Evergreen Capital Management LLC Has $1.67 Million Position in Texas Instruments Incorporated (NASDAQ:TXN)

Evergreen Capital Management LLC boosted its position in Texas Instruments Incorporated (NASDAQ:TXN) by 8.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,889 shares of the semiconductor company’s stock after buying an additional 708 shares during the quarter. Evergreen Capital Management LLC’s holdings in Texas Instruments were worth $1,667,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Promus Capital LLC bought a new stake in Texas Instruments during the fourth quarter worth about $25,000. Financial Life Planners bought a new stake in shares of Texas Instruments during the 4th quarter worth approximately $26,000. Retirement Wealth Solutions LLC acquired a new stake in shares of Texas Instruments in the 4th quarter valued at approximately $27,000. Summit Securities Group LLC bought a new position in shares of Texas Instruments in the fourth quarter valued at $27,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in Texas Instruments during the fourth quarter worth $28,000. Institutional investors own 84.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. UBS Group decreased their price objective on shares of Texas Instruments from $250.00 to $225.00 and set a “buy” rating for the company in a research report on Monday. Citigroup lowered their price target on Texas Instruments from $235.00 to $210.00 and set a “buy” rating on the stock in a research report on Friday, April 11th. Baird R W raised Texas Instruments from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 7th. Benchmark reissued a “buy” rating and set a $230.00 target price on shares of Texas Instruments in a report on Friday, January 24th. Finally, Barclays cut their price target on Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating for the company in a report on Friday, January 24th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $206.86.

Insider Buying and Selling at Texas Instruments

In other news, Director Mark A. Blinn sold 590 shares of the stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $180.71, for a total value of $106,618.90. Following the completion of the transaction, the director now owns 11,717 shares of the company’s stock, valued at approximately $2,117,379.07. This represents a 4.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Richard K. Templeton sold 97,000 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The stock was 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 represents a 19.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 297,655 shares of company stock valued at $59,841,304. 0.57% of the stock is currently owned by corporate insiders.

Texas Instruments Stock Performance

TXN opened at $148.34 on Friday. 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 Incorporated has a 52-week low of $139.95 and a 52-week high of $220.39. The firm has a market cap of $134.97 billion, a P/E ratio of 28.58, a price-to-earnings-growth ratio of 3.30 and a beta of 0.99. The business’s fifty day moving average is $177.70 and its 200-day moving average is $189.85.

Texas Instruments (NASDAQ:TXN) last released its earnings results 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 net margin of 30.68% and a return on equity of 28.08%. During the same period last year, the company posted $1.49 EPS. Sell-side analysts expect that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 13th. Shareholders of record on Wednesday, April 30th will be paid a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a yield of 3.67%. Texas Instruments’s payout ratio is presently 104.82%.

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.