Monument Capital Management acquired a new position in shares of Texas Instruments Incorporated (NASDAQ: TXN – Get Rating) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 1,200 shares of the semiconductor company stock, valued at approximately $ 220,000.
Several other institutional investors and hedge funds also recently made changes to their positions in TXN. Norges Bank purchased a new position in Texas Instruments in the fourth quarter valued at approximately $ 1,534,890,000. Renaissance Technologies LLC boosted its holdings in shares of Texas Instruments by 360.3% during the fourth quarter. Renaissance Technologies LLC now owns 1,704,000 shares of the semiconductor company stock valued at $ 321,153,000 after acquiring an additional 1,333,800 shares during the period. State Street Corp lifted its holdings in Texas Instruments by 2.9% in the fourth quarter. State Street Corp now owns 40,229,601 shares of the semiconductor company stock worth $ 7,582,073,000 after purchasing an additional 1,146,109 shares during the period. Toronto Dominion Bank lifted its holdings in Texas Instruments by 88.9% in the fourth quarter. Toronto Dominion Bank now owns 2,017,301 shares of the semiconductor company stock worth $ 380,194,000 after purchasing an additional 949,615 shares during the period. Finally, BlackRock Inc. raised its position in Texas Instruments by 1.2% in the fourth quarter. BlackRock Inc. now owns 73,785,202 shares of the semiconductor company stock worth $ 13,906,299,000 after acquiring an additional 885,939 shares in the last quarter. Institutional investors and hedge funds own 83.96% of the company stock.
Several equities analysts have weighed in on TXN shares. Jefferies Financial Group lowered their target price on Texas Instruments from $ 220.00 to $ 203.00 and set a “buy” rating on the stock in a research note on Wednesday, April 27th. Truist Financial cut their target price on Texas Instruments from $ 189.00 to $ 172.00 in a research note on Wednesday, April 27th. Susquehanna dropped their price objective on Texas Instruments from $ 230.00 to $ 215.00 and set a “buy” rating for the company in a research note on Wednesday, April 27th. KeyCorp decreased their target price on Texas Instruments from $ 240.00 to $ 220.00 and set an “overweight” rating on the stock in a report on Wednesday, April 27th. Finally, Barclays decreased their price target on Texas Instruments from $ 170.00 to $ 150.00 and set an “underweight” rating on the stock in a report on Wednesday, April 27th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Texas Instruments currently has an average rating of “Hold” and a consensus target price of $ 191.67.
Texas Instruments stock opened at $ 151.14 on Friday. Texas Instruments Incorporated has a one year low of $ 149.10 and a one year high of $ 202.26. The business has a fifty day moving average price of $ 167.90 and a 200-day moving average price of $ 175.31. The company has a debt-to-equity ratio of 0.52, a current ratio of 5.54 and a quick ratio of 4.73. The firm has a market capitalization of $ 139.37 billion, a P / E ratio of 17.29, a PEG ratio of 1.88 and a beta of 0.94.
Texas Instruments (NASDAQ: TXN – Get Rating) last posted its quarterly earnings data on Tuesday, April 26th. The semiconductor company reported $ 2.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $ 2.17 by $ 0.18. Texas Instruments had a return on equity of 64.89% and a net margin of 43.34%. The company had revenue of $ 4.91 billion during the quarter, compared to analyst estimates of $ 4.73 billion. During the same quarter last year, the company earned $ 1.87 earnings per share. The firm’s quarterly revenue was up 14.4% on a year-over-year basis. Sell-side analysts expect that Texas Instruments Incorporated will post 8.74 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 17th. Stockholders of record on Monday, May 9th were issued a $ 1.15 dividend. The ex-dividend date of this dividend was Friday, May 6th. This represents a $ 4.60 annualized dividend and a dividend yield of 3.04%. Texas Instruments’s dividend payout ratio is currently 52.63%.
In related news, VP Hagop H. Kozanian sold 5,904 shares of the business’s stock in a transaction that occurred on Friday, May 13th. The shares were sold at an average price of $ 170.23, for a total value of $ 1,005,037.92. Following the completion of the transaction, the vice president now directly owns 44,885 shares in the company, valued at approximately $ 7,640,773.55. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Robert E. Sanchez sold 12,299 shares of the business’s stock in a transaction on Friday, May 13th. The shares were sold at an average price of $ 169.40, for a total transaction of $ 2,083,450.60. Following the sale, the director now owns 19,201 shares of the company stock, valued at $ 3,252,649.40. The disclosure for this sale can be found here. 0.54% of the stock is owned by company insiders.
Texas Instruments Profile: (Get Rating)
Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements at various levels using battery-management solutions, DC / DC switching regulators, AC / DC and isolated controllers and converters, power switches, linear regulators, voltage supervisors, voltage references, and lighting products.
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