19,499 Shares in Texas Instruments Incorporated (NASDAQ:TXN) Purchased by Gibraltar Capital Management Inc.

Gibraltar Capital Management Inc. purchased a new position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 19,499 shares of the semiconductor company's stock, valued at approximately $3,504,000.

A number of other large investors have also made changes to their positions in TXN. Summit Securities Group LLC acquired a new position in shares of Texas Instruments during the fourth quarter worth $27,000. Cloud Capital Management LLC acquired a new position in shares of Texas Instruments during the first quarter worth $28,000. Copia Wealth Management acquired a new position in shares of Texas Instruments during the fourth quarter worth $30,000. Quintet Private Bank Europe S.A. acquired a new position in shares of Texas Instruments during the first quarter worth $34,000. Finally, Atala Financial Inc acquired a new position in shares of Texas Instruments during the fourth quarter worth $37,000. 84.99% of the stock is owned by institutional investors and hedge funds.

Texas Instruments Price Performance

Shares of Texas Instruments stock traded up $3.22 during trading hours on Tuesday, reaching $216.63. The stock had a trading volume of 6,844,542 shares, compared to its average volume of 6,449,672. The stock's 50 day moving average is $189.50 and its 200 day moving average is $183.45. The firm has a market capitalization of $196.80 billion, a PE ratio of 41.11, a PEG ratio of 3.48 and a beta of 1.03. Texas Instruments Incorporated has a twelve month low of $139.95 and a twelve month high of $220.39. The company has a current ratio of 5.26, a quick ratio of 3.37 and a debt-to-equity ratio of 0.78.

Texas Instruments (NASDAQ:TXN - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $3.91 billion. Texas Instruments had a net margin of 30.36% and a return on equity of 28.75%. The company's revenue was up 11.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.10 earnings per share. Equities analysts expect that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 13th. Investors of record on Wednesday, April 30th were given a dividend of $1.36 per share. The ex-dividend date was Wednesday, April 30th. This represents a $5.44 annualized dividend and a dividend yield of 2.51%. Texas Instruments's dividend payout ratio (DPR) is presently 103.23%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Morgan Stanley reaffirmed an "underweight" rating and set a $148.00 price target (up from $146.00) on shares of Texas Instruments in a research report on Thursday, April 24th. KeyCorp boosted their price objective on shares of Texas Instruments from $215.00 to $240.00 and gave the company an "overweight" rating in a report on Tuesday. Wells Fargo & Company set a $190.00 price objective on shares of Texas Instruments and gave the company an "equal weight" rating in a report on Monday, June 16th. Stifel Nicolaus dropped their price objective on shares of Texas Instruments from $200.00 to $160.00 and set a "hold" rating on the stock in a report on Thursday, April 17th. Finally, Cantor Fitzgerald dropped their price objective on shares of Texas Instruments from $200.00 to $170.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. Four research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $196.91.

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.