PDS Planning Inc Boosts Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

PDS Planning Inc grew its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 1.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,863 shares of the semiconductor company’s stock after buying an additional 90 shares during the period. PDS Planning Inc’s holdings in Texas Instruments were worth $1,099,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Promus Capital LLC purchased a new position in shares of Texas Instruments during the 4th quarter valued at about $25,000. MidAtlantic Capital Management Inc. purchased a new position in shares of Texas Instruments during the 3rd quarter valued at about $28,000. Financial Life Planners purchased a new position in shares of Texas Instruments during the 4th quarter valued at about $26,000. Retirement Wealth Solutions LLC purchased a new position in Texas Instruments in the 4th quarter worth approximately $27,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new position in Texas Instruments in the 4th quarter worth approximately $28,000. 84.99% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Texas Instruments

In other Texas Instruments news, Director Janet F. Clark sold 6,065 shares of the firm’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $203.62, for a total value of $1,234,955.30. Following the completion of the sale, the director now owns 10,816 shares of the company’s stock, valued at approximately $2,202,353.92. This trade represents a 35.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mark A. Blinn sold 590 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $180.71, for a total value of $106,618.90. Following the completion of the transaction, the director now owns 11,717 shares of the company’s stock, valued at approximately $2,117,379.07. The trade was a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 297,655 shares of company stock valued at $59,841,304 over the last quarter. 0.57% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

TXN has been the subject of several recent analyst reports. Cantor Fitzgerald restated a “neutral” rating and issued a $200.00 price target on shares of Texas Instruments in a research note on Friday, January 24th. Barclays dropped their price target on Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating for the company in a research note on Friday, January 24th. Mizuho dropped their price target on Texas Instruments from $200.00 to $190.00 and set a “neutral” rating for the company in a research note on Friday, January 24th. Rosenblatt Securities restated a “buy” rating and issued a $250.00 price target on shares of Texas Instruments in a research note on Tuesday, January 21st. Finally, Benchmark restated a “buy” rating and issued a $230.00 price target on shares of Texas Instruments in a research note on Friday, January 24th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $209.20.

Texas Instruments Stock Performance

NASDAQ:TXN opened at $179.99 on Tuesday. The stock’s fifty day moving average is $188.36 and its 200 day moving average is $196.07. Texas Instruments Incorporated has a fifty-two week low of $159.11 and a fifty-two week high of $220.39. The firm has a market capitalization of $163.78 billion, a PE ratio of 34.68, a PEG ratio of 3.30 and a beta of 0.98. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.88 and a current ratio of 4.12.

Texas Instruments (NASDAQ:TXN) last released its earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.10. Texas Instruments had a return on equity of 28.08% and a net margin of 30.68%. During the same period last year, the business earned $1.49 EPS. On average, sell-side analysts anticipate that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st were given a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date of this dividend was Friday, January 31st. Texas Instruments’s payout ratio is 104.82%.

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.