EverSource Wealth Advisors LLC Buys 1,496 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

EverSource Wealth Advisors LLC raised its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 57.3% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,109 shares of the semiconductor company’s stock after purchasing an additional 1,496 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Texas Instruments were worth $725,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of TXN. Vanguard Group Inc. boosted its stake in Texas Instruments by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 90,572,576 shares of the semiconductor company’s stock valued at $15,778,648,000 after purchasing an additional 536,206 shares during the period. Capital Research Global Investors boosted its stake in Texas Instruments by 4.7% in the 1st quarter. Capital Research Global Investors now owns 28,715,467 shares of the semiconductor company’s stock valued at $5,002,522,000 after purchasing an additional 1,279,828 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Texas Instruments by 6.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 20,048,334 shares of the semiconductor company’s stock valued at $3,398,637,000 after purchasing an additional 1,154,513 shares during the period. Franklin Resources Inc. boosted its stake in Texas Instruments by 10.1% in the 4th quarter. Franklin Resources Inc. now owns 11,928,210 shares of the semiconductor company’s stock valued at $2,033,283,000 after purchasing an additional 1,095,303 shares during the period. Finally, Norges Bank acquired a new position in Texas Instruments in the 4th quarter valued at $1,649,592,000. 84.99% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Benchmark reissued a “buy” rating and set a $230.00 price target on shares of Texas Instruments in a report on Wednesday, July 24th. Cantor Fitzgerald restated a “neutral” rating and set a $210.00 target price on shares of Texas Instruments in a research report on Wednesday, July 24th. Oppenheimer reaffirmed a “market perform” rating on shares of Texas Instruments in a research note on Wednesday, April 24th. JPMorgan Chase & Co. increased their price objective on Texas Instruments from $195.00 to $230.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. Finally, Jefferies Financial Group increased their price objective on Texas Instruments from $175.00 to $185.00 and gave the stock a “hold” rating in a research note on Wednesday, July 24th. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $198.64.

Texas Instruments Trading Down 3.0 %

Shares of NASDAQ TXN traded down $5.87 during trading hours on Friday, hitting $187.46. The company’s stock had a trading volume of 8,050,367 shares, compared to its average volume of 5,589,131. 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 stock has a market cap of $171.16 billion, a price-to-earnings ratio of 29.24, a P/E/G ratio of 4.21 and a beta of 0.99. Texas Instruments Incorporated has a 12 month low of $139.48 and a 12 month high of $210.84. The business has a 50-day simple moving average of $197.84 and a 200-day simple moving average of $180.87.

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

Texas Instruments Announces Dividend

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

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.