Laurel Wealth Advisors Inc. raised its stake in Texas Instruments Incorporated (NASDAQ:TXN – Get Rating) by 1.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,097 shares of the semiconductor company’s stock after acquiring an additional 82 shares during the quarter. Laurel Wealth Advisors Inc.’s holdings in Texas Instruments were worth $842,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Covington Capital Management boosted its stake in Texas Instruments by 9.1% in the third quarter. Covington Capital Management now owns 3,710 shares of the semiconductor company’s stock valued at $574,000 after acquiring an additional 309 shares during the last quarter. Ascent Group LLC lifted its stake in shares of Texas Instruments by 64.8% during the 3rd quarter. Ascent Group LLC now owns 5,553 shares of the semiconductor company’s stock valued at $892,000 after buying an additional 2,183 shares in the last quarter. Massmutual Trust Co. FSB ADV lifted its stake in shares of Texas Instruments by 1.2% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 37,262 shares of the semiconductor company’s stock valued at $6,156,000 after buying an additional 436 shares in the last quarter. MML Investors Services LLC lifted its stake in shares of Texas Instruments by 15.8% during the 3rd quarter. MML Investors Services LLC now owns 65,572 shares of the semiconductor company’s stock valued at $10,149,000 after buying an additional 8,938 shares in the last quarter. Finally, Janney Capital Management LLC lifted its stake in shares of Texas Instruments by 9.4% during the 4th quarter. Janney Capital Management LLC now owns 10,333 shares of the semiconductor company’s stock valued at $1,707,000 after buying an additional 884 shares in the last quarter. 83.12% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of analysts recently commented on the stock. Oppenheimer upped their price target on shares of Texas Instruments from $185.00 to $195.00 and gave the company an “outperform” rating in a research note on Monday, April 24th. UBS Group dropped their price target on shares of Texas Instruments from $185.00 to $175.00 in a research note on Wednesday, April 26th. StockNews.com upgraded shares of Texas Instruments from a “hold” rating to a “buy” rating in a research note on Wednesday, June 7th. Truist Financial decreased their target price on shares of Texas Instruments from $180.00 to $178.00 in a report on Wednesday, April 26th. Finally, Bank of America decreased their target price on shares of Texas Instruments from $205.00 to $195.00 in a report on Wednesday, April 26th. One equities research analyst has 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 data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $179.57.
Texas Instruments Price Performance
Texas Instruments (NASDAQ:TXN – Get Rating) last announced its quarterly earnings data on Tuesday, April 25th. The semiconductor company reported $1.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.76 by $0.09. Texas Instruments had a net margin of 42.33% and a return on equity of 56.40%. The company had revenue of $4.38 billion during the quarter, compared to analysts’ expectations of $4.36 billion. Equities research analysts expect that Texas Instruments Incorporated will post 7.48 EPS for the current year.
Texas Instruments Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 16th. Stockholders of record on Monday, May 8th were paid a $1.24 dividend. The ex-dividend date of this dividend was Friday, May 5th. This represents a $4.96 dividend on an annualized basis and a dividend yield of 2.85%. Texas Instruments’s dividend payout ratio (DPR) is 55.73%.
About Texas Instruments
Texas Instruments Incorporated engages in the design and manufacture of semiconductors. It operates through Analog and Embedded Processing segments. The Analog segment includes semiconductors change real-world signals, such as sound, temperature, pressure or images, by conditioning them, amplifying them and often converting them to a stream of digital data that can be processed by other semiconductors, such as embedded processors.
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