LPL Financial LLC Purchases 69,540 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Key Points

• LPL Financial LLC increased its stake in Texas Instruments by 11.0%, acquiring an additional 69,540 shares, bringing its total holdings to 700,462 shares valued at approximately $125.87 million.
• Texas Instruments reported $1.41 earnings per share for the latest quarter, exceeding analyst expectations of $1.32, while year-over-year revenue growth was 16.4%.
• The company announced a quarterly dividend of $1.36 per share, translating to an annualized yield of 2.87%, with a dividend payout ratio of approximately 99.63%.

LPL Financial LLC raised its position in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 11.0% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 700,462 shares of the semiconductor company's stock after buying an additional 69,540 shares during the period. LPL Financial LLC owned about 0.08% of Texas Instruments worth $125,873,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Gerber Kawasaki Wealth & Investment Management raised its stake in shares of Texas Instruments by 1.8% in the 4th quarter. Gerber Kawasaki Wealth & Investment Management now owns 3,187 shares of the semiconductor company's stock valued at $598,000 after purchasing an additional 56 shares during the period. Voya Financial Advisors Inc. raised its stake 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 stake 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. Sunbelt Securities Inc. raised its stake in shares of Texas Instruments by 2.1% in the 4th quarter. Sunbelt Securities Inc. now owns 3,069 shares of the semiconductor company's stock valued at $577,000 after purchasing an additional 63 shares during the period. Finally, Country Club Bank raised its stake in shares of Texas Instruments by 0.8% in the 1st quarter. Country Club Bank now owns 8,348 shares of the semiconductor company's stock valued at $1,472,000 after purchasing an additional 65 shares during the period. 84.99% of the stock is currently owned by institutional investors.

Texas Instruments Trading Up 2.3%

Shares of NASDAQ:TXN opened at $189.25 on Tuesday. Texas Instruments Incorporated has a 12-month low of $139.95 and a 12-month high of $221.69. The stock has a market cap of $171.93 billion, a PE ratio of 34.66, a P/E/G ratio of 3.03 and a beta of 1.03. The business has a 50 day moving average of $200.32 and a 200-day moving average of $185.42. The company has a quick ratio of 3.88, a current ratio of 5.81 and a debt-to-equity ratio of 0.86.

Texas Instruments (NASDAQ:TXN - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The semiconductor company reported $1.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.32 by $0.09. Texas Instruments had a return on equity of 30.10% and a net margin of 30.23%. The company had revenue of $4.45 billion during the quarter, compared to analysts' expectations of $4.31 billion. During the same quarter in the previous year, the company posted $1.17 earnings per share. The business's revenue was up 16.4% on a year-over-year basis. As a group, equities research analysts forecast that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 12th. Stockholders 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 dividend yield of 2.87%. The ex-dividend date is Thursday, July 31st. Texas Instruments's dividend payout ratio is presently 99.63%.

Analyst Ratings Changes

TXN has been the topic of several recent research reports. UBS Group set a $255.00 price target on Texas Instruments in a research note on Tuesday, July 22nd. Stifel Nicolaus lifted their target price on Texas Instruments from $160.00 to $192.00 and gave the company a "hold" rating in a research report on Friday, July 18th. Arete assumed coverage on Texas Instruments in a research report on Thursday, June 26th. They issued a "neutral" rating and a $203.80 target price on the stock. Wells Fargo & Company lowered their target price on Texas Instruments from $215.00 to $195.00 and set an "equal weight" rating on the stock in a research report on Wednesday, July 23rd. Finally, Cowen reaffirmed a "hold" rating on shares of Texas Instruments in a research report on Wednesday, June 25th. Four equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $212.21.

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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