Clear Rock Advisors LLC Buys 288 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Clear Rock Advisors LLC increased its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 2.4% during the first quarter, Holdings Channel reports. The firm owned 12,505 shares of the semiconductor company’s stock after acquiring an additional 288 shares during the period. Clear Rock Advisors LLC’s holdings in Texas Instruments were worth $2,178,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Verity Asset Management Inc. boosted its stake in Texas Instruments by 1.1% in the first quarter. Verity Asset Management Inc. now owns 4,841 shares of the semiconductor company’s stock valued at $843,000 after buying an additional 54 shares in the last quarter. Keudell Morrison Wealth Management boosted its stake in shares of Texas Instruments by 1.5% during the first quarter. Keudell Morrison Wealth Management now owns 3,915 shares of the semiconductor company’s stock valued at $682,000 after purchasing an additional 59 shares in the last quarter. Chemistry Wealth Management LLC boosted its stake in shares of Texas Instruments by 5.2% during the first quarter. Chemistry Wealth Management LLC now owns 1,254 shares of the semiconductor company’s stock valued at $218,000 after purchasing an additional 62 shares in the last quarter. Field & Main Bank boosted its stake in shares of Texas Instruments by 10.4% during the fourth quarter. Field & Main Bank now owns 693 shares of the semiconductor company’s stock valued at $118,000 after purchasing an additional 65 shares in the last quarter. Finally, Guardian Wealth Management Inc. boosted its stake in shares of Texas Instruments by 0.6% during the fourth quarter. Guardian Wealth Management Inc. now owns 10,986 shares of the semiconductor company’s stock valued at $1,873,000 after purchasing an additional 65 shares in the last quarter. Institutional investors own 84.99% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on TXN shares. Wells Fargo & Company started coverage on Texas Instruments in a research report on Thursday, May 16th. They set an “underweight” rating and a $150.00 price objective for the company. Susquehanna raised their price objective on Texas Instruments from $205.00 to $250.00 and gave the stock a “positive” rating in a research report on Wednesday, July 17th. The Goldman Sachs Group raised their price objective on Texas Instruments from $157.00 to $176.00 and gave the stock a “sell” rating in a research report on Wednesday, July 24th. Rosenblatt Securities raised their price objective on Texas Instruments from $210.00 to $250.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. Finally, KeyCorp raised their price objective on Texas Instruments from $200.00 to $250.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Texas Instruments has an average rating of “Hold” and an average target price of $198.64.

Texas Instruments Stock Down 3.0 %

Shares of NASDAQ TXN traded down $5.87 during midday trading on Friday, hitting $187.46. 8,050,367 shares of the stock traded hands, compared to its average volume of 5,589,131. The company has a market cap of $171.16 billion, a PE ratio of 29.24, a P/E/G ratio of 4.21 and a beta of 0.99. Texas Instruments Incorporated has a one year low of $139.48 and a one year high of $210.84. The business has a 50 day moving average price of $197.84 and a two-hundred day moving average price of $180.87. The company has a debt-to-equity ratio of 0.75, a quick ratio of 3.49 and a current ratio of 4.62.

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

Texas Instruments Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 13th. Investors of record on Wednesday, July 31st will be given a dividend of $1.30 per share. The ex-dividend date is Wednesday, July 31st. This represents a $5.20 annualized dividend and a dividend yield of 2.77%. Texas Instruments’s payout ratio is 81.12%.

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.