Alpine Bank Wealth Management Purchases Shares of 6,095 Texas Instruments Incorporated (NASDAQ:TXN)

Alpine Bank Wealth Management purchased a new stake in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 6,095 shares of the semiconductor company's stock, valued at approximately $1,095,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank bought a new stake in Texas Instruments during the fourth quarter valued at $2,584,490,000. GAMMA Investing LLC grew its holdings 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 in the last quarter. Charles Schwab Investment Management Inc. raised its position in 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 purchasing an additional 2,237,035 shares during the last quarter. Invesco Ltd. increased its stake in shares of Texas Instruments by 15.4% in the fourth quarter. Invesco Ltd. now owns 11,893,157 shares of the semiconductor company's stock valued at $2,230,086,000 after buying an additional 1,587,036 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in Texas Instruments during the fourth quarter worth approximately $295,665,000. 84.99% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently commented on the company. TD Securities restated a "hold" rating and set a $160.00 target price on shares of Texas Instruments in a research report on Thursday, April 24th. Truist Financial lowered their target price on Texas Instruments from $195.00 to $171.00 and set a "hold" rating on the stock in a research report on Thursday, April 24th. Morgan Stanley reissued an "underweight" rating and set a $148.00 price objective (up from $146.00) on shares of Texas Instruments in a research note on Thursday, April 24th. 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. Finally, Sanford C. Bernstein raised Texas Instruments from a "strong sell" rating to a "hold" rating in a research note on Thursday, June 5th. Four research analysts have rated the stock with a sell rating, twelve have given a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Texas Instruments has a consensus rating of "Hold" and a consensus target price of $190.55.

Texas Instruments Stock Performance

TXN opened at $205.81 on Wednesday. The company has a market capitalization of $186.97 billion, a price-to-earnings ratio of 39.05, a price-to-earnings-growth ratio of 3.28 and a beta of 1.00. Texas Instruments Incorporated has a 1-year low of $139.95 and a 1-year high of $220.39. The business has a 50 day moving average price of $179.07 and a two-hundred day moving average price of $182.15. The company has a debt-to-equity ratio of 0.78, a current ratio of 5.26 and a quick ratio of 3.37.

Texas Instruments (NASDAQ:TXN - Get Free Report) last released 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 business had revenue of $4.07 billion for the quarter, compared to analysts' expectations of $3.91 billion. During the same period in the prior year, the firm earned $1.10 earnings per share. Texas Instruments's revenue was up 11.1% compared to the same quarter last year. Research analysts predict that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 13th. Investors of record on Wednesday, April 30th were paid a $1.36 dividend. This represents a $5.44 annualized dividend and a yield of 2.64%. The ex-dividend date was Wednesday, April 30th. Texas Instruments's payout ratio is 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.

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