WestEnd Advisors LLC Boosts Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

WestEnd Advisors LLC lifted its holdings in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 22.1% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 197,341 shares of the semiconductor company's stock after buying an additional 35,765 shares during the period. WestEnd Advisors LLC's holdings in Texas Instruments were worth $35,462,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Promus Capital LLC purchased a new stake in shares of Texas Instruments in the fourth quarter worth approximately $25,000. Summit Securities Group LLC purchased a new stake in Texas Instruments during the fourth quarter valued at approximately $27,000. Kohmann Bosshard Financial Services LLC purchased a new stake in Texas Instruments during the fourth quarter valued at approximately $28,000. Copia Wealth Management purchased a new stake in Texas Instruments during the fourth quarter valued at approximately $30,000. Finally, Quintet Private Bank Europe S.A. purchased a new stake in Texas Instruments during the first quarter valued at approximately $34,000. 84.99% of the stock is currently owned by institutional investors.

Texas Instruments Stock Performance

TXN stock traded up $0.77 during midday trading on Friday, hitting $207.08. 8,584,775 shares of the stock traded hands, compared to its average volume of 6,415,236. The firm has a market cap of $188.13 billion, a P/E ratio of 39.29, a PEG ratio of 3.37 and a beta of 1.00. The company has a debt-to-equity ratio of 0.78, a current ratio of 5.26 and a quick ratio of 3.37. The stock's fifty day simple moving average is $182.58 and its 200-day simple moving average is $182.45. Texas Instruments Incorporated has a 1-year low of $139.95 and a 1-year high of $220.39.

Texas Instruments (NASDAQ:TXN - Get Free Report) last released its quarterly 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. The company had revenue of $4.07 billion for the quarter, compared to analyst estimates of $3.91 billion. Texas Instruments had a net margin of 30.36% and a return on equity of 28.75%. The firm's revenue was up 11.1% on a year-over-year basis. During the same quarter last year, the business earned $1.10 earnings per share. On average, analysts expect that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Wednesday, April 30th were issued a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a yield of 2.63%. The ex-dividend date was Wednesday, April 30th. Texas Instruments's payout ratio is 103.23%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on TXN. TD Securities reissued a "hold" rating and set a $160.00 target price on shares of Texas Instruments in a research report on Thursday, April 24th. Seaport Res Ptn raised shares of Texas Instruments to a "strong sell" rating in a report on Wednesday, April 30th. Stifel Nicolaus decreased their price target 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. JPMorgan Chase & Co. decreased their price target on shares of Texas Instruments from $230.00 to $195.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Finally, Arete began coverage on shares of Texas Instruments in a report on Thursday. They issued a "neutral" rating and a $203.80 price target for the company. Four analysts have rated the stock with a sell rating, sixteen have issued a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $191.49.

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.