MJP Associates Inc. ADV Has $602,000 Position in Texas Instruments Incorporated (NASDAQ:TXN)

MJP Associates Inc. ADV lifted its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 5.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,094 shares of the semiconductor company’s stock after buying an additional 162 shares during the period. MJP Associates Inc. ADV’s holdings in Texas Instruments were worth $602,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Silver Oak Securities Incorporated bought a new position in Texas Instruments during the fourth quarter worth about $222,000. First National Advisers LLC grew its position in Texas Instruments by 27.6% in the fourth quarter. First National Advisers LLC now owns 9,516 shares of the semiconductor company’s stock valued at $1,623,000 after acquiring an additional 2,059 shares during the period. Nordea Investment Management AB raised its stake in Texas Instruments by 16.9% during the first quarter. Nordea Investment Management AB now owns 1,005,547 shares of the semiconductor company’s stock worth $175,538,000 after acquiring an additional 145,328 shares in the last quarter. Public Employees Retirement Association of Colorado raised its stake in Texas Instruments by 5,858.6% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 646,869 shares of the semiconductor company’s stock worth $110,265,000 after acquiring an additional 636,013 shares in the last quarter. Finally, Advisors Capital Management LLC lifted its holdings in shares of Texas Instruments by 185.7% during the first quarter. Advisors Capital Management LLC now owns 316,421 shares of the semiconductor company’s stock valued at $55,124,000 after acquiring an additional 205,676 shares during the period. 84.99% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently commented on TXN. KeyCorp increased their price target on Texas Instruments from $200.00 to $250.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. Cantor Fitzgerald restated a “neutral” rating and issued a $210.00 target price on shares of Texas Instruments in a research note on Wednesday, July 24th. Susquehanna lifted their price target on Texas Instruments from $205.00 to $250.00 and gave the company a “positive” rating in a report on Wednesday, July 17th. Stifel Nicolaus raised their price objective 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. Finally, Morgan Stanley upped their target price on shares of Texas Instruments from $150.00 to $156.00 and gave the stock an “underweight” rating in a research report on Thursday, July 11th. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Texas Instruments presently has a consensus rating of “Hold” and an average target price of $198.64.

Texas Instruments Stock Down 0.6 %

TXN traded down $1.09 during trading on Friday, reaching $192.21. 3,066,476 shares of the stock were exchanged, compared to its average volume of 5,555,690. The company has a debt-to-equity ratio of 0.75, a quick ratio of 3.49 and a current ratio of 4.62. The stock’s 50 day moving average price is $196.91 and its two-hundred day moving average price is $181.67. Texas Instruments Incorporated has a twelve month low of $139.48 and a twelve month high of $210.84. The stock has a market cap of $175.50 billion, a P/E ratio of 29.99, a price-to-earnings-growth ratio of 4.07 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 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $3.82 billion. During the same period in the previous year, the company posted $1.87 EPS. The firm’s revenue for the quarter was down 15.6% compared to the same quarter last year. Equities analysts expect that Texas Instruments Incorporated will post 5.11 EPS for the current year.

Texas Instruments Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 13th. Investors of record on Wednesday, July 31st will be given a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date of this dividend is Wednesday, July 31st. Texas Instruments’s dividend payout ratio is 81.12%.

Texas Instruments Company Profile

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.