&Partners Purchases New Stake in Texas Instruments Incorporated (NASDAQ:TXN)

&Partners acquired a new stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,807 shares of the semiconductor company’s stock, valued at approximately $1,324,000.

Other institutional investors also recently modified their holdings of the company. Tennessee Valley Asset Management Partners bought a new stake in shares of Texas Instruments in the 4th quarter worth approximately $25,000. Richardson Financial Services Inc. bought a new position in Texas Instruments in the 4th quarter worth $26,000. Scarborough Advisors LLC bought a new stake in shares of Texas Instruments during the 4th quarter valued at about $26,000. Westend Capital Management LLC purchased a new position in shares of Texas Instruments during the first quarter valued at about $31,000. Finally, Pacific Capital Wealth Advisors Inc. bought a new position in Texas Instruments in the fourth quarter worth about $31,000. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on TXN. Robert W. Baird raised their target price on Texas Instruments from $175.00 to $200.00 and gave the company a “neutral” rating in a research note on Wednesday, July 24th. KeyCorp increased their target price on Texas Instruments from $200.00 to $250.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. JPMorgan Chase & Co. lifted their price target on Texas Instruments from $195.00 to $230.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. Morgan Stanley increased their price objective on shares of Texas Instruments from $150.00 to $156.00 and gave the company an “underweight” rating in a research report on Thursday, July 11th. Finally, Citigroup upgraded shares of Texas Instruments from a “neutral” rating to a “buy” rating and upped their target price for the stock from $200.00 to $235.00 in a research note on Wednesday. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $201.95.

Texas Instruments Trading Up 3.0 %

Texas Instruments stock opened at $209.88 on Friday. Texas Instruments Incorporated has a 52-week low of $139.48 and a 52-week high of $210.88. The company has a market cap of $191.09 billion, a P/E ratio of 32.74, a P/E/G ratio of 4.36 and a beta of 0.99. 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 business has a 50-day simple moving average of $197.98 and a two-hundred day simple moving average of $184.11.

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

Texas Instruments Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 13th. Shareholders of record on Wednesday, July 31st were issued a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 2.48%. The ex-dividend date of this dividend was Wednesday, July 31st. Texas Instruments’s dividend payout ratio is currently 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.