Procyon Advisors LLC Acquires 2,369 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Procyon Advisors LLC increased its stake in Texas Instruments (NASDAQ:TXN) by 18.0% in Q1, acquiring 2,369 shares, bringing its total to 15,502 shares valued at $2.69 million. Other institutional investors also adjusted their holdings. Texas Instruments reported Q1 earnings of $1.28 per share, exceeding estimates, with revenue of $4.07 billion. The company declared a quarterly dividend of $1.36 per share. Analysts have mixed ratings on the stock, with target prices ranging from $170 to $210.

Procyon Advisors LLC boosted its position in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 18.0% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 15,502 shares of the semiconductor company's stock after purchasing an additional 2,369 shares during the period. Procyon Advisors LLC's holdings in Texas Instruments were worth $2,687,000 as of its most recent SEC filing.

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Texas Instruments: Earnings Beat, Upbeat Guidance Fuel Recovery

Other institutional investors have also added to or reduced their stakes in the company. Mizuho Securities USA LLC grew its position in shares of Texas Instruments by 46.0% during the 4th quarter. Mizuho Securities USA LLC now owns 86,457 shares of the semiconductor company's stock valued at $16,212,000 after acquiring an additional 27,251 shares during the period. Union Bancaire Privee UBP SA bought a new position in Texas Instruments in the 4th quarter worth approximately $6,544,000. Banque Pictet & Cie SA lifted its stake in Texas Instruments by 0.9% in the 4th quarter. Banque Pictet & Cie SA now owns 2,197,676 shares of the semiconductor company's stock worth $412,086,000 after purchasing an additional 18,650 shares in the last quarter. Nicholas Hoffman & Company LLC. lifted its stake in Texas Instruments by 17.9% in the 4th quarter. Nicholas Hoffman & Company LLC. now owns 5,125 shares of the semiconductor company's stock worth $961,000 after purchasing an additional 778 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. lifted its stake in Texas Instruments by 2.1% in the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 358,784 shares of the semiconductor company's stock worth $67,276,000 after purchasing an additional 7,500 shares in the last quarter. 84.99% of the stock is owned by institutional investors.

Texas Instruments Trading Up 1.0%

NASDAQ TXN opened at $192.42 on Friday. The company has a fifty day simple moving average of $168.87 and a two-hundred day simple moving average of $182.16. The stock has a market cap of $174.81 billion, a P/E ratio of 37.08, a P/E/G ratio of 3.30 and a beta of 0.97. Texas Instruments Incorporated has a 12-month low of $139.95 and a 12-month high of $220.39. The company has a current ratio of 4.12, a quick ratio of 2.88 and a debt-to-equity ratio of 0.76.

High-Yield Texas Instruments Poised to Rebound in 2025

Texas Instruments (NASDAQ:TXN - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.22. The firm had revenue of $4.07 billion during the quarter, compared to analysts' expectations of $3.91 billion. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. The firm's revenue was up 11.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.10 earnings per share. On average, analysts forecast that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 13th. Investors 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 2.83%. Texas Instruments's payout ratio is presently 103.23%.

Analyst Ratings Changes

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Several analysts have issued reports on the stock. Wells Fargo & Company lowered their target price on shares of Texas Instruments from $200.00 to $175.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 24th. Summit Insights cut shares of Texas Instruments from a "buy" rating to a "hold" rating in a research note on Thursday, April 24th. Robert W. Baird upgraded shares of Texas Instruments from a "neutral" rating to an "outperform" rating and set a $175.00 price objective on the stock in a research report on Monday, April 7th. Citigroup lowered their price objective on shares of Texas Instruments from $235.00 to $210.00 and set a "buy" rating on the stock in a research report on Friday, April 11th. Finally, Mizuho set a $170.00 price objective on shares of Texas Instruments in a research report on Thursday, April 24th. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating, nine have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $189.41.

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Texas Instruments Company Profile

(Free Report)

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.

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