $4,029,115,000 after purchasing an additional 2,237,035 shares in the last quarter. Invesco Ltd. raised its position 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 valued at $2,230,086,000 after purchasing an additional 1,587,036 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in shares of Texas Instruments during the 4th quarter valued at $295,665,000. 84.99% of the stock is currently owned by institutional investors.

Texas Instruments Trading Down 2.3%

Shares of NASDAQ:TXN traded down $4.66 during trading hours on Friday, hitting $195.00. 5,138,164 shares of the company's stock traded hands, compared to its average volume of 6,367,122. The firm has a market capitalization of $177.15 billion, a P/E ratio of 37.57, a price-to-earnings-growth ratio of 3.30 and a beta of 1.00. The business has a fifty day moving average price of $171.94 and a 200-day moving average price of $182.19. Texas Instruments Incorporated has a 1 year low of $139.95 and a 1 year high of $220.39. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.12 and a quick ratio of 2.88.

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, topping analysts' consensus estimates of $1.06 by $0.22. The firm had revenue of $4.07 billion during the quarter, compared to analyst estimates of $3.91 billion. Texas Instruments had a return on equity of 28.08% and a net margin of 30.68%. Texas Instruments's quarterly revenue was up 11.1% compared to the same quarter last year. During the same period last year, the company earned $1.10 EPS. Equities analysts expect that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Announces Dividend

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

Analyst Upgrades and Downgrades

TXN has been the topic of a number of research reports. Morgan Stanley reiterated an "underweight" rating and issued a $148.00 price target (up from $146.00) on shares of Texas Instruments in a report on Thursday, April 24th. Benchmark reduced their target price on Texas Instruments from $230.00 to $200.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Stifel Nicolaus decreased their target price on Texas Instruments from $200.00 to $160.00 and set a "hold" rating on the stock in a research report on Thursday, April 17th. Mizuho set a $170.00 price target on Texas Instruments in a report on Thursday, April 24th. Finally, TD Securities reaffirmed a "hold" rating and issued a $160.00 price objective on shares of Texas Instruments in a research note on Thursday, April 24th. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $189.86.

Texas Instruments Company 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.