Banque Pictet & Cie SA Has $400.19 Million Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Banque Pictet & Cie SA raised its holdings in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 1.3% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,226,984 shares of the semiconductor company's stock after purchasing an additional 29,308 shares during the quarter. Texas Instruments makes up about 3.2% of Banque Pictet & Cie SA's investment portfolio, making the stock its 7th largest position. Banque Pictet & Cie SA owned approximately 0.24% of Texas Instruments worth $400,189,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of TXN. Mizuho Securities USA LLC grew its stake in shares of Texas Instruments by 46.0% during the fourth quarter. Mizuho Securities USA LLC now owns 86,457 shares of the semiconductor company's stock worth $16,212,000 after purchasing an additional 27,251 shares during the period. Brighton Jones LLC lifted its holdings in shares of Texas Instruments by 33.4% in the fourth quarter. Brighton Jones LLC now owns 16,840 shares of the semiconductor company's stock valued at $3,158,000 after purchasing an additional 4,218 shares in the last quarter. JARISLOWSKY FRASER Ltd raised its holdings in Texas Instruments by 7.4% during the fourth quarter. JARISLOWSKY FRASER Ltd now owns 2,390 shares of the semiconductor company's stock worth $448,000 after acquiring an additional 165 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in Texas Instruments by 2.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 495,548 shares of the semiconductor company's stock worth $89,050,000 after acquiring an additional 11,057 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in Texas Instruments by 21.8% during the first quarter. GAMMA Investing LLC now owns 19,043 shares of the semiconductor company's stock worth $3,422,000 after acquiring an additional 3,402 shares in the last quarter. Institutional investors own 84.99% of the company's stock.

Texas Instruments Price Performance

Shares of NASDAQ TXN opened at $218.54 on Wednesday. Texas Instruments Incorporated has a fifty-two week low of $139.95 and a fifty-two week high of $220.38. The company has a 50 day simple moving average of $190.62 and a two-hundred day simple moving average of $183.68. The company has a market capitalization of $198.54 billion, a price-to-earnings ratio of 41.47, a P/E/G ratio of 3.48 and a beta of 1.03. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.37 and a current ratio of 5.26.

Texas Instruments (NASDAQ:TXN - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share (EPS) for the quarter, topping 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 company had revenue of $4.07 billion for the quarter, compared to analysts' expectations of $3.91 billion. During the same quarter last year, the company posted $1.10 earnings per share. The firm's quarterly revenue was up 11.1% on a year-over-year basis. Analysts expect that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Investors of record on Wednesday, April 30th were paid a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date of this dividend was Wednesday, April 30th. Texas Instruments's dividend payout ratio (DPR) is 103.23%.

Analyst Ratings Changes

Several analysts have issued reports on the company. Robert W. Baird upgraded Texas Instruments from a "neutral" rating to an "outperform" rating and set a $175.00 price objective on the stock in a research note on Monday, April 7th. Stifel Nicolaus reduced their price target on Texas Instruments from $200.00 to $160.00 and set a "hold" rating on the stock in a research report on Thursday, April 17th. JPMorgan Chase & Co. reduced their target price on Texas Instruments from $230.00 to $195.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Arete started coverage on Texas Instruments in a research note on Thursday, June 26th. They issued a "neutral" rating and a $203.80 price target for the company. Finally, DZ Bank upgraded Texas Instruments from a "sell" rating to a "hold" rating and set a $163.00 price target for the company in a report on Friday, April 25th. Four investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Texas Instruments presently has a consensus rating of "Hold" and an average price target of $196.91.

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.

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