Concord Wealth Partners Raises Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Concord Wealth Partners grew its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 33.4% during the fourth quarter, Holdings Channel reports. The firm owned 12,414 shares of the semiconductor company’s stock after purchasing an additional 3,109 shares during the quarter. Concord Wealth Partners’ holdings in Texas Instruments were worth $2,116,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Annapolis Financial Services LLC increased its stake in shares of Texas Instruments by 333.3% during the third quarter. Annapolis Financial Services LLC now owns 156 shares of the semiconductor company’s stock worth $25,000 after buying an additional 120 shares during the period. Briaud Financial Planning Inc purchased a new stake in shares of Texas Instruments during the third quarter worth approximately $25,000. Tennessee Valley Asset Management Partners purchased a new stake in shares of Texas Instruments during the fourth quarter worth approximately $25,000. Life Planning Partners Inc purchased a new stake in shares of Texas Instruments during the fourth quarter worth approximately $26,000. Finally, AMH Equity Ltd purchased a new stake in shares of Texas Instruments during the third quarter worth approximately $32,000. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on TXN. Benchmark restated a “buy” rating and set a $210.00 target price on shares of Texas Instruments in a research note on Wednesday, April 24th. Stifel Nicolaus raised their target price on shares of Texas Instruments from $160.00 to $172.00 and gave the stock a “hold” rating in a research report on Wednesday, April 24th. Rosenblatt Securities reaffirmed a “buy” rating and set a $210.00 price target on shares of Texas Instruments in a report on Wednesday, April 24th. JPMorgan Chase & Co. increased their price target on Texas Instruments from $180.00 to $195.00 and gave the stock an “overweight” rating in a report on Wednesday, April 24th. Finally, KeyCorp increased their price target on Texas Instruments from $180.00 to $200.00 and gave the stock an “overweight” rating in a report on Wednesday, January 24th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Texas Instruments has a consensus rating of “Hold” and a consensus target price of $180.74.

Texas Instruments Price Performance

Shares of NASDAQ:TXN traded up $1.27 during midday trading on Wednesday, hitting $177.69. 3,656,262 shares of the stock were exchanged, compared to its average volume of 5,671,511. The stock has a market cap of $161.78 billion, a P/E ratio of 27.75, a PEG ratio of 3.82 and a beta of 1.04. The company has a current ratio of 4.91, a quick ratio of 3.76 and a debt-to-equity ratio of 0.76. Texas Instruments Incorporated has a twelve month low of $139.48 and a twelve month high of $188.12. The company has a 50 day moving average price of $169.94 and a 200-day moving average price of $162.63.

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

Texas Instruments Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 21st. Stockholders of record on Wednesday, May 8th will be paid a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 2.93%. 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.