Joule Financial LLC Acquires 75 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Joule Financial LLC grew its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 2.6% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,010 shares of the semiconductor company’s stock after buying an additional 75 shares during the period. Joule Financial LLC’s holdings in Texas Instruments were worth $541,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank purchased a new stake in Texas Instruments in the fourth quarter worth $2,584,490,000. GAMMA Investing LLC boosted its holdings in shares of Texas Instruments by 21,778.6% during the 1st 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 in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Texas Instruments by 11.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 21,487,468 shares of the semiconductor company’s stock valued at $4,029,115,000 after buying an additional 2,237,035 shares in the last quarter. Invesco Ltd. grew its position in shares of Texas Instruments by 15.4% in the 4th quarter. Invesco Ltd. now owns 11,893,157 shares of the semiconductor company’s stock worth $2,230,086,000 after buying an additional 1,587,036 shares during the period. Finally, Raymond James Financial Inc. bought a new position in shares of Texas Instruments in the 4th quarter worth about $295,665,000. Institutional investors own 84.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on TXN. Morgan Stanley restated an “underweight” rating and issued a $148.00 price objective (up previously from $146.00) on shares of Texas Instruments in a report on Thursday, April 24th. Wells Fargo & Company dropped their price target on Texas Instruments from $200.00 to $175.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 24th. Stifel Nicolaus cut their price target on Texas Instruments from $200.00 to $160.00 and set a “hold” rating on the stock in a research note on Thursday, April 17th. Rosenblatt Securities reaffirmed a “buy” rating and set a $216.00 price objective on shares of Texas Instruments in a research report on Thursday, April 24th. Finally, Benchmark dropped their target price on Texas Instruments from $230.00 to $200.00 and set a “buy” rating on the stock in a report on Thursday, April 24th. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $189.41.

Texas Instruments Stock Up 1.0%

Shares of Texas Instruments stock opened at $192.42 on Friday. Texas Instruments Incorporated has a twelve month low of $139.95 and a twelve month high of $220.39. The company has a quick ratio of 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76. The company’s 50 day moving average is $168.87 and its 200 day moving average is $182.16. The company has a market cap of $174.81 billion, a price-to-earnings ratio of 37.08, a price-to-earnings-growth ratio of 3.30 and a beta of 0.97.

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

Texas Instruments Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Wednesday, April 30th were issued a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date of this dividend was Wednesday, April 30th. Texas Instruments’s dividend payout ratio is 103.23%.

Texas Instruments 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.