Tranquility Partners LLC Makes New Investment in Texas Instruments Incorporated (NASDAQ:TXN)

Tranquility Partners LLC acquired a new stake in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 3,942 shares of the semiconductor company's stock, valued at approximately $708,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. PDS Planning Inc increased its holdings in shares of Texas Instruments by 9.1% during the first quarter. PDS Planning Inc now owns 6,397 shares of the semiconductor company's stock worth $1,150,000 after buying an additional 534 shares in the last quarter. Kraft Davis & Associates LLC acquired a new stake in Texas Instruments during the 1st quarter valued at $257,000. KG&L Capital Management LLC acquired a new stake in Texas Instruments during the 1st quarter valued at $236,000. DLK Investment Management LLC raised its position in Texas Instruments by 9.6% in the 1st quarter. DLK Investment Management LLC now owns 15,352 shares of the semiconductor company's stock valued at $2,759,000 after purchasing an additional 1,350 shares during the last quarter. Finally, Sequoia Financial Advisors LLC boosted its stake in Texas Instruments by 0.7% in the first quarter. Sequoia Financial Advisors LLC now owns 86,828 shares of the semiconductor company's stock worth $15,603,000 after purchasing an additional 591 shares in the last quarter. 84.99% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Cowen restated a "hold" rating on shares of Texas Instruments in a report on Wednesday. Summit Insights lowered shares of Texas Instruments from a "buy" rating to a "hold" rating in a report on Thursday, April 24th. Barclays cut shares of Texas Instruments from an "equal weight" rating to an "underweight" rating and lowered their price objective for the company from $180.00 to $125.00 in a research report on Tuesday, April 22nd. Wells Fargo & Company set a $190.00 target price on shares of Texas Instruments and gave the stock an "equal weight" rating in a research report on Monday, June 16th. Finally, Sanford C. Bernstein raised shares of Texas Instruments from a "strong sell" rating to a "hold" rating in a research note on Thursday, June 5th. Four investment 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 stock currently has an average rating of "Hold" and an average price target of $191.49.

Texas Instruments Trading Up 0.5%

NASDAQ:TXN opened at $206.31 on Friday. 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 Incorporated has a 1-year low of $139.95 and a 1-year high of $220.39. The firm has a market capitalization of $187.43 billion, a price-to-earnings ratio of 39.15, a PEG ratio of 3.34 and a beta of 1.00. The business's 50-day moving average price is $181.40 and its two-hundred day moving average price is $182.40.

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

Texas Instruments Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Wednesday, April 30th were issued a $1.36 dividend. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $5.44 annualized dividend and a yield of 2.64%. Texas Instruments's dividend payout ratio (DPR) is presently 103.23%.

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.

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