Texas Instruments Incorporated (NASDAQ:TXN) Shares Bought by XML Financial LLC

XML Financial LLC boosted its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 16.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and 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 and other institutional investors also recently added to or reduced their stakes in the company. Silver Oak Securities Incorporated purchased a new stake in shares of Texas Instruments during the fourth quarter worth about $222,000. First National Advisers LLC grew its holdings in Texas Instruments by 27.6% in 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 period. Nordea Investment Management AB grew its holdings in Texas Instruments by 16.9% in 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 period. Public Employees Retirement Association of Colorado grew its holdings in Texas Instruments by 5,858.6% in 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 period. Finally, Advisors Capital Management LLC grew its holdings in Texas Instruments by 185.7% in 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 period. Institutional investors and hedge funds own 84.99% of the company’s stock.

Texas Instruments Price Performance

NASDAQ TXN traded up $5.83 on Wednesday, reaching $208.37. The company’s stock had a trading volume of 8,119,023 shares, compared to its average volume of 5,538,104. Texas Instruments Incorporated has a twelve month low of $139.48 and a twelve month high of $210.88. The company has a debt-to-equity ratio of 0.75, a quick ratio of 3.49 and a current ratio of 4.62. The stock has a market cap of $189.72 billion, a PE ratio of 32.51, a PEG ratio of 4.36 and a beta of 0.99. The firm’s 50 day moving average is $197.51 and its two-hundred day moving average is $183.61.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share 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 the consensus estimate of $3.82 billion. During the same period in the prior year, the company earned $1.87 EPS. Texas Instruments’s revenue was down 15.6% on a year-over-year basis. As a group, sell-side analysts predict that Texas Instruments Incorporated will post 5.11 EPS for the current year.

Texas Instruments Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on TXN. Rosenblatt Securities boosted their target price on shares of Texas Instruments from $210.00 to $250.00 and gave the company a “buy” rating in a report on Monday, July 22nd. Robert W. Baird boosted their target price on shares of Texas Instruments from $175.00 to $200.00 and gave the company a “neutral” rating in a report on Wednesday, July 24th. Truist Financial decreased their price objective on shares of Texas Instruments from $203.00 to $198.00 and set a “hold” rating for the company in a research note on Wednesday. Morgan Stanley boosted their target price on shares of Texas Instruments from $150.00 to $156.00 and gave the stock an “underweight” rating in a research report on Thursday, July 11th. Finally, Barclays upped their price target on shares of Texas Instruments from $190.00 to $210.00 and gave the company an “equal weight” rating in a report on Wednesday, July 24th. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target 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.