Texas Instruments Incorporated (NASDAQ:TXN) Shares Purchased by Raymond James & Associates

Raymond James & Associates grew its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 1.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,578,823 shares of the semiconductor company’s stock after purchasing an additional 19,511 shares during the period. Raymond James & Associates owned 0.17% of Texas Instruments worth $307,128,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Norges Bank purchased a new position in shares of Texas Instruments during the 4th quarter worth about $1,649,592,000. Van ECK Associates Corp raised its holdings in Texas Instruments by 54.3% in the first quarter. Van ECK Associates Corp now owns 5,606,825 shares of the semiconductor company’s stock valued at $976,765,000 after buying an additional 1,972,304 shares during the period. California Public Employees Retirement System raised its holdings in Texas Instruments by 33.2% in the fourth quarter. California Public Employees Retirement System now owns 6,035,704 shares of the semiconductor company’s stock valued at $1,028,846,000 after buying an additional 1,502,989 shares during the period. Capital Research Global Investors raised its holdings in Texas Instruments by 4.7% in the first quarter. Capital Research Global Investors now owns 28,715,467 shares of the semiconductor company’s stock valued at $5,002,522,000 after buying an additional 1,279,828 shares during the period. Finally, Baillie Gifford & Co. raised its holdings in Texas Instruments by 65.8% in the first quarter. Baillie Gifford & Co. now owns 2,977,032 shares of the semiconductor company’s stock valued at $518,629,000 after buying an additional 1,181,841 shares during the period. 84.99% of the stock is owned by institutional investors and hedge funds.

Texas Instruments Stock Performance

Shares of NASDAQ:TXN traded down $1.40 during mid-day trading on Friday, reaching $200.53. The company had a trading volume of 4,236,423 shares, compared to its average volume of 5,522,879. The company has a current ratio of 4.62, a quick ratio of 3.49 and a debt-to-equity ratio of 0.75. The firm has a market cap of $182.58 billion, a price-to-earnings ratio of 31.28, a PEG ratio of 4.25 and a beta of 0.99. The company’s 50-day moving average price is $197.16 and its 200-day moving average price is $182.69. Texas Instruments Incorporated has a one year low of $139.48 and a one year high of $210.84.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings data on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.06. The business had revenue of $3.82 billion during the quarter, compared to analyst estimates of $3.82 billion. Texas Instruments had a net margin of 33.01% and a return on equity of 31.10%. Texas Instruments’s revenue was down 15.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.87 EPS. As a group, equities research analysts anticipate that Texas Instruments Incorporated will post 5.11 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 13th. Stockholders of record on Wednesday, July 31st were paid a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 2.59%. The ex-dividend date was Wednesday, July 31st. Texas Instruments’s dividend payout ratio (DPR) is 81.12%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on TXN shares. Cantor Fitzgerald reiterated a “neutral” rating and set a $210.00 price objective on shares of Texas Instruments in a research note on Wednesday, July 24th. Mizuho lifted their price objective on shares of Texas Instruments from $164.00 to $170.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. KeyCorp raised their price target on shares of Texas Instruments from $200.00 to $250.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. JPMorgan Chase & Co. raised their price target on shares of Texas Instruments from $195.00 to $230.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Texas Instruments from $160.00 to $185.00 and gave the stock a “hold” rating in a research report on Wednesday, July 24th. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $198.64.

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.