Ballast Inc. Acquires 157 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Ballast Inc. increased its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 2.1% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,694 shares of the semiconductor company’s stock after purchasing an additional 157 shares during the period. Ballast Inc.’s holdings in Texas Instruments were worth $1,383,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Gerber Kawasaki Wealth & Investment Management boosted its position in Texas Instruments by 1.8% in the 4th quarter. Gerber Kawasaki Wealth & Investment Management now owns 3,187 shares of the semiconductor company’s stock worth $598,000 after purchasing an additional 56 shares in the last quarter. Voya Financial Advisors Inc. boosted its position in Texas Instruments by 1.6% in the 4th quarter. Voya Financial Advisors Inc. now owns 3,649 shares of the semiconductor company’s stock worth $686,000 after purchasing an additional 58 shares in the last quarter. FSB Premier Wealth Management Inc. boosted its position in Texas Instruments by 1.7% in the 1st quarter. FSB Premier Wealth Management Inc. now owns 3,494 shares of the semiconductor company’s stock worth $628,000 after purchasing an additional 60 shares in the last quarter. Dunhill Financial LLC boosted its position in Texas Instruments by 3.7% in the 4th quarter. Dunhill Financial LLC now owns 1,707 shares of the semiconductor company’s stock worth $320,000 after purchasing an additional 61 shares in the last quarter. Finally, Sunbelt Securities Inc. boosted its position in Texas Instruments by 2.1% in the 4th quarter. Sunbelt Securities Inc. now owns 3,069 shares of the semiconductor company’s stock worth $577,000 after purchasing an additional 63 shares in the last quarter. Institutional investors own 84.99% of the company’s stock.

Wall Street Analysts Forecast Growth

TXN has been the topic of a number of recent analyst reports. Wells Fargo & Company decreased their target price on Texas Instruments from $215.00 to $195.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 23rd. Cantor Fitzgerald reiterated a “neutral” rating on shares of Texas Instruments in a research report on Tuesday, July 22nd. Wolfe Research upgraded Texas Instruments from a “peer perform” rating to an “outperform” rating and set a $230.00 target price on the stock in a research report on Monday, July 28th. Arete Research upgraded Texas Instruments to a “hold” rating in a research report on Thursday, June 26th. Finally, Citigroup reiterated a “buy” rating on shares of Texas Instruments in a research report on Tuesday, July 22nd. Four research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $212.21.

Texas Instruments Price Performance

Shares of NASDAQ TXN opened at $187.22 on Monday. The company has a current ratio of 5.81, a quick ratio of 3.88 and a debt-to-equity ratio of 0.86. Texas Instruments Incorporated has a twelve month low of $139.95 and a twelve month high of $221.69. The stock has a 50 day moving average of $200.91 and a two-hundred day moving average of $184.88. The stock has a market cap of $170.21 billion, a P/E ratio of 34.29, a P/E/G ratio of 3.06 and a beta of 1.03.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data on Tuesday, July 22nd. The semiconductor company reported $1.41 earnings per share for the quarter, beating analysts’ consensus estimates of $1.32 by $0.09. Texas Instruments had a return on equity of 30.10% and a net margin of 30.23%. The company had revenue of $4.45 billion during the quarter, compared to analysts’ expectations of $4.31 billion. During the same quarter in the previous year, the business earned $1.17 earnings per share. The firm’s revenue for the quarter was up 16.4% on a year-over-year basis. On average, research analysts forecast that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 12th. Stockholders of record on Thursday, July 31st will be issued a $1.36 dividend. The ex-dividend date of this dividend is Thursday, July 31st. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.9%. Texas Instruments’s payout ratio is presently 99.63%.

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.