Cullen Frost Bankers Inc. Acquires 761 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Cullen Frost Bankers Inc. lifted its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 0.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 129,757 shares of the semiconductor company’s stock after acquiring an additional 761 shares during the period. Cullen Frost Bankers Inc.’s holdings in Texas Instruments were worth $23,317,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings 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 valued at $17,544,800,000 after purchasing an additional 649,620 shares during the period. Geode Capital Management LLC boosted its holdings 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 valued at $4,032,599,000 after purchasing an additional 267,352 shares during the period. Norges Bank bought a new stake in Texas Instruments during the fourth quarter valued at $2,584,490,000. Alliancebernstein L.P. boosted its stake in Texas Instruments by 6.9% during the fourth quarter. Alliancebernstein L.P. now owns 12,706,971 shares of the semiconductor company’s stock valued at $2,382,684,000 after buying an additional 822,797 shares during the period. Finally, Invesco Ltd. boosted its stake in Texas Instruments by 15.4% during the fourth quarter. Invesco Ltd. now owns 11,893,157 shares of the semiconductor company’s stock valued at $2,230,086,000 after buying an additional 1,587,036 shares during the period. 84.99% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

TXN has been the subject of several research analyst reports. Arete Research raised Texas Instruments to a “hold” rating in a research note on Thursday, June 26th. 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. TD Cowen upgraded shares of Texas Instruments from a “hold” rating to a “buy” rating and lifted their target price for the company from $200.00 to $245.00 in a research report on Friday, July 11th. Summit Insights lowered shares of Texas Instruments from a “buy” rating to a “hold” rating in a research report on Thursday, April 24th. Finally, KeyCorp lifted their target price on shares of Texas Instruments from $215.00 to $240.00 and gave the company an “overweight” rating in a research report on Tuesday, July 8th. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $202.49.

Texas Instruments Trading Down 0.8%

NASDAQ TXN opened at $218.36 on Wednesday. The company has a current ratio of 5.26, a quick ratio of 3.37 and a debt-to-equity ratio of 0.78. Texas Instruments Incorporated has a 1-year low of $139.95 and a 1-year high of $221.69. The stock has a 50-day moving average of $196.41 and a 200-day moving average of $184.64. The firm has a market cap of $198.37 billion, a PE ratio of 41.43, a price-to-earnings-growth ratio of 3.58 and a beta of 1.03.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.22. Texas Instruments had a return on equity of 28.75% and a net margin of 30.36%. The firm had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $3.91 billion. During the same quarter in the previous year, the company posted $1.10 earnings per share. The business’s revenue was up 11.1% on a year-over-year basis. As a group, sell-side analysts forecast 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 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 2.49%. 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.