Joule Financial LLC Acquires 452 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Joule Financial LLC grew its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 17.1% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 3,099 shares of the semiconductor company’s stock after acquiring an additional 452 shares during the period. Texas Instruments comprises 1.6% of Joule Financial LLC’s portfolio, making the stock its 19th biggest holding. Joule Financial LLC’s holdings in Texas Instruments were worth $603,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Silver Oak Securities Incorporated bought a new position in shares of Texas Instruments during the 4th quarter valued at about $222,000. First National Advisers LLC increased its position in shares of Texas Instruments by 27.6% in the fourth quarter. First National Advisers LLC now owns 9,516 shares of the semiconductor company’s stock valued at $1,623,000 after acquiring an additional 2,059 shares during the period. Nordea Investment Management AB raised its stake in shares of Texas Instruments by 16.9% during the first quarter. Nordea Investment Management AB now owns 1,005,547 shares of the semiconductor company’s stock valued at $175,538,000 after acquiring an additional 145,328 shares during the last quarter. Public Employees Retirement Association of Colorado boosted its holdings in shares of Texas Instruments by 5,858.6% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 646,869 shares of the semiconductor company’s stock worth $110,265,000 after purchasing an additional 636,013 shares during the period. Finally, Advisors Capital Management LLC grew its stake in shares of Texas Instruments by 185.7% in the first quarter. Advisors Capital Management LLC now owns 316,421 shares of the semiconductor company’s stock worth $55,124,000 after purchasing an additional 205,676 shares during the last quarter. 84.99% of the stock is owned by institutional investors.

Texas Instruments Stock Performance

TXN traded down $4.60 during mid-day trading on Thursday, reaching $203.77. 6,877,952 shares of the company traded hands, compared to its average volume of 5,546,373. The stock has a market capitalization of $185.53 billion, a P/E ratio of 31.79, a P/E/G ratio of 4.36 and a beta of 0.99. Texas Instruments Incorporated has a 52-week low of $139.48 and a 52-week high of $210.88. The company has a quick ratio of 3.49, a current ratio of 4.62 and a debt-to-equity ratio of 0.75. The company’s fifty day moving average price is $197.51 and its 200-day moving average price is $183.61.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.06. Texas Instruments had a return on equity of 31.10% and a net margin of 33.01%. The business had revenue of $3.82 billion during the quarter, compared to the consensus estimate of $3.82 billion. During the same period in the previous year, the company posted $1.87 EPS. The business’s quarterly revenue was down 15.6% compared to the same quarter last year. On average, sell-side analysts expect that Texas Instruments Incorporated will post 5.11 EPS for the current year.

Texas Instruments Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 13th. Shareholders of record on Wednesday, July 31st were issued a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 2.55%. The ex-dividend date of this dividend was Wednesday, July 31st. Texas Instruments’s dividend payout ratio is presently 81.12%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on TXN shares. Barclays upped their target price on Texas Instruments from $190.00 to $210.00 and gave the company an “equal weight” rating in a report on Wednesday, July 24th. Robert W. Baird increased their target price on Texas Instruments from $175.00 to $200.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 24th. Wells Fargo & Company assumed coverage on Texas Instruments in a research report on Thursday, May 16th. They set an “underweight” rating and a $150.00 price target on the stock. Susquehanna increased their price target on shares of Texas Instruments from $205.00 to $250.00 and gave the stock a “positive” rating in a research note on Wednesday, July 17th. Finally, Truist Financial dropped their target price on Texas Instruments from $203.00 to $198.00 and set a “hold” rating on the stock in a report on Wednesday. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $201.95.

Texas Instruments Company 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.