Texas Instruments Incorporated (NASDAQ:TXN) Shares Bought by Everhart Financial Group Inc.

Everhart Financial Group Inc. grew its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 12.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,190 shares of the semiconductor company’s stock after purchasing an additional 455 shares during the period. Everhart Financial Group Inc.’s holdings in Texas Instruments were worth $753,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of Texas Instruments by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 93,567,277 shares of the semiconductor company’s stock valued at $17,544,800,000 after buying an additional 649,620 shares during the period. Geode Capital Management LLC increased its stake in Texas Instruments by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 21,554,142 shares of the semiconductor company’s stock worth $4,032,599,000 after purchasing an additional 267,352 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Texas Instruments by 11.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 21,487,468 shares of the semiconductor company’s stock worth $4,029,115,000 after purchasing an additional 2,237,035 shares in the last quarter. Norges Bank purchased a new stake in Texas Instruments during the 4th quarter worth approximately $2,584,490,000. Finally, Alliancebernstein L.P. lifted its holdings in Texas Instruments by 6.9% during the 4th quarter. Alliancebernstein L.P. now owns 12,706,971 shares of the semiconductor company’s stock worth $2,382,684,000 after buying an additional 822,797 shares in the last quarter. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on TXN. Stifel Nicolaus lowered their target price on Texas Instruments from $200.00 to $160.00 and set a “hold” rating for the company in a research note on Thursday, April 17th. Summit Insights cut shares of Texas Instruments from a “buy” rating to a “hold” rating in a report on Thursday, April 24th. JPMorgan Chase & Co. reduced their price objective on shares of Texas Instruments from $230.00 to $195.00 and set an “overweight” rating on the stock in a report on Thursday, April 24th. Baird R W upgraded shares of Texas Instruments from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 7th. Finally, Argus raised Texas Instruments to a “strong-buy” rating in a report on Friday, April 25th. Four analysts have rated the stock with a sell rating, twelve have given a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $189.86.

Texas Instruments Price Performance

Shares of TXN opened at $195.00 on Friday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.88 and a current ratio of 4.12. Texas Instruments Incorporated has a fifty-two week low of $139.95 and a fifty-two week high of $220.39. The firm has a 50-day simple moving average of $172.92 and a 200-day simple moving average of $182.15. The company has a market capitalization of $177.15 billion, a price-to-earnings ratio of 37.57, a price-to-earnings-growth ratio of 3.30 and a beta of 1.00.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.22. The company had revenue of $4.07 billion during the quarter, compared to analysts’ expectations of $3.91 billion. Texas Instruments had a return on equity of 28.08% and a net margin of 30.68%. The firm’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same period last year, the firm earned $1.10 EPS. On average, equities research analysts anticipate that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Wednesday, April 30th were given a dividend of $1.36 per share. The ex-dividend date was Wednesday, April 30th. This represents a $5.44 dividend on an annualized basis and a yield of 2.79%. Texas Instruments’s payout ratio is currently 103.23%.

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.