Wrapmanager Inc. Has $546,000 Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Wrapmanager Inc. grew its position in Texas Instruments Incorporated (NASDAQ:TXN) by 4.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,912 shares of the semiconductor company’s stock after acquiring an additional 133 shares during the period. Wrapmanager Inc.’s holdings in Texas Instruments were worth $546,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Mengis Capital Management Inc. grew its holdings in shares of Texas Instruments by 22.5% during the fourth quarter. Mengis Capital Management Inc. now owns 1,253 shares of the semiconductor company’s stock worth $235,000 after purchasing an additional 230 shares during the last quarter. Pring Turner Capital Group Inc. lifted its position in Texas Instruments by 4.8% during the 4th quarter. Pring Turner Capital Group Inc. now owns 26,632 shares of the semiconductor company’s stock worth $4,994,000 after buying an additional 1,219 shares in the last quarter. BankPlus Trust Department acquired a new position in Texas Instruments during the 4th quarter worth about $3,250,000. Edge Capital Group LLC grew its holdings in Texas Instruments by 12.1% during the 4th quarter. Edge Capital Group LLC now owns 6,843 shares of the semiconductor company’s stock worth $1,283,000 after acquiring an additional 738 shares during the last quarter. Finally, Crestwood Advisors Group LLC increased its position in Texas Instruments by 0.6% in the 4th quarter. Crestwood Advisors Group LLC now owns 39,083 shares of the semiconductor company’s stock valued at $7,328,000 after acquiring an additional 242 shares in the last quarter. 84.99% of the stock is owned by institutional investors and hedge funds.

Texas Instruments Trading Down 0.6 %

NASDAQ:TXN opened at $200.74 on Tuesday. 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 business’s 50-day simple moving average is $188.67 and its 200-day simple moving average is $197.64. Texas Instruments Incorporated has a fifty-two week low of $159.11 and a fifty-two week high of $220.38. The stock has a market capitalization of $182.74 billion, a PE ratio of 38.68, a price-to-earnings-growth ratio of 3.30 and a beta of 0.97.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share for the quarter, beating analysts’ consensus estimates 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 earned $1.49 EPS. Sell-side analysts expect that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st were paid a $1.36 dividend. This represents a $5.44 annualized dividend and a dividend yield of 2.71%. The ex-dividend date was Friday, January 31st. Texas Instruments’s dividend payout ratio is 104.82%.

Insider Activity

In other Texas Instruments news, Director Mark A. Blinn sold 590 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $180.71, for a total value of $106,618.90. Following the sale, the director now owns 11,717 shares in the company, valued at approximately $2,117,379.07. The trade was a 4.79 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.68% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on TXN. Barclays reduced their target price on shares of Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating on the stock in a research report on Friday, January 24th. Benchmark reiterated a “buy” rating and issued a $230.00 price objective on shares of Texas Instruments in a research report on Friday, January 24th. Truist Financial lowered their target price on Texas Instruments from $199.00 to $195.00 and set a “hold” rating for the company in a research note on Friday, January 24th. Wells Fargo & Company cut their price target on Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating on the stock in a research note on Monday, January 13th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and issued a $200.00 price objective on shares of Texas Instruments in a research report on Friday, January 24th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Texas Instruments currently has an average rating of “Hold” and a consensus price target of $209.20.

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.