Opal Wealth Advisors LLC Purchases Shares of 704 Texas Instruments Incorporated (NASDAQ:TXN)

Opal Wealth Advisors LLC purchased a new stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 704 shares of the semiconductor company’s stock, valued at approximately $126,000.

Several other institutional investors have also added to or reduced their stakes in TXN. Brighton Jones LLC grew its holdings in Texas Instruments by 33.4% during the 4th quarter. Brighton Jones LLC now owns 16,840 shares of the semiconductor company’s stock valued at $3,158,000 after buying an additional 4,218 shares in the last quarter. Union Bancaire Privee UBP SA purchased a new position in Texas Instruments during the 4th quarter valued at approximately $6,544,000. AustralianSuper Pty Ltd grew its holdings in Texas Instruments by 52.8% during the 4th quarter. AustralianSuper Pty Ltd now owns 10,756 shares of the semiconductor company’s stock valued at $2,017,000 after buying an additional 3,715 shares in the last quarter. Bank Pictet & Cie Europe AG boosted its holdings in shares of Texas Instruments by 14.8% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 138,350 shares of the semiconductor company’s stock worth $25,942,000 after purchasing an additional 17,840 shares during the period. Finally, PUREfi Wealth LLC purchased a new position in shares of Texas Instruments in the 4th quarter worth approximately $293,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Citigroup lifted their target price on Texas Instruments from $210.00 to $220.00 and gave the stock a “buy” rating in a report on Monday, June 9th. Baird R W upgraded Texas Instruments from a “hold” rating to a “strong-buy” rating in a report on Monday, April 7th. Rosenblatt Securities reiterated a “buy” rating and issued a $216.00 target price on shares of Texas Instruments in a report on Thursday, April 24th. Truist Financial dropped their target price on Texas Instruments from $195.00 to $171.00 and set a “hold” rating for the company in a report on Thursday, April 24th. Finally, Sanford C. Bernstein upgraded Texas Instruments from a “strong sell” rating to a “hold” rating in a report on Thursday, June 5th. Four research analysts have rated the stock with a sell rating, twelve have given a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $189.86.

Texas Instruments Price Performance

Shares of TXN stock opened at $195.00 on Friday. Texas Instruments Incorporated has a twelve month low of $139.95 and a twelve month high of $220.39. The stock has a market capitalization of $177.15 billion, a price-to-earnings ratio of 37.57, a P/E/G ratio of 3.30 and a beta of 1.00. The stock has a fifty day simple moving average of $172.92 and a two-hundred day simple moving average of $182.03. 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 earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.22. Texas Instruments had a return on equity of 28.08% and a net margin of 30.68%. The business had revenue of $4.07 billion during the quarter, compared to analysts’ expectations of $3.91 billion. During the same period in the prior year, the business earned $1.10 EPS. The business’s revenue for the quarter was up 11.1% compared to the same quarter last year. On average, analysts predict that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Wednesday, April 30th were issued a $1.36 dividend. This represents a $5.44 annualized dividend and a dividend yield of 2.79%. The ex-dividend date of this dividend was Wednesday, April 30th. Texas Instruments’s dividend payout ratio is 103.23%.

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.