Ascent Wealth Partners LLC Acquires 91 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Ascent Wealth Partners LLC lifted its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 1.1% during the fourth quarter, Holdings Channel.com reports. The fund owned 8,573 shares of the semiconductor company’s stock after buying an additional 91 shares during the period. Ascent Wealth Partners LLC’s holdings in Texas Instruments were worth $1,608,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Howard Capital Management Inc. increased its position in shares of Texas Instruments by 3.4% in the fourth quarter. Howard Capital Management Inc. now owns 27,429 shares of the semiconductor company’s stock valued at $5,143,000 after acquiring an additional 908 shares during the last quarter. Wealthspire Advisors LLC grew its holdings in Texas Instruments by 6.4% during the fourth quarter. Wealthspire Advisors LLC now owns 7,474 shares of the semiconductor company’s stock worth $1,402,000 after purchasing an additional 452 shares during the period. TCW Group Inc. grew its holdings in Texas Instruments by 0.7% during the fourth quarter. TCW Group Inc. now owns 48,761 shares of the semiconductor company’s stock worth $9,143,000 after purchasing an additional 321 shares during the period. First Horizon Advisors Inc. grew its holdings in Texas Instruments by 3.4% during the fourth quarter. First Horizon Advisors Inc. now owns 115,533 shares of the semiconductor company’s stock worth $21,664,000 after purchasing an additional 3,807 shares during the period. Finally, Pinnacle Financial Partners Inc grew its holdings in Texas Instruments by 5.8% during the fourth quarter. Pinnacle Financial Partners Inc now owns 11,789 shares of the semiconductor company’s stock worth $2,218,000 after purchasing an additional 644 shares during the period. Institutional investors and hedge funds own 84.99% of the company’s stock.

Texas Instruments Stock Down 1.0 %

Shares of TXN opened at $202.00 on Friday. Texas Instruments Incorporated has a one year low of $159.11 and a one year high of $220.38. The company has a market cap of $183.89 billion, a P/E ratio of 38.92, a P/E/G ratio of 3.30 and a beta of 0.97. 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 50 day simple moving average of $188.44 and a two-hundred day simple moving average of $197.49.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share (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 firm earned $1.49 earnings per share. Research analysts forecast that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal 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 issued a dividend of $1.36 per share. The ex-dividend date was Friday, January 31st. This represents a $5.44 annualized dividend and a dividend yield of 2.69%. Texas Instruments’s dividend payout ratio (DPR) is presently 104.82%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on TXN. Rosenblatt Securities reiterated a “buy” rating and set a $250.00 price target on shares of Texas Instruments in a report on Tuesday, January 21st. Mizuho reduced their price objective on Texas Instruments from $200.00 to $190.00 and set a “neutral” rating for the company in a report on Friday, January 24th. Barclays reduced their price objective 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. Wells Fargo & Company reduced their price objective on Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. Finally, Benchmark restated a “buy” rating and set a $230.00 price objective 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 issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $209.20.

Insider Transactions at Texas Instruments

In related news, Director Ronald Kirk sold 10,539 shares of the stock in a transaction 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 completion of the sale, the director now directly owns 14,323 shares in the company, valued at $2,912,295.59. This represents a 42.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Mark A. Blinn sold 590 shares of the 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 owns 11,717 shares of the company’s stock, valued at $2,117,379.07. The trade was a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.68% of the company’s stock.

Texas Instruments 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.