Daymark Wealth Partners LLC Boosts Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Daymark Wealth Partners LLC boosted its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 12.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,342 shares of the semiconductor company’s stock after purchasing an additional 790 shares during the quarter. Daymark Wealth Partners LLC’s holdings in Texas Instruments were worth $1,319,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of TXN. Norges Bank acquired a new stake in Texas Instruments in the fourth quarter valued at approximately $2,584,490,000. GAMMA Investing LLC raised its holdings in Texas Instruments by 21,778.6% in the first quarter. GAMMA Investing LLC now owns 3,422,027 shares of the semiconductor company’s stock valued at $614,938,000 after acquiring an additional 3,406,386 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Texas Instruments by 11.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 21,487,468 shares of the semiconductor company’s stock valued at $4,029,115,000 after acquiring an additional 2,237,035 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Texas Instruments by 15.4% in the 4th quarter. Invesco Ltd. now owns 11,893,157 shares of the semiconductor company’s stock valued at $2,230,086,000 after purchasing an additional 1,587,036 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Texas Instruments in the 4th quarter valued at $295,665,000. Institutional investors and hedge funds own 84.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on TXN. KeyCorp reduced their price objective on shares of Texas Instruments from $250.00 to $215.00 and set an “overweight” rating on the stock in a report on Thursday, April 24th. JPMorgan Chase & Co. cut their price target on Texas Instruments from $230.00 to $195.00 and set an “overweight” rating on the stock in a research note on Thursday, April 24th. Argus raised Texas Instruments to a “strong-buy” rating in a research report on Friday, April 25th. Cantor Fitzgerald cut their target price on Texas Instruments from $200.00 to $170.00 and set a “neutral” rating on the stock in a research report on Thursday, April 24th. Finally, Wells Fargo & Company cut their target price on Texas Instruments from $200.00 to $175.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 24th. Four research analysts have rated the stock with a sell rating, twelve have given a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Texas Instruments currently has a consensus rating of “Hold” and an average price target of $189.86.

Texas Instruments Stock Performance

Shares of Texas Instruments stock opened at $199.21 on Tuesday. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.12 and a quick ratio of 2.88. The stock has a market capitalization of $180.98 billion, a price-to-earnings ratio of 38.38, a PEG ratio of 3.30 and a beta of 1.00. Texas Instruments Incorporated has a 12 month low of $139.95 and a 12 month high of $220.39. The firm’s fifty day simple moving average is $169.29 and its 200-day simple moving average is $181.95.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.22. The company had revenue of $4.07 billion for the quarter, compared to analyst estimates of $3.91 billion. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. Texas Instruments’s quarterly revenue was up 11.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.10 earnings per share. As a group, equities analysts forecast that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 13th. Investors of record on Wednesday, April 30th were given a $1.36 dividend. This represents a $5.44 annualized dividend and a yield of 2.73%. The ex-dividend date was Wednesday, April 30th. Texas Instruments’s dividend payout ratio (DPR) is presently 103.23%.

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.