Adero Partners LLC Boosts Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Adero Partners LLC lifted its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 3.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,121 shares of the semiconductor company’s stock after acquiring an additional 142 shares during the quarter. Adero Partners LLC’s holdings in Texas Instruments were worth $740,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Norges Bank purchased a new position in Texas Instruments in the 4th quarter valued at about $2,584,490,000. GAMMA Investing LLC lifted its stake in Texas Instruments by 21,778.6% in the 1st quarter. GAMMA Investing LLC now owns 3,422,027 shares of the semiconductor company’s stock valued at $614,938,000 after buying an additional 3,406,386 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Texas Instruments by 11.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 21,487,468 shares of the semiconductor company’s stock valued at $4,029,115,000 after buying an additional 2,237,035 shares in the last quarter. Invesco Ltd. lifted its stake in Texas Instruments by 15.4% in the 4th quarter. Invesco Ltd. now owns 11,893,157 shares of the semiconductor company’s stock valued at $2,230,086,000 after buying an additional 1,587,036 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Texas Instruments in the 4th quarter valued at about $295,665,000. 84.99% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on TXN shares. Rosenblatt Securities reaffirmed a “buy” rating and issued a $216.00 price target on shares of Texas Instruments in a research note on Thursday, April 24th. Summit Insights downgraded shares of Texas Instruments from a “buy” rating to a “hold” rating in a report on Thursday, April 24th. Wells Fargo & Company cut their price objective on shares of Texas Instruments from $200.00 to $175.00 and set an “equal weight” rating for the company in a report on Thursday, April 24th. Seaport Res Ptn upgraded shares of Texas Instruments to a “strong sell” rating in a report on Wednesday, April 30th. Finally, Robert W. Baird upgraded shares of Texas Instruments from a “neutral” rating to an “outperform” rating and set a $175.00 price objective for the company in a report on Monday, April 7th. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $189.86.

Texas Instruments Stock Performance

Shares of TXN stock opened at $195.00 on Monday. 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 stock has a market capitalization of $177.15 billion, a PE ratio of 37.57, a P/E/G ratio of 3.30 and a beta of 1.00. The firm has a 50 day moving average of $172.92 and a two-hundred day moving average of $181.91.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings data 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. The business had revenue of $4.07 billion during the quarter, compared to analysts’ expectations of $3.91 billion. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. The company’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.10 EPS. On average, research analysts predict that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The company also recently disclosed 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 of this dividend was Wednesday, April 30th. This represents a $5.44 annualized dividend and a dividend yield of 2.79%. Texas Instruments’s dividend payout ratio (DPR) 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.