Angeles Wealth Management LLC Boosts Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Angeles Wealth Management LLC increased its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 9.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,439 shares of the semiconductor company’s stock after acquiring an additional 125 shares during the period. Angeles Wealth Management LLC’s holdings in Texas Instruments were worth $251,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Norges Bank bought a new stake in Texas Instruments in the fourth quarter valued at $1,649,592,000. Van ECK Associates Corp boosted its stake in shares of Texas Instruments by 54.3% during the 1st quarter. Van ECK Associates Corp now owns 5,606,825 shares of the semiconductor company’s stock valued at $976,765,000 after purchasing an additional 1,972,304 shares in the last quarter. California Public Employees Retirement System increased its position in shares of Texas Instruments by 33.2% during the fourth quarter. California Public Employees Retirement System now owns 6,035,704 shares of the semiconductor company’s stock valued at $1,028,846,000 after buying an additional 1,502,989 shares during the period. Assenagon Asset Management S.A. raised its stake in Texas Instruments by 565.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,693,577 shares of the semiconductor company’s stock worth $288,687,000 after buying an additional 1,439,066 shares in the last quarter. Finally, Baillie Gifford & Co. lifted its holdings in Texas Instruments by 338.4% in the fourth quarter. Baillie Gifford & Co. now owns 1,795,191 shares of the semiconductor company’s stock worth $306,008,000 after buying an additional 1,385,725 shares during the period. 84.99% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Barclays lifted their target price on shares of Texas Instruments from $150.00 to $190.00 and gave the company an “equal weight” rating in a report on Monday, May 20th. JPMorgan Chase & Co. lifted their target price on Texas Instruments from $180.00 to $195.00 and gave the stock an “overweight” rating in a report on Wednesday, April 24th. Rosenblatt Securities reaffirmed a “buy” rating and set a $210.00 price target on shares of Texas Instruments in a report on Wednesday, April 24th. The Goldman Sachs Group lifted their price objective on Texas Instruments from $137.00 to $157.00 and gave the stock a “sell” rating in a report on Wednesday, April 24th. Finally, Cantor Fitzgerald boosted their target price on shares of Texas Instruments from $180.00 to $210.00 and gave the company a “neutral” rating in a research note on Wednesday, May 15th. 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 company. According to data from MarketBeat, Texas Instruments currently has an average rating of “Hold” and an average target price of $188.10.

Insider Buying and Selling

In other news, Chairman Richard K. Templeton sold 100,440 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $178.47, for a total transaction of $17,925,526.80. Following the sale, the chairman now owns 403,851 shares of the company’s stock, valued at approximately $72,075,287.97. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Texas Instruments news, Chairman Richard K. Templeton sold 100,440 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $178.47, for a total value of $17,925,526.80. Following the sale, the chairman now directly owns 403,851 shares of the company’s stock, valued at $72,075,287.97. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Robert E. Sanchez sold 10,539 shares of the stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $174.97, for a total transaction of $1,844,008.83. Following the transaction, the director now directly owns 20,461 shares in the company, valued at $3,580,061.17. The disclosure for this sale can be found here. Insiders have sold a total of 328,969 shares of company stock valued at $58,427,984 over the last ninety days. Company insiders own 0.68% of the company’s stock.

Texas Instruments Stock Performance

TXN stock traded up $0.15 during trading on Thursday, reaching $204.41. The company had a trading volume of 3,022,032 shares, compared to its average volume of 5,419,597. The company has a market cap of $186.11 billion, a price-to-earnings ratio of 31.97, a price-to-earnings-growth ratio of 4.48 and a beta of 0.99. 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 0.76, a quick ratio of 3.76 and a current ratio of 4.91. The firm has a 50-day simple moving average of $196.64 and a 200-day simple moving average of $178.23.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.13. Texas Instruments had a return on equity of 35.28% and a net margin of 35.16%. The company had revenue of $3.66 billion during the quarter, compared to analysts’ expectations of $3.61 billion. During the same quarter in the previous year, the firm posted $1.85 EPS. The firm’s revenue was down 16.4% compared to the same quarter last year. As a group, sell-side analysts expect that Texas Instruments Incorporated will post 5.13 earnings per share for the current year.

Texas Instruments Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 21st. Stockholders of record on Wednesday, May 8th were paid a $1.30 dividend. The ex-dividend date was Tuesday, May 7th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.54%. Texas Instruments’s payout ratio is 81.12%.

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.