Ritholtz Wealth Management boosted its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 22.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,581 shares of the semiconductor company’s stock after buying an additional 832 shares during the quarter. Ritholtz Wealth Management’s holdings in Texas Instruments were worth $866,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also bought and sold shares of TXN. Norges Bank purchased a new position in shares of Texas Instruments in the fourth quarter valued at approximately $1,590,707,000. Parnassus Investments CA purchased a new position in Texas Instruments in the fourth quarter worth approximately $527,847,000. BlackRock Inc. lifted its stake in Texas Instruments by 3.1% in the fourth quarter. BlackRock Inc. now owns 70,859,730 shares of the semiconductor company’s stock worth $11,630,207,000 after acquiring an additional 2,129,999 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Texas Instruments by 9.3% in the fourth quarter. Bank of New York Mellon Corp now owns 21,483,055 shares of the semiconductor company’s stock worth $3,526,013,000 after acquiring an additional 1,833,704 shares during the last quarter. Finally, American International Group Inc. lifted its stake in Texas Instruments by 168.6% in the fourth quarter. American International Group Inc. now owns 1,536,427 shares of the semiconductor company’s stock worth $252,174,000 after acquiring an additional 964,421 shares during the last quarter. 83.00% of the stock is owned by institutional investors and hedge funds.
A number of research analysts recently issued reports on TXN shares. Longbow Research lifted their price target on shares of Texas Instruments from $220.00 to $225.00 and gave the stock a “buy” rating in a research note on Wednesday, April 28th. Stifel Nicolaus lifted their price target on shares of Texas Instruments from $170.00 to $190.00 and gave the stock a “hold” rating in a research note on Thursday, April 15th. Raymond James upgraded shares of Texas Instruments from a “market perform” rating to an “outperform” rating and set a $220.00 price target for the company in a research note on Tuesday, February 23rd. Morgan Stanley raised their price objective on shares of Texas Instruments from $162.00 to $176.00 and gave the stock an “underweight” rating in a report on Monday, April 12th. Finally, Truist raised their price objective on shares of Texas Instruments from $184.00 to $200.00 in a report on Wednesday, April 28th. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seventeen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $189.23.
Texas Instruments (NASDAQ:TXN) last issued its earnings results on Tuesday, April 27th. The semiconductor company reported $1.87 EPS for the quarter, topping the consensus estimate of $1.56 by $0.31. The company had revenue of $4.29 billion for the quarter, compared to analyst estimates of $3.98 billion. Texas Instruments had a net margin of 40.04% and a return on equity of 69.92%. The business’s revenue was up 28.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.14 EPS. As a group, equities research analysts forecast that Texas Instruments Incorporated will post 7.36 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, May 17th. Shareholders of record on Monday, May 3rd were given a dividend of $1.02 per share. The ex-dividend date was Friday, April 30th. This represents a $4.08 annualized dividend and a dividend yield of 2.17%. Texas Instruments’s payout ratio is currently 68.34%.
Texas Instruments Company Profile
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 in 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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