State of Alaska Department of Revenue Grows Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

State of Alaska Department of Revenue grew its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 2.5% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 106,637 shares of the semiconductor company’s stock after acquiring an additional 2,625 shares during the period. State of Alaska Department of Revenue’s holdings in Texas Instruments were worth $19,162,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in TXN. Promus Capital LLC acquired a new position in shares of Texas Instruments in the fourth quarter valued at approximately $25,000. Summit Securities Group LLC acquired a new position in Texas Instruments during the 4th quarter worth approximately $27,000. Kohmann Bosshard Financial Services LLC acquired a new position in Texas Instruments during the 4th quarter worth approximately $28,000. Copia Wealth Management acquired a new position in Texas Instruments during the 4th quarter worth approximately $30,000. Finally, Quintet Private Bank Europe S.A. acquired a new position in Texas Instruments during the 1st quarter worth approximately $34,000. 84.99% of the stock is owned by hedge funds and other institutional investors.

Texas Instruments Stock Down 0.8%

Shares of Texas Instruments stock opened at $197.69 on Wednesday. The company has a market cap of $179.60 billion, a P/E ratio of 37.51, a PEG ratio of 3.24 and a beta of 1.00. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.37 and a current ratio of 5.26. Texas Instruments Incorporated has a one year low of $139.95 and a one year high of $220.39. The firm has a fifty day moving average of $174.54 and a two-hundred day moving average of $182.01.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.22. Texas Instruments had a net margin of 30.36% and a return on equity of 28.75%. The business had revenue of $4.07 billion for the quarter, compared to analysts’ expectations of $3.91 billion. During the same period in the prior year, the company posted $1.10 EPS. The business’s revenue for the quarter was up 11.1% on a year-over-year basis. On average, analysts forecast that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 13th. Stockholders of record on Wednesday, April 30th were paid a dividend of $1.36 per share. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.75%. Texas Instruments’s dividend payout ratio (DPR) is presently 103.23%.

Wall Street Analysts Forecast Growth

TXN has been the subject of several analyst reports. Baird R W upgraded shares of Texas Instruments from a “hold” rating to a “strong-buy” rating in a report on Monday, April 7th. DZ Bank upgraded shares of Texas Instruments from a “sell” rating to a “hold” rating and set a $163.00 price target for the company in a report on Friday, April 25th. UBS Group lowered their price target on shares of Texas Instruments from $225.00 to $215.00 and set a “buy” rating for the company in a report on Thursday, April 24th. JPMorgan Chase & Co. reduced their price objective on shares of Texas Instruments from $230.00 to $195.00 and set an “overweight” rating for the company in a research report on Thursday, April 24th. Finally, Wells Fargo & Company boosted their price objective on shares of Texas Instruments from $175.00 to $190.00 and gave the stock an “equal weight” rating in a research report on Monday. Four research analysts have rated the stock with a sell rating, twelve have given a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $190.55.

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.