Texas Instruments Incorporated (NASDAQ:TXN) Shares Acquired by Gradient Investments LLC

Gradient Investments LLC lifted its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 42.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 555 shares of the semiconductor company’s stock after purchasing an additional 165 shares during the period. Gradient Investments LLC’s holdings in Texas Instruments were worth $108,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Silver Oak Securities Incorporated acquired a new stake in Texas Instruments in the fourth quarter valued at $222,000. First National Advisers LLC increased its stake in Texas Instruments by 27.6% during the fourth quarter. First National Advisers LLC now owns 9,516 shares of the semiconductor company’s stock valued at $1,623,000 after purchasing an additional 2,059 shares during the last quarter. Nordea Investment Management AB increased its stake in Texas Instruments by 16.9% during the first quarter. Nordea Investment Management AB now owns 1,005,547 shares of the semiconductor company’s stock valued at $175,538,000 after purchasing an additional 145,328 shares during the last quarter. Public Employees Retirement Association of Colorado increased its stake in Texas Instruments by 5,858.6% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 646,869 shares of the semiconductor company’s stock valued at $110,265,000 after purchasing an additional 636,013 shares during the last quarter. Finally, Advisors Capital Management LLC increased its stake in Texas Instruments by 185.7% during the first quarter. Advisors Capital Management LLC now owns 316,421 shares of the semiconductor company’s stock valued at $55,124,000 after purchasing an additional 205,676 shares during the last quarter. 84.99% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have weighed in on TXN. The Goldman Sachs Group boosted their target price on shares of Texas Instruments from $157.00 to $176.00 and gave the company a “sell” rating in a research note on Wednesday, July 24th. Jefferies Financial Group boosted their target price on shares of Texas Instruments from $175.00 to $185.00 and gave the company a “hold” rating in a research note on Wednesday, July 24th. Stifel Nicolaus boosted their target price on shares of Texas Instruments from $172.00 to $200.00 and gave the company a “hold” rating in a research note on Thursday, July 18th. Truist Financial upped their price target on shares of Texas Instruments from $167.00 to $203.00 and gave the stock a “hold” rating in a research report on Wednesday, July 24th. Finally, Oppenheimer restated a “market perform” rating on shares of Texas Instruments in a research report on Wednesday, April 24th. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $198.64.

Texas Instruments Trading Down 0.7 %

TXN stock traded down $1.40 during mid-day trading on Friday, reaching $200.53. 4,236,423 shares of the stock traded hands, compared to its average volume of 5,522,879. The company has a current ratio of 4.62, a quick ratio of 3.49 and a debt-to-equity ratio of 0.75. Texas Instruments Incorporated has a 52-week low of $139.48 and a 52-week high of $210.84. The company has a market cap of $182.58 billion, a P/E ratio of 31.28, a P/E/G ratio of 4.25 and a beta of 0.99. The stock’s fifty day moving average is $197.16 and its 200-day moving average is $182.54.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data on Tuesday, July 23rd. The semiconductor company reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.06. Texas Instruments had a net margin of 33.01% and a return on equity of 31.10%. The company had revenue of $3.82 billion during the quarter, compared to analyst estimates of $3.82 billion. During the same period in the prior year, the firm earned $1.87 earnings per share. The business’s quarterly revenue was down 15.6% on a year-over-year basis. As a group, sell-side analysts expect that Texas Instruments Incorporated will post 5.11 earnings per share for the current year.

Texas Instruments Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 13th. Stockholders of record on Wednesday, July 31st were issued a $1.30 dividend. The ex-dividend date of this dividend was Wednesday, July 31st. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.59%. Texas Instruments’s dividend payout ratio is 81.12%.

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.