Agate Pass Investment Management LLC Increases Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Agate Pass Investment Management LLC lifted its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 2.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,828 shares of the semiconductor company’s stock after purchasing an additional 229 shares during the period. Agate Pass Investment Management LLC’s holdings in Texas Instruments were worth $2,125,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

Several research firms have recently issued reports on TXN. Benchmark decreased their price objective on 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 price target on Texas Instruments from $230.00 to $195.00 and set an “overweight” rating on the stock in a research note on Thursday, April 24th. KeyCorp dropped their price objective on shares of Texas Instruments from $250.00 to $215.00 and set an “overweight” rating for the company in a research note on Thursday, April 24th. Truist Financial cut their price objective on shares of Texas Instruments from $195.00 to $171.00 and set a “hold” rating on the stock in a report on Thursday, April 24th. Finally, Citigroup lowered their target price on shares of Texas Instruments from $235.00 to $210.00 and set a “buy” rating for the company in a report on Friday, April 11th. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $189.41.

Texas Instruments Trading Up 0.5%

NASDAQ:TXN opened at $184.99 on Friday. The stock has a market cap of $168.06 billion, a price-to-earnings ratio of 35.64, a PEG ratio of 3.30 and a beta of 0.97. 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 1 year low of $139.95 and a 1 year high of $220.39. The business has a fifty day moving average of $168.00 and a 200-day moving average of $182.90.

Texas Instruments (NASDAQ:TXN) last announced its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.22. The firm had revenue of $4.07 billion during the quarter, compared to analyst estimates of $3.91 billion. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. Texas Instruments’s revenue was up 11.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.10 EPS. Equities analysts predict that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Investors 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 annualized dividend and a yield of 2.94%. Texas Instruments’s payout ratio is 103.23%.

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.