3,560 Shares in Texas Instruments Incorporated (NASDAQ:TXN) Bought by Morningstar Investment Management LLC

Morningstar Investment Management LLC purchased a new position in Texas Instruments Incorporated (NASDAQ:TXN – Get Rating) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 3,560 shares of the semiconductor company’s stock, valued at approximately $588,000.

Other hedge funds have also bought and sold shares of the company. Core Wealth Advisors Inc. grew its holdings in Texas Instruments by 993.8% during the 3rd quarter. Core Wealth Advisors Inc. now owns 175 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 159 shares during the last quarter. My Personal CFO LLC bought a new position in Texas Instruments during the 4th quarter valued at about $31,000. Elequin Securities LLC bought a new position in Texas Instruments during the 4th quarter valued at about $33,000. Mendota Financial Group LLC bought a new position in Texas Instruments during the 4th quarter valued at about $34,000. Finally, Capital Directions Investment Advisors LLC bought a new position in Texas Instruments during the 4th quarter valued at about $36,000. Hedge funds and other institutional investors own 83.12% of the company’s stock.

Texas Instruments Price Performance

TXN traded up $5.61 during midday trading on Friday, hitting $175.23. 2,314,188 shares of the company traded hands, compared to its average volume of 5,091,960. The company has a current ratio of 5.17, a quick ratio of 4.04 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $159.05 billion, a price-to-earnings ratio of 19.06, a PEG ratio of 2.39 and a beta of 1.03. Texas Instruments Incorporated has a 52-week low of $144.46 and a 52-week high of $186.30. The business has a 50 day simple moving average of $172.96 and a two-hundred day simple moving average of $173.53.

Texas Instruments (NASDAQ:TXN – Get Rating) last posted its quarterly earnings data on Tuesday, April 25th. The semiconductor company reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.76 by $0.09. The business had revenue of $4.38 billion for the quarter, compared to the consensus estimate of $4.36 billion. Texas Instruments had a net margin of 42.33% and a return on equity of 56.40%. On average, equities analysts forecast that Texas Instruments Incorporated will post 7.48 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 16th. Stockholders of record on Monday, May 8th were paid a $1.24 dividend. This represents a $4.96 annualized dividend and a dividend yield of 2.83%. The ex-dividend date of this dividend was Friday, May 5th. Texas Instruments’s dividend payout ratio is currently 55.73%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Bank of America dropped their target price on shares of Texas Instruments from $205.00 to $195.00 in a research note on Wednesday, April 26th. Citigroup dropped their target price on shares of Texas Instruments from $175.00 to $173.00 in a research note on Wednesday, April 26th. StockNews.com began coverage on shares of Texas Instruments in a research report on Thursday, May 18th. They issued a “hold” rating for the company. Susquehanna upped their price target on shares of Texas Instruments from $205.00 to $210.00 and gave the stock a “positive” rating in a research report on Friday, February 3rd. Finally, UBS Group lowered their price target on shares of Texas Instruments from $185.00 to $175.00 in a research report on Wednesday, April 26th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Texas Instruments currently has an average rating of “Hold” and a consensus price target of $179.57.

Texas Instruments Company Profile

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Texas Instruments Incorporated engages in the design and manufacture of semiconductors. It operates through Analog and Embedded Processing segments. The Analog segment includes semiconductors change real-world signals, such as sound, temperature, pressure or images, by conditioning them, amplifying them and often converting them to a stream of digital data that can be processed by other semiconductors, such as embedded processors.