Bradley Foster & Sargent Inc. CT Raises Position in Texas Instruments Incorporated (NASDAQ:TXN)

Bradley Foster & Sargent Inc. CT raised its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 7.2% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 66,045 shares of the semiconductor company’s stock after buying an additional 4,443 shares during the quarter. Bradley Foster & Sargent Inc. CT’s holdings in Texas Instruments were worth $12,384,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Howard Capital Management Group LLC bought a new stake in Texas Instruments in the 3rd quarter worth approximately $202,000. Foundations Investment Advisors LLC grew its stake in Texas Instruments by 31.0% in the third quarter. Foundations Investment Advisors LLC now owns 6,473 shares of the semiconductor company’s stock worth $1,337,000 after purchasing an additional 1,531 shares in the last quarter. Eastern Bank purchased a new stake in Texas Instruments in the third quarter worth about $722,000. Private Advisor Group LLC increased its holdings in Texas Instruments by 0.8% during the third quarter. Private Advisor Group LLC now owns 68,249 shares of the semiconductor company’s stock valued at $14,098,000 after buying an additional 572 shares during the period. Finally, Lecap Asset Management Ltd. purchased a new position in shares of Texas Instruments in the 3rd quarter valued at $980,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Insider Activity

In other news, Director Mark A. Blinn sold 590 shares of the business’s stock in a transaction 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 directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ronald Kirk sold 10,539 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $203.33, for a total value of $2,142,894.87. Following the completion of the sale, the director now directly owns 14,323 shares of the company’s stock, valued at $2,912,295.59. This represents a 42.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.68% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have weighed in on TXN shares. Wells Fargo & Company lowered their target price on shares of Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. Rosenblatt Securities reissued a “buy” rating and issued a $250.00 price objective on shares of Texas Instruments in a report on Tuesday, January 21st. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $200.00 price objective on shares of Texas Instruments in a report on Friday, January 24th. Truist Financial decreased their target price on Texas Instruments from $199.00 to $195.00 and set a “hold” rating on the stock in a research report on Friday, January 24th. Finally, Benchmark reissued a “buy” rating and set a $230.00 target price on shares of Texas Instruments in a report on Friday, January 24th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, Texas Instruments currently has an average rating of “Hold” and a consensus price target of $209.20.

Texas Instruments Stock Performance

TXN stock opened at $203.96 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. The stock’s fifty day moving average is $188.23 and its two-hundred day moving average is $197.27. The stock has a market capitalization of $185.67 billion, a price-to-earnings ratio of 39.30, a PEG ratio of 3.17 and a beta of 0.97. Texas Instruments Incorporated has a 1 year low of $159.11 and a 1 year high of $220.38.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share (EPS) for the quarter, beating 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 company posted $1.49 earnings per share. On average, research analysts predict that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Dividend Announcement

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 $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date was Friday, January 31st. Texas Instruments’s dividend payout ratio (DPR) is 104.82%.

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.