Solstein Capital LLC acquired a new stake in Texas Instruments Incorporated (NASDAQ:TXN) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 683 shares of the semiconductor company’s stock, valued at approximately $129,000.
Other large investors have also made changes to their positions in the company. Ieq Capital LLC purchased a new stake in shares of Texas Instruments in the first quarter valued at $2,353,000. DnB Asset Management AS grew its position in Texas Instruments by 5.0% during the first quarter. DnB Asset Management AS now owns 196,255 shares of the semiconductor company’s stock valued at $37,090,000 after acquiring an additional 9,306 shares during the period. FormulaFolio Investments LLC grew its position in Texas Instruments by 563.1% during the fourth quarter. FormulaFolio Investments LLC now owns 11,093 shares of the semiconductor company’s stock valued at $1,821,000 after acquiring an additional 9,420 shares during the period. CCLA Investment Management Ltd grew its position in Texas Instruments by 6.1% during the first quarter. CCLA Investment Management Ltd now owns 513,909 shares of the semiconductor company’s stock valued at $97,105,000 after acquiring an additional 29,642 shares during the period. Finally, Elo Mutual Pension Insurance Co grew its position in Texas Instruments by 1.7% during the first quarter. Elo Mutual Pension Insurance Co now owns 66,223 shares of the semiconductor company’s stock valued at $12,515,000 after acquiring an additional 1,102 shares during the period. 83.00% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts have issued reports on TXN shares. Citigroup boosted their price target on Texas Instruments from $201.00 to $215.00 in a research report on Wednesday, April 28th. Truist Securities boosted their price target on Texas Instruments from $184.00 to $200.00 in a research report on Wednesday, April 28th. Deutsche Bank Aktiengesellschaft boosted their price target on Texas Instruments from $170.00 to $185.00 and gave the company a “hold” rating in a research report on Wednesday, April 28th. Morgan Stanley upped their target price on Texas Instruments from $162.00 to $176.00 and gave the stock an “underweight” rating in a research report on Monday, April 12th. Finally, Longbow Research upped their target price on Texas Instruments from $220.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday, April 28th. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and seventeen have assigned a buy rating to the company. Texas Instruments presently has an average rating of “Hold” and an average target price of $189.23.
Shares of NASDAQ TXN opened at $187.00 on Wednesday. The company’s 50 day moving average price is $186.17. Texas Instruments Incorporated has a 52-week low of $122.35 and a 52-week high of $197.58. The firm has a market capitalization of $172.70 billion, a PE ratio of 28.34, a P/E/G ratio of 2.74 and a beta of 1.03. The company has a debt-to-equity ratio of 0.61, a current ratio of 6.12 and a quick ratio of 5.01.
Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Tuesday, April 27th. The semiconductor company reported $1.87 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.56 by $0.31. Texas Instruments had a return on equity of 69.92% and a net margin of 40.04%. The firm had revenue of $4.29 billion for the quarter, compared to analysts’ expectations of $3.98 billion. During the same quarter in the prior year, the firm posted $1.14 earnings per share. Texas Instruments’s revenue for the quarter was up 28.8% compared to the same quarter last year. As a group, research analysts anticipate that Texas Instruments Incorporated will post 7.39 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, May 17th. Shareholders of record on Monday, May 3rd were paid a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 2.18%. The ex-dividend date was Friday, April 30th. Texas Instruments’s payout ratio is currently 68.34%.
Texas Instruments Profile
Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements in various levels using battery management solutions, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage supervisors, voltage references, and lighting products.
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