Foster Group Inc. Takes $209,000 Position in Texas Instruments Incorporated (NASDAQ:TXN)

Foster Group Inc. purchased a new position in Texas Instruments Incorporated (NASDAQ:TXN) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 1,161 shares of the semiconductor company’s stock, valued at approximately $209,000.

Several other hedge funds have also bought and sold shares of TXN. Mizuho Securities USA LLC increased its stake in Texas Instruments by 46.0% in the 4th quarter. Mizuho Securities USA LLC now owns 86,457 shares of the semiconductor company’s stock worth $16,212,000 after acquiring an additional 27,251 shares during the last quarter. Union Bancaire Privee UBP SA bought a new stake in Texas Instruments in the fourth quarter worth $6,544,000. Banque Pictet & Cie SA increased its holdings in shares of Texas Instruments by 0.9% in the 4th quarter. Banque Pictet & Cie SA now owns 2,197,676 shares of the semiconductor company’s stock worth $412,086,000 after buying an additional 18,650 shares during the last quarter. Nicholas Hoffman & Company LLC. increased its holdings in shares of Texas Instruments by 17.9% in the 4th quarter. Nicholas Hoffman & Company LLC. now owns 5,125 shares of the semiconductor company’s stock worth $961,000 after buying an additional 778 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. increased its holdings in shares of Texas Instruments by 2.1% in the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 358,784 shares of the semiconductor company’s stock worth $67,276,000 after buying an additional 7,500 shares during the last quarter. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Texas Instruments Price Performance

Shares of TXN stock opened at $192.42 on Friday. Texas Instruments Incorporated has a one year low of $139.95 and a one year high of $220.39. The company has a market capitalization of $174.81 billion, a P/E ratio of 37.08, a P/E/G ratio of 3.30 and a beta of 0.97. The company’s 50-day simple moving average is $168.87 and its two-hundred day simple moving average is $182.16. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.12 and a quick ratio of 2.88.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.22. Texas Instruments had a return on equity of 28.08% and a net margin of 30.68%. The company had revenue of $4.07 billion for the quarter, compared to analysts’ expectations of $3.91 billion. During the same quarter in the prior year, the firm earned $1.10 earnings per share. Texas Instruments’s revenue was up 11.1% compared to the same quarter last year. As a group, equities analysts anticipate that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 13th. Stockholders of record on Wednesday, April 30th were given a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date of this dividend was Wednesday, April 30th. Texas Instruments’s payout ratio is 103.23%.

Analysts Set New Price Targets

Several brokerages have weighed in on TXN. Robert W. Baird raised Texas Instruments from a “neutral” rating to an “outperform” rating and set a $175.00 price objective on the stock in a research note on Monday, April 7th. Citigroup cut their target price on Texas Instruments from $235.00 to $210.00 and set a “buy” rating on the stock in a research report on Friday, April 11th. Truist Financial cut their target price on Texas Instruments from $195.00 to $171.00 and set a “hold” rating on the stock in a research report on Thursday, April 24th. Seaport Res Ptn upgraded shares of Texas Instruments to a “strong sell” rating in a research report on Wednesday, April 30th. Finally, Baird R W upgraded shares of Texas Instruments from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 7th. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $189.41.

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.