Texas Instruments Incorporated (NASDAQ:TXN) Shares Bought by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC raised its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 57.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,109 shares of the semiconductor company’s stock after acquiring an additional 1,496 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Texas Instruments were worth $725,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Verity Asset Management Inc. boosted its holdings in shares of Texas Instruments by 1.1% in the first quarter. Verity Asset Management Inc. now owns 4,841 shares of the semiconductor company’s stock worth $843,000 after buying an additional 54 shares during the period. Keudell Morrison Wealth Management boosted its holdings in shares of Texas Instruments by 1.5% during the first quarter. Keudell Morrison Wealth Management now owns 3,915 shares of the semiconductor company’s stock worth $682,000 after purchasing an additional 59 shares during the period. Chemistry Wealth Management LLC boosted its holdings in shares of Texas Instruments by 5.2% during the first quarter. Chemistry Wealth Management LLC now owns 1,254 shares of the semiconductor company’s stock worth $218,000 after purchasing an additional 62 shares during the period. Field & Main Bank boosted its holdings in shares of Texas Instruments by 10.4% during the fourth quarter. Field & Main Bank now owns 693 shares of the semiconductor company’s stock worth $118,000 after purchasing an additional 65 shares during the period. Finally, Guardian Wealth Management Inc. boosted its holdings in shares of Texas Instruments by 0.6% during the fourth quarter. Guardian Wealth Management Inc. now owns 10,986 shares of the semiconductor company’s stock worth $1,873,000 after purchasing an additional 65 shares during the period. 84.99% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently commented on TXN shares. Stifel Nicolaus raised their price target on shares of Texas Instruments from $172.00 to $200.00 and gave the stock a “hold” rating in a report on Thursday, July 18th. Evercore ISI raised their price target on shares of Texas Instruments from $213.00 to $225.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Wells Fargo & Company initiated coverage on shares of Texas Instruments in a report on Thursday, May 16th. They set an “underweight” rating and a $150.00 price target for the company. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $210.00 price objective on shares of Texas Instruments in a research report on Wednesday, July 24th. Finally, Oppenheimer reaffirmed a “market perform” rating on shares of Texas Instruments in a research report on Wednesday, April 24th. Four equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $198.64.

Texas Instruments Price Performance

Shares of NASDAQ:TXN traded down $5.87 on Friday, hitting $187.46. The stock had a trading volume of 8,050,367 shares, compared to its average volume of 5,589,131. Texas Instruments Incorporated has a twelve month low of $139.48 and a twelve month high of $210.84. The company has a debt-to-equity ratio of 0.75, a quick ratio of 3.49 and a current ratio of 4.62. The firm’s 50 day moving average price is $197.84 and its 200-day moving average price is $180.87. The company has a market capitalization of $171.16 billion, a price-to-earnings ratio of 29.24, a price-to-earnings-growth ratio of 4.21 and a beta of 0.99.

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

Texas Instruments Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 13th. Investors of record on Wednesday, July 31st will be given a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 2.77%. The ex-dividend date of this dividend is Wednesday, July 31st. Texas Instruments’s dividend payout ratio (DPR) is presently 81.12%.

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.