Texas Instruments Incorporated (NASDAQ:TXN) Shares Purchased by American Trust

American Trust lifted its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 27.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,344 shares of the semiconductor company’s stock after purchasing an additional 6,878 shares during the period. American Trust’s holdings in Texas Instruments were worth $5,635,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in TXN. Independence Bank of Kentucky grew its stake in shares of Texas Instruments by 194.8% in the 4th quarter. Independence Bank of Kentucky now owns 2,768 shares of the semiconductor company’s stock worth $472,000 after purchasing an additional 1,829 shares during the last quarter. Webster Bank N. A. boosted its holdings in shares of Texas Instruments by 20.1% in the fourth quarter. Webster Bank N. A. now owns 1,663 shares of the semiconductor company’s stock worth $283,000 after buying an additional 278 shares during the period. Householder Group Estate & Retirement Specialist LLC boosted its holdings in shares of Texas Instruments by 62.7% in the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 607 shares of the semiconductor company’s stock worth $103,000 after buying an additional 234 shares during the period. StrategIQ Financial Group LLC boosted its holdings in shares of Texas Instruments by 3.0% in the fourth quarter. StrategIQ Financial Group LLC now owns 3,749 shares of the semiconductor company’s stock worth $639,000 after buying an additional 109 shares during the period. Finally, Trust Point Inc. acquired a new position in shares of Texas Instruments in the fourth quarter worth about $1,193,000. Institutional investors and hedge funds own 84.99% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the stock. Stifel Nicolaus raised their target price on shares of Texas Instruments from $172.00 to $200.00 and gave the stock a “hold” rating in a report on Thursday, July 18th. Truist Financial boosted their price objective on shares of Texas Instruments from $167.00 to $203.00 and gave the company a “hold” rating in a research report on Wednesday, July 24th. Benchmark reaffirmed a “buy” rating and set a $230.00 price objective on shares of Texas Instruments in a research report on Wednesday, July 24th. TD Cowen boosted their price objective on shares of Texas Instruments from $160.00 to $175.00 and gave the company a “hold” rating in a research report on Wednesday, April 24th. Finally, Evercore ISI boosted their price objective on shares of Texas Instruments from $213.00 to $225.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $198.64.

Texas Instruments Stock Performance

NASDAQ:TXN traded down $5.87 during trading hours on Friday, hitting $187.46. 8,050,367 shares of the company traded hands, compared to its average volume of 5,589,131. The stock has a market capitalization of $171.16 billion, a price-to-earnings ratio of 29.24, a P/E/G ratio of 4.21 and a beta of 0.99. Texas Instruments Incorporated has a twelve month low of $139.48 and a twelve month high of $210.84. The firm has a 50-day moving average of $197.84 and a 200 day moving average of $180.99. 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 (NASDAQ:TXN) last released its earnings results 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 analysts’ expectations of $3.82 billion. Texas Instruments had a net margin of 33.01% and a return on equity of 31.10%. The business’s quarterly revenue was down 15.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.87 EPS. On average, analysts forecast that Texas Instruments Incorporated will post 5.11 EPS for the current year.

Texas Instruments Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 13th. Stockholders of record on Wednesday, July 31st will be paid a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date of this dividend is Wednesday, July 31st. 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.