AE Wealth Management LLC Increases Stake in Texas Instruments Incorporated (NASDAQ:TXN)

AE Wealth Management LLC raised its position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 17.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,685 shares of the semiconductor company's stock after acquiring an additional 7,864 shares during the period. AE Wealth Management LLC's holdings in Texas Instruments were worth $9,468,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of TXN. Geode Capital Management LLC grew 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 acquiring an additional 267,352 shares during the last quarter. Norges Bank bought a new position in Texas Instruments in the 4th quarter valued at $2,584,490,000. Alliancebernstein L.P. grew 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 acquiring an additional 822,797 shares during the last quarter. Invesco Ltd. grew its position in Texas Instruments by 15.4% in the 4th quarter. Invesco Ltd. now owns 11,893,157 shares of the semiconductor company's stock valued at $2,230,086,000 after acquiring an additional 1,587,036 shares during the last quarter. Finally, Northern Trust Corp grew its position in Texas Instruments by 12.2% in the 4th quarter. Northern Trust Corp now owns 10,398,010 shares of the semiconductor company's stock valued at $1,949,731,000 after acquiring an additional 1,132,187 shares during the last quarter. 84.99% of the stock is owned by hedge funds and other institutional investors.

Texas Instruments Stock Performance

Shares of NASDAQ:TXN traded down $0.70 during trading on Friday, hitting $184.99. The stock had a trading volume of 7,026,213 shares, compared to its average volume of 6,968,143. Texas Instruments Incorporated has a 12-month low of $139.95 and a 12-month high of $221.69. The stock has a market capitalization of $168.06 billion, a price-to-earnings ratio of 33.88, a price-to-earnings-growth ratio of 3.06 and a beta of 1.03. The company has a quick ratio of 3.37, a current ratio of 5.81 and a debt-to-equity ratio of 0.86. The stock has a 50-day simple moving average of $200.30 and a two-hundred day simple moving average of $185.52.

Texas Instruments (NASDAQ:TXN - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The semiconductor company reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.09. Texas Instruments had a return on equity of 30.10% and a net margin of 30.23%. The firm had revenue of $4.45 billion during the quarter, compared to analysts' expectations of $4.31 billion. During the same period last year, the business posted $1.17 earnings per share. The company's revenue for the quarter was up 16.4% compared to the same quarter last year. On average, equities research analysts expect that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 12th. Stockholders of record on Thursday, July 31st will be paid a $1.36 dividend. This represents a $5.44 annualized dividend and a dividend yield of 2.94%. The ex-dividend date is Thursday, July 31st. Texas Instruments's payout ratio is 99.63%.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Susquehanna cut their price objective on Texas Instruments from $250.00 to $240.00 and set a "positive" rating on the stock in a research report on Tuesday. The Goldman Sachs Group assumed coverage on Texas Instruments in a research report on Thursday, July 10th. They set a "buy" rating and a $255.00 price target on the stock. TD Cowen dropped their price target on Texas Instruments from $245.00 to $230.00 and set a "buy" rating on the stock in a research report on Wednesday. Rosenblatt Securities reissued a "buy" rating and set a $245.00 price target on shares of Texas Instruments in a research report on Wednesday. Finally, Sanford C. Bernstein raised Texas Instruments from a "strong sell" rating to a "hold" rating in a research report on Thursday, June 5th. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $211.40.

Texas Instruments 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.