Texas Instruments Incorporated (NASDAQ:TXN) Shares Acquired by DLK Investment Management LLC

DLK Investment Management LLC increased its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 9.6% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 15,352 shares of the semiconductor company’s stock after acquiring an additional 1,350 shares during the period. DLK Investment Management LLC’s holdings in Texas Instruments were worth $2,759,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of TXN. Promus Capital LLC purchased a new position in Texas Instruments during the fourth quarter valued at $25,000. Summit Securities Group LLC acquired a new position in shares of Texas Instruments during the 4th quarter worth about $27,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Texas Instruments during the 4th quarter worth about $28,000. Copia Wealth Management purchased a new position in Texas Instruments in the 4th quarter valued at about $30,000. Finally, Quintet Private Bank Europe S.A. acquired a new stake in Texas Instruments in the 1st quarter worth about $34,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on TXN shares. TD Securities reissued a “hold” rating and set a $160.00 target price on shares of Texas Instruments in a report on Thursday, April 24th. Stifel Nicolaus reduced their price target on Texas Instruments from $200.00 to $160.00 and set a “hold” rating on the stock in a report on Thursday, April 17th. Robert W. Baird raised shares of Texas Instruments from a “neutral” rating to an “outperform” rating and set a $175.00 price target on the stock in a research report on Monday, April 7th. Seaport Res Ptn upgraded shares of Texas Instruments to a “strong sell” rating in a research report on Wednesday, April 30th. Finally, Benchmark reduced their target price on shares of Texas Instruments from $230.00 to $200.00 and set a “buy” rating on the stock in a research note on Thursday, April 24th. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Texas Instruments currently has an average rating of “Hold” and an average target price of $190.96.

Texas Instruments Trading Down 0.2%

Shares of Texas Instruments stock opened at $205.38 on Thursday. The company has a current ratio of 5.26, a quick ratio of 3.37 and a debt-to-equity ratio of 0.78. The company has a fifty day simple moving average of $180.24 and a 200-day simple moving average of $182.31. The stock has a market cap of $186.58 billion, a price-to-earnings ratio of 38.97, a PEG ratio of 3.35 and a beta of 1.00. Texas Instruments Incorporated has a 12-month low of $139.95 and a 12-month high of $220.39.

Texas Instruments (NASDAQ:TXN) last issued 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 return on equity of 28.75% and a net margin of 30.36%. The company had revenue of $4.07 billion during the quarter, compared to analysts’ expectations of $3.91 billion. During the same quarter in the previous year, the business earned $1.10 earnings per share. The firm’s revenue for the quarter was up 11.1% on a year-over-year basis. On average, equities analysts forecast 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. Investors of record on Wednesday, April 30th were given a $1.36 dividend. The ex-dividend date was Wednesday, April 30th. This represents a $5.44 dividend on an annualized basis and a yield of 2.65%. Texas Instruments’s payout ratio 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.