Wealthfront Advisers LLC Raises Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Wealthfront Advisers LLC boosted its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 8.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 82,433 shares of the semiconductor company’s stock after purchasing an additional 6,538 shares during the quarter. Wealthfront Advisers LLC’s holdings in Texas Instruments were worth $14,813,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Summit Securities Group LLC acquired a new position in shares of Texas Instruments during the 4th quarter worth about $27,000. Cloud Capital Management LLC acquired a new position in shares of Texas Instruments during the 1st quarter worth about $28,000. Copia Wealth Management acquired a new position in shares of Texas Instruments during the 4th quarter worth about $30,000. Quintet Private Bank Europe S.A. acquired a new position in shares of Texas Instruments during the 1st quarter worth about $34,000. Finally, Park Square Financial Group LLC acquired a new position in shares of Texas Instruments during the 4th quarter worth about $41,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on TXN shares. TD Cowen raised Texas Instruments from a “hold” rating to a “buy” rating and upped their price objective for the stock from $200.00 to $245.00 in a research report on Friday, July 11th. Seaport Res Ptn raised Texas Instruments to a “strong sell” rating in a research report on Wednesday, April 30th. The Goldman Sachs Group initiated coverage on Texas Instruments in a research report on Thursday, July 10th. They issued a “buy” rating and a $255.00 target price for the company. KeyCorp upped their target price on Texas Instruments from $215.00 to $240.00 and gave the company an “overweight” rating in a research report on Tuesday, July 8th. Finally, Benchmark decreased their target price on Texas Instruments from $230.00 to $200.00 and set a “buy” rating for the company in a research report on Thursday, April 24th. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Texas Instruments currently has a consensus rating of “Hold” and an average price target of $202.49.

Texas Instruments Stock Down 0.8%

TXN opened at $218.36 on Wednesday. The business has a 50 day moving average price of $196.41 and a two-hundred day moving average price of $184.64. The company has a quick ratio of 3.37, a current ratio of 5.26 and a debt-to-equity ratio of 0.78. The company has a market cap of $198.37 billion, a PE ratio of 41.43, a P/E/G ratio of 3.58 and a beta of 1.03. Texas Instruments Incorporated has a 52 week low of $139.95 and a 52 week high of $221.69.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data 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 firm had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $3.91 billion. Texas Instruments had a return on equity of 28.75% and a net margin of 30.36%. The firm’s revenue was up 11.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.10 EPS. As a group, research analysts anticipate that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Dividend Announcement

The firm also recently announced 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. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date was Wednesday, April 30th. Texas Instruments’s dividend payout ratio (DPR) is 103.23%.

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.