Laffer Tengler Investments Inc. Raises Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Laffer Tengler Investments Inc. grew its position in Texas Instruments Incorporated (NASDAQ:TXN) by 17.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 37,915 shares of the semiconductor company’s stock after acquiring an additional 5,727 shares during the quarter. Texas Instruments comprises approximately 1.4% of Laffer Tengler Investments Inc.’s portfolio, making the stock its 25th biggest position. Laffer Tengler Investments Inc.’s holdings in Texas Instruments were worth $7,109,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Financial Life Planners acquired a new stake in Texas Instruments during the 4th quarter worth $26,000. Retirement Wealth Solutions LLC acquired a new position in Texas Instruments in the fourth quarter valued at $27,000. MidAtlantic Capital Management Inc. purchased a new stake in shares of Texas Instruments in the third quarter valued at about $28,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Texas Instruments during the fourth quarter worth about $28,000. Finally, Capital Performance Advisors LLP purchased a new position in shares of Texas Instruments during the third quarter worth about $39,000. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Texas Instruments Stock Up 0.2 %

TXN opened at $194.84 on Wednesday. Texas Instruments Incorporated has a one year low of $159.11 and a one year high of $220.38. The company has a market cap of $177.37 billion, a price-to-earnings ratio of 37.54, a PEG ratio of 3.30 and a beta of 0.97. The business’s fifty day moving average is $189.62 and its two-hundred day moving average is $197.60. 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 quarterly earnings data on Thursday, January 23rd. The semiconductor company reported $1.30 EPS for the quarter, topping the consensus estimate 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 firm posted $1.49 EPS. Analysts anticipate that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st were paid a dividend of $1.36 per share. The ex-dividend date of this dividend was Friday, January 31st. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.79%. Texas Instruments’s dividend payout ratio (DPR) is 104.82%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Wells Fargo & Company decreased their price objective on Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating for the company in a research report on Monday, January 13th. Rosenblatt Securities reaffirmed a “buy” rating and set a $250.00 price target on shares of Texas Instruments in a report on Tuesday, January 21st. Barclays dropped their price objective on shares of 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. Truist Financial reduced their target price on shares of Texas Instruments from $199.00 to $195.00 and set a “hold” rating for the company in a research note on Friday, January 24th. Finally, Mizuho lowered their target price on shares of Texas Instruments from $200.00 to $190.00 and set a “neutral” rating on the stock in a report on Friday, January 24th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $209.20.

Insider Buying and Selling

In related news, Chairman Richard K. Templeton sold 97,000 shares of the business’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $202.72, for a total value of $19,663,840.00. Following the completion of the transaction, the chairman now owns 409,089 shares of the company’s stock, valued at approximately $82,930,522.08. The trade was a 19.17 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Janet F. Clark sold 6,065 shares of the company’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $203.62, for a total transaction of $1,234,955.30. Following the completion of the transaction, the director now owns 10,816 shares in the company, valued at approximately $2,202,353.92. This trade represents a 35.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 297,655 shares of company stock worth $59,841,304 in the last ninety days. Insiders own 0.68% of the company’s stock.

Texas Instruments 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.