Delta Financial Advisors LLC Acquires New Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Delta Financial Advisors LLC bought a new position in Texas Instruments Incorporated (NASDAQ:TXN) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,050 shares of the semiconductor company’s stock, valued at approximately $204,000.

A number of other institutional investors have also recently modified their holdings of TXN. Richardson Financial Services Inc. bought a new stake in shares of Texas Instruments during the fourth quarter valued at approximately $26,000. Scarborough Advisors LLC purchased a new stake in Texas Instruments during the 4th quarter valued at $26,000. Westend Capital Management LLC purchased a new stake in Texas Instruments during the 1st quarter valued at $31,000. Norwood Financial Corp bought a new stake in shares of Texas Instruments in the 1st quarter worth $32,000. Finally, Fortis Group Advisors LLC raised its stake in shares of Texas Instruments by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 196 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 98 shares during the last quarter. 84.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Morgan Stanley increased their price objective on Texas Instruments from $150.00 to $156.00 and gave the company an “underweight” rating in a research report on Thursday, July 11th. Evercore ISI raised their price target on shares of Texas Instruments from $255.00 to $268.00 and gave the company an “outperform” rating in a report on Tuesday, August 20th. Cantor Fitzgerald reissued a “neutral” rating and set a $210.00 price objective on shares of Texas Instruments in a report on Wednesday, August 21st. Truist Financial dropped their target price on shares of Texas Instruments from $203.00 to $198.00 and set a “hold” rating on the stock in a report on Wednesday, August 21st. Finally, Benchmark reiterated a “buy” rating and set a $230.00 target price on shares of Texas Instruments in a research note on Wednesday, July 24th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $204.67.

Insider Activity

In other Texas Instruments news, CAO Julie C. Knecht sold 7,764 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $209.49, for a total value of $1,626,480.36. Following the completion of the transaction, the chief accounting officer now directly owns 11,806 shares in the company, valued at approximately $2,473,238.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Texas Instruments news, CAO Julie C. Knecht sold 7,764 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $209.49, for a total value of $1,626,480.36. Following the sale, the chief accounting officer now owns 11,806 shares in the company, valued at approximately $2,473,238.94. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Shanon J. Leonard sold 2,816 shares of the firm’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $208.91, for a total value of $588,290.56. Following the transaction, the vice president now owns 24,112 shares of the company’s stock, valued at approximately $5,037,237.92. The disclosure for this sale can be found here. Insiders have sold 15,558 shares of company stock worth $3,255,323 over the last ninety days. Corporate insiders own 0.68% of the company’s stock.

Texas Instruments Stock Down 2.0 %

TXN stock opened at $197.45 on Friday. The business’s 50-day moving average price is $200.50 and its 200-day moving average price is $187.57. The stock has a market cap of $179.77 billion, a P/E ratio of 30.80, a PEG ratio of 4.43 and a beta of 0.99. The company has a quick ratio of 3.49, a current ratio of 4.62 and a debt-to-equity ratio of 0.75. Texas Instruments Incorporated has a twelve month low of $139.48 and a twelve month high of $214.66.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.06. The business had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $3.82 billion. Texas Instruments had a net margin of 33.01% and a return on equity of 31.10%. The company’s revenue for the quarter was down 15.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.87 earnings per share. On average, equities research analysts forecast that Texas Instruments Incorporated will post 5.11 EPS for the current year.

Texas Instruments Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 13th. Shareholders of record on Wednesday, July 31st were issued a dividend of $1.30 per share. The ex-dividend date of this dividend was Wednesday, July 31st. This represents a $5.20 dividend on an annualized basis and a yield of 2.63%. Texas Instruments’s dividend payout ratio is presently 81.12%.

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.