Trust Asset Management LLC Has $1.89 Million Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Trust Asset Management LLC grew its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 0.6% during the first quarter, Holdings Channel reports. The firm owned 10,497 shares of the semiconductor company’s stock after acquiring an additional 61 shares during the quarter. Trust Asset Management LLC’s holdings in Texas Instruments were worth $1,886,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Kestra Private Wealth Services LLC raised its stake in Texas Instruments by 10.9% during the 1st quarter. Kestra Private Wealth Services LLC now owns 63,786 shares of the semiconductor company’s stock worth $11,462,000 after buying an additional 6,267 shares during the period. Gries Financial LLC acquired a new position in Texas Instruments during the 1st quarter worth approximately $243,000. Brighton Jones LLC raised its stake in Texas Instruments by 33.4% during the 4th quarter. Brighton Jones LLC now owns 16,840 shares of the semiconductor company’s stock worth $3,158,000 after buying an additional 4,218 shares during the period. JARISLOWSKY FRASER Ltd raised its stake in Texas Instruments by 7.4% during the 4th quarter. JARISLOWSKY FRASER Ltd now owns 2,390 shares of the semiconductor company’s stock worth $448,000 after buying an additional 165 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its stake in Texas Instruments by 2.3% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 495,548 shares of the semiconductor company’s stock worth $89,050,000 after buying an additional 11,057 shares during the period. 84.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on TXN. Susquehanna dropped their price target on Texas Instruments from $250.00 to $240.00 and set a “positive” rating on the stock in a research note on Tuesday, July 22nd. Summit Insights downgraded Texas Instruments from a “buy” rating to a “hold” rating in a research note on Thursday, April 24th. TD Cowen lowered their price objective on Texas Instruments from $245.00 to $230.00 and set a “buy” rating for the company in a research note on Wednesday, July 23rd. Wells Fargo & Company lowered their price objective on Texas Instruments from $215.00 to $195.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 23rd. Finally, Morgan Stanley reissued an “underweight” rating on shares of Texas Instruments in a research note on Tuesday, July 22nd. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Texas Instruments has a consensus rating of “Hold” and a consensus target price of $212.21.

Texas Instruments Stock Performance

TXN stock opened at $187.22 on Monday. The firm has a market cap of $170.21 billion, a PE ratio of 34.29, a P/E/G ratio of 3.06 and a beta of 1.03. The company has a quick ratio of 3.88, a current ratio of 5.81 and a debt-to-equity ratio of 0.86. The business has a 50 day moving average of $200.91 and a 200-day moving average of $184.88. Texas Instruments Incorporated has a 12-month low of $139.95 and a 12-month high of $221.69.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Tuesday, July 22nd. The semiconductor company reported $1.41 earnings per share for the quarter, beating 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 analyst estimates of $4.31 billion. During the same period in the prior year, the company earned $1.17 earnings per share. Texas Instruments’s revenue was up 16.4% compared to the same quarter last year. As a group, sell-side analysts expect that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 12th. Shareholders of record on Thursday, July 31st will be issued a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Thursday, July 31st. Texas Instruments’s dividend payout ratio is 99.63%.

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.