Longfellow Investment Management Co. LLC Increases Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Longfellow Investment Management Co. LLC raised its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 65.5% during the 1st quarter, HoldingsChannel reports. The firm owned 8,437 shares of the semiconductor company’s stock after acquiring an additional 3,339 shares during the period. Longfellow Investment Management Co. LLC’s holdings in Texas Instruments were worth $1,516,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of TXN. Gerber Kawasaki Wealth & Investment Management raised its position in shares of Texas Instruments by 1.8% during the 4th quarter. Gerber Kawasaki Wealth & Investment Management now owns 3,187 shares of the semiconductor company’s stock worth $598,000 after buying an additional 56 shares in the last quarter. Voya Financial Advisors Inc. raised its stake in shares of 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 buying an additional 58 shares in the last quarter. FSB Premier Wealth Management Inc. raised its stake in shares of 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 buying an additional 60 shares in the last quarter. Dunhill Financial LLC raised its stake in shares of 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 buying an additional 61 shares in the last quarter. Finally, Sunbelt Securities Inc. raised its stake in shares of 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 buying an additional 63 shares in the last quarter. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on TXN. Cowen reissued a “hold” rating on shares of Texas Instruments in a research note on Wednesday, June 25th. 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 report on Monday, July 28th. TD Cowen decreased their target price on Texas Instruments from $245.00 to $230.00 and set a “buy” rating on the stock in a report on Wednesday, July 23rd. Morgan Stanley restated an “underweight” rating on shares of Texas Instruments in a report on Tuesday, July 22nd. Finally, Truist Financial lifted their target price on Texas Instruments from $171.00 to $196.00 and gave the stock a “hold” rating in a report on Wednesday, July 23rd. Four investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Texas Instruments presently has an average rating of “Hold” and a consensus price target of $212.21.

Texas Instruments Price Performance

Shares of NASDAQ:TXN opened at $187.22 on Monday. Texas Instruments Incorporated has a fifty-two week low of $139.95 and a fifty-two week high of $221.69. The business has a 50-day moving average of $200.91 and a two-hundred day moving average of $184.88. The stock has a market capitalization 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. The company has a debt-to-equity ratio of 0.86, a current ratio of 5.81 and a quick ratio of 3.88.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data on Tuesday, July 22nd. The semiconductor company reported $1.41 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.09. Texas Instruments had a return on equity of 30.10% and a net margin of 30.23%. The business 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 firm earned $1.17 EPS. The firm’s revenue was up 16.4% compared to the same quarter last year. On average, equities research analysts predict that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 12th. Shareholders 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 annualized dividend and a yield of 2.9%. Texas Instruments’s dividend payout ratio is 99.63%.

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.