Turtle Creek Wealth Advisors LLC Takes $7.34 Million Position in Texas Instruments Incorporated (NASDAQ:TXN)

Turtle Creek Wealth Advisors LLC acquired a new stake in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 40,818 shares of the semiconductor company's stock, valued at approximately $7,335,000. Texas Instruments accounts for about 1.1% of Turtle Creek Wealth Advisors LLC's investment portfolio, making the stock its 28th biggest holding.

Several other hedge funds have also recently added to or reduced their stakes in the company. Florida Financial Advisors LLC lifted its position in Texas Instruments by 5.9% in the first quarter. Florida Financial Advisors LLC now owns 5,330 shares of the semiconductor company's stock valued at $957,000 after acquiring an additional 298 shares during the last quarter. Bleakley Financial Group LLC boosted its position in shares of Texas Instruments by 3.7% in the 1st quarter. Bleakley Financial Group LLC now owns 18,034 shares of the semiconductor company's stock valued at $3,241,000 after purchasing an additional 644 shares during the period. Marks Group Wealth Management Inc grew its stake in Texas Instruments by 2.5% during the 1st quarter. Marks Group Wealth Management Inc now owns 6,812 shares of the semiconductor company's stock worth $1,224,000 after buying an additional 165 shares during the last quarter. Secured Retirement Advisors LLC acquired a new position in Texas Instruments during the first quarter worth approximately $233,000. Finally, CWM LLC lifted its stake in Texas Instruments by 15.3% in the first quarter. CWM LLC now owns 89,908 shares of the semiconductor company's stock valued at $16,156,000 after buying an additional 11,949 shares during the last quarter. Institutional investors and hedge funds own 84.99% of the company's stock.

Texas Instruments Stock Performance

Shares of NASDAQ TXN traded down $1.20 during trading hours on Monday, reaching $220.05. The stock had a trading volume of 4,708,753 shares, compared to its average volume of 7,233,276. The business's fifty day moving average is $194.11 and its two-hundred day moving average is $184.20. Texas Instruments Incorporated has a twelve month low of $139.95 and a twelve month high of $221.69. The company has a market cap of $199.91 billion, a price-to-earnings ratio of 41.76, a PEG ratio of 3.60 and a beta of 1.03. The company has a debt-to-equity ratio of 0.78, a current ratio of 5.26 and a quick ratio of 3.37.

Texas Instruments (NASDAQ:TXN - Get Free Report) last posted its quarterly 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 business had revenue of $4.07 billion for the quarter, compared to analysts' expectations of $3.91 billion. During the same quarter last year, the business earned $1.10 earnings per share. The firm's quarterly revenue was up 11.1% compared to the same quarter last year. As a group, research analysts expect that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Investors of record on Wednesday, April 30th were paid a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a yield of 2.47%. The ex-dividend date was Wednesday, April 30th. Texas Instruments's dividend payout ratio is presently 103.23%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on TXN shares. Baird R W upgraded shares of Texas Instruments from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 7th. Citigroup boosted their target price on Texas Instruments from $220.00 to $260.00 and gave the company a "buy" rating in a report on Monday, July 7th. TD Securities reaffirmed a "hold" rating and set a $160.00 price target on shares of Texas Instruments in a report on Thursday, April 24th. Wells Fargo & Company set a $190.00 price objective on shares of Texas Instruments and gave the company an "equal weight" rating in a research note on Monday, June 16th. Finally, Robert W. Baird upgraded shares of Texas Instruments from a "neutral" rating to an "outperform" rating and set a $175.00 target price for the company in a research note on Monday, April 7th. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $202.49.

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.