Exchange Traded Concepts LLC Has $1.85 Million Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Exchange Traded Concepts LLC lifted its stake in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 574.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 10,292 shares of the semiconductor company's stock after acquiring an additional 8,765 shares during the quarter. Exchange Traded Concepts LLC's holdings in Texas Instruments were worth $1,849,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Promus Capital LLC bought a new stake in shares of Texas Instruments during the fourth quarter worth approximately $25,000. Summit Securities Group LLC bought a new stake in shares of Texas Instruments during the fourth quarter worth approximately $27,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Texas Instruments during the fourth quarter worth approximately $28,000. Copia Wealth Management bought a new stake in shares of Texas Instruments during the fourth quarter worth approximately $30,000. Finally, Quintet Private Bank Europe S.A. bought a new stake in shares of Texas Instruments during the first quarter worth approximately $34,000. Institutional investors and hedge funds own 84.99% of the company's stock.

Texas Instruments Trading Up 0.3%

NASDAQ TXN traded up $0.66 on Wednesday, reaching $198.35. The company had a trading volume of 3,741,931 shares, compared to its average volume of 6,369,565. The firm has a market cap of $180.20 billion, a price-to-earnings ratio of 37.64, a P/E/G ratio of 3.24 and a beta of 1.00. Texas Instruments Incorporated has a fifty-two week low of $139.95 and a fifty-two week high of $220.39. The business has a 50 day moving average of $174.54 and a two-hundred day moving average of $182.01. 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 data on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share for the quarter, beating 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 the consensus estimate of $3.91 billion. During the same period in the prior year, the business posted $1.10 earnings per share. Texas Instruments's quarterly revenue was up 11.1% on a year-over-year basis. Analysts forecast that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Wednesday, April 30th were issued a dividend of $1.36 per share. The ex-dividend date was Wednesday, April 30th. This represents a $5.44 dividend on an annualized basis and a yield of 2.74%. Texas Instruments's payout ratio is currently 103.23%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Barclays cut Texas Instruments from an "equal weight" rating to an "underweight" rating and reduced their price objective for the stock from $180.00 to $125.00 in a report on Tuesday, April 22nd. Seaport Res Ptn upgraded Texas Instruments to a "strong sell" rating in a research note on Wednesday, April 30th. Morgan Stanley reiterated an "underweight" rating and issued a $148.00 price target (up from $146.00) on shares of Texas Instruments in a research note on Thursday, April 24th. Stifel Nicolaus cut their price target on Texas Instruments from $200.00 to $160.00 and set a "hold" rating for the company in a research note on Thursday, April 17th. Finally, TD Securities reiterated a "hold" rating and issued a $160.00 price target on shares of Texas Instruments in a research note on Thursday, April 24th. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $191.91.

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.