Elyxium Wealth LLC Takes Position in Texas Instruments Incorporated (NASDAQ:TXN)

Elyxium Wealth LLC purchased a new stake in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,834 shares of the semiconductor company's stock, valued at approximately $330,000.

Other institutional investors have also bought and sold shares of the company. Summit Securities Group LLC acquired a new position in Texas Instruments in the fourth quarter worth $27,000. Cloud Capital Management LLC acquired a new position in Texas Instruments in the first quarter worth $28,000. Copia Wealth Management acquired a new position in Texas Instruments in the fourth quarter worth $30,000. Quintet Private Bank Europe S.A. acquired a new position in Texas Instruments in the first quarter worth $34,000. Finally, Park Square Financial Group LLC acquired a new position in Texas Instruments in the fourth quarter worth $41,000. Institutional investors and hedge funds own 84.99% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Arete assumed coverage on Texas Instruments in a report on Thursday, June 26th. They issued a "neutral" rating and a $203.80 price objective for the company. KeyCorp upped their price objective on Texas Instruments from $215.00 to $240.00 and gave the company an "overweight" rating in a report on Tuesday, July 8th. Cowen reiterated a "hold" rating on shares of Texas Instruments in a report on Wednesday, June 25th. Barclays downgraded Texas Instruments from an "equal weight" rating to an "underweight" rating and dropped their price objective for the company from $180.00 to $125.00 in a report on Tuesday, April 22nd. Finally, JPMorgan Chase & Co. lowered their price target on Texas Instruments from $230.00 to $195.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Three equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Texas Instruments currently has an average rating of "Hold" and an average target price of $204.87.

Texas Instruments Stock Performance

TXN opened at $216.62 on Friday. The business has a fifty day simple moving average of $199.35 and a 200 day simple moving average of $185.24. The company has a market capitalization of $196.79 billion, a PE ratio of 41.10, a price-to-earnings-growth ratio of 3.53 and a beta of 1.03. Texas Instruments Incorporated has a 1 year low of $139.95 and a 1 year high of $221.69. The company has a debt-to-equity ratio of 0.78, a current ratio of 5.26 and a quick ratio of 3.37.

Texas Instruments (NASDAQ:TXN - Get Free Report) last posted its quarterly earnings results 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 company had revenue of $4.07 billion during the quarter, compared to analysts' expectations of $3.91 billion. During the same quarter in the previous year, the firm earned $1.10 EPS. Texas Instruments's revenue was up 11.1% on a year-over-year basis. Research analysts expect that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Dividend Announcement

The business 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 $1.36 dividend. The ex-dividend date is Thursday, July 31st. This represents a $5.44 annualized dividend and a dividend yield of 2.51%. Texas Instruments's payout ratio is 103.23%.

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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