Brighton Jones LLC Acquires 3,180 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Brighton Jones LLC grew its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 33.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 12,628 shares of the semiconductor company’s stock after purchasing an additional 3,180 shares during the period. Brighton Jones LLC’s holdings in Texas Instruments were worth $2,153,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Field & Main Bank grew its position in Texas Instruments by 10.4% during the 4th quarter. Field & Main Bank now owns 693 shares of the semiconductor company’s stock worth $118,000 after acquiring an additional 65 shares during the last quarter. Howard Financial Services LTD. grew its position in Texas Instruments by 3.1% during the 4th quarter. Howard Financial Services LTD. now owns 2,177 shares of the semiconductor company’s stock worth $371,000 after acquiring an additional 66 shares during the last quarter. Sandy Spring Bank grew its position in Texas Instruments by 3.5% during the 4th quarter. Sandy Spring Bank now owns 1,934 shares of the semiconductor company’s stock worth $330,000 after acquiring an additional 66 shares during the last quarter. Harbour Investments Inc. grew its position in Texas Instruments by 2.1% during the 3rd quarter. Harbour Investments Inc. now owns 3,197 shares of the semiconductor company’s stock worth $508,000 after acquiring an additional 67 shares during the last quarter. Finally, Pinnacle Financial Partners Inc grew its position in Texas Instruments by 0.5% during the 3rd quarter. Pinnacle Financial Partners Inc now owns 12,470 shares of the semiconductor company’s stock worth $1,983,000 after acquiring an additional 68 shares during the last quarter. Institutional investors own 84.99% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on TXN shares. Barclays reduced their price objective on Texas Instruments from $160.00 to $150.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 24th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $180.00 price target on shares of Texas Instruments in a research report on Wednesday, April 24th. Robert W. Baird upped their price target on Texas Instruments from $125.00 to $175.00 and gave the company a “neutral” rating in a research report on Thursday, April 25th. Mizuho upped their price target on Texas Instruments from $164.00 to $170.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. Finally, Susquehanna upped their price target on Texas Instruments from $200.00 to $205.00 and gave the company a “positive” rating in a research report on Wednesday, April 24th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $180.74.

Texas Instruments Stock Down 1.6 %

TXN stock opened at $176.42 on Wednesday. The stock’s 50 day simple moving average is $169.94 and its 200 day simple moving average is $162.63. Texas Instruments Incorporated has a fifty-two week low of $139.48 and a fifty-two week high of $188.12. The company has a debt-to-equity ratio of 0.76, a quick ratio of 3.76 and a current ratio of 4.91. The company has a market cap of $160.63 billion, a P/E ratio of 27.52, a price-to-earnings-growth ratio of 3.82 and a beta of 1.04.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.13. Texas Instruments had a return on equity of 35.28% and a net margin of 35.16%. The business had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $3.61 billion. During the same period in the prior year, the business earned $1.85 EPS. The firm’s revenue for the quarter was down 16.4% on a year-over-year basis. On average, research analysts expect that Texas Instruments Incorporated will post 5.21 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 21st. Stockholders of record on Wednesday, May 8th will be paid a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 2.95%. The ex-dividend date of this dividend is Tuesday, May 7th. Texas Instruments’s dividend payout ratio (DPR) is presently 81.12%.

Texas Instruments Company 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.