Texas Instruments Incorporated (NASDAQ:TXN) Shares Bought by Topsail Wealth Management LLC

Topsail Wealth Management LLC raised its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 32.9% in the first quarter, HoldingsChannel.com reports. The fund owned 8,187 shares of the semiconductor company’s stock after purchasing an additional 2,029 shares during the quarter. Topsail Wealth Management LLC’s holdings in Texas Instruments were worth $1,471,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in TXN. Mizuho Securities USA LLC grew its position in shares of Texas Instruments by 46.0% in the fourth quarter. Mizuho Securities USA LLC now owns 86,457 shares of the semiconductor company’s stock valued at $16,212,000 after purchasing an additional 27,251 shares during the period. Brighton Jones LLC grew its position in shares of Texas Instruments by 33.4% in the fourth quarter. Brighton Jones LLC now owns 16,840 shares of the semiconductor company’s stock valued at $3,158,000 after purchasing an additional 4,218 shares during the period. JARISLOWSKY FRASER Ltd grew its position in shares of Texas Instruments by 7.4% in the fourth quarter. JARISLOWSKY FRASER Ltd now owns 2,390 shares of the semiconductor company’s stock valued at $448,000 after purchasing an additional 165 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in shares of Texas Instruments by 2.3% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 495,548 shares of the semiconductor company’s stock valued at $89,050,000 after purchasing an additional 11,057 shares during the period. Finally, GAMMA Investing LLC grew its position in shares of Texas Instruments by 21.8% in the first quarter. GAMMA Investing LLC now owns 19,043 shares of the semiconductor company’s stock valued at $3,422,000 after purchasing an additional 3,402 shares during the period. 84.99% of the stock is owned by institutional investors and hedge funds.

Texas Instruments Price Performance

NASDAQ TXN opened at $218.43 on Wednesday. The stock has a 50-day simple moving average of $190.62 and a 200 day simple moving average of $183.68. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.37 and a current ratio of 5.26. The stock has a market capitalization of $198.44 billion, a PE ratio of 41.47, a P/E/G ratio of 3.48 and a beta of 1.03. Texas Instruments Incorporated has a twelve month low of $139.95 and a twelve month high of $220.39.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 EPS for the quarter, beating 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 return on equity of 28.75% and a net margin of 30.36%. The company’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.10 EPS. Research analysts anticipate that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Wednesday, April 30th were issued a $1.36 dividend. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $5.44 annualized dividend and a yield of 2.49%. Texas Instruments’s dividend payout ratio (DPR) is 103.23%.

Wall Street Analysts Forecast Growth

TXN has been the subject of a number of research reports. Citigroup boosted their price target on Texas Instruments from $220.00 to $260.00 and gave the company a “buy” rating in a research report on Monday. Morgan Stanley reiterated an “underweight” rating and set a $148.00 price target (up from $146.00) on shares of Texas Instruments in a research report on Thursday, April 24th. Baird R W upgraded Texas Instruments from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 7th. Cowen reiterated a “hold” rating on shares of Texas Instruments in a research report on Wednesday, June 25th. Finally, Argus upgraded Texas Instruments to a “strong-buy” rating in a report on Friday, April 25th. Four analysts have rated the stock with a sell rating, sixteen 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, Texas Instruments currently has an average rating of “Hold” and a consensus target price of $196.91.

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.