Topsail Wealth Management LLC Buys 2,029 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Topsail Wealth Management LLC increased its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 32.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,187 shares of the semiconductor company's stock after buying 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 SEC filing.

Several other hedge funds have also added to or reduced their stakes in TXN. Summit Securities Group LLC acquired a new stake in shares of Texas Instruments during the fourth quarter worth $27,000. Cloud Capital Management LLC acquired a new stake in shares of Texas Instruments during the first quarter worth $28,000. Copia Wealth Management acquired a new stake in shares of Texas Instruments during the fourth quarter worth $30,000. Quintet Private Bank Europe S.A. acquired a new stake in shares of Texas Instruments during the first quarter worth $34,000. Finally, Atala Financial Inc bought a new stake in Texas Instruments during the 4th quarter worth about $37,000. Institutional investors and hedge funds own 84.99% of the company's stock.

Wall Street Analysts Forecast Growth

TXN has been the subject of several recent analyst reports. Argus upgraded shares of Texas Instruments to a "strong-buy" rating in a research note on Friday, April 25th. Wells Fargo & Company set a $190.00 price objective on shares of Texas Instruments and gave the stock an "equal weight" rating in a research report on Monday, June 16th. Benchmark cut their price objective on shares of Texas Instruments from $230.00 to $200.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Barclays downgraded shares of Texas Instruments from an "equal weight" rating to an "underweight" rating and cut their price objective for the stock from $180.00 to $125.00 in a research report on Tuesday, April 22nd. Finally, UBS Group raised their price objective on shares of Texas Instruments from $215.00 to $245.00 and gave the stock a "buy" rating in a research report on Monday. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $202.08.

Texas Instruments Trading Up 0.7%

TXN stock traded up $1.59 during mid-day trading on Friday, reaching $221.25. The company's stock had a trading volume of 5,394,922 shares, compared to its average volume of 6,449,067. The company has a market cap of $201.00 billion, a price-to-earnings ratio of 41.98, a price-to-earnings-growth ratio of 3.52 and a beta of 1.03. Texas Instruments Incorporated has a 12 month low of $139.95 and a 12 month high of $221.68. The business's 50 day moving average price is $192.98 and its 200 day moving average price is $184.11. 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 (NASDAQ:TXN - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.22. Texas Instruments had a return on equity of 28.75% and a net margin of 30.36%. The company had revenue of $4.07 billion for the quarter, compared to analysts' expectations of $3.91 billion. During the same quarter in the previous year, the firm earned $1.10 earnings per share. Texas Instruments's quarterly revenue was up 11.1% on a year-over-year basis. On average, equities research analysts predict that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Dividend Announcement

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. This represents a $5.44 annualized dividend and a yield of 2.46%. The ex-dividend date was Wednesday, April 30th. Texas Instruments's dividend payout ratio (DPR) is presently 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.