Portside Wealth Group LLC Has $1.18 Million Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Portside Wealth Group LLC grew its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 18.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,266 shares of the semiconductor company’s stock after buying an additional 985 shares during the quarter. Portside Wealth Group LLC’s holdings in Texas Instruments were worth $1,175,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the company. Brighton Jones LLC boosted its holdings in Texas Instruments by 33.4% in the fourth quarter. Brighton Jones LLC now owns 16,840 shares of the semiconductor company’s stock worth $3,158,000 after purchasing an additional 4,218 shares in the last quarter. Union Bancaire Privee UBP SA bought a new position in shares of Texas Instruments in the 4th quarter valued at approximately $6,544,000. Chicago Partners Investment Group LLC boosted its position in Texas Instruments by 20.7% during the fourth quarter. Chicago Partners Investment Group LLC now owns 2,354 shares of the semiconductor company’s stock worth $451,000 after purchasing an additional 403 shares during the period. Spire Wealth Management boosted its position in Texas Instruments by 1.8% during the fourth quarter. Spire Wealth Management now owns 4,193 shares of the semiconductor company’s stock worth $786,000 after purchasing an additional 73 shares during the period. Finally, McAdam LLC grew its holdings in Texas Instruments by 36.8% during the fourth quarter. McAdam LLC now owns 1,415 shares of the semiconductor company’s stock valued at $265,000 after purchasing an additional 381 shares during the last quarter. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on TXN. Mizuho set a $170.00 price objective on shares of Texas Instruments in a report on Thursday, April 24th. Cantor Fitzgerald cut their price target on Texas Instruments from $200.00 to $170.00 and set a “neutral” rating for the company in a report on Thursday, April 24th. UBS Group reduced their target price on shares of Texas Instruments from $225.00 to $215.00 and set a “buy” rating for the company in a research note on Thursday, April 24th. KeyCorp decreased their price target on shares of Texas Instruments from $250.00 to $215.00 and set an “overweight” rating on the stock in a research note on Thursday, April 24th. Finally, Summit Insights cut Texas Instruments from a “buy” rating to a “hold” rating in a report on Thursday, April 24th. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $189.41.

Texas Instruments Price Performance

Shares of NASDAQ TXN opened at $188.08 on Wednesday. The company has a fifty day moving average price of $168.08 and a 200 day moving average price of $182.28. Texas Instruments Incorporated has a 1-year low of $139.95 and a 1-year high of $220.39. The firm has a market cap of $170.87 billion, a PE ratio of 36.24, a PEG ratio of 3.30 and a beta of 0.97. The company has a current ratio of 4.12, a quick ratio of 2.88 and a debt-to-equity ratio of 0.76.

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

Texas Instruments Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Stockholders of record on Wednesday, April 30th were paid a dividend of $1.36 per share. The ex-dividend date was Wednesday, April 30th. This represents a $5.44 annualized dividend and a dividend yield of 2.89%. Texas Instruments’s dividend payout ratio is currently 103.23%.

About Texas Instruments

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.