Texas Instruments Incorporated (NASDAQ:TXN) Holdings Raised by Welch Group LLC

Welch Group LLC raised its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 3.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 245,860 shares of the semiconductor company's stock after acquiring an additional 8,381 shares during the period. Welch Group LLC's holdings in Texas Instruments were worth $43,352,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. China Universal Asset Management Co. Ltd. grew its stake in shares of Texas Instruments by 30.4% during the 4th quarter. China Universal Asset Management Co. Ltd. now owns 19,367 shares of the semiconductor company's stock valued at $3,632,000 after buying an additional 4,515 shares during the period. Mizuho Securities USA LLC grew its holdings in shares of Texas Instruments by 46.0% during the 4th quarter. Mizuho Securities USA LLC now owns 86,457 shares of the semiconductor company's stock worth $16,212,000 after purchasing an additional 27,251 shares during the period. OFC Financial Planning LLC purchased a new stake in shares of Texas Instruments during the 4th quarter worth about $338,000. Union Bancaire Privee UBP SA purchased a new stake in shares of Texas Instruments during the 4th quarter worth about $6,544,000. Finally, Banque Pictet & Cie SA grew its holdings in shares of Texas Instruments by 0.9% during the 4th quarter. Banque Pictet & Cie SA now owns 2,197,676 shares of the semiconductor company's stock worth $412,086,000 after purchasing an additional 18,650 shares during the period. Hedge funds and other institutional investors own 84.99% of the company's stock.

Wall Street Analyst Weigh In

TXN has been the subject of several research reports. KeyCorp decreased their price objective on shares of Texas Instruments from $250.00 to $215.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Mizuho set a $170.00 target price on Texas Instruments in a research note on Thursday, April 24th. Barclays lowered shares of Texas Instruments from an "equal weight" rating to an "underweight" rating and lowered their price target for the company from $180.00 to $125.00 in a report on Tuesday, April 22nd. Benchmark lowered their target price on Texas Instruments from $230.00 to $200.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Finally, Cantor Fitzgerald decreased their price target on shares of Texas Instruments from $200.00 to $170.00 and set a "neutral" rating for the company in a research report on Thursday, April 24th. Four 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 stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $189.41.

Texas Instruments Price Performance

Shares of NASDAQ:TXN traded down $4.14 on Friday, reaching $180.85. 15,099,736 shares of the company traded hands, compared to its average volume of 6,336,742. Texas Instruments Incorporated has a fifty-two week low of $139.95 and a fifty-two week high of $220.39. The company's 50 day moving average is $167.94 and its 200-day moving average is $182.68. The stock has a market capitalization of $164.30 billion, a PE ratio of 34.85, a P/E/G ratio of 3.30 and a beta of 0.97. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.12 and a quick ratio of 2.88.

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

Texas Instruments Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 13th. Investors of record on Wednesday, April 30th were given a $1.36 dividend. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $5.44 annualized dividend and a dividend yield of 3.01%. Texas Instruments's dividend payout ratio (DPR) is presently 103.23%.

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.