Friedenthal Financial Makes New $50,000 Investment in Texas Instruments Incorporated (NASDAQ:TXN)

Friedenthal Financial purchased a new stake in Texas Instruments Incorporated (NASDAQ:TXN) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 256 shares of the semiconductor company’s stock, valued at approximately $50,000.

A number of other hedge funds have also bought and sold shares of TXN. Norges Bank bought a new position in shares of Texas Instruments in the fourth quarter worth $1,649,592,000. Van ECK Associates Corp grew its stake in Texas Instruments by 54.3% during the first quarter. Van ECK Associates Corp now owns 5,606,825 shares of the semiconductor company’s stock worth $976,765,000 after buying an additional 1,972,304 shares in the last quarter. California Public Employees Retirement System increased its holdings in Texas Instruments by 33.2% in the 4th quarter. California Public Employees Retirement System now owns 6,035,704 shares of the semiconductor company’s stock valued at $1,028,846,000 after buying an additional 1,502,989 shares during the period. Capital Research Global Investors raised its position in shares of Texas Instruments by 4.7% in the 1st quarter. Capital Research Global Investors now owns 28,715,467 shares of the semiconductor company’s stock valued at $5,002,522,000 after buying an additional 1,279,828 shares in the last quarter. Finally, Baillie Gifford & Co. lifted its holdings in shares of Texas Instruments by 65.8% during the 1st quarter. Baillie Gifford & Co. now owns 2,977,032 shares of the semiconductor company’s stock worth $518,629,000 after acquiring an additional 1,181,841 shares during the period. 84.99% of the stock is owned by institutional investors.

Texas Instruments Stock Down 0.0 %

TXN stock opened at $197.20 on Wednesday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 3.49 and a current ratio of 4.62. Texas Instruments Incorporated has a fifty-two week low of $139.48 and a fifty-two week high of $210.84. The stock’s 50 day simple moving average is $196.96 and its 200 day simple moving average is $182.07. The company has a market cap of $180.05 billion, a P/E ratio of 30.77, a price-to-earnings-growth ratio of 4.18 and a beta of 0.99.

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. Texas Instruments had a return on equity of 31.10% and a net margin of 33.01%. The company had revenue of $3.82 billion for the quarter, compared to analyst estimates of $3.82 billion. During the same period in the prior year, the firm earned $1.87 earnings per share. Texas Instruments’s revenue for the quarter was down 15.6% on a year-over-year basis. On average, research analysts expect that Texas Instruments Incorporated will post 5.11 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 13th. Stockholders of record on Wednesday, July 31st were issued a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date of this dividend was Wednesday, July 31st. Texas Instruments’s dividend payout ratio is currently 81.12%.

Analyst Ratings Changes

A number of brokerages recently issued reports on TXN. The Goldman Sachs Group lifted their price objective on shares of Texas Instruments from $157.00 to $176.00 and gave the company a “sell” rating in a research note on Wednesday, July 24th. Benchmark reissued a “buy” rating and set a $230.00 target price on shares of Texas Instruments in a research note on Wednesday, July 24th. Wells Fargo & Company assumed coverage on shares of Texas Instruments in a research report on Thursday, May 16th. They set an “underweight” rating and a $150.00 price objective for the company. Susquehanna boosted their target price on shares of Texas Instruments from $205.00 to $250.00 and gave the stock a “positive” rating in a research note on Wednesday, July 17th. Finally, Stifel Nicolaus boosted their price objective on Texas Instruments from $172.00 to $200.00 and gave the stock a “hold” rating in a research report on Thursday, July 18th. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Texas Instruments presently has a consensus rating of “Hold” and an average price target of $198.64.

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.