Venturi Wealth Management LLC Acquires 17,789 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Venturi Wealth Management LLC raised its position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 23.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 93,605 shares of the semiconductor company's stock after acquiring an additional 17,789 shares during the period. Texas Instruments makes up 0.9% of Venturi Wealth Management LLC's portfolio, making the stock its 28th biggest holding. Venturi Wealth Management LLC's holdings in Texas Instruments were worth $16,821,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Norges Bank bought a new stake in shares of Texas Instruments in the fourth quarter valued at about $2,584,490,000. GAMMA Investing LLC lifted its stake in shares of Texas Instruments by 21,778.6% in the first quarter. GAMMA Investing LLC now owns 3,422,027 shares of the semiconductor company's stock valued at $614,938,000 after buying an additional 3,406,386 shares during the period. Jennison Associates LLC lifted its stake in shares of Texas Instruments by 2,898.0% in the first quarter. Jennison Associates LLC now owns 2,214,471 shares of the semiconductor company's stock valued at $397,940,000 after buying an additional 2,140,605 shares during the period. Invesco Ltd. lifted its stake in shares of Texas Instruments by 15.4% in the fourth quarter. Invesco Ltd. now owns 11,893,157 shares of the semiconductor company's stock valued at $2,230,086,000 after buying an additional 1,587,036 shares during the period. Finally, Northern Trust Corp lifted its stake in Texas Instruments by 12.2% during the fourth quarter. Northern Trust Corp now owns 10,398,010 shares of the semiconductor company's stock worth $1,949,731,000 after purchasing an additional 1,132,187 shares during the period. 84.99% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on TXN. Arete Research upgraded shares of Texas Instruments to a "hold" rating in a research note on Thursday, June 26th. Mizuho cut their price target on shares of Texas Instruments from $205.00 to $200.00 and set a "neutral" rating for the company in a research note on Wednesday. Citigroup restated a "buy" rating on shares of Texas Instruments in a research note on Tuesday. KeyCorp lifted their target price on shares of Texas Instruments from $215.00 to $240.00 and gave the company an "overweight" rating in a research note on Tuesday, July 8th. Finally, Morgan Stanley reiterated an "underweight" rating on shares of Texas Instruments in a research note on Tuesday. Three equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $209.20.

Texas Instruments Trading Down 0.3%

TXN traded down $0.56 during trading on Thursday, reaching $185.69. 9,036,559 shares of the company's stock were exchanged, compared to its average volume of 7,393,341. The company's fifty day moving average price is $200.41 and its 200-day moving average price is $185.61. The firm has a market capitalization of $168.69 billion, a PE ratio of 34.01, a P/E/G ratio of 3.50 and a beta of 1.03. Texas Instruments Incorporated has a fifty-two week low of $139.95 and a fifty-two week high of $221.69. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.37 and a current ratio of 5.26.

Texas Instruments (NASDAQ:TXN - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The semiconductor company reported $1.41 earnings per share for the quarter, topping analysts' consensus estimates of $1.32 by $0.09. The company had revenue of $4.45 billion for the quarter, compared to analysts' expectations of $4.31 billion. Texas Instruments had a net margin of 30.23% and a return on equity of 29.90%. The business's quarterly revenue was up 16.4% compared to the same quarter last year. During the same period last year, the firm posted $1.17 earnings per share. As a group, equities analysts forecast that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 12th. Investors of record on Thursday, July 31st will be given a $1.36 dividend. The ex-dividend date is Thursday, July 31st. This represents a $5.44 annualized dividend and a yield of 2.93%. Texas Instruments's dividend payout ratio is currently 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.