Raymond James Financial Inc. Purchases Shares of 1,576,798 Texas Instruments Incorporated (NASDAQ:TXN)

Raymond James Financial Inc. acquired a new stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,576,798 shares of the semiconductor company’s stock, valued at approximately $295,665,000. Raymond James Financial Inc. owned 0.17% of Texas Instruments at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Howard Capital Management Group LLC acquired a new position in Texas Instruments during the third quarter worth $202,000. Robeco Institutional Asset Management B.V. increased its position in shares of Texas Instruments by 9.8% during the third quarter. Robeco Institutional Asset Management B.V. now owns 87,400 shares of the semiconductor company’s stock worth $18,054,000 after acquiring an additional 7,831 shares in the last quarter. Concurrent Investment Advisors LLC raised its holdings in shares of Texas Instruments by 18.6% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 18,847 shares of the semiconductor company’s stock worth $3,893,000 after acquiring an additional 2,952 shares during the last quarter. M&G PLC lifted its position in Texas Instruments by 4.4% in the 3rd quarter. M&G PLC now owns 52,342 shares of the semiconductor company’s stock valued at $10,835,000 after acquiring an additional 2,217 shares in the last quarter. Finally, Wealth Architects LLC lifted its position in Texas Instruments by 4.1% in the 3rd quarter. Wealth Architects LLC now owns 2,275 shares of the semiconductor company’s stock valued at $470,000 after acquiring an additional 89 shares in the last quarter. Institutional investors own 84.99% of the company’s stock.

Insider Activity at Texas Instruments

In other Texas Instruments news, Director Mark A. Blinn sold 590 shares of the business’s stock in a transaction that occurred on 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 sale, the director now owns 11,717 shares in the company, valued at approximately $2,117,379.07. The trade was a 4.79 % decrease in their ownership of the stock. 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 stock in a transaction on 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 sale, the director now directly owns 10,816 shares of the company’s stock, valued at $2,202,353.92. The trade was a 35.93 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 297,655 shares of company stock valued at $59,841,304. Insiders own 0.68% of the company’s stock.

Analysts Set New Price Targets

TXN has been the subject of several analyst reports. Truist Financial lowered their price objective on Texas Instruments from $199.00 to $195.00 and set a “hold” rating for the company in a research note on Friday, January 24th. Cantor Fitzgerald reissued a “neutral” rating and issued a $200.00 price target on shares of Texas Instruments in a research report on Friday, January 24th. Rosenblatt Securities reaffirmed a “buy” rating and set a $250.00 price objective on shares of Texas Instruments in a report on Tuesday, January 21st. Barclays lowered their target price 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, Benchmark restated a “buy” rating and set a $230.00 price target on shares of Texas Instruments 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 stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $209.20.

Texas Instruments Stock Performance

Shares of TXN opened at $189.34 on Friday. 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 stock has a 50-day moving average price of $189.64 and a 200-day moving average price of $197.53. The company has a market cap of $172.36 billion, a PE ratio of 36.48, a price-to-earnings-growth ratio of 3.30 and a beta of 0.97. Texas Instruments Incorporated has a 12-month low of $159.11 and a 12-month high of $220.38.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Thursday, January 23rd. The semiconductor company reported $1.30 EPS for the quarter, beating the consensus estimate 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 quarter last year, the firm posted $1.49 EPS. As a group, equities analysts forecast that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

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 $1.36 dividend. 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 2.87%. Texas Instruments’s dividend payout ratio (DPR) is 104.82%.

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.