Byrne Asset Management LLC Buys Shares of 507 Texas Instruments Incorporated (NASDAQ:TXN)

Byrne Asset Management LLC purchased a new stake in Texas Instruments Incorporated (NASDAQ:TXN) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 507 shares of the semiconductor company’s stock, valued at approximately $91,000.

Several other large investors have also modified their holdings of TXN. Brighton Jones LLC raised its stake in Texas Instruments by 33.4% in the fourth quarter. Brighton Jones LLC now owns 16,840 shares of the semiconductor company’s stock worth $3,158,000 after buying 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. Life Planning Partners Inc bought a new position in Texas Instruments in the fourth quarter worth approximately $5,274,000. Buckhead Capital Management LLC raised its stake in Texas Instruments by 0.7% in the fourth quarter. Buckhead Capital Management LLC now owns 30,574 shares of the semiconductor company’s stock worth $5,733,000 after buying an additional 210 shares in the last quarter. Finally, Asset Management One Co. Ltd. raised its stake in Texas Instruments by 6.0% in the fourth quarter. Asset Management One Co. Ltd. now owns 376,138 shares of the semiconductor company’s stock worth $71,910,000 after buying an additional 21,261 shares in the last quarter. Institutional investors own 84.99% of the company’s stock.

Texas Instruments Trading Down 2.3%

TXN stock opened at $195.00 on Friday. The company’s 50-day simple moving average is $172.92 and its 200-day simple moving average is $182.15. The company has a quick ratio of 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76. Texas Instruments Incorporated has a 52-week low of $139.95 and a 52-week high of $220.39. The firm has a market cap of $177.15 billion, a P/E ratio of 37.57, a PEG ratio of 3.30 and a beta of 1.00.

Texas Instruments (NASDAQ:TXN) last posted its earnings results 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 net margin of 30.68% and a return on equity of 28.08%. The business had revenue of $4.07 billion for the quarter, compared to analyst estimates of $3.91 billion. During the same period in the prior year, the company posted $1.10 EPS. The company’s revenue for the quarter was up 11.1% on a year-over-year basis. As a group, equities analysts forecast that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Stockholders of record on Wednesday, April 30th were paid a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a dividend yield of 2.79%. The ex-dividend date of this dividend was Wednesday, April 30th. Texas Instruments’s payout ratio is currently 103.23%.

Analyst Upgrades and Downgrades

TXN has been the topic of a number of recent analyst reports. KeyCorp reduced their price target on Texas Instruments from $250.00 to $215.00 and set an “overweight” rating on the stock in a research report on Thursday, April 24th. UBS Group reduced their price target on Texas Instruments from $225.00 to $215.00 and set a “buy” rating on the stock in a research report on Thursday, April 24th. Rosenblatt Securities reissued a “buy” rating and issued a $216.00 target price on shares of Texas Instruments in a research report on Thursday, April 24th. DZ Bank raised Texas Instruments from a “sell” rating to a “hold” rating and set a $163.00 target price on the stock in a research report on Friday, April 25th. Finally, Citigroup upped their target price on Texas Instruments from $210.00 to $220.00 and gave the company a “buy” rating in a research report on Monday, June 9th. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $189.86.

About Texas Instruments

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.