Kingsview Wealth Management LLC Has $13.35 Million Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Kingsview Wealth Management LLC grew its holdings in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 7.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 74,306 shares of the semiconductor company's stock after buying an additional 4,950 shares during the quarter. Kingsview Wealth Management LLC's holdings in Texas Instruments were worth $13,353,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in TXN. Norges Bank purchased a new stake in Texas Instruments in the 4th quarter valued at $2,584,490,000. GAMMA Investing LLC raised its position in 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 in the last quarter. Invesco Ltd. raised its position in shares of Texas Instruments by 15.4% during the 4th quarter. Invesco Ltd. now owns 11,893,157 shares of the semiconductor company's stock worth $2,230,086,000 after acquiring an additional 1,587,036 shares in the last quarter. Northern Trust Corp increased its position in Texas Instruments by 12.2% during the fourth quarter. Northern Trust Corp now owns 10,398,010 shares of the semiconductor company's stock worth $1,949,731,000 after buying an additional 1,132,187 shares during the period. Finally, Capital International Investors grew its stake in shares of Texas Instruments by 26.3% in the 4th quarter. Capital International Investors now owns 5,194,675 shares of the semiconductor company's stock valued at $974,054,000 after purchasing an additional 1,080,782 shares during the last quarter. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Texas Instruments Stock Down 0.0%

NASDAQ TXN traded down $0.05 during trading on Thursday, hitting $216.59. 4,919,370 shares of the company traded hands, compared to its average volume of 6,463,651. The company has a current ratio of 5.26, a quick ratio of 3.37 and a debt-to-equity ratio of 0.78. The business has a fifty day simple moving average of $197.45 and a 200 day simple moving average of $184.86. The company has a market capitalization of $196.77 billion, a P/E ratio of 41.10, a PEG ratio of 3.53 and a beta of 1.03. Texas Instruments Incorporated has a 12 month low of $139.95 and a 12 month high of $221.69.

Texas Instruments (NASDAQ:TXN - Get Free Report) last released its earnings results 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. Texas Instruments had a return on equity of 28.75% and a net margin of 30.36%. The business had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $3.91 billion. During the same period last year, the business earned $1.10 earnings per share. The firm's revenue for the quarter 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 EPS for the current year.

Texas Instruments Dividend Announcement

The business also recently disclosed 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. This represents a $5.44 dividend on an annualized basis and a yield of 2.51%. Texas Instruments's payout ratio is 103.23%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. TD Securities reaffirmed a "hold" rating and set a $160.00 price objective on shares of Texas Instruments in a report on Thursday, April 24th. Baird R W raised Texas Instruments from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 7th. Robert W. Baird upgraded Texas Instruments from a "neutral" rating to an "outperform" rating and set a $175.00 price objective on the stock in a research note on Monday, April 7th. Seaport Res Ptn upgraded Texas Instruments to a "strong sell" rating in a research report on Wednesday, April 30th. Finally, TD Cowen raised Texas Instruments from a "hold" rating to a "buy" rating and increased their price target for the company from $200.00 to $245.00 in a research note on Friday, July 11th. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $203.53.

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.