XML Financial LLC Increases Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

XML Financial LLC increased its position in Texas Instruments Incorporated (NASDAQ:TXN) by 16.6% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,847 shares of the semiconductor company’s stock after acquiring an additional 405 shares during the period. XML Financial LLC’s holdings in Texas Instruments were worth $554,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Texas Instruments by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 90,572,576 shares of the semiconductor company’s stock valued at $15,778,648,000 after buying an additional 536,206 shares during the last quarter. Capital Research Global Investors raised its stake in Texas Instruments by 4.7% during the 1st quarter. Capital Research Global Investors now owns 28,715,467 shares of the semiconductor company’s stock valued at $5,002,522,000 after buying an additional 1,279,828 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Texas Instruments by 6.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 20,048,334 shares of the semiconductor company’s stock valued at $3,398,637,000 after buying an additional 1,154,513 shares during the last quarter. Franklin Resources Inc. raised its stake in Texas Instruments by 10.1% during the 4th quarter. Franklin Resources Inc. now owns 11,928,210 shares of the semiconductor company’s stock valued at $2,033,283,000 after buying an additional 1,095,303 shares during the last quarter. Finally, Norges Bank purchased a new stake in Texas Instruments during the 4th quarter valued at $1,649,592,000. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Texas Instruments Stock Up 2.9 %

Shares of NASDAQ TXN traded up $5.83 during midday trading on Wednesday, reaching $208.37. 8,119,023 shares of the company’s stock traded hands, compared to its average volume of 5,538,104. The company has a quick ratio of 3.49, a current ratio of 4.62 and a debt-to-equity ratio of 0.75. The stock’s 50 day simple moving average is $197.51 and its 200-day simple moving average is $183.61. Texas Instruments Incorporated has a one year low of $139.48 and a one year high of $210.88. The company has a market cap of $189.72 billion, a price-to-earnings ratio of 32.51, a P/E/G ratio of 4.36 and a beta of 0.99.

Texas Instruments (NASDAQ:TXN) last announced its earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.06. The company had revenue of $3.82 billion during the quarter, compared to the consensus estimate of $3.82 billion. Texas Instruments had a net margin of 33.01% and a return on equity of 31.10%. Texas Instruments’s revenue was down 15.6% compared to the same quarter last year. During the same period last year, the firm earned $1.87 earnings per share. On average, analysts predict that Texas Instruments Incorporated will post 5.11 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 13th. Stockholders of record on Wednesday, July 31st were paid a dividend of $1.30 per share. The ex-dividend date was Wednesday, July 31st. This represents a $5.20 annualized dividend and a dividend yield of 2.50%. Texas Instruments’s payout ratio is currently 81.12%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. KeyCorp boosted their price objective on shares of Texas Instruments from $200.00 to $250.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $210.00 target price on shares of Texas Instruments in a report on Wednesday. Morgan Stanley upped their target price on shares of Texas Instruments from $150.00 to $156.00 and gave the stock an “underweight” rating in a report on Thursday, July 11th. Susquehanna increased their price objective on shares of Texas Instruments from $205.00 to $250.00 and gave the company a “positive” rating in a report on Wednesday, July 17th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Texas Instruments from $195.00 to $230.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. Four analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Texas Instruments has an average rating of “Hold” and a consensus target price of $201.95.

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.