Harbour Investments Inc. Acquires 177 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Harbour Investments Inc. raised its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 6.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,010 shares of the semiconductor company’s stock after acquiring an additional 177 shares during the quarter. Harbour Investments Inc.’s holdings in Texas Instruments were worth $541,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Sound View Wealth Advisors Group LLC boosted its holdings in Texas Instruments by 0.5% during the first quarter. Sound View Wealth Advisors Group LLC now owns 15,353 shares of the semiconductor company’s stock worth $2,759,000 after buying an additional 69 shares during the last quarter. Torray Investment Partners LLC boosted its holdings in Texas Instruments by 51.5% during the first quarter. Torray Investment Partners LLC now owns 101,098 shares of the semiconductor company’s stock worth $18,167,000 after buying an additional 34,380 shares during the last quarter. Natixis Advisors LLC boosted its stake in Texas Instruments by 27.7% during the 1st quarter. Natixis Advisors LLC now owns 807,980 shares of the semiconductor company’s stock worth $145,194,000 after acquiring an additional 175,048 shares during the last quarter. NorthRock Partners LLC boosted its stake in Texas Instruments by 16.4% during the 1st quarter. NorthRock Partners LLC now owns 6,718 shares of the semiconductor company’s stock worth $1,207,000 after acquiring an additional 947 shares during the last quarter. Finally, FSB Premier Wealth Management Inc. boosted its stake in Texas Instruments by 1.7% during the 1st quarter. FSB Premier Wealth Management Inc. now owns 3,494 shares of the semiconductor company’s stock worth $628,000 after acquiring an additional 60 shares during the last quarter. 84.99% of the stock is currently owned by institutional investors.

Texas Instruments Price Performance

TXN stock opened at $182.73 on Tuesday. The firm’s fifty day moving average is $200.69 and its 200 day moving average is $185.17. Texas Instruments Incorporated has a 52 week low of $139.95 and a 52 week high of $221.69. The firm has a market cap of $166.13 billion, a P/E ratio of 33.47, a P/E/G ratio of 2.97 and a beta of 1.03. The company has a debt-to-equity ratio of 0.86, a quick ratio of 3.88 and a current ratio of 5.81.

Texas Instruments (NASDAQ:TXN) last issued its earnings results on Tuesday, July 22nd. The semiconductor company reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.09. The firm had revenue of $4.45 billion for the quarter, compared to analysts’ expectations of $4.31 billion. Texas Instruments had a net margin of 30.23% and a return on equity of 30.10%. The business’s revenue was up 16.4% on a year-over-year basis. During the same quarter last year, the business earned $1.17 earnings per share. Research analysts predict that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 12th. Investors of record on Thursday, July 31st will be issued a $1.36 dividend. The ex-dividend date is Thursday, July 31st. This represents a $5.44 annualized dividend and a yield of 3.0%. Texas Instruments’s payout ratio is 99.63%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. lifted their price target on shares of Texas Instruments from $195.00 to $225.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 23rd. Morgan Stanley reiterated an “underweight” rating on shares of Texas Instruments in a report on Tuesday, July 22nd. Wells Fargo & Company cut their price objective on Texas Instruments from $215.00 to $195.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 23rd. Rosenblatt Securities reiterated a “buy” rating and set a $245.00 price objective on shares of Texas Instruments in a report on Wednesday, July 23rd. Finally, Summit Insights lowered shares of Texas Instruments from a “buy” rating to a “hold” rating in a research note on Thursday, April 24th. Four equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Texas Instruments has a consensus rating of “Hold” and a consensus price target of $212.21.

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.