Apollon Wealth Management LLC Grows Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Apollon Wealth Management LLC increased its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 3.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,870 shares of the semiconductor company’s stock after purchasing an additional 1,253 shares during the period. Apollon Wealth Management LLC’s holdings in Texas Instruments were worth $6,589,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Tennessee Valley Asset Management Partners bought a new stake in Texas Instruments in the 4th quarter valued at $25,000. Avior Wealth Management LLC increased its holdings in shares of Texas Instruments by 23.1% in the fourth quarter. Avior Wealth Management LLC now owns 2,960 shares of the semiconductor company’s stock worth $505,000 after purchasing an additional 555 shares during the last quarter. OLD Second National Bank of Aurora lifted its position in shares of Texas Instruments by 77.6% in the fourth quarter. OLD Second National Bank of Aurora now owns 515 shares of the semiconductor company’s stock worth $88,000 after buying an additional 225 shares in the last quarter. Federated Hermes Inc. lifted its position in shares of Texas Instruments by 2,183.2% in the fourth quarter. Federated Hermes Inc. now owns 234,307 shares of the semiconductor company’s stock worth $39,940,000 after buying an additional 224,045 shares in the last quarter. Finally, Western Wealth Management LLC boosted its stake in Texas Instruments by 3.0% during the fourth quarter. Western Wealth Management LLC now owns 11,775 shares of the semiconductor company’s stock valued at $2,007,000 after buying an additional 344 shares during the last quarter. 84.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on TXN shares. Robert W. Baird upped their price objective on Texas Instruments from $175.00 to $200.00 and gave the stock a “neutral” rating in a report on Wednesday, July 24th. Rosenblatt Securities upped their price target on shares of Texas Instruments from $210.00 to $250.00 and gave the company a “buy” rating in a research note on Monday, July 22nd. TD Cowen lifted their price objective on shares of Texas Instruments from $160.00 to $175.00 and gave the stock a “hold” rating in a research note on Wednesday, April 24th. Truist Financial upped their target price on shares of Texas Instruments from $167.00 to $203.00 and gave the company a “hold” rating in a research report on Wednesday, July 24th. Finally, Susquehanna lifted their price target on Texas Instruments from $205.00 to $250.00 and gave the stock a “positive” rating in a research report on Wednesday, July 17th. Four analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $198.64.

Texas Instruments Trading Up 0.1 %

Shares of NASDAQ:TXN traded up $0.13 during trading on Monday, reaching $200.66. 3,784,853 shares of the company were exchanged, compared to its average volume of 5,511,948. The business’s fifty day simple moving average is $197.16 and its 200-day simple moving average is $182.85. The company has a debt-to-equity ratio of 0.75, a current ratio of 4.62 and a quick ratio of 3.49. Texas Instruments Incorporated has a 12-month low of $139.48 and a 12-month high of $210.84. The firm has a market capitalization of $182.70 billion, a PE ratio of 31.31, a P/E/G ratio of 4.25 and a beta of 0.99.

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

Texas Instruments Announces Dividend

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

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.