Cassaday & Co Wealth Management LLC Acquires 77 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Cassaday & Co Wealth Management LLC grew its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 1.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,495 shares of the semiconductor company’s stock after buying an additional 77 shares during the period. Cassaday & Co Wealth Management LLC’s holdings in Texas Instruments were worth $843,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently bought and sold shares of TXN. Centricity Wealth Management LLC bought a new stake in shares of Texas Instruments in the fourth quarter valued at about $54,000. Nicholson Wealth Management Group LLC raised its stake in Texas Instruments by 96.3% in the 4th quarter. Nicholson Wealth Management Group LLC now owns 8,239 shares of the semiconductor company’s stock valued at $1,545,000 after purchasing an additional 4,042 shares during the last quarter. ING Groep NV grew its holdings in Texas Instruments by 59.0% in the 4th quarter. ING Groep NV now owns 288,085 shares of the semiconductor company’s stock valued at $54,019,000 after buying an additional 106,941 shares in the last quarter. Morningstar Investment Management LLC grew its holdings in Texas Instruments by 4.7% in the 4th quarter. Morningstar Investment Management LLC now owns 5,380 shares of the semiconductor company’s stock valued at $1,009,000 after buying an additional 243 shares in the last quarter. Finally, Boston Financial Mangement LLC grew its holdings in shares of Texas Instruments by 10.8% during the 4th quarter. Boston Financial Mangement LLC now owns 5,390 shares of the semiconductor company’s stock worth $1,011,000 after purchasing an additional 525 shares during the period. 84.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on TXN shares. Wells Fargo & Company lowered their target price on Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. 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. Benchmark reaffirmed a “buy” rating and set a $230.00 price target on shares of Texas Instruments in a research note on Friday, January 24th. Barclays lowered their price target on shares of Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating for the company in a report on Friday, January 24th. Finally, Mizuho dropped their price target on shares of Texas Instruments from $200.00 to $190.00 and set a “neutral” rating for the company in a research report on Friday, January 24th. 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’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $209.20.

Texas Instruments Price Performance

NASDAQ:TXN opened at $203.96 on Friday. The company has a quick ratio of 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76. Texas Instruments Incorporated has a 12-month low of $159.11 and a 12-month high of $220.38. The stock’s 50 day moving average price is $188.23 and its two-hundred day moving average price is $197.27. The firm has a market capitalization of $185.67 billion, a price-to-earnings ratio of 39.30, a P/E/G ratio of 3.17 and a beta of 0.97.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data 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 30.68% and a return on equity of 28.08%. During the same period in the prior year, the company posted $1.49 earnings per share. On average, analysts anticipate that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Friday, January 31st were issued a $1.36 dividend. The ex-dividend date was Friday, January 31st. This represents a $5.44 annualized dividend and a yield of 2.67%. Texas Instruments’s payout ratio is 104.82%.

Insiders Place Their Bets

In related news, Director Mark A. Blinn sold 590 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $180.71, for a total transaction of $106,618.90. Following the completion of the sale, the director now owns 11,717 shares in the company, valued at approximately $2,117,379.07. This trade represents a 4.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, 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 directly owns 14,323 shares in the company, valued at $2,912,295.59. This represents a 42.39 % decrease in their position. The disclosure for this sale can be found here. 0.68% of the stock is currently owned by corporate insiders.

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.