Sonora Investment Management Group LLC Buys 1,269 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Sonora Investment Management Group LLC raised its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 1.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 90,908 shares of the semiconductor company’s stock after purchasing an additional 1,269 shares during the quarter. Texas Instruments makes up about 1.3% of Sonora Investment Management Group LLC’s portfolio, making the stock its 23rd biggest holding. Sonora Investment Management Group LLC’s holdings in Texas Instruments were worth $17,046,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Strategic Investment Solutions Inc. IL bought a new stake in Texas Instruments in the second quarter valued at approximately $122,000. Heritage Wealth Management Inc. acquired a new stake in Texas Instruments during the 2nd quarter valued at $210,000. Cavalry Management Group LLC acquired a new stake in Texas Instruments during the 2nd quarter valued at $457,000. Centaurus Financial Inc. boosted its position in Texas Instruments by 10.5% during the second quarter. Centaurus Financial Inc. now owns 2,537 shares of the semiconductor company’s stock worth $494,000 after purchasing an additional 241 shares during the period. Finally, Abacus Planning Group Inc. increased its holdings in shares of Texas Instruments by 10.4% in the third quarter. Abacus Planning Group Inc. now owns 1,758 shares of the semiconductor company’s stock valued at $363,000 after purchasing an additional 166 shares during the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.

Texas Instruments Trading Up 2.8 %

TXN opened at $185.27 on Friday. The company has a market cap of $169.01 billion, a P/E ratio of 35.70, a PEG ratio of 2.87 and a beta of 0.98. The company has a current ratio of 4.12, a quick ratio of 2.88 and a debt-to-equity ratio of 0.76. The company’s 50 day moving average is $192.21 and its 200-day moving average is $199.05. Texas Instruments Incorporated has a 1-year low of $155.46 and a 1-year high of $220.38.

Texas Instruments (NASDAQ:TXN) last issued its earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.10. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. During the same period last year, the company earned $1.49 EPS. Equities research analysts predict that Texas Instruments Incorporated will post 5.42 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st will be given a $1.36 dividend. The ex-dividend date of this dividend is Friday, January 31st. This represents a $5.44 annualized dividend and a yield of 2.94%. Texas Instruments’s dividend payout ratio is presently 104.82%.

Insider Transactions at Texas Instruments

In other Texas Instruments news, Director Ronald Kirk sold 10,539 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $203.33, for a total value of $2,142,894.87. Following the sale, the director now owns 14,323 shares in the company, valued at approximately $2,912,295.59. The trade was a 42.39 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.68% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on TXN. Mizuho reduced their target price on shares of Texas Instruments from $200.00 to $190.00 and set a “neutral” rating for the company in a report on Friday, January 24th. Summit Insights upgraded Texas Instruments from a “hold” rating to a “buy” rating in a report on Wednesday, October 23rd. Bank of America lowered their target price on Texas Instruments from $220.00 to $215.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 23rd. Susquehanna reduced 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. Finally, Robert W. Baird lowered their price objective on Texas Instruments from $200.00 to $175.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 23rd. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, Texas Instruments has a consensus rating of “Hold” and an average price target of $209.20.

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.