Mizuho Securities USA LLC Acquires 27,251 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Mizuho Securities USA LLC grew its position in Texas Instruments Incorporated (NASDAQ:TXN) by 46.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 86,457 shares of the semiconductor company’s stock after acquiring an additional 27,251 shares during the period. Mizuho Securities USA LLC’s holdings in Texas Instruments were worth $16,212,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Promus Capital LLC bought a new position in shares of Texas Instruments in the fourth quarter worth approximately $25,000. Financial Life Planners purchased a new position in shares of Texas Instruments in the fourth quarter worth $26,000. Retirement Wealth Solutions LLC purchased a new position in shares of Texas Instruments in the fourth quarter worth $27,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Texas Instruments in the fourth quarter worth $28,000. Finally, Atala Financial Inc purchased a new position in shares of Texas Instruments in the fourth quarter worth $37,000. 84.99% of the stock is currently owned by institutional investors.

Texas Instruments Trading Down 0.9 %

NASDAQ TXN opened at $179.00 on Friday. The company’s 50-day moving average price is $187.47 and its 200-day moving average price is $195.37. 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 market cap of $162.88 billion, a PE ratio of 34.49, a PEG 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 $220.39.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 EPS for the quarter, topping 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 previous year, the firm earned $1.49 EPS. Equities research analysts forecast that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st were issued a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date of this dividend was Friday, January 31st. Texas Instruments’s payout ratio is presently 104.82%.

Insiders Place Their Bets

In other Texas Instruments news, Chairman Richard K. Templeton sold 97,000 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $202.72, for a total transaction of $19,663,840.00. Following the transaction, the chairman now directly owns 409,089 shares in the company, valued at $82,930,522.08. This represents a 19.17 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mark A. Blinn sold 590 shares of the stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $180.71, for a total transaction of $106,618.90. Following the transaction, 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 disclosure for this sale can be found here. Insiders have sold a total of 297,655 shares of company stock worth $59,841,304 in the last three months. Corporate insiders own 0.57% of the company’s stock.

Wall Street Analysts Forecast Growth

TXN has been the topic of several research analyst reports. Truist Financial lowered their target price on shares of Texas Instruments from $199.00 to $195.00 and set a “hold” rating on the stock in a report on Friday, January 24th. Benchmark reissued a “buy” rating and issued a $230.00 target price on shares of Texas Instruments in a report on Friday, January 24th. Cantor Fitzgerald reissued a “neutral” rating and issued a $200.00 target price on shares of Texas Instruments in a report on Friday, January 24th. Barclays decreased their price target 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. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $250.00 price target on shares of Texas Instruments in a research note on Tuesday, January 21st. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $209.20.

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.