Interchange Capital Partners LLC Invests $423,000 in Texas Instruments Incorporated (NASDAQ:TXN)

Interchange Capital Partners LLC acquired a new position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 2,351 shares of the semiconductor company's stock, valued at approximately $423,000.

Other hedge funds have also recently made changes to their positions in the company. Gerber Kawasaki Wealth & Investment Management lifted its position in Texas Instruments by 1.8% during the 4th quarter. Gerber Kawasaki Wealth & Investment Management now owns 3,187 shares of the semiconductor company's stock worth $598,000 after buying an additional 56 shares in the last quarter. Voya Financial Advisors Inc. raised its holdings in shares of Texas Instruments by 1.6% in the 4th quarter. Voya Financial Advisors Inc. now owns 3,649 shares of the semiconductor company's stock valued at $686,000 after purchasing an additional 58 shares during the period. Dunhill Financial LLC raised its holdings in shares of Texas Instruments by 3.7% in the 4th quarter. Dunhill Financial LLC now owns 1,707 shares of the semiconductor company's stock valued at $320,000 after purchasing an additional 61 shares during the period. Prestige Wealth Management Group LLC raised its holdings in shares of Texas Instruments by 3.7% in the 4th quarter. Prestige Wealth Management Group LLC now owns 1,745 shares of the semiconductor company's stock valued at $327,000 after purchasing an additional 62 shares during the period. Finally, Main Street Research LLC raised its holdings in shares of Texas Instruments by 3.1% in the 4th quarter. Main Street Research LLC now owns 2,110 shares of the semiconductor company's stock valued at $396,000 after purchasing an additional 63 shares during the period. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Texas Instruments Stock Performance

Shares of NASDAQ:TXN traded down $0.24 on Wednesday, reaching $216.39. 5,229,706 shares of the company's stock were exchanged, compared to its average volume of 6,455,631. The company has a fifty day moving average of $191.75 and a 200-day moving average of $183.91. Texas Instruments Incorporated has a twelve month low of $139.95 and a twelve month high of $220.39. The company has a market capitalization of $196.58 billion, a price-to-earnings ratio of 41.06, a PEG ratio of 3.53 and a beta of 1.03. 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 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. Texas Instruments had a net margin of 30.36% and a return on equity of 28.75%. The firm had revenue of $4.07 billion for the quarter, compared to analyst estimates of $3.91 billion. During the same quarter in the prior year, the business posted $1.10 EPS. The business's revenue was up 11.1% compared to the same quarter last year. On average, research analysts predict that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

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

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on TXN shares. KeyCorp upped their target price on shares of Texas Instruments from $215.00 to $240.00 and gave the company an "overweight" rating in a report on Tuesday. Citigroup upped their target price on shares of Texas Instruments from $220.00 to $260.00 and gave the company a "buy" rating in a report on Monday. TD Cowen upped their target price on shares of Texas Instruments from $160.00 to $200.00 and gave the company a "hold" rating in a report on Wednesday, June 25th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $216.00 target price on shares of Texas Instruments in a report on Thursday, April 24th. Finally, DZ Bank raised shares of Texas Instruments from a "sell" rating to a "hold" rating and set a $163.00 target price on the stock in a report on Friday, April 25th. Four research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $196.91.

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.