GAM Holding AG Purchases 9,752 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

GAM Holding AG increased its position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 69.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 23,751 shares of the semiconductor company's stock after buying an additional 9,752 shares during the quarter. GAM Holding AG's holdings in Texas Instruments were worth $4,268,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in TXN. Promus Capital LLC bought a new stake in shares of Texas Instruments during the fourth quarter worth about $25,000. Summit Securities Group LLC acquired a new position in Texas Instruments during the 4th quarter valued at about $27,000. Kohmann Bosshard Financial Services LLC bought a new stake in Texas Instruments during the 4th quarter worth approximately $28,000. Copia Wealth Management bought a new stake in Texas Instruments during the 4th quarter worth approximately $30,000. Finally, Quintet Private Bank Europe S.A. purchased a new stake in shares of Texas Instruments in the first quarter worth approximately $34,000. Institutional investors own 84.99% of the company's stock.

Analysts Set New Price Targets

TXN has been the topic of several analyst reports. Cantor Fitzgerald cut their target price on Texas Instruments from $200.00 to $170.00 and set a "neutral" rating on the stock in a research report on Thursday, April 24th. Citigroup raised their price objective on Texas Instruments from $210.00 to $220.00 and gave the company a "buy" rating in a research note on Monday, June 9th. DZ Bank upgraded shares of Texas Instruments from a "sell" rating to a "hold" rating and set a $163.00 target price for the company in a research note on Friday, April 25th. Mizuho set a $170.00 target price on shares of Texas Instruments in a report on Thursday, April 24th. Finally, Sanford C. Bernstein upgraded shares of Texas Instruments from a "strong sell" rating to a "hold" rating in a report on Thursday, June 5th. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $190.55.

Texas Instruments Price Performance

TXN traded down $0.15 on Friday, reaching $198.20. The company had a trading volume of 12,890,749 shares, compared to its average volume of 6,388,167. Texas Instruments Incorporated has a 52-week low of $139.95 and a 52-week high of $220.39. The company has a market cap of $180.06 billion, a price-to-earnings ratio of 37.61, a P/E/G ratio of 3.23 and a beta of 1.00. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.37 and a current ratio of 5.26. The business has a 50 day simple moving average of $176.97 and a 200 day simple moving average of $182.00.

Texas Instruments (NASDAQ:TXN - Get Free Report) last released its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share for the quarter, topping analysts' consensus estimates of $1.06 by $0.22. The company had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $3.91 billion. Texas Instruments had a return on equity of 28.75% and a net margin of 30.36%. Texas Instruments's quarterly revenue was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.10 EPS. As a group, sell-side analysts anticipate 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. Investors of record on Wednesday, April 30th were issued a dividend of $1.36 per share. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $5.44 dividend on an annualized basis and a yield of 2.74%. Texas Instruments's dividend payout ratio is currently 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.