Norris Perne & French LLP MI Raises Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Norris Perne & French LLP MI increased its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 0.8% in the 1st quarter, Holdings Channel.com reports. The fund owned 107,600 shares of the semiconductor company’s stock after acquiring an additional 885 shares during the quarter. Texas Instruments comprises approximately 1.3% of Norris Perne & French LLP MI’s investment portfolio, making the stock its 29th biggest position. Norris Perne & French LLP MI’s holdings in Texas Instruments were worth $18,745,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Astoria Portfolio Advisors LLC. boosted its position in shares of Texas Instruments by 5.4% during the 1st quarter. Astoria Portfolio Advisors LLC. now owns 3,257 shares of the semiconductor company’s stock valued at $542,000 after acquiring an additional 166 shares during the last quarter. Financial Management Professionals Inc. lifted its position in Texas Instruments by 9.8% in the first quarter. Financial Management Professionals Inc. now owns 4,446 shares of the semiconductor company’s stock valued at $775,000 after buying an additional 396 shares during the last quarter. Harbour Capital Advisors LLC lifted its position in Texas Instruments by 6.1% in the first quarter. Harbour Capital Advisors LLC now owns 2,011 shares of the semiconductor company’s stock valued at $343,000 after buying an additional 116 shares during the last quarter. Norwood Financial Corp acquired a new position in Texas Instruments in the first quarter valued at about $32,000. Finally, Sendero Wealth Management LLC lifted its position in Texas Instruments by 4.3% in the first quarter. Sendero Wealth Management LLC now owns 7,785 shares of the semiconductor company’s stock valued at $1,356,000 after buying an additional 320 shares during the last quarter. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Texas Instruments Stock Performance

Shares of NASDAQ TXN traded up $1.10 during mid-day trading on Friday, hitting $194.53. 8,860,990 shares of the company were exchanged, compared to its average volume of 4,647,702. The company has a quick ratio of 3.76, a current ratio of 4.91 and a debt-to-equity ratio of 0.76. The stock has a 50 day simple moving average of $190.26 and a 200-day simple moving average of $175.16. Texas Instruments Incorporated has a 1-year low of $139.48 and a 1-year high of $206.00. The firm has a market cap of $177.12 billion, a price-to-earnings ratio of 30.35, a price-to-earnings-growth ratio of 4.19 and a beta of 1.00.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.13. Texas Instruments had a return on equity of 35.28% and a net margin of 35.16%. The firm had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.61 billion. During the same period last year, the company earned $1.85 earnings per share. The company’s revenue for the quarter was down 16.4% on a year-over-year basis. On average, sell-side analysts forecast that Texas Instruments Incorporated will post 5.13 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 21st. Shareholders of record on Wednesday, May 8th were issued a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date was Tuesday, May 7th. Texas Instruments’s dividend payout ratio (DPR) is currently 81.12%.

Analysts Set New Price Targets

Several analysts have recently issued reports on TXN shares. Citigroup increased their price target on shares of Texas Instruments from $167.00 to $185.00 and gave the stock a “neutral” rating in a research report on Monday, May 13th. Robert W. Baird upped their target price on shares of Texas Instruments from $125.00 to $175.00 and gave the stock a “neutral” rating in a research note on Thursday, April 25th. Barclays upped their target price on shares of Texas Instruments from $150.00 to $190.00 and gave the stock an “equal weight” rating in a research note on Monday, May 20th. Cantor Fitzgerald upped their target price on shares of Texas Instruments from $180.00 to $210.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 15th. Finally, Jefferies Financial Group lowered shares of Texas Instruments from a “buy” rating to a “hold” rating and cut their target price for the stock from $200.00 to $175.00 in a research note on Monday, May 13th. Four analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Texas Instruments presently has a consensus rating of “Hold” and an average price target of $183.43.

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, Chairman Richard K. Templeton sold 100,440 shares of the firm’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $178.47, for a total value of $17,925,526.80. Following the completion of the sale, the chairman now owns 403,851 shares of the company’s stock, valued at $72,075,287.97. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Texas Instruments news, Chairman Richard K. Templeton sold 100,440 shares of the firm’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $178.47, for a total value of $17,925,526.80. Following the completion of the sale, the chairman now owns 403,851 shares of the company’s stock, valued at $72,075,287.97. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Pamela H. Patsley sold 9,990 shares of the firm’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $179.12, for a total value of $1,789,408.80. Following the completion of the transaction, the director now owns 33,348 shares of the company’s stock, valued at approximately $5,973,293.76. The disclosure for this sale can be found here. Over the last quarter, insiders sold 328,969 shares of company stock valued at $58,427,984. 0.68% of the stock is owned by company insiders.

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.