Affinity Wealth Management LLC raised its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 41.1% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 3,959 shares of the semiconductor company’s stock after acquiring an additional 1,153 shares during the quarter. Affinity Wealth Management LLC’s holdings in Texas Instruments were worth $420,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Tuttle Tactical Management bought a new position in shares of Texas Instruments in the first quarter valued at $1,466,000. Pinnacle Associates Ltd. lifted its stake in shares of Texas Instruments by 5.6% in the first quarter. Pinnacle Associates Ltd. now owns 34,334 shares of the semiconductor company’s stock valued at $3,642,000 after buying an additional 1,833 shares in the last quarter. GHP Investment Advisors Inc. lifted its stake in shares of Texas Instruments by 3.4% in the first quarter. GHP Investment Advisors Inc. now owns 12,537 shares of the semiconductor company’s stock valued at $1,330,000 after buying an additional 416 shares in the last quarter. Pictet Asset Management Ltd. lifted its stake in shares of Texas Instruments by 12.5% in the first quarter. Pictet Asset Management Ltd. now owns 852,019 shares of the semiconductor company’s stock valued at $90,374,000 after buying an additional 94,476 shares in the last quarter. Finally, Icon Wealth Partners LLC bought a new position in shares of Texas Instruments in the first quarter valued at $37,000. Hedge funds and other institutional investors own 85.39% of the company’s stock.

In related news, insider Rafael R. Lizardi sold 27,675 shares of the firm’s stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $117.87, for a total transaction of $3,262,052.25. Following the completion of the sale, the insider now owns 98,809 shares in the company, valued at $11,646,616.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Richard K. Templeton sold 475,000 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $117.38, for a total transaction of $55,755,500.00. Following the sale, the chairman now owns 930,287 shares of the company’s stock, valued at approximately $109,197,088.06. The disclosure for this sale can be found here. Insiders have sold 879,332 shares of company stock worth $103,024,864 over the last three months. 0.89% of the stock is owned by insiders.

TXN opened at $104.31 on Monday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 2.70 and a current ratio of 3.68. Texas Instruments Incorporated has a fifty-two week low of $87.70 and a fifty-two week high of $119.32. The stock has a market cap of $98.92 billion, a P/E ratio of 19.25, a PEG ratio of 2.02 and a beta of 1.20.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Tuesday, April 23rd. The semiconductor company reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.09. Texas Instruments had a net margin of 34.84% and a return on equity of 55.48%. The company had revenue of $3.59 billion for the quarter, compared to analyst estimates of $3.48 billion. During the same period last year, the firm earned $1.35 earnings per share. The firm’s revenue was down 5.1% on a year-over-year basis. Equities research analysts predict that Texas Instruments Incorporated will post 5.16 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, May 20th. Investors of record on Monday, May 6th were given a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a dividend yield of 2.95%. The ex-dividend date was Friday, May 3rd. Texas Instruments’s payout ratio is currently 56.83%.

A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. reaffirmed a “buy” rating and issued a $130.00 price objective on shares of Texas Instruments in a research note on Wednesday, April 24th. Deutsche Bank raised their price objective on shares of Texas Instruments from $100.00 to $110.00 and gave the company a “hold” rating in a research note on Wednesday, April 24th. UBS Group reaffirmed a “sell” rating and issued a $90.00 price objective on shares of Texas Instruments in a research note on Wednesday, April 24th. ValuEngine lowered shares of Texas Instruments from a “buy” rating to a “hold” rating in a research note on Monday, May 13th. Finally, BidaskClub lowered shares of Texas Instruments from a “hold” rating to a “sell” rating in a research note on Wednesday, May 22nd. Two analysts have rated the stock with a sell rating, nineteen have issued a hold rating and eight have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $111.18.

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Texas Instruments Profile

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements in various levels using battery management solutions, portable components, power supply controls, point-of-load products, switches and interfaces, integrated protection devices, high-voltage products, and mobile lighting and display products.

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Institutional Ownership by Quarter for Texas Instruments (NASDAQ:TXN)

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