First Trust Direct Indexing L.P. Has $3.61 Million Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

First Trust Direct Indexing L.P. increased its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 10.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,201 shares of the semiconductor company’s stock after buying an additional 1,920 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in Texas Instruments were worth $3,614,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Tennessee Valley Asset Management Partners acquired a new stake in Texas Instruments during the fourth quarter valued at approximately $25,000. Life Planning Partners Inc acquired a new stake in Texas Instruments during the fourth quarter valued at approximately $26,000. Annapolis Financial Services LLC boosted its holdings in Texas Instruments by 333.3% during the third quarter. Annapolis Financial Services LLC now owns 156 shares of the semiconductor company’s stock valued at $25,000 after purchasing an additional 120 shares in the last quarter. Briaud Financial Planning Inc acquired a new stake in Texas Instruments during the third quarter valued at approximately $25,000. Finally, AMH Equity Ltd acquired a new stake in Texas Instruments during the third quarter valued at approximately $32,000. 84.99% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently issued reports on TXN shares. Oppenheimer reiterated a “market perform” rating on shares of Texas Instruments in a research note on Wednesday, April 24th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $180.00 target price on shares of Texas Instruments in a research note on Wednesday, April 24th. Stifel Nicolaus lifted their target price on shares of Texas Instruments from $160.00 to $172.00 and gave the company a “hold” rating in a research note on Wednesday, April 24th. Barclays dropped their price objective on shares of Texas Instruments from $160.00 to $150.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 24th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $210.00 price objective on shares of Texas Instruments in a research report on Wednesday, April 24th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Texas Instruments currently has a consensus rating of “Hold” and an average price target of $180.74.

Texas Instruments Trading Down 0.7 %

Shares of TXN stock traded down $1.22 on Wednesday, hitting $175.20. The stock had a trading volume of 7,165,843 shares, compared to its average volume of 5,715,595. Texas Instruments Incorporated has a twelve month low of $139.48 and a twelve month high of $188.12. The firm has a market cap of $159.52 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. The company has a fifty day moving average price of $169.94 and a two-hundred day moving average price of $162.63.

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

Texas Instruments Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 21st. Investors of record on Wednesday, May 8th will be paid a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 2.97%. The ex-dividend date is Tuesday, May 7th. Texas Instruments’s payout ratio is presently 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.