Kirtland Hills Capital Management LLC Increases Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Kirtland Hills Capital Management LLC boosted its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 5.2% in the 1st quarter, HoldingsChannel reports. The fund owned 10,915 shares of the semiconductor company’s stock after acquiring an additional 541 shares during the quarter. Texas Instruments comprises about 1.2% of Kirtland Hills Capital Management LLC’s investment portfolio, making the stock its 23rd biggest holding. Kirtland Hills Capital Management LLC’s holdings in Texas Instruments were worth $1,961,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. GAMMA Investing LLC boosted its stake in shares of Texas Instruments by 21,778.6% during the first quarter. GAMMA Investing LLC now owns 3,422,027 shares of the semiconductor company’s stock valued at $614,938,000 after acquiring an additional 3,406,386 shares during the last quarter. Jennison Associates LLC boosted its stake in shares of Texas Instruments by 2,898.0% during the first quarter. Jennison Associates LLC now owns 2,214,471 shares of the semiconductor company’s stock valued at $397,940,000 after acquiring an additional 2,140,605 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Texas Instruments by 15.4% during the fourth quarter. Invesco Ltd. now owns 11,893,157 shares of the semiconductor company’s stock valued at $2,230,086,000 after acquiring an additional 1,587,036 shares during the last quarter. Rothschild & Co Wealth Management UK Ltd boosted its stake in shares of Texas Instruments by 1,000.6% during the first quarter. Rothschild & Co Wealth Management UK Ltd now owns 1,287,734 shares of the semiconductor company’s stock valued at $231,406,000 after acquiring an additional 1,170,728 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Texas Instruments by 12.2% during the fourth quarter. Northern Trust Corp now owns 10,398,010 shares of the semiconductor company’s stock valued at $1,949,731,000 after acquiring an additional 1,132,187 shares during the last quarter. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Analysts Set New Price Targets

TXN has been the subject of several recent analyst reports. The Goldman Sachs Group assumed coverage on Texas Instruments in a report on Thursday, July 10th. They issued a “buy” rating and a $255.00 price target for the company. Wells Fargo & Company cut their price objective on shares of Texas Instruments from $215.00 to $195.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 23rd. Mizuho cut their price objective on shares of Texas Instruments from $205.00 to $200.00 and set a “neutral” rating on the stock in a report on Wednesday, July 23rd. Sanford C. Bernstein upgraded shares of Texas Instruments from a “strong sell” rating to a “hold” rating in a report on Thursday, June 5th. Finally, Argus upgraded shares of Texas Instruments to a “strong-buy” rating in a report on Friday, April 25th. Four analysts have rated the stock with a sell rating, thirteen have issued 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.com, the stock has an average rating of “Hold” and an average price target of $212.21.

Texas Instruments Price Performance

Shares of NASDAQ TXN opened at $189.25 on Tuesday. The company has a market capitalization of $171.93 billion, a price-to-earnings ratio of 34.66, a price-to-earnings-growth ratio of 3.03 and a beta of 1.03. The business has a 50 day simple moving average of $200.32 and a 200-day simple moving average of $185.42. The company has a current ratio of 5.81, a quick ratio of 3.88 and a debt-to-equity ratio of 0.86. Texas Instruments Incorporated has a twelve month low of $139.95 and a twelve month high of $221.69.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings data on Tuesday, July 22nd. The semiconductor company reported $1.41 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $0.09. The firm had revenue of $4.45 billion during the quarter, compared to the consensus estimate of $4.31 billion. Texas Instruments had a net margin of 30.23% and a return on equity of 30.10%. The firm’s revenue was up 16.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.17 earnings per share. As a group, equities research analysts expect that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Dividend Announcement

The firm 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 $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date is Thursday, July 31st. Texas Instruments’s dividend payout ratio is presently 99.63%.

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.