Clear Rock Advisors LLC Increases Position in Texas Instruments Incorporated (NASDAQ:TXN)

Clear Rock Advisors LLC boosted its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 2.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,505 shares of the semiconductor company’s stock after acquiring an additional 288 shares during the period. Clear Rock Advisors LLC’s holdings in Texas Instruments were worth $2,178,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of TXN. Tennessee Valley Asset Management Partners acquired a new position in shares of Texas Instruments in the 4th quarter worth approximately $25,000. Richardson Financial Services Inc. acquired a new position in shares of Texas Instruments in the 4th quarter worth approximately $26,000. Scarborough Advisors LLC acquired a new position in shares of Texas Instruments in the 4th quarter worth approximately $26,000. Pacific Capital Wealth Advisors Inc. acquired a new position in shares of Texas Instruments in the 4th quarter worth approximately $31,000. Finally, Westend Capital Management LLC acquired a new position in shares of Texas Instruments in the 1st quarter worth approximately $31,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Analyst Upgrades and Downgrades

TXN has been the topic of a number of analyst reports. Stifel Nicolaus increased their target price on shares of Texas Instruments from $172.00 to $200.00 and gave the company a “hold” rating in a research report on Thursday, July 18th. JPMorgan Chase & Co. increased 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. The Goldman Sachs Group increased their target price on shares of Texas Instruments from $157.00 to $176.00 and gave the company a “sell” rating in a research report on Wednesday, July 24th. Susquehanna increased 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, Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $210.00 target price on shares of Texas Instruments in a research report on Wednesday, July 24th. Four research 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $198.64.

Texas Instruments Stock Down 3.0 %

TXN traded down $5.87 during trading on Friday, hitting $187.46. The company had a trading volume of 8,050,367 shares, compared to its average volume of 5,589,131. The company has a market cap of $171.16 billion, a PE ratio of 29.24, a P/E/G ratio of 4.21 and a beta of 0.99. The business has a 50-day moving average of $197.84 and a 200-day moving average of $180.87. 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 Incorporated has a 1-year low of $139.48 and a 1-year high of $210.84.

Texas Instruments (NASDAQ:TXN) last issued its earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.06. The company had revenue of $3.82 billion for 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%. The firm’s revenue was down 15.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.87 earnings per share. As a group, analysts forecast that Texas Instruments Incorporated will post 5.11 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, August 13th. Stockholders of record on Wednesday, July 31st will be given a dividend of $1.30 per share. The ex-dividend date of this dividend is Wednesday, July 31st. This represents a $5.20 annualized dividend and a dividend yield of 2.77%. Texas Instruments’s dividend payout ratio is currently 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.