Rossby Financial LCC Grows Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Rossby Financial LCC grew its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 85.6% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,248 shares of the semiconductor company’s stock after acquiring an additional 1,037 shares during the period. Rossby Financial LCC’s holdings in Texas Instruments were worth $404,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of TXN. Promus Capital LLC purchased a new stake in Texas Instruments during the fourth quarter valued at about $25,000. Summit Securities Group LLC purchased a new position in Texas Instruments in the 4th quarter valued at approximately $27,000. Copia Wealth Management bought a new stake in Texas Instruments during the 4th quarter valued at $30,000. Quintet Private Bank Europe S.A. bought a new stake in Texas Instruments during the 1st quarter valued at $34,000. Finally, Atala Financial Inc purchased a new stake in shares of Texas Instruments during the fourth quarter worth $37,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Wall Street Analyst Weigh In

TXN has been the subject of several recent research reports. Robert W. Baird upgraded Texas Instruments from a “neutral” rating to an “outperform” rating and set a $175.00 price target for the company in a research report on Monday, April 7th. UBS Group reduced their target price on Texas Instruments from $225.00 to $215.00 and set a “buy” rating for the company in a report on Thursday, April 24th. Morgan Stanley reissued an “underweight” rating and issued a $148.00 price target (up from $146.00) on shares of Texas Instruments in a report on Thursday, April 24th. Citigroup raised their price objective on shares of Texas Instruments from $210.00 to $220.00 and gave the company a “buy” rating in a research report on Monday, June 9th. Finally, Baird R W raised shares of Texas Instruments from a “hold” rating to a “strong-buy” rating in a report on Monday, April 7th. Four investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $191.49.

Texas Instruments Stock Up 2.4%

TXN opened at $215.59 on Thursday. Texas Instruments Incorporated has a 12 month low of $139.95 and a 12 month high of $220.39. 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 business’s 50-day moving average price is $186.36 and its 200-day moving average price is $182.92. The company has a market cap of $195.86 billion, a P/E ratio of 40.91, a P/E/G ratio of 3.43 and a beta of 1.03.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 EPS for the quarter, topping 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 business had revenue of $4.07 billion for the quarter, compared to analysts’ expectations of $3.91 billion. During the same period in the previous year, the firm earned $1.10 EPS. The business’s quarterly revenue was up 11.1% on a year-over-year basis. On average, equities analysts expect that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 13th. Investors of record on Wednesday, April 30th were issued a dividend of $1.36 per share. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $5.44 dividend on an annualized basis and a yield of 2.52%. Texas Instruments’s dividend 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.