Golden State Equity Partners Has $1.31 Million Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

by · The Cerbat Gem

Golden State Equity Partners reduced its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 2.6% in the first quarter, HoldingsChannel.com reports. The fund owned 7,269 shares of the semiconductor company’s stock after selling 195 shares during the quarter. Golden State Equity Partners’ holdings in Texas Instruments were worth $1,306,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in Texas Instruments by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 93,567,277 shares of the semiconductor company’s stock worth $17,544,800,000 after purchasing an additional 649,620 shares during the period. Geode Capital Management LLC grew its stake in Texas Instruments by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 21,554,142 shares of the semiconductor company’s stock worth $4,032,599,000 after purchasing an additional 267,352 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Texas Instruments by 11.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 21,487,468 shares of the semiconductor company’s stock worth $4,029,115,000 after purchasing an additional 2,237,035 shares during the period. Norges Bank acquired a new stake in Texas Instruments during the fourth quarter worth approximately $2,584,490,000. Finally, Alliancebernstein L.P. grew its position in shares of Texas Instruments by 6.9% during the 4th quarter. Alliancebernstein L.P. now owns 12,706,971 shares of the semiconductor company’s stock worth $2,382,684,000 after buying an additional 822,797 shares during the period. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently commented on TXN. Cantor Fitzgerald reduced their price objective on shares of Texas Instruments from $200.00 to $170.00 and set a “neutral” rating for the company in a research report on Thursday, April 24th. Stifel Nicolaus reduced their price target on shares of Texas Instruments from $200.00 to $160.00 and set a “hold” rating for the company in a report on Thursday, April 17th. Baird R W upgraded shares of Texas Instruments from a “hold” rating to a “strong-buy” rating in a report on Monday, April 7th. Mizuho set a $170.00 price target on shares of Texas Instruments in a report on Thursday, April 24th. Finally, DZ Bank upgraded Texas Instruments from a “sell” rating to a “hold” rating and set a $163.00 target price for the company in a research note on Friday, April 25th. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Texas Instruments has an average rating of “Hold” and a consensus price target of $190.55.

Check Out Our Latest Stock Analysis on Texas Instruments

Texas Instruments Price Performance

TXN stock opened at $205.81 on Wednesday. The company has a market capitalization of $186.97 billion, a P/E ratio of 39.05, a price-to-earnings-growth ratio of 3.28 and a beta of 1.00. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.37 and a current ratio of 5.26. Texas Instruments Incorporated has a 52-week low of $139.95 and a 52-week high of $220.39. The business has a 50-day simple moving average of $179.07 and a two-hundred day simple moving average of $182.15.

Texas Instruments (NASDAQ:TXN – Get Free Report) last announced its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.22. The company had revenue of $4.07 billion for the quarter, compared to analysts’ expectations of $3.91 billion. Texas Instruments had a return on equity of 28.75% and a net margin of 30.36%. Texas Instruments’s quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.10 earnings per share. Research analysts expect that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Wednesday, April 30th were issued a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date was Wednesday, April 30th. Texas Instruments’s dividend payout ratio is 103.23%.

About Texas Instruments

(Free Report)

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.

Further Reading

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