Texas Instruments Incorporated (NASDAQ:TXN) Shares Bought by Alta Advisers Ltd

Alta Advisers Ltd boosted its position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 56.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,715 shares of the semiconductor company's stock after purchasing an additional 1,700 shares during the period. Alta Advisers Ltd's holdings in Texas Instruments were worth $847,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the company. Promus Capital LLC purchased a new stake in shares of Texas Instruments in the fourth quarter worth approximately $25,000. Summit Securities Group LLC bought a new position in Texas Instruments in the 4th quarter valued at $27,000. Kohmann Bosshard Financial Services LLC purchased a new stake in Texas Instruments in the fourth quarter worth $28,000. Copia Wealth Management bought a new stake in shares of Texas Instruments during the fourth quarter worth $30,000. Finally, Quintet Private Bank Europe S.A. bought a new stake in shares of Texas Instruments during the first quarter worth $34,000. 84.99% of the stock is currently owned by institutional investors.

Texas Instruments Price Performance

TXN stock traded up $5.14 during trading on Wednesday, hitting $215.59. The stock had a trading volume of 5,532,067 shares, compared to its average volume of 6,428,242. Texas Instruments Incorporated has a twelve month low of $139.95 and a twelve month high of $220.39. The company's 50-day moving average price is $185.09 and its two-hundred day moving average price is $182.69. The company has a debt-to-equity ratio of 0.78, a current ratio of 5.26 and a quick ratio of 3.37. The stock has a market capitalization of $195.86 billion, a P/E ratio of 40.91, a PEG ratio of 3.43 and a beta of 1.03.

Texas Instruments (NASDAQ:TXN - Get Free Report) last released its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.06 by $0.22. The business had revenue of $4.07 billion during the quarter, compared to analyst estimates of $3.91 billion. Texas Instruments had a net margin of 30.36% and a return on equity of 28.75%. The company's revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.10 earnings per share. As a group, 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 declared a quarterly dividend, which was paid on Tuesday, May 13th. Stockholders of record on Wednesday, April 30th were issued a dividend of $1.36 per share. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $5.44 annualized dividend and a dividend yield of 2.52%. Texas Instruments's dividend payout ratio is presently 103.23%.

Analysts Set New Price Targets

Several research firms recently commented on TXN. Seaport Res Ptn raised shares of Texas Instruments to a "strong sell" rating in a research note on Wednesday, April 30th. Truist Financial dropped their target price on shares of Texas Instruments from $195.00 to $171.00 and set a "hold" rating on the stock in a research note on Thursday, April 24th. Benchmark decreased their price target on shares of Texas Instruments from $230.00 to $200.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Stifel Nicolaus lowered their price target on Texas Instruments from $200.00 to $160.00 and set a "hold" rating for the company in a report on Thursday, April 17th. Finally, Cantor Fitzgerald reduced their price objective on Texas Instruments from $200.00 to $170.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. Four analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $191.49.

About Texas Instruments

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.