Golden State Wealth Management LLC Increases Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Golden State Wealth Management LLC increased its holdings in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 317.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,098 shares of the semiconductor company's stock after purchasing an additional 2,355 shares during the period. Golden State Wealth Management LLC's holdings in Texas Instruments were worth $557,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. First Pacific Financial boosted its holdings in Texas Instruments by 53.9% in the first quarter. First Pacific Financial now owns 825 shares of the semiconductor company's stock valued at $148,000 after acquiring an additional 289 shares during the last quarter. Spire Wealth Management boosted its holdings in Texas Instruments by 3.5% in the first quarter. Spire Wealth Management now owns 4,341 shares of the semiconductor company's stock valued at $780,000 after acquiring an additional 148 shares during the last quarter. Daymark Wealth Partners LLC boosted its holdings in Texas Instruments by 12.1% in the first quarter. Daymark Wealth Partners LLC now owns 7,342 shares of the semiconductor company's stock valued at $1,319,000 after acquiring an additional 790 shares during the last quarter. Asset Planning Services Inc. LA ADV boosted its holdings in Texas Instruments by 1.5% in the first quarter. Asset Planning Services Inc. LA ADV now owns 32,955 shares of the semiconductor company's stock valued at $5,922,000 after acquiring an additional 485 shares during the last quarter. Finally, Berry Wealth Group LP boosted its holdings in Texas Instruments by 211.5% in the first quarter. Berry Wealth Group LP now owns 3,367 shares of the semiconductor company's stock valued at $605,000 after acquiring an additional 2,286 shares during the last quarter. Hedge funds and other institutional investors own 84.99% of the company's stock.

Texas Instruments Stock Up 0.5%

Shares of NASDAQ TXN opened at $206.31 on Friday. Texas Instruments Incorporated has a 1 year low of $139.95 and a 1 year high of $220.39. The firm has a market cap of $187.43 billion, a price-to-earnings ratio of 39.15, a PEG ratio of 3.34 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 stock's 50-day simple moving average is $181.40 and its 200-day simple moving average is $182.40.

Texas Instruments (NASDAQ:TXN - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.06 by $0.22. The business had revenue of $4.07 billion for the quarter, compared to analyst estimates of $3.91 billion. Texas Instruments had a return on equity of 28.75% and a net margin of 30.36%. The company's revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.10 earnings per share. As a group, equities analysts anticipate that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 13th. Investors of record on Wednesday, April 30th were issued a $1.36 dividend. This represents a $5.44 annualized dividend and a yield of 2.64%. The ex-dividend date of this dividend was Wednesday, April 30th. Texas Instruments's dividend payout ratio is currently 103.23%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on TXN. KeyCorp reduced their target price on Texas Instruments from $250.00 to $215.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Cowen reiterated a "hold" rating on shares of Texas Instruments in a report on Wednesday. Baird R W upgraded Texas Instruments from a "hold" rating to a "strong-buy" rating in a report on Monday, April 7th. Citigroup boosted their price objective on Texas Instruments from $210.00 to $220.00 and gave the stock a "buy" rating in a research note on Monday, June 9th. Finally, Stifel Nicolaus reduced their price objective on Texas Instruments from $200.00 to $160.00 and set a "hold" rating on the stock in a research note on Thursday, April 17th. Four investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, nine have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $191.49.

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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