Harfst & Associates Inc. Has $2.49 Million Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Harfst & Associates Inc. lessened its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 2.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,854 shares of the semiconductor company’s stock after selling 373 shares during the period. Texas Instruments comprises approximately 0.6% of Harfst & Associates Inc.’s portfolio, making the stock its 28th biggest position. Harfst & Associates Inc.’s holdings in Texas Instruments were worth $2,490,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Gerber Kawasaki Wealth & Investment Management raised its holdings in shares of Texas Instruments by 1.8% during the fourth quarter. Gerber Kawasaki Wealth & Investment Management now owns 3,187 shares of the semiconductor company’s stock worth $598,000 after acquiring an additional 56 shares in the last quarter. Trillium Asset Management LLC raised its holdings in shares of Texas Instruments by 2.8% during the first quarter. Trillium Asset Management LLC now owns 2,100 shares of the semiconductor company’s stock worth $377,000 after acquiring an additional 57 shares in the last quarter. Voya Financial Advisors Inc. raised its holdings in shares of Texas Instruments by 1.6% during the fourth quarter. Voya Financial Advisors Inc. now owns 3,649 shares of the semiconductor company’s stock worth $686,000 after acquiring an additional 58 shares in the last quarter. FSB Premier Wealth Management Inc. raised its holdings in shares of Texas Instruments by 1.7% during the first quarter. FSB Premier Wealth Management Inc. now owns 3,494 shares of the semiconductor company’s stock worth $628,000 after acquiring an additional 60 shares in the last quarter. Finally, Dunhill Financial LLC raised its holdings in shares of Texas Instruments by 3.7% during the fourth quarter. Dunhill Financial LLC now owns 1,707 shares of the semiconductor company’s stock worth $320,000 after acquiring an additional 61 shares in the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.

Texas Instruments Stock Up 0.2%

Shares of TXN opened at $193.32 on Thursday. The company has a market capitalization of $175.75 billion, a P/E ratio of 35.41, a PEG ratio of 3.15 and a beta of 1.03. The company has a debt-to-equity ratio of 0.86, a current ratio of 5.81 and a quick ratio of 3.88. Texas Instruments Incorporated has a one year low of $139.95 and a one year high of $221.69. The business’s 50 day simple moving average is $201.05 and its 200-day simple moving average is $184.98.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data on Tuesday, July 22nd. The semiconductor company reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.09. Texas Instruments had a return on equity of 30.10% and a net margin of 30.23%. The firm had revenue of $4.45 billion for the quarter, compared to the consensus estimate of $4.31 billion. During the same quarter in the prior year, the business earned $1.17 EPS. The business’s revenue for the quarter was up 16.4% compared to the same quarter last year. As a group, sell-side analysts predict that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 12th. Shareholders of record on Thursday, July 31st were given a dividend of $1.36 per share. The ex-dividend date was Thursday, July 31st. This represents a $5.44 annualized dividend and a dividend yield of 2.8%. Texas Instruments’s payout ratio is presently 99.63%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on TXN. Stifel Nicolaus increased their price objective on Texas Instruments from $160.00 to $192.00 and gave the stock a “hold” rating in a report on Friday, July 18th. Seaport Res Ptn upgraded Texas Instruments from a “strong sell” rating to a “hold” rating in a report on Monday, July 21st. The Goldman Sachs Group initiated coverage on Texas Instruments in a report on Thursday, July 10th. They set a “buy” rating and a $255.00 price objective for the company. Susquehanna reduced their price target on Texas Instruments from $250.00 to $240.00 and set a “positive” rating for the company in a research report on Tuesday, July 22nd. Finally, Arete Research raised Texas Instruments to a “hold” rating in a research report on Thursday, June 26th. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $212.21.

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.