Bridgewater Advisors Inc. Takes Position in Texas Instruments Incorporated (NASDAQ:TXN)

Bridgewater Advisors Inc. bought a new stake in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 4,046 shares of the semiconductor company's stock, valued at approximately $727,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Larson Financial Group LLC increased its stake in Texas Instruments by 9.4% during the first quarter. Larson Financial Group LLC now owns 9,512 shares of the semiconductor company's stock valued at $1,709,000 after acquiring an additional 821 shares during the period. PAX Financial Group LLC grew its holdings in shares of Texas Instruments by 37.9% during the 1st quarter. PAX Financial Group LLC now owns 2,012 shares of the semiconductor company's stock worth $362,000 after purchasing an additional 553 shares in the last quarter. Wealthfront Advisers LLC increased its position in shares of Texas Instruments by 8.6% during the first quarter. Wealthfront Advisers LLC now owns 82,433 shares of the semiconductor company's stock valued at $14,813,000 after purchasing an additional 6,538 shares during the period. First Business Financial Services Inc. raised its stake in shares of Texas Instruments by 7.0% in the first quarter. First Business Financial Services Inc. now owns 13,522 shares of the semiconductor company's stock valued at $2,430,000 after purchasing an additional 880 shares in the last quarter. Finally, Pinkerton Retirement Specialists LLC lifted its position in Texas Instruments by 1.1% in the first quarter. Pinkerton Retirement Specialists LLC now owns 23,901 shares of the semiconductor company's stock worth $4,295,000 after purchasing an additional 262 shares during the period. Institutional investors and hedge funds own 84.99% of the company's stock.

Texas Instruments Trading Down 0.8%

TXN traded down $1.72 during trading on Wednesday, reaching $216.64. 6,420,620 shares of the company's stock were exchanged, compared to its average volume of 6,461,825. The company's fifty day moving average price is $196.41 and its 200-day moving average price is $184.64. The firm has a market capitalization of $196.81 billion, a PE ratio of 41.11, a P/E/G ratio of 3.58 and a beta of 1.03. Texas Instruments Incorporated has a fifty-two week low of $139.95 and a fifty-two week high of $221.69. 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 announced its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported $1.28 EPS for the quarter, topping analysts' consensus estimates of $1.06 by $0.22. Texas Instruments had a return on equity of 28.75% and a net margin of 30.36%. The business had revenue of $4.07 billion during the quarter, compared to analysts' expectations of $3.91 billion. During the same period in the previous year, the firm earned $1.10 earnings per share. The firm's quarterly revenue was up 11.1% compared to the same quarter last year. As a group, equities analysts forecast that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 13th. Stockholders of record on Wednesday, April 30th were issued a $1.36 dividend. This represents a $5.44 annualized dividend and a dividend yield of 2.51%. The ex-dividend date was Wednesday, April 30th. Texas Instruments's dividend payout ratio (DPR) is 103.23%.

Analyst Ratings Changes

Several equities research analysts have issued reports on TXN shares. TD Securities reissued a "hold" rating and issued a $160.00 price target on shares of Texas Instruments in a report on Thursday, April 24th. Cantor Fitzgerald dropped their price target on shares of Texas Instruments from $200.00 to $170.00 and set a "neutral" rating for the company in a research report on Thursday, April 24th. TD Cowen raised Texas Instruments from a "hold" rating to a "buy" rating and lifted their price objective for the company from $200.00 to $245.00 in a report on Friday, July 11th. JPMorgan Chase & Co. lowered their price objective on Texas Instruments from $230.00 to $195.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Finally, Sanford C. Bernstein upgraded Texas Instruments from a "strong sell" rating to a "hold" rating in a research report on Thursday, June 5th. Three equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, Texas Instruments presently has an average rating of "Hold" and an average target price of $203.53.

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.