Texas Instruments Incorporated (NASDAQ:TXN) Shares Acquired by Tidal Investments LLC

Tidal Investments LLC boosted its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 14.9% during the first quarter, Holdings Channel.com reports. The fund owned 41,833 shares of the semiconductor company’s stock after purchasing an additional 5,415 shares during the quarter. Tidal Investments LLC’s holdings in Texas Instruments were worth $7,278,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. Tennessee Valley Asset Management Partners purchased a new stake in Texas Instruments during the 4th quarter valued at about $25,000. Richardson Financial Services Inc. acquired a new stake in shares of Texas Instruments in the fourth quarter valued at approximately $26,000. Scarborough Advisors LLC purchased a new stake in shares of Texas Instruments in the fourth quarter valued at about $26,000. Pacific Capital Wealth Advisors Inc. acquired a new stake in shares of Texas Instruments during the 4th quarter worth approximately $31,000. Finally, Westend Capital Management LLC purchased a new stake in shares of Texas Instruments during the 1st quarter valued at approximately $31,000. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Texas Instruments Stock Performance

Shares of Texas Instruments stock traded down $3.71 during trading on Thursday, reaching $200.10. The company’s stock had a trading volume of 1,104,970 shares, compared to its average volume of 5,482,900. The company has a 50-day moving average price of $198.16 and a two-hundred day moving average price of $180.62. Texas Instruments Incorporated has a fifty-two week low of $139.48 and a fifty-two week high of $210.84. The firm has a market cap of $182.70 billion, a PE ratio of 31.80, a P/E/G ratio of 4.37 and a beta of 0.99. The company has a current ratio of 4.62, a quick ratio of 3.49 and a debt-to-equity ratio of 0.75.

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

Texas Instruments Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 13th. Shareholders of record on Wednesday, July 31st will be paid a $1.30 dividend. The ex-dividend date of this dividend is Wednesday, July 31st. This represents a $5.20 annualized dividend and a yield of 2.60%. Texas Instruments’s dividend payout ratio is currently 81.12%.

Insider Transactions at Texas Instruments

In other Texas Instruments news, Chairman Richard K. Templeton sold 100,440 shares of Texas Instruments 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 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. Company insiders own 0.68% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on TXN. Truist Financial boosted their price objective on shares of Texas Instruments from $167.00 to $203.00 and gave the company a “hold” rating in a report on Wednesday, July 24th. Rosenblatt Securities lifted their target price on Texas Instruments from $210.00 to $250.00 and gave the company a “buy” rating in a research report on Monday, July 22nd. The Goldman Sachs Group boosted their target price on Texas Instruments from $157.00 to $176.00 and gave the stock a “sell” rating in a research note on Wednesday, July 24th. Robert W. Baird boosted their price objective on Texas Instruments from $175.00 to $200.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 24th. Finally, Barclays raised their target price on shares of Texas Instruments from $190.00 to $210.00 and gave the company an “equal weight” rating in a report on Wednesday, July 24th. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $198.64.

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.