Bennett Associates Wealth Management Acquires 80 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Bennett Associates Wealth Management boosted its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 4.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,800 shares of the semiconductor company’s stock after purchasing an additional 80 shares during the period. Bennett Associates Wealth Management’s holdings in Texas Instruments were worth $323,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Promus Capital LLC bought a new position in Texas Instruments in the fourth quarter worth about $25,000. Financial Life Planners bought a new position in Texas Instruments in the fourth quarter worth about $26,000. Summit Securities Group LLC bought a new position in Texas Instruments in the fourth quarter worth about $27,000. Kohmann Bosshard Financial Services LLC bought a new position in Texas Instruments in the fourth quarter worth about $28,000. Finally, Copia Wealth Management bought a new position in shares of Texas Instruments during the fourth quarter valued at approximately $30,000. 84.99% of the stock is owned by institutional investors.

Texas Instruments Price Performance

NASDAQ:TXN opened at $180.85 on Monday. Texas Instruments Incorporated has a 52 week low of $139.95 and a 52 week high of $220.39. The company has a quick ratio of 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76. The stock’s fifty day moving average is $167.94 and its two-hundred day moving average is $182.36. The company has a market capitalization of $164.30 billion, a P/E ratio of 34.85, a P/E/G ratio of 3.30 and a beta of 0.97.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.22. Texas Instruments had a return on equity of 28.08% and a net margin of 30.68%. The business had revenue of $4.07 billion during the quarter, compared to analysts’ expectations of $3.91 billion. During the same period in the previous year, the firm posted $1.10 earnings per share. The company’s revenue was up 11.1% on a year-over-year basis. Equities analysts expect that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Stockholders of record on Wednesday, April 30th were issued a $1.36 dividend. This represents a $5.44 annualized dividend and a dividend yield of 3.01%. The ex-dividend date was Wednesday, April 30th. Texas Instruments’s payout ratio is currently 103.23%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Rosenblatt Securities reaffirmed a “buy” rating and set a $216.00 target price on shares of Texas Instruments in a research note on Thursday, April 24th. Robert W. Baird raised shares of Texas Instruments from a “neutral” rating to an “outperform” rating and set a $175.00 target price for the company in a research note on Monday, April 7th. Barclays downgraded shares of Texas Instruments from an “equal weight” rating to an “underweight” rating and decreased their target price for the company from $180.00 to $125.00 in a research note on Tuesday, April 22nd. Mizuho set a $170.00 target price on shares of Texas Instruments in a research note on Thursday, April 24th. Finally, Truist Financial reduced their price target on shares of Texas Instruments from $195.00 to $171.00 and set a “hold” rating for the company in a research report on Thursday, April 24th. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $189.41.

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.