Azzad Asset Management Inc. ADV Purchases Shares of 13,227 Texas Instruments Incorporated (NASDAQ:TXN)

Azzad Asset Management Inc. ADV acquired a new position in shares of Texas Instruments Incorporated (NASDAQ:TXN) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 13,227 shares of the semiconductor company’s stock, valued at approximately $2,377,000.

Other hedge funds have also modified their holdings of the company. Mizuho Securities USA LLC raised its holdings in shares of 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 purchasing an additional 27,251 shares during the period. Union Bancaire Privee UBP SA acquired a new stake in Texas Instruments during the 4th quarter worth approximately $6,544,000. Nicholas Hoffman & Company LLC. raised its holdings in Texas Instruments by 17.9% in the fourth quarter. Nicholas Hoffman & Company LLC. now owns 5,125 shares of the semiconductor company’s stock valued at $961,000 after buying an additional 778 shares during the period. Mn Services Vermogensbeheer B.V. lifted its position in Texas Instruments by 2.1% during the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 358,784 shares of the semiconductor company’s stock valued at $67,276,000 after buying an additional 7,500 shares in the last quarter. Finally, Brighton Jones LLC grew its stake in Texas Instruments by 33.4% during 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 during the period. 84.99% of the stock is owned by institutional investors and hedge funds.

Texas Instruments Price Performance

TXN opened at $195.00 on Friday. The company has a quick ratio of 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76. The company’s 50-day moving average price is $172.92 and its 200 day moving average price is $182.03. Texas Instruments Incorporated has a fifty-two week low of $139.95 and a fifty-two week high of $220.39. The firm has a market cap of $177.15 billion, a price-to-earnings ratio of 37.57, a price-to-earnings-growth ratio of 3.30 and a beta of 1.00.

Texas Instruments (NASDAQ:TXN) last announced its quarterly 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 return on equity of 28.08% and a net margin of 30.68%. The business had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $3.91 billion. During the same quarter last year, the business posted $1.10 EPS. The business’s revenue was up 11.1% on a year-over-year basis. As a group, sell-side analysts expect that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Dividend Announcement

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. The ex-dividend date was Wednesday, April 30th. This represents a $5.44 annualized dividend and a dividend yield of 2.79%. Texas Instruments’s dividend payout ratio is currently 103.23%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Barclays downgraded shares of Texas Instruments from an “equal weight” rating to an “underweight” rating and cut their target price for the company from $180.00 to $125.00 in a research note on Tuesday, April 22nd. 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 report on Monday, April 7th. DZ Bank upgraded Texas Instruments from a “sell” rating to a “hold” rating and set a $163.00 price objective on the stock in a research note on Friday, April 25th. Summit Insights lowered Texas Instruments from a “buy” rating to a “hold” rating in a research note on Thursday, April 24th. Finally, Morgan Stanley reissued an “underweight” rating and set a $148.00 price target (up from $146.00) on shares of Texas Instruments in a research report on Thursday, April 24th. 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 given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $189.86.

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.