NBW Capital LLC Invests $240,000 in Texas Instruments Incorporated (NASDAQ:TXN)

NBW Capital LLC bought a new stake in Texas Instruments Incorporated (NASDAQ:TXN) in the first quarter, HoldingsChannel reports. The fund bought 1,377 shares of the semiconductor company’s stock, valued at approximately $240,000.

A number of other large investors also recently bought and sold shares of TXN. Norges Bank bought a new position in Texas Instruments in the fourth quarter worth about $1,649,592,000. Van ECK Associates Corp boosted its position in Texas Instruments by 54.3% during the 1st quarter. Van ECK Associates Corp now owns 5,606,825 shares of the semiconductor company’s stock valued at $976,765,000 after purchasing an additional 1,972,304 shares during the period. California Public Employees Retirement System boosted its position in Texas Instruments by 33.2% during the 4th quarter. California Public Employees Retirement System now owns 6,035,704 shares of the semiconductor company’s stock valued at $1,028,846,000 after purchasing an additional 1,502,989 shares during the period. Baillie Gifford & Co. grew its stake in Texas Instruments by 338.4% during the 4th quarter. Baillie Gifford & Co. now owns 1,795,191 shares of the semiconductor company’s stock worth $306,008,000 after buying an additional 1,385,725 shares during the last quarter. Finally, Capital Research Global Investors increased its position in Texas Instruments by 4.7% in the first quarter. Capital Research Global Investors now owns 28,715,467 shares of the semiconductor company’s stock worth $5,002,522,000 after buying an additional 1,279,828 shares during the period. Institutional investors own 84.99% of the company’s stock.

Texas Instruments Price Performance

TXN stock traded down $5.87 on Friday, hitting $187.46. 8,050,367 shares of the company’s stock traded hands, compared to its average volume of 5,589,131. The company has a current ratio of 4.62, a quick ratio of 3.49 and a debt-to-equity ratio of 0.75. The stock has a market cap of $171.16 billion, a price-to-earnings ratio of 29.24, a P/E/G ratio of 4.21 and a beta of 0.99. Texas Instruments Incorporated has a 1-year low of $139.48 and a 1-year high of $210.84. The stock has a fifty day moving average of $197.84 and a 200-day moving average of $180.99.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Tuesday, July 23rd. The semiconductor company reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.06. The company had revenue of $3.82 billion during the quarter, compared to the consensus estimate of $3.82 billion. Texas Instruments had a return on equity of 31.10% and a net margin of 33.01%. The company’s quarterly revenue was down 15.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.87 EPS. On average, analysts forecast that Texas Instruments Incorporated will post 5.11 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 13th. Shareholders of record on Wednesday, July 31st will be issued a dividend of $1.30 per share. The ex-dividend date is Wednesday, July 31st. This represents a $5.20 annualized dividend and a yield of 2.77%. Texas Instruments’s payout ratio is presently 81.12%.

Analyst Upgrades and Downgrades

TXN has been the subject of several recent research reports. Evercore ISI upped their price target on shares of Texas Instruments from $213.00 to $225.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. Jefferies Financial Group upped their target price on shares of Texas Instruments from $175.00 to $185.00 and gave the stock a “hold” rating in a research report on Wednesday, July 24th. Oppenheimer reaffirmed a “market perform” rating on shares of Texas Instruments in a report on Wednesday, April 24th. KeyCorp increased their price objective on Texas Instruments from $200.00 to $250.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. Finally, Morgan Stanley lifted their target price on Texas Instruments from $150.00 to $156.00 and gave the company an “underweight” rating in a research note on Thursday, July 11th. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $198.64.

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.