1858 Wealth Management LLC Makes New Investment in Texas Instruments Incorporated (NASDAQ:TXN)

1858 Wealth Management LLC purchased a new position in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 1,584 shares of the semiconductor company's stock, valued at approximately $285,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of TXN. Vanguard Group Inc. lifted its position in Texas Instruments by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 93,567,277 shares of the semiconductor company's stock valued at $17,544,800,000 after purchasing an additional 649,620 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Texas Instruments by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 21,554,142 shares of the semiconductor company's stock valued at $4,032,599,000 after acquiring an additional 267,352 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Texas Instruments by 11.6% in the fourth 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 acquiring an additional 2,237,035 shares in the last quarter. Norges Bank purchased a new position in shares of Texas Instruments in the fourth quarter valued at about $2,584,490,000. Finally, Alliancebernstein L.P. increased its holdings in shares of Texas Instruments by 6.9% in the fourth quarter. Alliancebernstein L.P. now owns 12,706,971 shares of the semiconductor company's stock worth $2,382,684,000 after purchasing an additional 822,797 shares during the last quarter. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Texas Instruments Stock Down 0.1%

Shares of NASDAQ TXN opened at $198.20 on Friday. 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 firm has a market capitalization of $180.06 billion, a price-to-earnings ratio of 37.61, a PEG ratio of 3.23 and a beta of 1.00. The stock has a 50 day moving average price of $176.97 and a 200 day moving average price of $182.00. Texas Instruments Incorporated has a 52-week low of $139.95 and a 52-week high of $220.39.

Texas Instruments (NASDAQ:TXN - Get Free Report) last announced its quarterly earnings results 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 firm had revenue of $4.07 billion during the quarter, compared to analyst estimates of $3.91 billion. Texas Instruments had a return on equity of 28.75% and a net margin of 30.36%. Texas Instruments's quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.10 earnings per share. Sell-side analysts expect that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Wednesday, April 30th were issued a dividend of $1.36 per share. The ex-dividend date was Wednesday, April 30th. This represents a $5.44 dividend on an annualized basis and a yield of 2.74%. Texas Instruments's dividend payout ratio is currently 103.23%.

Analysts Set New Price Targets

Several brokerages have weighed in on TXN. Citigroup boosted their price objective on Texas Instruments from $210.00 to $220.00 and gave the stock a "buy" rating in a research note on Monday, June 9th. UBS Group reduced their price objective on Texas Instruments from $225.00 to $215.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Barclays cut Texas Instruments from an "equal weight" rating to an "underweight" rating and reduced their price objective for the stock from $180.00 to $125.00 in a research note on Tuesday, April 22nd. Wells Fargo & Company set a $190.00 price objective on Texas Instruments and gave the stock an "equal weight" rating in a research note on Monday, June 16th. Finally, Stifel Nicolaus dropped their target price on Texas Instruments from $200.00 to $160.00 and set a "hold" rating for the company in a research report on Thursday, April 17th. Four analysts have rated the stock with a sell rating, twelve have assigned a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Texas Instruments presently 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.

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