First Trust Direct Indexing L.P. Increases Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

First Trust Direct Indexing L.P. lifted its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 10.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 21,201 shares of the semiconductor company’s stock after acquiring an additional 1,920 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in Texas Instruments were worth $3,614,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the business. Annapolis Financial Services LLC lifted its stake in Texas Instruments by 333.3% in the 3rd quarter. Annapolis Financial Services LLC now owns 156 shares of the semiconductor company’s stock worth $25,000 after purchasing an additional 120 shares in the last quarter. Briaud Financial Planning Inc purchased a new stake in Texas Instruments in the 3rd quarter worth approximately $25,000. Tennessee Valley Asset Management Partners purchased a new stake in Texas Instruments in the 4th quarter worth approximately $25,000. Life Planning Partners Inc purchased a new stake in Texas Instruments in the 4th quarter worth approximately $26,000. Finally, AMH Equity Ltd purchased a new stake in Texas Instruments in the 3rd quarter worth approximately $32,000. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Texas Instruments Stock Performance

Shares of TXN stock traded down $1.22 during trading hours on Wednesday, reaching $175.20. The company had a trading volume of 7,165,843 shares, compared to its average volume of 5,715,595. The business has a fifty day moving average price of $169.94 and a 200-day moving average price of $162.63. Texas Instruments Incorporated has a one year low of $139.48 and a one year high of $188.12. The firm has a market cap of $159.52 billion, a PE ratio of 27.75, a price-to-earnings-growth ratio of 3.82 and a beta of 1.04. The company has a debt-to-equity ratio of 0.76, a quick ratio of 3.76 and a current ratio of 4.91.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.13. Texas Instruments had a net margin of 35.16% and a return on equity of 35.28%. The firm had revenue of $3.66 billion during the quarter, compared to analyst estimates of $3.61 billion. During the same period in the previous year, the business posted $1.85 earnings per share. The business’s revenue for the quarter was down 16.4% on a year-over-year basis. Sell-side analysts predict that Texas Instruments Incorporated will post 5.21 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 21st. Investors of record on Wednesday, May 8th will be given a dividend of $1.30 per share. The ex-dividend date is Tuesday, May 7th. This represents a $5.20 annualized dividend and a yield of 2.97%. Texas Instruments’s dividend payout ratio (DPR) is 81.12%.

Analysts Set New Price Targets

Several analysts have issued reports on TXN shares. Morgan Stanley increased their target price on shares of Texas Instruments from $138.00 to $146.00 and gave the stock an “underweight” rating in a research note on Wednesday, January 24th. The Goldman Sachs Group increased their price target on shares of Texas Instruments from $137.00 to $157.00 and gave the stock a “sell” rating in a report on Wednesday, April 24th. JPMorgan Chase & Co. increased their price target on shares of Texas Instruments from $180.00 to $195.00 and gave the stock an “overweight” rating in a report on Wednesday, April 24th. Robert W. Baird increased their price target on shares of Texas Instruments from $125.00 to $175.00 and gave the stock a “neutral” rating in a report on Thursday, April 25th. Finally, Susquehanna increased their price target on shares of Texas Instruments from $200.00 to $205.00 and gave the stock a “positive” rating in a report on Wednesday, April 24th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Texas Instruments has a consensus rating of “Hold” and a consensus target price of $180.74.

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.