Fifth Third Wealth Advisors LLC Has $4.55 Million Position in Texas Instruments Incorporated (NASDAQ:TXN)

Fifth Third Wealth Advisors LLC raised its holdings in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 6.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 25,330 shares of the semiconductor company's stock after acquiring an additional 1,445 shares during the period. Fifth Third Wealth Advisors LLC's holdings in Texas Instruments were worth $4,552,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of TXN. Vanguard Group Inc. raised its holdings in Texas Instruments by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 93,567,277 shares of the semiconductor company's stock worth $17,544,800,000 after buying an additional 649,620 shares during the period. Geode Capital Management LLC raised its holdings in shares of Texas Instruments by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 21,554,142 shares of the semiconductor company's stock worth $4,032,599,000 after acquiring an additional 267,352 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Texas Instruments by 11.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 21,487,468 shares of the semiconductor company's stock worth $4,029,115,000 after acquiring an additional 2,237,035 shares during the period. Norges Bank bought a new stake in Texas Instruments in the 4th quarter valued at $2,584,490,000. Finally, Alliancebernstein L.P. boosted its stake in Texas Instruments by 6.9% in the 4th quarter. Alliancebernstein L.P. now owns 12,706,971 shares of the semiconductor company's stock worth $2,382,684,000 after purchasing an additional 822,797 shares during the period. 84.99% of the stock is currently owned by institutional investors.

Texas Instruments Stock Performance

Shares of NASDAQ:TXN traded up $2.80 on Thursday, hitting $193.52. The company had a trading volume of 1,915,507 shares, compared to its average volume of 6,317,091. The stock has a market cap of $175.81 billion, a price-to-earnings ratio of 37.29, a P/E/G ratio of 3.30 and a beta of 0.97. The stock has a 50 day moving average price of $168.37 and a 200 day moving average price of $182.34. Texas Instruments Incorporated has a 1-year low of $139.95 and a 1-year high of $220.39. The company has a current ratio of 4.12, a quick ratio of 2.88 and a debt-to-equity ratio of 0.76.

Texas Instruments (NASDAQ:TXN - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.22. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. The firm had revenue of $4.07 billion for the quarter, compared to analysts' expectations of $3.91 billion. During the same period in the prior year, the firm earned $1.10 EPS. The business's 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 year.

Texas Instruments Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Wednesday, April 30th were issued a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date was Wednesday, April 30th. Texas Instruments's dividend payout ratio is 103.23%.

Analysts Set New Price Targets

Several analysts have issued reports on TXN shares. Citigroup dropped their price target on Texas Instruments from $235.00 to $210.00 and set a "buy" rating on the stock in a research note on Friday, April 11th. TD Securities reissued a "hold" rating and issued a $160.00 target price on shares of Texas Instruments in a research report on Thursday, April 24th. Stifel Nicolaus reduced their price target on Texas Instruments from $200.00 to $160.00 and set a "hold" rating for the company in a research report on Thursday, April 17th. Baird R W raised shares of Texas Instruments from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 7th. Finally, Barclays lowered shares of Texas Instruments from an "equal weight" rating to an "underweight" rating and cut their price objective for the stock from $180.00 to $125.00 in a research report on Tuesday, April 22nd. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $189.41.

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.