Texas Instruments Incorporated (NASDAQ:TXN) Shares Purchased by PUREfi Wealth LLC

PUREfi Wealth LLC boosted its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 63.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,557 shares of the semiconductor company’s stock after purchasing an additional 994 shares during the period. PUREfi Wealth LLC’s holdings in Texas Instruments were worth $460,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in Texas Instruments by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 93,567,277 shares of the semiconductor company’s stock valued at $17,544,800,000 after buying an additional 649,620 shares during the last quarter. Geode Capital Management LLC boosted its position in Texas Instruments by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 21,554,142 shares of the semiconductor company’s stock valued at $4,032,599,000 after buying an additional 267,352 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Texas Instruments by 11.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 21,487,468 shares of the semiconductor company’s stock valued at $4,029,115,000 after buying an additional 2,237,035 shares during the last quarter. Norges Bank purchased a new position in Texas Instruments in the 4th quarter valued at about $2,584,490,000. Finally, Alliancebernstein L.P. boosted its position in Texas Instruments by 6.9% in the 4th quarter. Alliancebernstein L.P. now owns 12,706,971 shares of the semiconductor company’s stock valued at $2,382,684,000 after buying an additional 822,797 shares during the last quarter. 84.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. KeyCorp reduced their price target on shares of Texas Instruments from $250.00 to $215.00 and set an “overweight” rating on the stock in a research report on Thursday, April 24th. Stifel Nicolaus reduced their price target on shares of Texas Instruments from $200.00 to $160.00 and set a “hold” rating on the stock in a research report on Thursday, April 17th. Rosenblatt Securities reaffirmed a “buy” rating and set a $216.00 price target on shares of Texas Instruments in a research report on Thursday, April 24th. Barclays cut shares of Texas Instruments from an “equal weight” rating to an “underweight” rating and reduced their price target for the stock from $180.00 to $125.00 in a research report on Tuesday, April 22nd. Finally, Summit Insights cut shares of Texas Instruments from a “buy” rating to a “hold” rating in a research report on Thursday, April 24th. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $190.55.

Texas Instruments Price Performance

TXN opened at $197.69 on Wednesday. The firm has a market cap of $179.60 billion, a price-to-earnings ratio of 37.51, a price-to-earnings-growth ratio of 3.24 and a beta of 1.00. Texas Instruments Incorporated has a fifty-two week low of $139.95 and a fifty-two week high of $220.39. The company’s 50-day moving average price is $174.54 and its 200 day moving average price is $182.01. 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 announced 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. Texas Instruments had a net margin of 30.36% and a return on equity of 28.75%. The company had revenue of $4.07 billion for the quarter, compared to analyst estimates of $3.91 billion. During the same quarter last year, the business earned $1.10 earnings per share. Texas Instruments’s revenue was up 11.1% compared to the same quarter last year. As a group, sell-side analysts expect that Texas Instruments Incorporated will post 5.35 earnings per share 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 paid a $1.36 dividend. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $5.44 annualized dividend and a dividend yield of 2.75%. Texas Instruments’s payout ratio is currently 103.23%.

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.