Quintet Private Bank Europe S.A. Makes New $34,000 Investment in Texas Instruments Incorporated (NASDAQ:TXN)

Quintet Private Bank Europe S.A. purchased a new position in shares of Texas Instruments Incorporated (NASDAQ:TXN) during the first quarter, Holdings Channel reports. The fund purchased 191 shares of the semiconductor company’s stock, valued at approximately $34,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Brighton Jones LLC increased its position in shares of Texas Instruments by 33.4% during the fourth quarter. Brighton Jones LLC now owns 16,840 shares of the semiconductor company’s stock worth $3,158,000 after acquiring an additional 4,218 shares during the period. Union Bancaire Privee UBP SA acquired a new position in Texas Instruments during the 4th quarter worth $6,544,000. Stonebridge Financial Group LLC acquired a new position in Texas Instruments during the 4th quarter worth $96,000. Sovran Advisors LLC acquired a new position in Texas Instruments during the 4th quarter worth $481,000. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of Texas Instruments by 35.3% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 505,874 shares of the semiconductor company’s stock valued at $94,573,000 after buying an additional 131,963 shares during the period. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Texas Instruments Trading Down 0.0%

NASDAQ:TXN opened at $199.66 on Friday. The stock’s 50 day moving average price is $171.94 and its 200 day moving average price is $182.19. The company has a market capitalization of $181.39 billion, a PE ratio of 38.47, a P/E/G ratio of 3.30 and a beta of 1.00. The company has a quick ratio of 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76. Texas Instruments Incorporated has a 52-week low of $139.95 and a 52-week high of $220.39.

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

Texas Instruments Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Wednesday, April 30th were paid a $1.36 dividend. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $5.44 dividend on an annualized basis and a yield of 2.72%. Texas Instruments’s dividend payout ratio is presently 103.23%.

Analyst Ratings Changes

Several brokerages have recently issued reports on TXN. Truist Financial decreased their price objective on Texas Instruments from $195.00 to $171.00 and set a “hold” rating for the company in a research note on Thursday, April 24th. DZ Bank raised shares of Texas Instruments from a “sell” rating to a “hold” rating and set a $163.00 target price on the stock in a report on Friday, April 25th. Cantor Fitzgerald dropped their price objective on shares of Texas Instruments from $200.00 to $170.00 and set a “neutral” rating on the stock in a research report on Thursday, April 24th. Robert W. Baird raised shares of Texas Instruments from a “neutral” rating to an “outperform” rating and set a $175.00 price objective on the stock in a research report on Monday, April 7th. Finally, Sanford C. Bernstein upgraded shares of Texas Instruments from a “strong sell” rating to a “hold” rating in a research note on Thursday, June 5th. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Texas Instruments presently has a consensus rating of “Hold” and a consensus price target of $189.86.

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.