Texas Instruments Incorporated (NASDAQ:TXN) Shares Purchased by Campbell Newman Asset Management Inc.

Campbell Newman Asset Management Inc. raised its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 0.2% in the first quarter, HoldingsChannel.com reports. The firm owned 125,321 shares of the semiconductor company’s stock after buying an additional 258 shares during the period. Texas Instruments comprises about 1.9% of Campbell Newman Asset Management Inc.’s investment portfolio, making the stock its 22nd biggest holding. Campbell Newman Asset Management Inc.’s holdings in Texas Instruments were worth $22,520,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TXN. Promus Capital LLC bought a new position in Texas Instruments during the fourth quarter valued at about $25,000. Summit Securities Group LLC acquired a new stake in Texas Instruments during the fourth quarter worth about $27,000. Kohmann Bosshard Financial Services LLC acquired a new stake in Texas Instruments during the fourth quarter worth about $28,000. Copia Wealth Management acquired a new stake in Texas Instruments during the fourth quarter valued at approximately $30,000. Finally, Quintet Private Bank Europe S.A. bought a new position in shares of Texas Instruments in the first quarter valued at approximately $34,000. 84.99% of the stock is owned by institutional investors.

Texas Instruments Stock Performance

Shares of TXN stock opened at $195.00 on Friday. The company has a 50 day moving average price of $172.92 and a 200-day moving average price of $182.15. Texas Instruments Incorporated has a 52 week low of $139.95 and a 52 week high of $220.39. The firm has a market capitalization of $177.15 billion, a PE ratio of 37.57, a P/E/G ratio of 3.30 and a beta of 1.00. The company has a quick ratio of 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76.

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 net margin of 30.68% and a return on equity of 28.08%. The firm had revenue of $4.07 billion during the quarter, compared to analyst estimates of $3.91 billion. During the same period in the previous year, the business posted $1.10 earnings per share. The business’s revenue for the quarter was up 11.1% on a year-over-year basis. As a group, equities research analysts expect that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Wednesday, April 30th were issued a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a yield of 2.79%. The ex-dividend date was Wednesday, April 30th. Texas Instruments’s dividend payout ratio is currently 103.23%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on TXN shares. Citigroup boosted their price objective on shares of Texas Instruments from $210.00 to $220.00 and gave the stock a “buy” rating in a research report on Monday, June 9th. TD Securities reaffirmed a “hold” rating and issued a $160.00 target price on shares of Texas Instruments in a research note on Thursday, April 24th. Cantor Fitzgerald dropped their target price on shares of Texas Instruments from $200.00 to $170.00 and set a “neutral” rating on the stock in a report on Thursday, April 24th. Seaport Res Ptn raised shares of Texas Instruments to a “strong sell” rating in a report on Wednesday, April 30th. Finally, Truist Financial lowered their price target on shares of Texas Instruments from $195.00 to $171.00 and set a “hold” rating on the stock in a report on Thursday, April 24th. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Texas Instruments presently has an average rating of “Hold” and a consensus target price of $189.86.

Texas Instruments Company 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.