AlphaCore Capital LLC Purchases Shares of 3,010 Texas Instruments Incorporated (NASDAQ:TXN)

Key Points

• AlphaCore Capital LLC has invested approximately $541,000 in 3,010 shares of Texas Instruments in the first quarter, reflecting growing interest in the semiconductor sector.
• Texas Instruments' stock currently has a consensus rating of "Hold" among analysts, with a target price averaging $212.21, indicating a stable outlook for the company.
• The semiconductor company reported a quarterly earnings per share (EPS) of $1.41, exceeding expectations, and plans to pay a quarterly dividend of $1.36 per share, yielding 2.9%.

AlphaCore Capital LLC bought a new position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) during the first quarter, according to its most recent filing with the SEC. The fund bought 3,010 shares of the semiconductor company's stock, valued at approximately $541,000.

A number of other hedge funds also recently made changes to their positions in the business. Gerber Kawasaki Wealth & Investment Management increased its stake in Texas Instruments by 1.8% in the 4th quarter. Gerber Kawasaki Wealth & Investment Management now owns 3,187 shares of the semiconductor company's stock worth $598,000 after purchasing an additional 56 shares during the period. Voya Financial Advisors Inc. increased its stake in Texas Instruments by 1.6% in the 4th quarter. Voya Financial Advisors Inc. now owns 3,649 shares of the semiconductor company's stock worth $686,000 after purchasing an additional 58 shares during the period. FSB Premier Wealth Management Inc. increased its stake in Texas Instruments by 1.7% in the 1st quarter. FSB Premier Wealth Management Inc. now owns 3,494 shares of the semiconductor company's stock worth $628,000 after purchasing an additional 60 shares during the period. Dunhill Financial LLC increased its stake in Texas Instruments by 3.7% in the 4th quarter. Dunhill Financial LLC now owns 1,707 shares of the semiconductor company's stock worth $320,000 after purchasing an additional 61 shares during the period. Finally, Sunbelt Securities Inc. increased its stake in Texas Instruments by 2.1% in the 4th quarter. Sunbelt Securities Inc. now owns 3,069 shares of the semiconductor company's stock worth $577,000 after purchasing an additional 63 shares during the period. 84.99% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on TXN. Arete initiated coverage on Texas Instruments in a research note on Thursday, June 26th. They issued a "neutral" rating and a $203.80 price target on the stock. Benchmark lifted their price objective on Texas Instruments from $200.00 to $220.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. BNP Paribas upgraded Texas Instruments to a "strong sell" rating in a research report on Wednesday, July 23rd. Sanford C. Bernstein upgraded Texas Instruments from a "strong sell" rating to a "hold" rating in a research report on Thursday, June 5th. Finally, The Goldman Sachs Group initiated coverage on Texas Instruments in a research report on Thursday, July 10th. They issued a "buy" rating and a $255.00 price objective on the stock. Four equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $212.21.

Texas Instruments Stock Performance

TXN traded down $3.51 during midday trading on Monday, hitting $183.71. 6,441,025 shares of the company traded hands, compared to its average volume of 7,355,522. The company has a quick ratio of 3.88, a current ratio of 5.81 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $167.02 billion, a PE ratio of 33.65, a price-to-earnings-growth ratio of 3.06 and a beta of 1.03. The company's 50-day moving average is $200.91 and its 200 day moving average is $184.88. Texas Instruments Incorporated has a 52 week low of $139.95 and a 52 week high of $221.69.

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

Texas Instruments Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 12th. Stockholders of record on Thursday, July 31st will be paid a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Thursday, July 31st. Texas Instruments's dividend payout ratio (DPR) is currently 99.63%.

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.