Simplicity Wealth LLC Makes New Investment in Texas Instruments Incorporated (NASDAQ:TXN)

Simplicity Wealth LLC purchased a new position in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 6,507 shares of the semiconductor company's stock, valued at approximately $1,169,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. GAMMA Investing LLC grew its stake in shares of Texas Instruments by 21.8% in the first quarter. GAMMA Investing LLC now owns 19,043 shares of the semiconductor company's stock valued at $3,422,000 after buying an additional 3,402 shares in the last quarter. Harbor Capital Advisors Inc. increased its stake in Texas Instruments by 4.8% during the 1st quarter. Harbor Capital Advisors Inc. now owns 19,668 shares of the semiconductor company's stock worth $3,534,000 after buying an additional 893 shares during the period. Olstein Capital Management L.P. lifted its holdings in Texas Instruments by 7.0% during the 1st quarter. Olstein Capital Management L.P. now owns 23,000 shares of the semiconductor company's stock worth $4,133,000 after buying an additional 1,500 shares in the last quarter. Tounjian Advisory Partners LLC purchased a new position in Texas Instruments in the 1st quarter valued at approximately $1,154,000. Finally, Pallas Capital Advisors LLC increased its position in shares of Texas Instruments by 4.3% during the first quarter. Pallas Capital Advisors LLC now owns 7,711 shares of the semiconductor company's stock worth $1,386,000 after acquiring an additional 318 shares during the period. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently commented on TXN shares. JPMorgan Chase & Co. lowered their target price on shares of Texas Instruments from $230.00 to $195.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Stifel Nicolaus dropped their price target on shares of Texas Instruments from $200.00 to $160.00 and set a "hold" rating on the stock in a research note on Thursday, April 17th. Sanford C. Bernstein raised shares of Texas Instruments from a "strong sell" rating to a "hold" rating in a research report on Thursday, June 5th. Morgan Stanley reissued an "underweight" rating and issued a $148.00 price target (up from $146.00) on shares of Texas Instruments in a research report on Thursday, April 24th. Finally, Argus raised Texas Instruments to a "strong-buy" rating in a research report on Friday, April 25th. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, Texas Instruments presently has a consensus rating of "Hold" and an average price target of $189.86.

Texas Instruments Price Performance

Shares of TXN traded down $0.35 on Thursday, hitting $199.34. The company's stock had a trading volume of 932,099 shares, compared to its average volume of 6,344,633. The company has a market capitalization of $181.09 billion, a PE ratio of 38.41, a PEG ratio of 3.30 and a beta of 1.00. Texas Instruments Incorporated has a fifty-two week low of $139.95 and a fifty-two week high of $220.39. The company has a 50 day moving average price of $171.02 and a 200 day moving average price of $182.21. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.12 and a quick ratio of 2.88.

Texas Instruments (NASDAQ:TXN - Get Free Report) last released its quarterly 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 30.68% and a return on equity of 28.08%. The business had revenue of $4.07 billion for the quarter, compared to analysts' expectations of $3.91 billion. During the same period in the prior year, the firm earned $1.10 earnings per share. Texas Instruments's revenue was up 11.1% compared to the same quarter last year. On average, research analysts anticipate that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 13th. Investors of record on Wednesday, April 30th were given a $1.36 dividend. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.73%. Texas Instruments's dividend 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.