Empirical Financial Services LLC d.b.a. Empirical Wealth Management Buys 81,792 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

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Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its position in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 768.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 92,439 shares of the semiconductor company's stock after purchasing an additional 81,792 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management's holdings in Texas Instruments were worth $16,611,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of TXN. Cloud Capital Management LLC bought a new stake in Texas Instruments in the 1st quarter worth about $28,000. Copia Wealth Management bought a new stake in shares of Texas Instruments in the fourth quarter worth approximately $30,000. Quintet Private Bank Europe S.A. purchased a new position in shares of Texas Instruments during the first quarter valued at approximately $34,000. Park Square Financial Group LLC bought a new position in Texas Instruments during the fourth quarter valued at approximately $41,000. Finally, N.E.W. Advisory Services LLC purchased a new stake in Texas Instruments in the first quarter worth approximately $42,000. Institutional investors own 84.99% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Rosenblatt Securities reiterated a "buy" rating and set a $245.00 target price on shares of Texas Instruments in a research note on Wednesday, July 23rd. Wells Fargo & Company reduced their price objective on Texas Instruments from $215.00 to $195.00 and set an "equal weight" rating for the company in a research report on Wednesday, July 23rd. Baird R W raised Texas Instruments from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 7th. Cantor Fitzgerald reaffirmed a "neutral" rating on shares of Texas Instruments in a research report on Tuesday, July 22nd. Finally, Summit Insights downgraded shares of Texas Instruments from a "buy" rating to a "hold" rating in a report on Thursday, April 24th. Four research analysts have rated the stock with a sell rating, thirteen have given a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $212.21.

Texas Instruments Stock Down 1.0%

NASDAQ TXN opened at $189.52 on Thursday. The stock has a 50 day moving average price of $200.45 and a 200-day moving average price of $185.49. Texas Instruments Incorporated has a one year low of $139.95 and a one year high of $221.69. The company has a debt-to-equity ratio of 0.86, a quick ratio of 3.88 and a current ratio of 5.81. The company has a market capitalization of $172.17 billion, a P/E ratio of 34.71, a P/E/G ratio of 3.14 and a beta of 1.03.

Texas Instruments (NASDAQ:TXN - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The semiconductor company reported $1.41 EPS for the quarter, topping analysts' consensus estimates of $1.32 by $0.09. The business had revenue of $4.45 billion during the quarter, compared to analysts' expectations of $4.31 billion. Texas Instruments had a net margin of 30.23% and a return on equity of 30.10%. The business's revenue was up 16.4% on a year-over-year basis. During the same period last year, the company posted $1.17 EPS. As a group, equities 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 will be paid on Tuesday, August 12th. Shareholders of record on Thursday, July 31st will be given a dividend of $1.36 per share. The ex-dividend date of this dividend is Thursday, July 31st. This represents a $5.44 dividend on an annualized basis and a yield of 2.87%. Texas Instruments's dividend payout ratio (DPR) is presently 99.63%.

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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