Hobbs Group Advisors LLC Makes New Investment in Texas Instruments Incorporated (NASDAQ:TXN)

Hobbs Group Advisors LLC acquired a new stake in Texas Instruments Incorporated (NASDAQ:TXN) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 339 shares of the semiconductor company’s stock, valued at approximately $66,000.

A number of other institutional investors have also recently made changes to their positions in TXN. Tennessee Valley Asset Management Partners bought a new position in Texas Instruments during the 4th quarter valued at approximately $25,000. Richardson Financial Services Inc. bought a new position in shares of Texas Instruments during the fourth quarter valued at approximately $26,000. Scarborough Advisors LLC bought a new position in shares of Texas Instruments during the fourth quarter valued at approximately $26,000. Westend Capital Management LLC purchased a new stake in Texas Instruments in the first quarter worth $31,000. Finally, Pacific Capital Wealth Advisors Inc. bought a new stake in Texas Instruments in the fourth quarter valued at $31,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Texas Instruments Stock Up 0.9 %

TXN traded up $1.88 during trading on Tuesday, hitting $202.54. 7,108,150 shares of the company’s stock traded hands, compared to its average volume of 5,521,955. Texas Instruments Incorporated has a 12-month low of $139.48 and a 12-month high of $210.84. The company’s 50 day simple moving average is $197.22 and its two-hundred day simple moving average is $183.14. The company has a current ratio of 4.62, a quick ratio of 3.49 and a debt-to-equity ratio of 0.75. The stock has a market capitalization of $184.41 billion, a price-to-earnings ratio of 31.63, a PEG ratio of 4.25 and a beta of 0.99.

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 return on equity of 31.10% and a net margin of 33.01%. The company had revenue of $3.82 billion during the quarter, compared to analysts’ expectations of $3.82 billion. During the same quarter in the prior year, the business earned $1.87 earnings per share. Texas Instruments’s revenue for the quarter was down 15.6% compared to the same quarter last year. Analysts predict that Texas Instruments Incorporated will post 5.11 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, August 13th. Shareholders of record on Wednesday, July 31st were given a $1.30 dividend. The ex-dividend date of this dividend was Wednesday, July 31st. This represents a $5.20 annualized dividend and a yield of 2.57%. Texas Instruments’s payout ratio is presently 81.12%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on TXN. Robert W. Baird lifted their target price on shares of Texas Instruments from $175.00 to $200.00 and gave the company a “neutral” rating in a research note on Wednesday, July 24th. JPMorgan Chase & Co. raised their target price on Texas Instruments from $195.00 to $230.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Mizuho lifted their price target on Texas Instruments from $164.00 to $170.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. Evercore ISI increased their price objective on Texas Instruments from $255.00 to $268.00 and gave the stock an “outperform” rating in a report on Tuesday. Finally, Susquehanna raised their price objective on Texas Instruments from $205.00 to $250.00 and gave the company a “positive” rating in a research report on Wednesday, July 17th. Four equities research 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.com, Texas Instruments presently has an average rating of “Hold” and an average price target of $200.59.

Texas Instruments 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.