Massachusetts Financial Services Co. MA Has $1.34 Billion Position in Texas Instruments Incorporated (NASDAQ:TXN)

Massachusetts Financial Services Co. MA cut its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 3.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,465,886 shares of the semiconductor company’s stock after selling 234,373 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Texas Instruments were worth $1,341,620,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. OVERSEA CHINESE BANKING Corp Ltd grew its holdings in Texas Instruments by 36.9% in the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,884 shares of the semiconductor company’s stock valued at $339,000 after buying an additional 508 shares in the last quarter. Lokken Investment Group LLC grew its holdings in Texas Instruments by 1.7% in the 1st quarter. Lokken Investment Group LLC now owns 6,509 shares of the semiconductor company’s stock valued at $1,170,000 after buying an additional 109 shares in the last quarter. Apollon Wealth Management LLC grew its holdings in Texas Instruments by 2.4% in the 1st quarter. Apollon Wealth Management LLC now owns 36,263 shares of the semiconductor company’s stock valued at $6,517,000 after buying an additional 834 shares in the last quarter. Signaturefd LLC grew its holdings in Texas Instruments by 13.2% in the 1st quarter. Signaturefd LLC now owns 21,592 shares of the semiconductor company’s stock valued at $3,880,000 after buying an additional 2,510 shares in the last quarter. Finally, Slow Capital Inc. grew its holdings in Texas Instruments by 2.1% in the 1st quarter. Slow Capital Inc. now owns 17,653 shares of the semiconductor company’s stock valued at $3,172,000 after buying an additional 359 shares in the last quarter. 84.99% of the stock is owned by institutional investors and hedge funds.

Texas Instruments Price Performance

Shares of TXN stock opened at $221.25 on Monday. The company has a quick ratio of 3.37, a current ratio of 5.26 and a debt-to-equity ratio of 0.78. Texas Instruments Incorporated has a twelve month low of $139.95 and a twelve month high of $221.69. The company has a market cap of $201.00 billion, a P/E ratio of 41.98, a P/E/G ratio of 3.60 and a beta of 1.03. The business has a fifty day simple moving average of $194.11 and a 200 day simple moving average of $184.20.

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, topping 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 business had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $3.91 billion. During the same period in the prior year, the company earned $1.10 EPS. Texas Instruments’s revenue for the quarter was up 11.1% on a year-over-year basis. On average, sell-side analysts forecast that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Wednesday, April 30th were given a $1.36 dividend. The ex-dividend date was Wednesday, April 30th. This represents a $5.44 annualized dividend and a yield of 2.46%. Texas Instruments’s dividend payout ratio is presently 103.23%.

Analysts Set New Price Targets

A number of brokerages have commented on TXN. Truist Financial decreased their price objective on Texas Instruments from $195.00 to $171.00 and set a “hold” rating on the stock in a report on Thursday, April 24th. TD Securities reaffirmed a “hold” rating and issued a $160.00 price objective on shares of Texas Instruments in a report on Thursday, April 24th. Robert W. Baird raised Texas Instruments from a “neutral” rating to an “outperform” rating and set a $175.00 price objective on the stock in a report on Monday, April 7th. TD Cowen raised Texas Instruments from a “hold” rating to a “buy” rating and upped their price objective for the company from $200.00 to $245.00 in a report on Friday. Finally, Barclays lowered Texas Instruments from an “equal weight” rating to an “underweight” rating and decreased their price objective for the company from $180.00 to $125.00 in a report on Tuesday, April 22nd. Three equities 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 assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $202.08.

About Texas Instruments

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.