Vestmark Advisory Solutions Inc. Purchases 27,706 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Key Points

• Vestmark Advisory Solutions Inc. significantly increased its holdings in Texas Instruments by 94.3%, acquiring an additional 27,706 shares and bringing its total to 57,077 shares valued at approximately $10.26 million.
• In the most recent quarter, Texas Instruments reported earnings of $1.41 per share, exceeding analysts' expectations and earning revenues of $4.45 billion, a 16.4% increase compared to the previous year.
• The company recently announced a quarterly dividend of $1.36 per share, translating to an annual yield of 2.8% and indicating a high payout ratio of 99.63%.

Vestmark Advisory Solutions Inc. lifted its position in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 94.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 57,077 shares of the semiconductor company's stock after buying an additional 27,706 shares during the quarter. Vestmark Advisory Solutions Inc.'s holdings in Texas Instruments were worth $10,257,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Gerber Kawasaki Wealth & Investment Management grew its stake in shares of Texas Instruments by 1.8% in the fourth quarter. Gerber Kawasaki Wealth & Investment Management now owns 3,187 shares of the semiconductor company's stock valued at $598,000 after buying an additional 56 shares in the last quarter. Trillium Asset Management LLC increased its holdings in shares of Texas Instruments by 2.8% in the first quarter. Trillium Asset Management LLC now owns 2,100 shares of the semiconductor company's stock valued at $377,000 after purchasing an additional 57 shares during the last quarter. Voya Financial Advisors Inc. increased its holdings in shares of Texas Instruments by 1.6% in the fourth quarter. Voya Financial Advisors Inc. now owns 3,649 shares of the semiconductor company's stock valued at $686,000 after purchasing an additional 58 shares during the last quarter. FSB Premier Wealth Management Inc. increased its holdings in shares of Texas Instruments by 1.7% in the first quarter. FSB Premier Wealth Management Inc. now owns 3,494 shares of the semiconductor company's stock valued at $628,000 after purchasing an additional 60 shares during the last quarter. Finally, Dunhill Financial LLC increased its holdings in shares of Texas Instruments by 3.7% in the fourth quarter. Dunhill Financial LLC now owns 1,707 shares of the semiconductor company's stock valued at $320,000 after purchasing an additional 61 shares during the last quarter. 84.99% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on TXN. Stifel Nicolaus upped their price objective on shares of Texas Instruments from $160.00 to $192.00 and gave the company a "hold" rating in a report on Friday, July 18th. The Goldman Sachs Group initiated coverage on shares of Texas Instruments in a research report on Thursday, July 10th. They set a "buy" rating and a $255.00 price objective for the company. Morgan Stanley reaffirmed an "underweight" rating on shares of Texas Instruments in a research report on Tuesday, July 22nd. Citigroup reaffirmed a "buy" rating on shares of Texas Instruments in a research report on Tuesday, July 22nd. Finally, UBS Group set a $255.00 target price on shares of Texas Instruments in a report on Tuesday, July 22nd. Four analysts have rated the stock with a sell rating, thirteen have given a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $212.21.

Texas Instruments Stock Performance

NASDAQ:TXN opened at $193.32 on Thursday. The company has a market capitalization of $175.75 billion, a PE ratio of 35.41, a P/E/G ratio of 3.15 and a beta of 1.03. The company has a 50 day simple moving average of $201.05 and a two-hundred day simple moving average of $184.98. The company has a debt-to-equity ratio of 0.86, a quick ratio of 3.88 and a current ratio of 5.81. Texas Instruments Incorporated has a fifty-two week low of $139.95 and a fifty-two week high of $221.69.

Texas Instruments (NASDAQ:TXN - Get Free Report) last released its earnings results on Tuesday, July 22nd. The semiconductor company reported $1.41 earnings per share for the quarter, beating analysts' consensus estimates of $1.32 by $0.09. The business had revenue of $4.45 billion during the quarter, compared to the consensus estimate of $4.31 billion. Texas Instruments had a net margin of 30.23% and a return on equity of 30.10%. The company's revenue for the quarter was up 16.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.17 EPS. Research analysts anticipate that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 12th. Shareholders of record on Thursday, July 31st were given a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend was Thursday, July 31st. Texas Instruments's dividend payout ratio is currently 99.63%.

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.

Want to see what other hedge funds are holding TXN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Texas Instruments Incorporated (NASDAQ:TXN - Free Report).

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.