Obermeyer Wealth Partners Has $21.76 Million Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Obermeyer Wealth Partners trimmed its position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 2.5% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 121,061 shares of the semiconductor company's stock after selling 3,067 shares during the quarter. Obermeyer Wealth Partners' holdings in Texas Instruments were worth $21,755,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Brighton Jones LLC raised its holdings in shares of 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 buying an additional 4,218 shares in the last quarter. Bank Pictet & Cie Europe AG boosted its stake in shares of Texas Instruments by 14.8% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 138,350 shares of the semiconductor company's stock worth $25,942,000 after acquiring an additional 17,840 shares during the period. LPL Financial LLC boosted its stake in Texas Instruments by 5.6% during the fourth quarter. LPL Financial LLC now owns 630,922 shares of the semiconductor company's stock valued at $118,304,000 after buying an additional 33,403 shares during the last quarter. Napatree Capital LLC increased its position in shares of Texas Instruments by 10.4% during the 4th quarter. Napatree Capital LLC now owns 1,441 shares of the semiconductor company's stock valued at $270,000 after purchasing an additional 136 shares during the last quarter. Finally, United Services Automobile Association boosted its holdings in Texas Instruments by 0.9% during the 4th quarter. United Services Automobile Association now owns 21,155 shares of the semiconductor company's stock valued at $3,967,000 after acquiring an additional 187 shares during the period. 84.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on TXN. TD Cowen raised Texas Instruments from a "hold" rating to a "buy" rating and upped their price objective for the stock from $200.00 to $245.00 in a research report on Friday, July 11th. Summit Insights lowered shares of Texas Instruments from a "buy" rating to a "hold" rating in a research report on Thursday, April 24th. Wells Fargo & Company lifted their price target on shares of Texas Instruments from $190.00 to $215.00 and gave the company an "equal weight" rating in a report on Wednesday, July 16th. Benchmark dropped their price target on shares of Texas Instruments from $230.00 to $200.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Finally, TD Securities reissued a "hold" rating and issued a $160.00 target price on shares of Texas Instruments in a research report on Thursday, April 24th. Two investment analysts have rated the stock with a sell rating, sixteen have given a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Texas Instruments currently has a consensus rating of "Hold" and a consensus price target of $204.87.

Texas Instruments Stock Down 0.9%

TXN stock opened at $214.57 on Tuesday. The firm has a market capitalization of $194.93 billion, a PE ratio of 40.72, 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 Incorporated has a 1-year low of $139.95 and a 1-year high of $221.69. The business's 50 day simple moving average is $199.35 and its 200 day simple moving average is $185.23.

Texas Instruments (NASDAQ:TXN - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.22. The firm had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $3.91 billion. Texas Instruments had a net margin of 30.36% and a return on equity of 28.75%. The business's revenue was up 11.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.10 earnings per share. As a group, research analysts anticipate that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 12th. Stockholders of record on Thursday, July 31st will be issued a $1.36 dividend. This represents a $5.44 annualized dividend and a dividend yield of 2.54%. The ex-dividend date of this dividend is Thursday, July 31st. Texas Instruments's dividend payout ratio (DPR) is presently 103.23%.

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.

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