Fort L.P. grew its position in Texas Instruments Incorporated (NASDAQ:TXN) by 4.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,301 shares of the semiconductor company’s stock after purchasing an additional 872 shares during the period. Fort L.P.’s holdings in Texas Instruments were worth $2,129,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of the business. Credit Agricole S A increased its holdings in shares of Texas Instruments by 85.8% during the 4th quarter. Credit Agricole S A now owns 210 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 97 shares during the last quarter. Atlas Private Wealth Management acquired a new position in shares of Texas Instruments during the 4th quarter valued at about $28,000. HHM Wealth Advisors LLC acquired a new position in shares of Texas Instruments during the 1st quarter valued at about $34,000. FSA Wealth Management LLC acquired a new position in shares of Texas Instruments during the 4th quarter valued at about $38,000. Finally, New England Investment & Retirement Group Inc. acquired a new position in shares of Texas Instruments during the 1st quarter valued at about $40,000. 83.88% of the stock is currently owned by institutional investors.
In related news, VP Ahmad Bahai sold 3,185 shares of the firm’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $115.57, for a total transaction of $368,090.45. Following the completion of the sale, the vice president now directly owns 27,168 shares of the company’s stock, valued at approximately $3,139,805.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.73% of the company’s stock.
TXN has been the topic of a number of analyst reports. Barclays lowered Texas Instruments from an “equal weight” rating to an “underweight” rating and set a $105.00 price objective on the stock. in a report on Friday, April 17th. Loop Capital downgraded Texas Instruments from a “buy” rating to a “hold” rating and decreased their target price for the company from $145.00 to $108.00 in a research note on Wednesday, April 22nd. Royal Bank of Canada decreased their target price on Texas Instruments from $135.00 to $125.00 and set a “sector perform” rating for the company in a research note on Wednesday, April 22nd. Morgan Stanley decreased their target price on Texas Instruments from $101.00 to $94.00 and set an “underweight” rating for the company in a research note on Wednesday, April 22nd. Finally, SunTrust Banks increased their target price on Texas Instruments from $109.00 to $114.00 and gave the company a “hold” rating in a research note on Wednesday, April 22nd. Three investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and nine have assigned a buy rating to the stock. Texas Instruments currently has a consensus rating of “Hold” and a consensus target price of $123.13.
Shares of Texas Instruments stock traded down $4.14 during midday trading on Thursday, hitting $127.26. 183,619 shares of the company were exchanged, compared to its average volume of 6,351,236. The company has a debt-to-equity ratio of 0.71, a current ratio of 3.49 and a quick ratio of 2.65. The firm has a market cap of $117.18 billion, a P/E ratio of 24.63, a PEG ratio of 3.51 and a beta of 1.15. Texas Instruments Incorporated has a 52 week low of $93.09 and a 52 week high of $135.70. The firm has a 50 day simple moving average of $116.05 and a 200-day simple moving average of $118.85.
Texas Instruments (NASDAQ:TXN) last posted its earnings results on Tuesday, April 21st. The semiconductor company reported $1.24 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.01 by $0.23. The business had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.14 billion. Texas Instruments had a return on equity of 57.45% and a net margin of 35.17%. Texas Instruments’s revenue was down 7.4% on a year-over-year basis. During the same quarter last year, the company earned $1.26 EPS. Equities research analysts expect that Texas Instruments Incorporated will post 4.01 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, May 18th. Investors of record on Monday, May 4th were given a dividend of $0.90 per share. The ex-dividend date of this dividend was Friday, May 1st. This represents a $3.60 annualized dividend and a dividend yield of 2.83%. Texas Instruments’s dividend payout ratio (DPR) is presently 68.70%.
Texas Instruments Profile
Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements in various levels using battery management solutions, portable components, power supply controls, point-of-load products, switches and interfaces, integrated protection devices, high-voltage products, and mobile lighting and display products.
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