Patriot Financial Group Insurance Agency LLC Acquires 115 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Patriot Financial Group Insurance Agency LLC lifted its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 2.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,108 shares of the semiconductor company’s stock after buying an additional 115 shares during the quarter. Patriot Financial Group Insurance Agency LLC’s holdings in Texas Instruments were worth $738,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Brighton Jones LLC grew its stake in Texas Instruments by 33.4% in the 4th quarter. Brighton Jones LLC now owns 16,840 shares of the semiconductor company’s stock worth $3,158,000 after acquiring an additional 4,218 shares in the last quarter. Union Bancaire Privee UBP SA bought a new position in Texas Instruments in the fourth quarter worth approximately $6,544,000. Stratos Wealth Advisors LLC increased its holdings in Texas Instruments by 10.8% during the 4th quarter. Stratos Wealth Advisors LLC now owns 1,340 shares of the semiconductor company’s stock worth $251,000 after purchasing an additional 131 shares during the period. Financial Advocates Investment Management raised its position in Texas Instruments by 2.3% during the 4th quarter. Financial Advocates Investment Management now owns 2,743 shares of the semiconductor company’s stock valued at $514,000 after purchasing an additional 61 shares in the last quarter. Finally, Consolidated Portfolio Review Corp bought a new stake in Texas Instruments during the 4th quarter valued at $264,000. 84.99% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on TXN shares. Robert W. Baird upgraded Texas Instruments from a “neutral” rating to an “outperform” rating and set a $175.00 price target on the stock in a research note on Monday, April 7th. JPMorgan Chase & Co. cut their target price on shares of Texas Instruments from $230.00 to $195.00 and set an “overweight” rating on the stock in a research report on Thursday, April 24th. Morgan Stanley reaffirmed an “underweight” rating and issued a $148.00 price target (up previously from $146.00) on shares of Texas Instruments in a research report on Thursday, April 24th. Cantor Fitzgerald dropped their price objective on shares of Texas Instruments from $200.00 to $170.00 and set a “neutral” rating on the stock in a research note on Thursday, April 24th. Finally, KeyCorp reduced their price objective on shares of Texas Instruments from $250.00 to $215.00 and set an “overweight” rating for the company in a research note on Thursday, April 24th. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $189.41.

Texas Instruments Trading Up 1.0%

NASDAQ:TXN opened at $192.42 on Monday. The company has a market capitalization of $174.81 billion, a P/E ratio of 37.08, a PEG ratio of 3.30 and a beta of 1.00. The company has a current ratio of 4.12, a quick ratio of 2.88 and a debt-to-equity ratio of 0.76. Texas Instruments Incorporated has a 12 month low of $139.95 and a 12 month high of $220.39. The firm has a fifty day simple moving average of $168.87 and a 200-day simple moving average of $181.94.

Texas Instruments (NASDAQ:TXN) last issued its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.22. The company had revenue of $4.07 billion during the quarter, compared to analyst estimates of $3.91 billion. Texas Instruments had a return on equity of 28.08% and a net margin of 30.68%. The firm’s quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter last year, the business posted $1.10 EPS. On average, equities research analysts anticipate that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Dividend Announcement

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

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.