Pure Financial Advisors LLC Grows Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Pure Financial Advisors LLC grew its position in Texas Instruments Incorporated (NASDAQ:TXN) by 2.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,228 shares of the semiconductor company’s stock after buying an additional 55 shares during the quarter. Pure Financial Advisors LLC’s holdings in Texas Instruments were worth $433,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Tennessee Valley Asset Management Partners bought a new stake in Texas Instruments during the 4th quarter valued at $25,000. Avior Wealth Management LLC boosted its position in Texas Instruments by 23.1% during the fourth quarter. Avior Wealth Management LLC now owns 2,960 shares of the semiconductor company’s stock valued at $505,000 after purchasing an additional 555 shares in the last quarter. Sfmg LLC grew its stake in Texas Instruments by 37.3% in the fourth quarter. Sfmg LLC now owns 11,681 shares of the semiconductor company’s stock valued at $1,991,000 after purchasing an additional 3,173 shares during the last quarter. Slow Capital Inc. raised its holdings in Texas Instruments by 2.8% in the fourth quarter. Slow Capital Inc. now owns 16,616 shares of the semiconductor company’s stock worth $2,832,000 after purchasing an additional 454 shares in the last quarter. Finally, Oakworth Capital Inc. lifted its position in shares of Texas Instruments by 22.0% during the fourth quarter. Oakworth Capital Inc. now owns 1,745 shares of the semiconductor company’s stock valued at $297,000 after buying an additional 315 shares during the last quarter. Institutional investors own 84.99% of the company’s stock.

Texas Instruments Stock Performance

Texas Instruments stock traded down $1.40 during mid-day trading on Friday, hitting $200.53. The company had a trading volume of 4,236,423 shares, compared to its average volume of 5,522,879. The company has a current ratio of 4.62, a quick ratio of 3.49 and a debt-to-equity ratio of 0.75. The company’s fifty day moving average is $197.16 and its 200-day moving average is $182.54. Texas Instruments Incorporated has a 12-month low of $139.48 and a 12-month high of $210.84. The company has a market capitalization of $182.58 billion, a price-to-earnings ratio of 31.28, a P/E/G ratio of 4.25 and a beta of 0.99.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings data on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.06. Texas Instruments had a net margin of 33.01% and a return on equity of 31.10%. The company had revenue of $3.82 billion during the quarter, compared to analysts’ expectations of $3.82 billion. During the same quarter in the previous year, the company earned $1.87 earnings per share. The firm’s revenue for the quarter was down 15.6% on a year-over-year basis. Equities research analysts predict that Texas Instruments Incorporated will post 5.11 EPS for the current year.

Texas Instruments Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 13th. Shareholders of record on Wednesday, July 31st were issued a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 2.59%. The ex-dividend date was Wednesday, July 31st. Texas Instruments’s payout ratio is currently 81.12%.

Wall Street Analyst Weigh In

TXN has been the subject of several recent analyst reports. Evercore ISI boosted their price objective on shares of Texas Instruments from $213.00 to $225.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. Citigroup increased their price objective on Texas Instruments from $185.00 to $200.00 and gave the company a “neutral” rating in a report on Monday, July 15th. The Goldman Sachs Group raised their price objective on Texas Instruments from $157.00 to $176.00 and gave the stock a “sell” rating in a research report on Wednesday, July 24th. Robert W. Baird increased their price target on Texas Instruments from $175.00 to $200.00 and gave the company a “neutral” rating in a research note on Wednesday, July 24th. Finally, Benchmark reiterated a “buy” rating and issued a $230.00 target price on shares of Texas Instruments in a research note on Wednesday, July 24th. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $198.64.

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.