Texas Instruments Incorporated (NASDAQ:TXN) Shares Acquired by State of Alaska Department of Revenue

State of Alaska Department of Revenue boosted its stake in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 2.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 106,637 shares of the semiconductor company's stock after acquiring an additional 2,625 shares during the period. State of Alaska Department of Revenue's holdings in Texas Instruments were worth $19,162,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Brighton Jones LLC increased its position in Texas Instruments by 33.4% in the 4th quarter. Brighton Jones LLC now owns 16,840 shares of the semiconductor company's stock valued at $3,158,000 after acquiring an additional 4,218 shares during the period. Union Bancaire Privee UBP SA acquired a new position in shares of Texas Instruments in the fourth quarter valued at approximately $6,544,000. Bank Pictet & Cie Europe AG raised its stake in shares of Texas Instruments by 14.8% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 138,350 shares of the semiconductor company's stock worth $25,942,000 after purchasing an additional 17,840 shares during the last quarter. Congress Asset Management Co. acquired a new stake in shares of Texas Instruments during the fourth quarter worth $1,329,000. Finally, Principal Securities Inc. increased its stake in Texas Instruments by 16.5% in the 4th quarter. Principal Securities Inc. now owns 16,849 shares of the semiconductor company's stock valued at $3,159,000 after buying an additional 2,387 shares during the period. Institutional investors and hedge funds own 84.99% of the company's stock.

Texas Instruments Trading Up 0.3%

Texas Instruments stock traded up $0.66 during trading on Thursday, reaching $198.35. The company had a trading volume of 3,741,956 shares, compared to its average volume of 6,382,902. The stock's 50 day moving average price is $175.12 and its two-hundred day moving average price is $182.12. The firm has a market capitalization of $180.20 billion, a price-to-earnings ratio of 37.64, a PEG ratio of 3.22 and a beta of 1.00. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.37 and a current ratio of 5.26. Texas Instruments Incorporated has a 12-month low of $139.95 and a 12-month high of $220.39.

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

Texas Instruments Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Wednesday, April 30th were issued a dividend of $1.36 per share. The ex-dividend date was Wednesday, April 30th. This represents a $5.44 annualized dividend and a yield of 2.74%. Texas Instruments's dividend payout ratio is presently 103.23%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on TXN shares. Summit Insights cut shares of Texas Instruments from a "buy" rating to a "hold" rating in a research note on Thursday, April 24th. Robert W. Baird upgraded shares of Texas Instruments from a "neutral" rating to an "outperform" rating and set a $175.00 price objective for the company in a research report on Monday, April 7th. Rosenblatt Securities reiterated a "buy" rating and set a $216.00 target price on shares of Texas Instruments in a research report on Thursday, April 24th. Seaport Res Ptn raised Texas Instruments to a "strong sell" rating in a report on Wednesday, April 30th. Finally, 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. Four research analysts have rated the stock with a sell rating, twelve have given 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.com, the stock has an average rating of "Hold" and a consensus target price of $190.55.

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.