J.W. Cole Advisors Inc. Raises Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

J.W. Cole Advisors Inc. lifted its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 79.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,130 shares of the semiconductor company's stock after purchasing an additional 9,374 shares during the period. J.W. Cole Advisors Inc.'s holdings in Texas Instruments were worth $3,797,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Norges Bank acquired a new position in shares of Texas Instruments in the 4th quarter valued at $2,584,490,000. GAMMA Investing LLC boosted its holdings in shares of Texas Instruments by 21,778.6% in the 1st quarter. GAMMA Investing LLC now owns 3,422,027 shares of the semiconductor company's stock valued at $614,938,000 after purchasing an additional 3,406,386 shares during the last quarter. Jennison Associates LLC boosted its holdings in shares of Texas Instruments by 2,898.0% in the 1st quarter. Jennison Associates LLC now owns 2,214,471 shares of the semiconductor company's stock valued at $397,940,000 after purchasing an additional 2,140,605 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Texas Instruments by 15.4% in the 4th quarter. Invesco Ltd. now owns 11,893,157 shares of the semiconductor company's stock valued at $2,230,086,000 after purchasing an additional 1,587,036 shares during the last quarter. Finally, Northern Trust Corp raised its stake in shares of Texas Instruments by 12.2% in the 4th quarter. Northern Trust Corp now owns 10,398,010 shares of the semiconductor company's stock valued at $1,949,731,000 after acquiring an additional 1,132,187 shares during the period. 84.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on TXN. Wells Fargo & Company lifted their price target on shares of Texas Instruments from $190.00 to $215.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 16th. Arete Research raised shares of Texas Instruments to a "hold" rating in a research note on Thursday, June 26th. JPMorgan Chase & Co. dropped their price target on shares of Texas Instruments from $230.00 to $195.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. KeyCorp lifted their price target on shares of Texas Instruments from $215.00 to $240.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 8th. Finally, Morgan Stanley reaffirmed an "underweight" rating and set a $148.00 price target (up previously from $146.00) on shares of Texas Instruments in a research note on Thursday, April 24th. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $204.87.

Texas Instruments Price Performance

NASDAQ:TXN opened at $216.62 on Monday. Texas Instruments Incorporated has a 52 week low of $139.95 and a 52 week high of $221.69. The firm has a market cap of $196.79 billion, a price-to-earnings ratio of 41.10, a P/E/G ratio of 3.53 and a beta of 1.03. The firm's 50-day simple moving average is $199.35 and its 200 day simple moving average is $185.23. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.37 and a current ratio of 5.26.

Texas Instruments (NASDAQ:TXN - Get Free Report) last released its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 EPS for the quarter, beating the consensus estimate 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 period last year, the firm earned $1.10 EPS. The business's quarterly revenue was up 11.1% compared to the same quarter last year. As a group, sell-side analysts predict that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 12th. Shareholders of record on Thursday, July 31st will be issued a dividend of $1.36 per share. The ex-dividend date of this dividend is Thursday, July 31st. This represents a $5.44 annualized dividend and a yield of 2.51%. Texas Instruments's payout ratio is 103.23%.

Texas Instruments 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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