Advyzon Investment Management LLC acquired a new position in shares of Texas Instruments Incorporated (NASDAQ:TXN – Free Report) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 2,158 shares of the semiconductor company’s stock, valued at approximately $405,000.
Several other hedge funds have also recently bought and sold shares of the stock. Handelsbanken Fonder AB grew its holdings in shares of Texas Instruments by 12.1% during the fourth quarter. Handelsbanken Fonder AB now owns 407,808 shares of the semiconductor company’s stock worth $76,468,000 after purchasing an additional 44,144 shares during the last quarter. Mcdaniel Terry & Co. grew its holdings in shares of Texas Instruments by 0.7% during the fourth quarter. Mcdaniel Terry & Co. now owns 85,286 shares of the semiconductor company’s stock worth $15,992,000 after purchasing an additional 551 shares during the last quarter. Jacobson & Schmitt Advisors LLC grew its holdings in shares of Texas Instruments by 10.3% during the fourth quarter. Jacobson & Schmitt Advisors LLC now owns 51,533 shares of the semiconductor company’s stock worth $9,663,000 after purchasing an additional 4,810 shares during the last quarter. Abacus Planning Group Inc. grew its holdings in shares of Texas Instruments by 4.7% during the fourth quarter. Abacus Planning Group Inc. now owns 1,841 shares of the semiconductor company’s stock worth $345,000 after purchasing an additional 83 shares during the last quarter. Finally, Emerald Advisors LLC grew its holdings in shares of Texas Instruments by 3.2% during the fourth quarter. Emerald Advisors LLC now owns 5,042 shares of the semiconductor company’s stock worth $945,000 after purchasing an additional 155 shares during the last quarter. 84.99% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several analysts have recently commented on TXN shares. Mizuho decreased their target price on Texas Instruments from $200.00 to $190.00 and set a “neutral” rating on the stock in a report on Friday, January 24th. Bank of America decreased their target price on Texas Instruments from $220.00 to $215.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. Robert W. Baird decreased their price target on Texas Instruments from $200.00 to $175.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. Evercore ISI raised their price target on Texas Instruments from $268.00 to $298.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Finally, Cantor Fitzgerald reiterated a “neutral” rating and issued a $200.00 price target on shares of Texas Instruments in a report on Friday, January 24th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, Texas Instruments currently has an average rating of “Hold” and a consensus target price of $209.20.
Texas Instruments Trading Up 5.3 %
NASDAQ TXN opened at $196.32 on Thursday. Texas Instruments Incorporated has a one year low of $159.11 and a one year high of $220.38. 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 firm has a market cap of $179.09 billion, a P/E ratio of 37.83, a P/E/G ratio of 3.02 and a beta of 0.97. The stock’s 50-day moving average is $187.99 and its 200-day moving average is $197.23.
Texas Instruments (NASDAQ:TXN – Get Free Report) last announced its earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 EPS for the quarter, topping 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 quarter in the prior year, the company posted $1.49 EPS. Sell-side analysts anticipate that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.
Texas Instruments Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Friday, January 31st were paid a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a yield of 2.77%. 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, Director Ronald Kirk sold 10,539 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $203.33, for a total value of $2,142,894.87. Following the sale, the director now owns 14,323 shares in the company, valued at approximately $2,912,295.59. The trade was a 42.39 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Mark A. Blinn sold 590 shares of the business’s stock in a transaction that occurred on 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 sale, the director now owns 11,717 shares in the company, valued at $2,117,379.07. The trade was a 4.79 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.68% of the company’s stock.
Texas Instruments Company 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.
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