PFG Investments LLC boosted its position in Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 5.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,595 shares of the semiconductor company’s stock after buying an additional 273 shares during the period. PFG Investments LLC’s holdings in Texas Instruments were worth $1,049,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Strategic Investment Advisors MI boosted its stake in Texas Instruments by 2.2% during the 4th quarter. Strategic Investment Advisors MI now owns 4,839 shares of the semiconductor company’s stock valued at $907,000 after purchasing an additional 102 shares during the last quarter. Drive Wealth Management LLC boosted its stake in Texas Instruments by 5.7% during the 4th quarter. Drive Wealth Management LLC now owns 1,353 shares of the semiconductor company’s stock valued at $254,000 after purchasing an additional 73 shares during the last quarter. Novare Capital Management LLC boosted its stake in Texas Instruments by 1.3% during the 4th quarter. Novare Capital Management LLC now owns 78,993 shares of the semiconductor company’s stock valued at $14,812,000 after purchasing an additional 1,015 shares during the last quarter. Clarendon Private LLC acquired a new position in Texas Instruments during the 4th quarter valued at about $495,000. Finally, Precedent Wealth Partners LLC boosted its stake in Texas Instruments by 1.1% during the 4th quarter. Precedent Wealth Partners LLC now owns 6,551 shares of the semiconductor company’s stock valued at $1,228,000 after purchasing an additional 70 shares during the last quarter. 84.99% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of equities analysts have issued reports on TXN shares. Susquehanna cut their price target on Texas Instruments from $250.00 to $240.00 and set a “positive” rating for the company in a research note on Monday, October 21st. Evercore ISI lifted their price target on Texas Instruments from $268.00 to $298.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Barclays cut their target price on Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating on the stock in a research note on Friday, January 24th. Benchmark restated a “buy” rating and issued a $230.00 target price on shares of Texas Instruments in a research note on Friday, January 24th. Finally, Summit Insights upgraded Texas Instruments from a “hold” rating to a “buy” rating in a research note on Wednesday, October 23rd. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Texas Instruments currently has an average rating of “Hold” and a consensus target price of $209.20.
Texas Instruments Trading Down 3.5 %
Shares of TXN stock opened at $180.57 on Wednesday. The company’s fifty day simple moving average is $192.97 and its two-hundred day simple moving average is $199.34. The company has a debt-to-equity ratio of 0.74, a current ratio of 4.31 and a quick ratio of 3.14. Texas Instruments Incorporated has a 1 year low of $155.46 and a 1 year high of $220.38. The stock has a market capitalization of $164.72 billion, a price-to-earnings ratio of 33.56, a PEG ratio of 3.84 and a beta of 0.98.
Texas Instruments (NASDAQ:TXN – Get Free Report) last issued its earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.10. Texas Instruments had a net margin of 31.60% and a return on equity of 29.05%. During the same quarter in the previous year, the business posted $1.49 EPS. As a group, analysts anticipate that Texas Instruments Incorporated will post 5.08 earnings per share for the current year.
Texas Instruments Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st will be issued a $1.36 dividend. The ex-dividend date is Friday, January 31st. This represents a $5.44 annualized dividend and a dividend yield of 3.01%. Texas Instruments’s payout ratio is currently 101.12%.
Insider Transactions at Texas Instruments
In other news, Director Ronald Kirk sold 10,539 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $203.33, for a total value of $2,142,894.87. Following the transaction, the director now owns 14,323 shares of the company’s stock, valued at approximately $2,912,295.59. This represents a 42.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.68% of the company’s stock.
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.
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