Park Avenue Securities LLC Raises Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Park Avenue Securities LLC raised its position in Texas Instruments Incorporated (NASDAQ:TXN) by 10.5% in the first quarter, Holdings Channel reports. The fund owned 13,817 shares of the semiconductor company’s stock after buying an additional 1,310 shares during the period. Park Avenue Securities LLC’s holdings in Texas Instruments were worth $2,483,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Promus Capital LLC acquired a new stake in Texas Instruments during the fourth quarter worth approximately $25,000. Summit Securities Group LLC acquired a new stake in Texas Instruments during the fourth quarter worth approximately $27,000. Kohmann Bosshard Financial Services LLC acquired a new stake in Texas Instruments during the fourth quarter worth approximately $28,000. Copia Wealth Management acquired a new stake in Texas Instruments during the fourth quarter worth approximately $30,000. Finally, Atala Financial Inc acquired a new stake in Texas Instruments during the fourth quarter worth approximately $37,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Analysts Set New Price Targets

TXN has been the topic of a number of research analyst reports. Truist Financial cut their price objective on shares of Texas Instruments from $195.00 to $171.00 and set a “hold” rating on the stock in a report on Thursday, April 24th. DZ Bank raised shares of Texas Instruments from a “sell” rating to a “hold” rating and set a $163.00 price objective on the stock in a report on Friday, April 25th. Benchmark cut their price objective on shares of Texas Instruments from $230.00 to $200.00 and set a “buy” rating on the stock in a report on Thursday, April 24th. UBS Group cut their price objective on shares of Texas Instruments from $225.00 to $215.00 and set a “buy” rating on the stock in a report on Thursday, April 24th. Finally, Barclays lowered shares of Texas Instruments from an “equal weight” rating to an “underweight” rating and lowered their target price for the stock from $180.00 to $125.00 in a research report on Tuesday, April 22nd. Four analysts have rated the stock with a sell rating, twelve have assigned a hold rating, nine have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Texas Instruments presently has a consensus rating of “Hold” and a consensus target price of $189.86.

Texas Instruments Stock Performance

NASDAQ:TXN opened at $202.29 on Wednesday. The firm’s fifty day moving average price is $170.06 and its 200 day moving average price is $182.09. Texas Instruments Incorporated has a 1-year low of $139.95 and a 1-year high of $220.39. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.12 and a quick ratio of 2.88. The firm has a market cap of $183.77 billion, a price-to-earnings ratio of 38.98, a price-to-earnings-growth ratio of 3.30 and a beta of 1.00.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.22. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. The firm had revenue of $4.07 billion for the quarter, compared to analyst estimates of $3.91 billion. During the same period last year, the firm posted $1.10 EPS. Texas Instruments’s quarterly revenue was up 11.1% on a year-over-year basis. On average, sell-side analysts expect that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders 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 2.69%. Texas Instruments’s payout ratio is currently 103.23%.

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.