QRG Capital Management Inc. Boosts Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

QRG Capital Management Inc. grew its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 25.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 120,101 shares of the semiconductor company’s stock after buying an additional 24,279 shares during the period. QRG Capital Management Inc.’s holdings in Texas Instruments were worth $21,582,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in the business. Sagespring Wealth Partners LLC raised its stake in Texas Instruments by 15.5% during the 1st quarter. Sagespring Wealth Partners LLC now owns 13,590 shares of the semiconductor company’s stock worth $2,442,000 after acquiring an additional 1,819 shares in the last quarter. Precedent Wealth Partners LLC grew its stake in Texas Instruments by 24.6% during the 1st quarter. Precedent Wealth Partners LLC now owns 8,164 shares of the semiconductor company’s stock worth $1,467,000 after buying an additional 1,613 shares during the last quarter. Adero Partners LLC boosted its stake in Texas Instruments by 3.6% during the 1st quarter. Adero Partners LLC now owns 4,121 shares of the semiconductor company’s stock worth $740,000 after purchasing an additional 142 shares during the period. Sowell Financial Services LLC acquired a new stake in Texas Instruments during the 1st quarter worth approximately $729,000. Finally, Janney Montgomery Scott LLC raised its stake in shares of Texas Instruments by 2.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 179,830 shares of the semiconductor company’s stock worth $32,316,000 after buying an additional 3,601 shares in the last quarter. 84.99% of the stock is owned by institutional investors and hedge funds.

Texas Instruments Stock Performance

Shares of NASDAQ:TXN opened at $195.00 on Monday. The business’s 50-day simple moving average is $172.92 and its 200 day simple moving average is $181.91. The company has a market cap of $177.15 billion, a P/E ratio of 37.57, a PEG ratio of 3.30 and a beta of 1.00. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.88 and a current ratio of 4.12. Texas Instruments Incorporated has a one year low of $139.95 and a one year high of $220.39.

Texas Instruments (NASDAQ:TXN) last announced its earnings results 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 net margin of 30.68% and a return on equity of 28.08%. The business had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $3.91 billion. During the same period in the prior year, the firm earned $1.10 earnings per share. The business’s quarterly revenue was up 11.1% compared to the same quarter last year. On average, sell-side analysts forecast that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Wednesday, April 30th were given a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.79%. The ex-dividend date was Wednesday, April 30th. Texas Instruments’s payout ratio is 103.23%.

Analysts Set New Price Targets

TXN has been the topic of several research reports. UBS Group lowered their price target on shares of Texas Instruments from $225.00 to $215.00 and set a “buy” rating on the stock in a research report on Thursday, April 24th. Cantor Fitzgerald reduced their price objective on Texas Instruments from $200.00 to $170.00 and set a “neutral” rating on the stock in a research report on Thursday, April 24th. Summit Insights cut Texas Instruments from a “buy” rating to a “hold” rating in a research report on Thursday, April 24th. Benchmark decreased their price target on shares of Texas Instruments from $230.00 to $200.00 and set a “buy” rating on the stock in a research note on Thursday, April 24th. Finally, DZ Bank raised shares of Texas Instruments from a “sell” rating to a “hold” rating and set a $163.00 price objective for the company in a research report on Friday, April 25th. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $189.86.

About Texas Instruments

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.