Interchange Capital Partners LLC Purchases New Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Interchange Capital Partners LLC purchased a new stake in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 2,351 shares of the semiconductor company's stock, valued at approximately $423,000.

A number of other hedge funds have also modified their holdings of the stock. Brighton Jones LLC increased its holdings in Texas Instruments by 33.4% during the 4th quarter. Brighton Jones LLC now owns 16,840 shares of the semiconductor company's stock valued at $3,158,000 after purchasing an additional 4,218 shares in the last quarter. Bank Pictet & Cie Europe AG increased its holdings in Texas Instruments by 14.8% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 138,350 shares of the semiconductor company's stock valued at $25,942,000 after purchasing an additional 17,840 shares in the last quarter. Proficio Capital Partners LLC increased its holdings in Texas Instruments by 69.0% during the 4th quarter. Proficio Capital Partners LLC now owns 3,834 shares of the semiconductor company's stock valued at $719,000 after purchasing an additional 1,566 shares in the last quarter. Ashton Thomas Private Wealth LLC increased its holdings in Texas Instruments by 153.2% during the 4th quarter. Ashton Thomas Private Wealth LLC now owns 8,327 shares of the semiconductor company's stock valued at $1,561,000 after purchasing an additional 5,038 shares in the last quarter. Finally, Banco Santander S.A. increased its stake in shares of Texas Instruments by 74.5% in the 4th quarter. Banco Santander S.A. now owns 11,250 shares of the semiconductor company's stock valued at $2,109,000 after buying an additional 4,803 shares during the period. 84.99% of the stock is owned by institutional investors and hedge funds.

Texas Instruments Trading Up 1.5%

NASDAQ:TXN traded up $3.27 on Thursday, reaching $219.66. The company's stock had a trading volume of 3,969,167 shares, compared to its average volume of 6,445,724. Texas Instruments Incorporated has a 1-year low of $139.95 and a 1-year high of $220.75. 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 firm has a market cap of $199.55 billion, a PE ratio of 41.68, a PEG ratio of 3.53 and a beta of 1.03. The business's 50-day moving average price is $191.75 and its two-hundred day moving average price is $183.91.

Texas Instruments (NASDAQ:TXN - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.06 by $0.22. The firm had revenue of $4.07 billion during the quarter, compared to analysts' expectations 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 was up 11.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.10 earnings per share. Equities research 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. Stockholders of record on Wednesday, April 30th were given a dividend of $1.36 per share. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $5.44 annualized dividend and a dividend yield of 2.48%. Texas Instruments's dividend payout ratio is currently 103.23%.

Analysts Set New Price Targets

TXN has been the subject of several research reports. Rosenblatt Securities reissued a "buy" rating and issued a $216.00 target price on shares of Texas Instruments in a research note on Thursday, April 24th. Robert W. Baird raised Texas Instruments from a "neutral" rating to an "outperform" rating and set a $175.00 target price for the company in a research note on Monday, April 7th. The Goldman Sachs Group initiated coverage on Texas Instruments in a research note on Thursday. They issued a "buy" rating and a $255.00 target price for the company. Mizuho lifted their target price on Texas Instruments from $170.00 to $205.00 and gave the company a "neutral" rating in a research note on Tuesday. Finally, Seaport Res Ptn raised Texas Instruments to a "strong sell" rating in a research note on Wednesday, April 30th. Three equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, ten have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, Texas Instruments presently has a consensus rating of "Hold" and an average target price of $200.20.

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.