507 Shares in Texas Instruments Incorporated (NASDAQ:TXN) Bought by Byrne Asset Management LLC

Byrne Asset Management LLC bought a new position in Texas Instruments Incorporated (NASDAQ:TXN) during the first quarter, according to its most recent disclosure with the SEC. The firm bought 507 shares of the semiconductor company’s stock, valued at approximately $91,000.

A number of other institutional investors also recently bought and sold shares of TXN. Vanguard Group Inc. increased its stake in Texas Instruments by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 93,567,277 shares of the semiconductor company’s stock worth $17,544,800,000 after buying an additional 649,620 shares in the last quarter. Geode Capital Management LLC increased its stake in Texas Instruments by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 21,554,142 shares of the semiconductor company’s stock worth $4,032,599,000 after buying an additional 267,352 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Texas Instruments by 11.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 21,487,468 shares of the semiconductor company’s stock worth $4,029,115,000 after buying an additional 2,237,035 shares in the last quarter. Norges Bank purchased a new stake in Texas Instruments in the 4th quarter worth $2,584,490,000. Finally, Alliancebernstein L.P. increased its stake in Texas Instruments by 6.9% in the 4th quarter. Alliancebernstein L.P. now owns 12,706,971 shares of the semiconductor company’s stock worth $2,382,684,000 after buying an additional 822,797 shares in the last quarter. 84.99% of the stock is owned by institutional investors.

Texas Instruments Stock Down 2.3%

Shares of NASDAQ:TXN opened at $195.00 on Friday. Texas Instruments Incorporated has a 1 year low of $139.95 and a 1 year high of $220.39. The business has a 50 day simple moving average of $172.92 and a two-hundred day simple moving average of $182.15. The firm has a market capitalization of $177.15 billion, a PE ratio of 37.57, a price-to-earnings-growth ratio of 3.30 and a beta of 1.00. 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 (NASDAQ:TXN) last announced its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.22. Texas Instruments had a return on equity of 28.08% and a net margin of 30.68%. The business had revenue of $4.07 billion during the quarter, compared to analyst estimates of $3.91 billion. During the same quarter in the previous year, the business earned $1.10 earnings per share. The company’s revenue for the quarter was up 11.1% compared to the same quarter last year. On average, equities analysts predict that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Dividend Announcement

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 $1.36 dividend. The ex-dividend date was Wednesday, April 30th. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.79%. Texas Instruments’s payout ratio is 103.23%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on TXN. Baird R W upgraded Texas Instruments from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 7th. Summit Insights lowered Texas Instruments from a “buy” rating to a “hold” rating in a research report on Thursday, April 24th. Rosenblatt Securities restated a “buy” rating and set a $216.00 price objective on shares of Texas Instruments in a research report on Thursday, April 24th. Argus upgraded Texas Instruments to a “strong-buy” rating in a research report on Friday, April 25th. Finally, Sanford C. Bernstein upgraded Texas Instruments from a “strong sell” rating to a “hold” rating in a research report on Thursday, June 5th. Four analysts have rated the stock with a sell rating, twelve have assigned a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $189.86.

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.