Park Avenue Securities LLC Has $2.31 Million Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Park Avenue Securities LLC grew its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 9.1% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,888 shares of the semiconductor company’s stock after buying an additional 995 shares during the quarter. Park Avenue Securities LLC’s holdings in Texas Instruments were worth $2,313,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Tennessee Valley Asset Management Partners bought a new stake in shares of Texas Instruments in the 4th quarter worth about $25,000. Richardson Financial Services Inc. bought a new stake in Texas Instruments during the 4th quarter worth about $26,000. Scarborough Advisors LLC bought a new stake in Texas Instruments during the 4th quarter worth about $26,000. Westend Capital Management LLC bought a new stake in Texas Instruments during the 1st quarter worth about $31,000. Finally, Pacific Capital Wealth Advisors Inc. bought a new stake in Texas Instruments during the 4th quarter worth about $31,000. Institutional investors own 84.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Truist Financial increased their price objective on shares of Texas Instruments from $167.00 to $203.00 and gave the stock a “hold” rating in a report on Wednesday, July 24th. Citigroup upped their target price on shares of Texas Instruments from $185.00 to $200.00 and gave the company a “neutral” rating in a research report on Monday, July 15th. JPMorgan Chase & Co. upped their target price on shares of Texas Instruments from $195.00 to $230.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. Susquehanna upped their target price on shares of Texas Instruments from $205.00 to $250.00 and gave the company a “positive” rating in a research report on Wednesday, July 17th. Finally, Mizuho upped their target price on shares of Texas Instruments from $164.00 to $170.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $198.64.

Texas Instruments Stock Down 1.5 %

Shares of TXN traded down $2.88 during mid-day trading on Wednesday, hitting $184.07. 5,008,919 shares of the company’s stock were exchanged, compared to its average volume of 5,568,006. The company has a market cap of $167.59 billion, a PE ratio of 29.14, a P/E/G ratio of 4.08 and a beta of 0.99. Texas Instruments Incorporated has a 52 week low of $139.48 and a 52 week high of $210.84. The company has a 50-day simple moving average of $197.23 and a 200 day simple moving average of $181.31. The company has a debt-to-equity ratio of 0.75, a current ratio of 4.62 and a quick ratio of 3.49.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.06. The company had revenue of $3.82 billion during the quarter, compared to analysts’ expectations of $3.82 billion. Texas Instruments had a net margin of 33.01% and a return on equity of 31.10%. During the same period last year, the business earned $1.87 EPS. The business’s quarterly revenue was down 15.6% on a year-over-year basis. On average, research analysts forecast that Texas Instruments Incorporated will post 5.11 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 13th. Stockholders of record on Wednesday, July 31st will be issued a $1.30 dividend. The ex-dividend date is Wednesday, July 31st. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.83%. Texas Instruments’s payout ratio is 81.12%.

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.