Texas Instruments Incorporated (NASDAQ:TXN) Shares Purchased by State of Alaska Department of Revenue

State of Alaska Department of Revenue boosted its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 2.5% during the first quarter, Holdings Channel.com reports. The fund owned 106,637 shares of the semiconductor company’s stock after acquiring an additional 2,625 shares during the period. State of Alaska Department of Revenue’s holdings in Texas Instruments were worth $19,162,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in TXN. Norges Bank acquired a new stake in shares of Texas Instruments during the 4th quarter worth about $2,584,490,000. GAMMA Investing LLC boosted its stake in shares of Texas Instruments by 21,778.6% during the 1st quarter. GAMMA Investing LLC now owns 3,422,027 shares of the semiconductor company’s stock worth $614,938,000 after purchasing an additional 3,406,386 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Texas Instruments by 11.6% during the 4th 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 during the last quarter. Invesco Ltd. boosted its stake in shares of Texas Instruments by 15.4% during the 4th quarter. Invesco Ltd. now owns 11,893,157 shares of the semiconductor company’s stock worth $2,230,086,000 after purchasing an additional 1,587,036 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Texas Instruments during the 4th quarter worth about $295,665,000. 84.99% of the stock is owned by institutional investors and hedge funds.

Texas Instruments Trading Down 0.8%

TXN opened at $197.69 on Wednesday. The firm has a market capitalization of $179.60 billion, a P/E ratio of 37.51, a P/E/G ratio of 3.24 and a beta of 1.00. The firm’s 50 day moving average is $174.54 and its 200-day moving average is $182.01. Texas Instruments Incorporated has a 52-week low of $139.95 and a 52-week high of $220.39. The company has a quick ratio of 3.37, a current ratio of 5.26 and a debt-to-equity ratio of 0.78.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.22. The company had revenue of $4.07 billion for the quarter, compared to analyst estimates of $3.91 billion. Texas Instruments had a net margin of 30.36% and a return on equity of 28.75%. The business’s quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.10 earnings per share. Analysts expect that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 13th. Stockholders of record on Wednesday, April 30th were given a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.75%. The ex-dividend date of this dividend was Wednesday, April 30th. Texas Instruments’s payout ratio is currently 103.23%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. UBS Group decreased their price target on shares of Texas Instruments from $225.00 to $215.00 and set a “buy” rating on the stock in a research note on Thursday, April 24th. Mizuho set a $170.00 target price on shares of Texas Instruments in a research report on Thursday, April 24th. Sanford C. Bernstein raised shares of Texas Instruments from a “strong sell” rating to a “hold” rating in a research report on Thursday, June 5th. JPMorgan Chase & Co. decreased their target price on shares of Texas Instruments from $230.00 to $195.00 and set an “overweight” rating on the stock in a research report on Thursday, April 24th. Finally, Seaport Res Ptn raised shares of Texas Instruments to a “strong sell” rating in a research report on Wednesday, April 30th. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Texas Instruments has a consensus rating of “Hold” and an average target price of $190.55.

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.