SageView Advisory Group LLC Takes Position in Texas Instruments Incorporated (NASDAQ:TXN)

Posted by Defense World Staff on Jul 24th, 2023

SageView Advisory Group LLC purchased a new position in shares of Texas Instruments Incorporated (NASDAQ:TXN – Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 1,300 shares of the semiconductor company’s stock, valued at approximately $242,000.

A number of other hedge funds have also recently modified their holdings of the business. Norges Bank bought a new stake in shares of Texas Instruments during the 4th quarter valued at $1,548,365,000. Moneta Group Investment Advisors LLC raised its holdings in Texas Instruments by 60,024.4% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 8,363,303 shares of the semiconductor company’s stock valued at $1,381,785,000 after acquiring an additional 8,349,393 shares during the period. Morgan Stanley boosted its stake in shares of Texas Instruments by 54.4% in the fourth quarter. Morgan Stanley now owns 14,735,331 shares of the semiconductor company’s stock worth $2,434,572,000 after acquiring an additional 5,191,426 shares during the period. Price T Rowe Associates Inc. MD grew its position in shares of Texas Instruments by 28.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 16,634,827 shares of the semiconductor company’s stock worth $2,748,406,000 after purchasing an additional 3,655,383 shares in the last quarter. Finally, Generation Investment Management LLP lifted its holdings in Texas Instruments by 450.1% in the 4th quarter. Generation Investment Management LLP now owns 2,701,426 shares of the semiconductor company’s stock worth $446,330,000 after purchasing an additional 2,210,349 shares in the last quarter. Institutional investors own 84.43% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on TXN. Mizuho increased their price objective on shares of Texas Instruments from $165.00 to $185.00 in a report on Thursday. Wolfe Research started coverage on shares of Texas Instruments in a research note on Wednesday, July 19th. They issued a “peer perform” rating on the stock. Oppenheimer boosted their target price on Texas Instruments from $185.00 to $195.00 and gave the stock an “outperform” rating in a research report on Monday, April 24th. UBS Group reduced their price objective on Texas Instruments from $185.00 to $175.00 in a research note on Wednesday, April 26th. Finally, Truist Financial lowered their target price on Texas Instruments from $180.00 to $178.00 in a research report on Wednesday, April 26th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $182.50.

Texas Instruments Stock Up 2.4 %

NASDAQ:TXN opened at $184.32 on Monday. The company has a market cap of $167.30 billion, a price-to-earnings ratio of 20.71, a price-to-earnings-growth ratio of 2.65 and a beta of 1.02. Texas Instruments Incorporated has a twelve month low of $145.97 and a twelve month high of $186.30. The company has a current ratio of 5.17, a quick ratio of 4.04 and a debt-to-equity ratio of 0.63. The stock has a fifty day simple moving average of $174.94 and a 200-day simple moving average of $174.87.

Texas Instruments (NASDAQ:TXN – Get Free Report) last posted its quarterly earnings results on Tuesday, April 25th. The semiconductor company reported $1.85 EPS for the quarter, topping the consensus estimate of $1.76 by $0.09. The company had revenue of $4.38 billion for the quarter, compared to the consensus estimate of $4.36 billion. Texas Instruments had a net margin of 42.33% and a return on equity of 56.40%. Analysts anticipate that Texas Instruments Incorporated will post 7.47 EPS for the current year.

Texas Instruments Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 15th. Investors of record on Monday, July 31st will be paid a $1.24 dividend. The ex-dividend date of this dividend is Friday, July 28th. This represents a $4.96 annualized dividend and a yield of 2.69%. Texas Instruments’s dividend payout ratio (DPR) is currently 55.73%.

About Texas Instruments

(Free Report)

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers in the United States and internationally. It operates in two segments, Analog and Embedded Processing. 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.