Vantage Wealth Acquires 7,838 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Vantage Wealth raised its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 8.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 102,000 shares of the semiconductor company's stock after acquiring an additional 7,838 shares during the quarter. Texas Instruments makes up 4.1% of Vantage Wealth's portfolio, making the stock its 12th biggest position. Vantage Wealth's holdings in Texas Instruments were worth $18,329,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Brighton Jones LLC raised its stake in Texas Instruments by 33.4% during the fourth quarter. Brighton Jones LLC now owns 16,840 shares of the semiconductor company's stock worth $3,158,000 after acquiring an additional 4,218 shares during the period. Union Bancaire Privee UBP SA acquired a new stake in shares of Texas Instruments during the 4th quarter worth approximately $6,544,000. Chicago Partners Investment Group LLC lifted its holdings in shares of Texas Instruments by 20.7% in the 4th quarter. Chicago Partners Investment Group LLC now owns 2,354 shares of the semiconductor company's stock worth $451,000 after purchasing an additional 403 shares during the last quarter. DAVENPORT & Co LLC boosted its position in Texas Instruments by 1.1% during the 4th quarter. DAVENPORT & Co LLC now owns 47,873 shares of the semiconductor company's stock valued at $8,977,000 after purchasing an additional 541 shares during the period. Finally, Spire Wealth Management grew its stake in Texas Instruments by 1.8% during the 4th quarter. Spire Wealth Management now owns 4,193 shares of the semiconductor company's stock worth $786,000 after buying an additional 73 shares during the last quarter. Institutional investors own 84.99% of the company's stock.

Texas Instruments Trading Down 0.1%

Shares of NASDAQ:TXN traded down $0.23 during mid-day trading on Thursday, hitting $190.49. The stock had a trading volume of 5,884,352 shares, compared to its average volume of 6,332,579. The company's 50 day moving average is $168.37 and its 200-day moving average is $182.34. Texas Instruments Incorporated has a 12-month low of $139.95 and a 12-month high of $220.39. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.88 and a current ratio of 4.12. The company has a market cap of $173.05 billion, a PE ratio of 36.70, a P/E/G ratio of 3.30 and a beta of 0.97.

Texas Instruments (NASDAQ:TXN - Get Free Report) last released its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.22. The company had revenue of $4.07 billion for the quarter, compared to analysts' expectations of $3.91 billion. Texas Instruments had a return on equity of 28.08% and a net margin of 30.68%. The business's revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.10 EPS. On average, sell-side analysts predict that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 13th. Stockholders of record on Wednesday, April 30th were issued a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a dividend yield of 2.86%. The ex-dividend date of this dividend was Wednesday, April 30th. Texas Instruments's dividend payout ratio is currently 103.23%.

Analysts Set New Price Targets

Several brokerages recently weighed in on TXN. Robert W. Baird upgraded shares of Texas Instruments from a "neutral" rating to an "outperform" rating and set a $175.00 price objective on the stock in a research report on Monday, April 7th. KeyCorp cut their price objective on shares of Texas Instruments from $250.00 to $215.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Stifel Nicolaus reduced their price objective on shares of Texas Instruments from $200.00 to $160.00 and set a "hold" rating for the company in a report on Thursday, April 17th. TD Securities reiterated a "hold" rating and issued a $160.00 target price on shares of Texas Instruments in a research report on Thursday, April 24th. Finally, DZ Bank upgraded shares of Texas Instruments from a "sell" rating to a "hold" rating and set a $163.00 price target on the stock in a research report on Friday, April 25th. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $189.41.

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.