Tritonpoint Wealth LLC Grows Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Tritonpoint Wealth LLC raised its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 19.8% in the first quarter, HoldingsChannel reports. The institutional investor owned 1,728 shares of the semiconductor company’s stock after acquiring an additional 285 shares during the quarter. Tritonpoint Wealth LLC’s holdings in Texas Instruments were worth $310,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Azzad Asset Management Inc. ADV purchased a new stake in Texas Instruments in the first quarter valued at about $2,377,000. Metropolis Capital Ltd raised its stake in Texas Instruments by 1.7% in the first quarter. Metropolis Capital Ltd now owns 1,465,342 shares of the semiconductor company’s stock valued at $263,322,000 after buying an additional 24,779 shares during the last quarter. CVA Family Office LLC raised its stake in Texas Instruments by 83.7% in the first quarter. CVA Family Office LLC now owns 1,341 shares of the semiconductor company’s stock valued at $241,000 after buying an additional 611 shares during the last quarter. Howard Capital Management Group LLC purchased a new stake in Texas Instruments in the first quarter valued at about $176,000. Finally, Everhart Financial Group Inc. raised its stake in Texas Instruments by 12.2% in the first quarter. Everhart Financial Group Inc. now owns 4,190 shares of the semiconductor company’s stock valued at $753,000 after buying an additional 455 shares during the last quarter. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on TXN. Summit Insights lowered Texas Instruments from a “buy” rating to a “hold” rating in a report on Thursday, April 24th. Morgan Stanley reissued an “underweight” rating and issued a $148.00 price objective (up from $146.00) on shares of Texas Instruments in a report on Thursday, April 24th. Rosenblatt Securities reissued a “buy” rating and issued a $216.00 price objective on shares of Texas Instruments in a report on Thursday, April 24th. Baird R W raised Texas Instruments from a “hold” rating to a “strong-buy” rating in a report on Monday, April 7th. Finally, Truist Financial cut their price objective on Texas Instruments from $195.00 to $171.00 and set a “hold” rating on the stock in a report on Thursday, April 24th. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Texas Instruments has an average rating of “Hold” and an average target price of $189.86.

Texas Instruments Stock Down 2.3%

Shares of TXN opened at $195.00 on Friday. 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 Incorporated has a 12 month low of $139.95 and a 12 month high of $220.39. The stock’s 50 day moving average is $172.92 and its two-hundred day moving average is $182.03. The firm has a market cap of $177.15 billion, a P/E ratio of 37.57, a PEG ratio of 3.30 and a beta of 1.00.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported $1.28 EPS for the quarter, beating 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 company had revenue of $4.07 billion for the quarter, compared to analyst estimates of $3.91 billion. During the same period last year, the company earned $1.10 earnings per share. Texas Instruments’s quarterly revenue was up 11.1% compared to the same quarter last year. Analysts predict that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The firm also recently disclosed 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 yield of 2.79%. The ex-dividend date was Wednesday, April 30th. Texas Instruments’s 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.