Texas Instruments Incorporated (NASDAQ:TXN) Shares Purchased by Topsail Wealth Management LLC

Topsail Wealth Management LLC increased its position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 32.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,187 shares of the semiconductor company's stock after acquiring an additional 2,029 shares during the quarter. Topsail Wealth Management LLC's holdings in Texas Instruments were worth $1,471,000 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 Texas Instruments by 1.8% during the fourth quarter. Gerber Kawasaki Wealth & Investment Management now owns 3,187 shares of the semiconductor company's stock worth $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 acquiring 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 acquiring an additional 61 shares during the period. Prestige Wealth Management Group LLC raised its stake in shares of Texas Instruments by 3.7% in the 4th quarter. Prestige Wealth Management Group LLC now owns 1,745 shares of the semiconductor company's stock valued at $327,000 after acquiring an additional 62 shares during the period. Finally, 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 acquiring an additional 63 shares during the period. Institutional investors and hedge funds own 84.99% of the company's stock.

Texas Instruments Stock Performance

Shares of NASDAQ TXN traded up $3.27 during midday trading on Thursday, hitting $219.66. The company's stock had a trading volume of 3,969,167 shares, compared to its average volume of 6,453,278. Texas Instruments Incorporated has a 1-year low of $139.95 and a 1-year high of $220.75. The firm's fifty day moving average price is $192.98 and its 200-day moving average price is $184.11. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.37 and a current ratio of 5.26. The firm has a market cap of $199.55 billion, a P/E ratio of 41.68, a P/E/G ratio of 3.52 and a beta of 1.03.

Texas Instruments (NASDAQ:TXN - Get Free Report) last posted 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 30.36% and a return on equity of 28.75%. The business had revenue of $4.07 billion during the quarter, compared to analyst estimates of $3.91 billion. During the same period in the previous year, the business posted $1.10 EPS. The company's quarterly revenue was up 11.1% on a year-over-year basis. On average, sell-side analysts forecast that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Wednesday, April 30th were paid a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date was Wednesday, April 30th. Texas Instruments's payout ratio is 103.23%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on TXN. Morgan Stanley reissued an "underweight" rating and issued a $148.00 target price (up previously from $146.00) on shares of Texas Instruments in a research note on Thursday, April 24th. Summit Insights downgraded shares of Texas Instruments from a "buy" rating to a "hold" rating in a research note on Thursday, April 24th. Robert W. Baird raised shares of Texas Instruments from a "neutral" rating to an "outperform" rating and set a $175.00 target price on the stock in a research note on Monday, April 7th. The Goldman Sachs Group started coverage on shares of Texas Instruments in a research note on Thursday. They set a "buy" rating and a $255.00 price target on the stock. Finally, Seaport Res Ptn raised shares of Texas Instruments to a "strong sell" rating in a research note on Wednesday, April 30th. Three research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Texas Instruments presently has a consensus rating of "Hold" and an average target price of $200.20.

Texas Instruments Company 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.