Texas Instruments Incorporated (NASDAQ:TXN) Shares Purchased by Verity Asset Management Inc.

Verity Asset Management Inc. raised its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 83.4% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,598 shares of the semiconductor company's stock after acquiring an additional 2,545 shares during the period. Verity Asset Management Inc.'s holdings in Texas Instruments were worth $1,006,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in TXN. BankPlus Wealth Management LLC increased its stake in shares of Texas Instruments by 3.0% during the first quarter. BankPlus Wealth Management LLC now owns 4,352 shares of the semiconductor company's stock worth $782,000 after acquiring an additional 126 shares during the period. Hobbs Wealth Management LLC acquired a new position in Texas Instruments during the 1st quarter worth approximately $216,000. Essex Financial Services Inc. increased its position in Texas Instruments by 4.9% during the 1st quarter. Essex Financial Services Inc. now owns 3,679 shares of the semiconductor company's stock worth $661,000 after purchasing an additional 171 shares during the period. Northcape Wealth Management LLC raised its stake in shares of Texas Instruments by 1.1% during the 1st quarter. Northcape Wealth Management LLC now owns 11,050 shares of the semiconductor company's stock worth $1,986,000 after buying an additional 120 shares in the last quarter. Finally, Emerald Advisors LLC lifted its holdings in shares of Texas Instruments by 16.7% in the 1st quarter. Emerald Advisors LLC now owns 5,883 shares of the semiconductor company's stock valued at $1,057,000 after buying an additional 841 shares during the period. 84.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TXN has been the topic of a number of recent analyst reports. Morgan Stanley reaffirmed an "underweight" rating and set a $148.00 price objective (up previously from $146.00) on shares of Texas Instruments in a report on Thursday, April 24th. Arete began coverage on shares of Texas Instruments in a research note on Thursday. They set a "neutral" rating and a $203.80 price target on the stock. 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 raised shares of Texas Instruments from a "neutral" rating to an "outperform" rating and set a $175.00 price objective on the stock in a report on Monday, April 7th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Texas Instruments from $230.00 to $195.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Four equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $191.49.

Texas Instruments Price Performance

NASDAQ:TXN opened at $207.08 on Monday. Texas Instruments Incorporated has a 12-month low of $139.95 and a 12-month high of $220.39. The firm has a market cap of $188.13 billion, a price-to-earnings ratio of 39.29, a price-to-earnings-growth ratio of 3.37 and a beta of 1.00. The company's 50-day moving average is $182.58 and its two-hundred day moving average is $182.39. 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 posted its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share 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 net margin of 30.36% and a return on equity of 28.75%. The company's revenue was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.10 earnings per share. Research analysts expect that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 13th. Stockholders of record on Wednesday, April 30th were given a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date of this dividend was Wednesday, April 30th. Texas Instruments's dividend payout ratio is currently 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.