Precedent Wealth Partners LLC Buys 1,613 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Precedent Wealth Partners LLC raised its position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 24.6% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,164 shares of the semiconductor company's stock after acquiring an additional 1,613 shares during the period. Precedent Wealth Partners LLC's holdings in Texas Instruments were worth $1,467,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Texas Instruments by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 93,567,277 shares of the semiconductor company's stock valued at $17,544,800,000 after purchasing an additional 649,620 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Texas Instruments by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 21,554,142 shares of the semiconductor company's stock worth $4,032,599,000 after buying an additional 267,352 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Texas Instruments by 11.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 21,487,468 shares of the semiconductor company's stock valued at $4,029,115,000 after acquiring an additional 2,237,035 shares during the last quarter. Norges Bank acquired a new stake in shares of Texas Instruments during the 4th quarter valued at $2,584,490,000. Finally, Alliancebernstein L.P. grew its position in Texas Instruments by 6.9% during the 4th quarter. Alliancebernstein L.P. now owns 12,706,971 shares of the semiconductor company's stock worth $2,382,684,000 after acquiring an additional 822,797 shares during the last quarter. Institutional investors own 84.99% of the company's stock.

Texas Instruments Stock Performance

TXN traded up $4.22 during trading hours on Monday, hitting $199.22. The stock had a trading volume of 5,863,234 shares, compared to its average volume of 6,376,665. Texas Instruments Incorporated has a 1 year low of $139.95 and a 1 year high of $220.39. The company's fifty day simple moving average is $172.92 and its 200 day simple moving average is $181.91. The stock has a market cap of $180.99 billion, a PE ratio of 38.39, a price-to-earnings-growth ratio of 3.30 and a beta of 1.00. The company has a quick ratio of 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76.

Texas Instruments (NASDAQ:TXN - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported $1.28 EPS for the quarter, topping the consensus estimate of $1.06 by $0.22. The company 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 30.68% and a return on equity of 28.08%. Texas Instruments's revenue for the quarter was up 11.1% on a year-over-year basis. During the same period last year, the firm earned $1.10 EPS. Equities analysts anticipate that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Investors 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 yield of 2.73%. The ex-dividend date was Wednesday, April 30th. Texas Instruments's dividend payout ratio (DPR) is presently 103.23%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on TXN. TD Securities restated a "hold" rating and set a $160.00 price target on shares of Texas Instruments in a report on Thursday, April 24th. Stifel Nicolaus reduced their target price on shares of Texas Instruments from $200.00 to $160.00 and set a "hold" rating on the stock in a report on Thursday, April 17th. DZ Bank raised shares of Texas Instruments from a "sell" rating to a "hold" rating and set a $163.00 price target for the company in a research note on Friday, April 25th. JPMorgan Chase & Co. reduced their price objective 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. Finally, Truist Financial lowered their target price on Texas Instruments from $195.00 to $171.00 and set a "hold" rating for the company in a research report on Thursday, April 24th. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $190.55.

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.