Enzi Wealth Takes $218,000 Position in Texas Instruments Incorporated (NASDAQ:TXN)

Enzi Wealth acquired a new stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,097 shares of the semiconductor company’s stock, valued at approximately $218,000.

Other hedge funds also recently made changes to their positions in the company. Norges Bank purchased a new stake in Texas Instruments in the fourth quarter worth $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. Capital Research Global Investors raised its stake in Texas Instruments by 4.7% in the first quarter. Capital Research Global Investors now owns 28,715,467 shares of the semiconductor company’s stock worth $5,002,522,000 after buying an additional 1,279,828 shares in the last quarter. Finally, Baillie Gifford & Co. lifted its holdings in Texas Instruments by 65.8% in the first quarter. Baillie Gifford & Co. now owns 2,977,032 shares of the semiconductor company’s stock worth $518,629,000 after buying an additional 1,181,841 shares during the period. 84.99% of the stock is owned by hedge funds and other institutional investors.

Texas Instruments Price Performance

NASDAQ TXN traded up $1.88 on Tuesday, hitting $202.54. The company had a trading volume of 7,108,754 shares, compared to its average volume of 5,521,957. The company’s fifty day moving average price is $197.22 and its 200-day moving average price is $183.14. 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 $184.93 billion, a PE ratio of 31.60, a PEG ratio of 4.36 and a beta of 0.99. The company has a debt-to-equity ratio of 0.75, a current ratio of 4.62 and a quick ratio of 3.49.

Texas Instruments (NASDAQ:TXN) last announced its earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $3.82 billion. During the same quarter in the previous year, the company posted $1.87 EPS. The firm’s quarterly revenue was down 15.6% on a year-over-year basis. As a group, 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 was paid on Tuesday, August 13th. Investors of record on Wednesday, July 31st were issued a $1.30 dividend. The ex-dividend date of this dividend was Wednesday, July 31st. This represents a $5.20 annualized dividend and a yield of 2.57%. Texas Instruments’s dividend payout ratio (DPR) is currently 81.12%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Mizuho boosted their target price on Texas Instruments from $164.00 to $170.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. Robert W. Baird upped their price target on Texas Instruments from $175.00 to $200.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 24th. Oppenheimer reiterated a “market perform” rating on shares of Texas Instruments in a research note on Wednesday, April 24th. Benchmark restated a “buy” rating and set a $230.00 target price on shares of Texas Instruments in a research note on Wednesday, July 24th. Finally, KeyCorp upped their price target on shares of Texas Instruments from $200.00 to $250.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. Four analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $200.59.

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.