Texas Instruments Incorporated (NASDAQ:TXN) Shares Purchased by First Merchants Corp

First Merchants Corp boosted its position in Texas Instruments Incorporated (NASDAQ:TXN) by 4.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 38,506 shares of the semiconductor company’s stock after acquiring an additional 1,488 shares during the quarter. First Merchants Corp’s holdings in Texas Instruments were worth $7,491,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Texas Instruments by 0.6% in the first quarter. Vanguard Group Inc. now owns 90,572,576 shares of the semiconductor company’s stock valued at $15,778,648,000 after purchasing an additional 536,206 shares during the period. Capital Research Global Investors raised its position 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 purchasing an additional 1,279,828 shares during the period. Charles Schwab Investment Management Inc. raised its position in Texas Instruments by 6.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 20,048,334 shares of the semiconductor company’s stock valued at $3,398,637,000 after purchasing an additional 1,154,513 shares during the period. Franklin Resources Inc. raised its position in Texas Instruments by 10.1% in the fourth quarter. Franklin Resources Inc. now owns 11,928,210 shares of the semiconductor company’s stock valued at $2,033,283,000 after purchasing an additional 1,095,303 shares during the period. Finally, Norges Bank purchased a new position in Texas Instruments in the fourth quarter valued at about $1,649,592,000. Institutional investors and hedge funds own 84.99% of the company’s stock.

Texas Instruments Stock Performance

TXN stock traded up $6.11 during midday trading on Friday, reaching $209.88. The company had a trading volume of 6,112,011 shares, compared to its average volume of 5,549,852. The company has a quick ratio of 3.49, a current ratio of 4.62 and a debt-to-equity ratio of 0.75. The stock has a 50 day moving average price of $197.98 and a 200 day moving average price of $184.29. Texas Instruments Incorporated has a fifty-two week low of $139.48 and a fifty-two week high of $210.88. The firm has a market capitalization of $191.09 billion, a PE ratio of 32.74, a P/E/G ratio of 4.36 and a beta of 0.99.

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

Texas Instruments Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 13th. Stockholders of record on Wednesday, July 31st were given a dividend of $1.30 per share. The ex-dividend date of this dividend was Wednesday, July 31st. This represents a $5.20 annualized dividend and a dividend yield of 2.48%. Texas Instruments’s dividend payout ratio is presently 81.12%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on TXN. Barclays lifted their target price on Texas Instruments from $190.00 to $210.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 24th. Wells Fargo & Company began coverage on Texas Instruments in a research report on Thursday, May 16th. They set an “underweight” rating and a $150.00 target price on the stock. Truist Financial dropped their target price on Texas Instruments from $203.00 to $198.00 and set a “hold” rating on the stock in a research report on Wednesday. Jefferies Financial Group lifted their target price on Texas Instruments from $175.00 to $185.00 and gave the stock a “hold” rating in a research report on Wednesday, July 24th. Finally, Benchmark reaffirmed a “buy” rating and set a $230.00 target price on shares of Texas Instruments in a research report on Wednesday, July 24th. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $201.95.

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.