Summit Investment Advisors Inc. Raises Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Summit Investment Advisors Inc. boosted its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 3.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 38,441 shares of the semiconductor company’s stock after buying an additional 1,192 shares during the quarter. Summit Investment Advisors Inc.’s holdings in Texas Instruments were worth $7,208,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of TXN. Fiduciary Alliance LLC raised its stake in Texas Instruments by 25.3% in the 4th quarter. Fiduciary Alliance LLC now owns 36,801 shares of the semiconductor company’s stock valued at $6,901,000 after purchasing an additional 7,424 shares during the last quarter. Ameritas Advisory Services LLC raised its position in shares of Texas Instruments by 73.7% in the fourth quarter. Ameritas Advisory Services LLC now owns 8,739 shares of the semiconductor company’s stock valued at $1,639,000 after buying an additional 3,707 shares during the last quarter. HB Wealth Management LLC lifted its stake in shares of Texas Instruments by 4.4% during the fourth quarter. HB Wealth Management LLC now owns 99,856 shares of the semiconductor company’s stock valued at $18,724,000 after buying an additional 4,238 shares during the period. Hamlin Capital Management LLC boosted its position in Texas Instruments by 9.2% during the fourth quarter. Hamlin Capital Management LLC now owns 871,623 shares of the semiconductor company’s stock worth $163,438,000 after acquiring an additional 73,715 shares during the last quarter. Finally, Franklin Resources Inc. grew its stake in Texas Instruments by 0.8% in the 3rd quarter. Franklin Resources Inc. now owns 7,025,965 shares of the semiconductor company’s stock worth $1,466,003,000 after acquiring an additional 55,690 shares during the period. Institutional investors and hedge funds own 84.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Citigroup decreased their price objective on Texas Instruments from $235.00 to $210.00 and set a “buy” rating on the stock in a report on Friday. Cantor Fitzgerald restated a “neutral” rating and issued a $200.00 price target on shares of Texas Instruments in a report on Friday, January 24th. Baird R W upgraded shares of Texas Instruments from a “hold” rating to a “strong-buy” rating in a report on Monday, April 7th. Benchmark restated a “buy” rating and issued a $230.00 target price on shares of Texas Instruments 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 equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $207.95.

Texas Instruments Stock Performance

Texas Instruments stock opened at $147.60 on Friday. Texas Instruments Incorporated has a 12-month low of $139.95 and a 12-month high of $220.39. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.12 and a quick ratio of 2.88. The company has a market capitalization of $134.30 billion, a price-to-earnings ratio of 28.44, a price-to-earnings-growth ratio of 3.30 and a beta of 0.99. The firm’s fifty day moving average price is $180.26 and its 200 day moving average price is $191.36.

Texas Instruments (NASDAQ:TXN) last announced its earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business earned $1.49 EPS. On average, research analysts forecast that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal 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 given a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a dividend yield of 3.69%. The ex-dividend date of this dividend was Friday, January 31st. Texas Instruments’s payout ratio is currently 104.82%.

Insider Transactions at Texas Instruments

In other 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 owns 409,089 shares of the company’s stock, valued at approximately $82,930,522.08. This trade represents a 19.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Janet F. Clark sold 6,065 shares of the business’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $203.62, for a total value of $1,234,955.30. Following the completion of the sale, the director now directly owns 10,816 shares of the company’s stock, valued at approximately $2,202,353.92. This represents a 35.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 297,655 shares of company stock valued at $59,841,304. 0.57% of the stock is currently owned by corporate insiders.

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.