First Pacific Financial Increases Position in Texas Instruments Incorporated (NASDAQ:TXN)

First Pacific Financial lifted its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 53.9% during the first quarter, Holdings Channel reports. The institutional investor owned 825 shares of the semiconductor company’s stock after purchasing an additional 289 shares during the period. First Pacific Financial’s holdings in Texas Instruments were worth $148,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Gerber Kawasaki Wealth & Investment Management lifted its position in shares of Texas Instruments by 1.8% in the fourth quarter. Gerber Kawasaki Wealth & Investment Management now owns 3,187 shares of the semiconductor company’s stock valued at $598,000 after acquiring an additional 56 shares in the last quarter. Voya Financial Advisors Inc. raised its stake in Texas Instruments by 1.6% during the 4th quarter. Voya Financial Advisors Inc. now owns 3,649 shares of the semiconductor company’s stock valued at $686,000 after purchasing an additional 58 shares during the period. Dunhill Financial LLC lifted its holdings 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. Prestige Wealth Management Group LLC boosted its stake in Texas Instruments by 3.7% in the 4th quarter. Prestige Wealth Management Group LLC now owns 1,745 shares of the semiconductor company’s stock worth $327,000 after purchasing an additional 62 shares during the period. Finally, Main Street Research LLC boosted its stake in Texas Instruments by 3.1% in the 4th quarter. Main Street Research LLC now owns 2,110 shares of the semiconductor company’s stock worth $396,000 after purchasing an additional 63 shares during the period. Institutional investors own 84.99% of the company’s stock.

Texas Instruments Price Performance

TXN opened at $205.81 on Wednesday. The company has a market capitalization of $186.97 billion, a price-to-earnings ratio of 39.05, a PEG ratio of 3.28 and a beta of 1.00. The company has a current ratio of 5.26, a quick ratio of 3.37 and a debt-to-equity ratio of 0.78. Texas Instruments Incorporated has a 12-month low of $139.95 and a 12-month high of $220.39. The business’s fifty day simple moving average is $179.07 and its 200-day simple moving average is $182.15.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.22. The company had revenue of $4.07 billion during the quarter, compared to analyst estimates of $3.91 billion. Texas Instruments had a net margin of 30.36% and a return on equity of 28.75%. The firm’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.10 earnings per share. On average, equities research analysts anticipate that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The business also recently announced 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. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $5.44 dividend on an annualized basis and a yield of 2.64%. Texas Instruments’s dividend payout ratio is currently 103.23%.

Analyst Upgrades and Downgrades

TXN has been the topic of several research analyst reports. Benchmark lowered their target price on shares of Texas Instruments from $230.00 to $200.00 and set a “buy” rating on the stock in a report on Thursday, April 24th. JPMorgan Chase & Co. decreased their target price on Texas Instruments from $230.00 to $195.00 and set an “overweight” rating on the stock in a research report on Thursday, April 24th. Truist Financial cut their price target on Texas Instruments from $195.00 to $171.00 and set a “hold” rating for the company in a report on Thursday, April 24th. Argus raised Texas Instruments to a “strong-buy” rating in a report on Friday, April 25th. Finally, UBS Group cut their target price on shares of Texas Instruments from $225.00 to $215.00 and set a “buy” rating for the company in a report on Thursday, April 24th. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating, nine have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Texas Instruments presently has a consensus rating of “Hold” and an average price target of $190.55.

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.