Astoria Portfolio Advisors LLC. Has $542,000 Position in Texas Instruments Incorporated (NASDAQ:TXN)

Astoria Portfolio Advisors LLC. raised its position in Texas Instruments Incorporated (NASDAQ:TXN) by 5.4% in the 1st quarter, Holdings Channel.com reports. The firm owned 3,257 shares of the semiconductor company’s stock after buying an additional 166 shares during the period. Astoria Portfolio Advisors LLC.’s holdings in Texas Instruments were worth $542,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Tennessee Valley Asset Management Partners acquired a new stake in shares of Texas Instruments in the fourth quarter valued at about $25,000. Life Planning Partners Inc acquired a new stake in Texas Instruments during the 4th quarter valued at approximately $26,000. Richardson Financial Services Inc. bought a new position in Texas Instruments during the 4th quarter worth approximately $26,000. Scarborough Advisors LLC acquired a new position in shares of Texas Instruments in the 4th quarter worth approximately $26,000. Finally, Westend Capital Management LLC bought a new stake in shares of Texas Instruments in the 1st quarter valued at $31,000. 84.99% of the stock is owned by institutional investors and hedge funds.

Texas Instruments Stock Performance

Shares of TXN opened at $194.53 on Friday. Texas Instruments Incorporated has a 52 week low of $139.48 and a 52 week high of $206.00. The company has a debt-to-equity ratio of 0.76, a quick ratio of 3.76 and a current ratio of 4.91. The stock has a 50 day moving average price of $190.26 and a two-hundred day moving average price of $175.16. The firm has a market capitalization of $177.12 billion, a P/E ratio of 30.35, a P/E/G ratio of 4.19 and a beta of 1.00.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share for the quarter, beating 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 company had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.61 billion. During the same period last year, the firm earned $1.85 earnings per share. The firm’s revenue was down 16.4% on a year-over-year basis. Equities analysts forecast that Texas Instruments Incorporated will post 5.13 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 21st. Investors of record on Wednesday, May 8th were issued a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date was Tuesday, May 7th. Texas Instruments’s dividend payout ratio (DPR) is currently 81.12%.

Insider Activity at Texas Instruments

In related news, Chairman Richard K. Templeton sold 100,440 shares of Texas Instruments stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $178.47, for a total value of $17,925,526.80. Following the sale, the chairman now owns 403,851 shares of the company’s stock, valued at approximately $72,075,287.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Chairman Richard K. Templeton sold 100,440 shares of the stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $178.47, for a total transaction of $17,925,526.80. Following the completion of the transaction, the chairman now owns 403,851 shares in the company, valued at approximately $72,075,287.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Richard K. Templeton sold 104,000 shares of the business’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $178.68, for a total value of $18,582,720.00. Following the completion of the sale, the chairman now owns 403,851 shares in the company, valued at $72,160,096.68. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 328,969 shares of company stock worth $58,427,984. 0.68% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on TXN. Benchmark lifted their target price on shares of Texas Instruments from $210.00 to $230.00 and gave the stock a “buy” rating in a research note on Friday, June 21st. Susquehanna boosted their price objective on Texas Instruments from $200.00 to $205.00 and gave the company a “positive” rating in a research note on Wednesday, April 24th. Citigroup raised their target price on Texas Instruments from $167.00 to $185.00 and gave the stock a “neutral” rating in a research note on Monday, May 13th. Evercore ISI boosted their price target on Texas Instruments from $213.00 to $225.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Finally, Mizuho raised their price objective on shares of Texas Instruments from $164.00 to $170.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $183.43.

Texas Instruments 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.