Texas Instruments Incorporated (NASDAQ:TXN) Stock Position Increased by Park National Corp OH

Park National Corp OH lifted its position in Texas Instruments Incorporated (NASDAQ:TXN) by 0.7% during the first quarter, Holdings Channel reports. The institutional investor owned 17,148 shares of the semiconductor company’s stock after buying an additional 118 shares during the quarter. Park National Corp OH’s holdings in Texas Instruments were worth $3,081,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. China Universal Asset Management Co. Ltd. raised its position in shares of Texas Instruments by 30.4% during the fourth quarter. China Universal Asset Management Co. Ltd. now owns 19,367 shares of the semiconductor company’s stock worth $3,632,000 after purchasing an additional 4,515 shares during the period. Mizuho Securities USA LLC raised its position in shares of Texas Instruments by 46.0% during the fourth 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. OFC Financial Planning LLC acquired a new stake in shares of Texas Instruments during the fourth quarter worth $338,000. Union Bancaire Privee UBP SA acquired a new stake in shares of Texas Instruments during the fourth quarter worth $6,544,000. Finally, Banque Pictet & Cie SA raised its position in shares of Texas Instruments by 0.9% during the fourth quarter. Banque Pictet & Cie SA now owns 2,197,676 shares of the semiconductor company’s stock worth $412,086,000 after purchasing an additional 18,650 shares during the period. Institutional investors own 84.99% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Citigroup dropped their price target on Texas Instruments from $235.00 to $210.00 and set a “buy” rating on the stock in a research report on Friday, April 11th. JPMorgan Chase & Co. dropped their price target on Texas Instruments from $230.00 to $195.00 and set an “overweight” rating on the stock in a research report on Thursday, April 24th. 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. Stifel Nicolaus dropped their price target on Texas Instruments from $200.00 to $160.00 and set a “hold” rating on the stock in a research report on Thursday, April 17th. Finally, Wells Fargo & Company dropped their price target on Texas Instruments from $200.00 to $175.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 24th. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Texas Instruments has a consensus rating of “Hold” and an average price target of $189.41.

Texas Instruments Stock Performance

Shares of TXN stock opened at $184.99 on Friday. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.12 and a quick ratio of 2.88. Texas Instruments Incorporated has a fifty-two week low of $139.95 and a fifty-two week high of $220.39. The stock’s 50-day moving average is $168.00 and its two-hundred day moving average is $182.90. The firm has a market cap of $168.06 billion, a P/E ratio of 35.64, a PEG ratio of 3.30 and a beta of 0.97.

Texas Instruments (NASDAQ:TXN) last released 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. The company had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $3.91 billion. Texas Instruments had a return on equity of 28.08% and a net margin of 30.68%. The firm’s revenue was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.10 EPS. Analysts predict that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The business also recently declared 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. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $5.44 annualized dividend and a dividend yield of 2.94%. Texas Instruments’s dividend payout ratio (DPR) is presently 103.23%.

Texas Instruments Company 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.