Kraft Davis & Associates LLC Purchases Shares of 1,430 Texas Instruments Incorporated (NASDAQ:TXN)

Kraft Davis & Associates LLC acquired a new stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,430 shares of the semiconductor company’s stock, valued at approximately $257,000.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Texas Instruments by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 93,567,277 shares of the semiconductor company’s stock valued at $17,544,800,000 after buying an additional 649,620 shares in the last quarter. Geode Capital Management LLC raised its position in Texas Instruments by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 21,554,142 shares of the semiconductor company’s stock worth $4,032,599,000 after purchasing an additional 267,352 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Texas Instruments by 11.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 21,487,468 shares of the semiconductor company’s stock worth $4,029,115,000 after purchasing an additional 2,237,035 shares during the period. Norges Bank bought a new position in Texas Instruments during the fourth quarter worth about $2,584,490,000. Finally, Alliancebernstein L.P. boosted its holdings in Texas Instruments by 6.9% during the fourth quarter. Alliancebernstein L.P. now owns 12,706,971 shares of the semiconductor company’s stock valued at $2,382,684,000 after purchasing an additional 822,797 shares in the last quarter. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Texas Instruments Stock Down 0.2%

Texas Instruments stock opened at $205.38 on Thursday. 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 1-year low of $139.95 and a 1-year high of $220.39. The company has a fifty day simple moving average of $180.24 and a 200 day simple moving average of $182.31. The company has a market cap of $186.58 billion, a P/E ratio of 38.97, a price-to-earnings-growth ratio of 3.35 and a beta of 1.00.

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, beating 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 company had revenue of $4.07 billion during the quarter, compared to analysts’ expectations of $3.91 billion. During the same quarter last year, the company earned $1.10 EPS. Texas Instruments’s revenue for the quarter was up 11.1% compared to the same quarter last year. 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 disclosed a quarterly dividend, which was paid on Tuesday, May 13th. Stockholders of record on Wednesday, April 30th were paid a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.65%. The ex-dividend date was Wednesday, April 30th. Texas Instruments’s dividend payout ratio is currently 103.23%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on TXN shares. Sanford C. Bernstein raised Texas Instruments from a “strong sell” rating to a “hold” rating in a report on Thursday, June 5th. Barclays cut Texas Instruments from an “equal weight” rating to an “underweight” rating and cut their price objective for the company from $180.00 to $125.00 in a report on Tuesday, April 22nd. TD Cowen increased their target price on shares of Texas Instruments from $160.00 to $200.00 and gave the stock a “hold” rating in a research report on Wednesday. Citigroup boosted their price target on shares of Texas Instruments from $210.00 to $220.00 and gave the company a “buy” rating in a research report on Monday, June 9th. Finally, Baird R W upgraded shares of Texas Instruments from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 7th. Four investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $190.96.

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.