Texas Instruments Incorporated (NASDAQ:TXN) Shares Bought by Laffer Tengler Investments Inc.

Laffer Tengler Investments Inc. grew its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 17.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 37,915 shares of the semiconductor company’s stock after acquiring an additional 5,727 shares during the quarter. Texas Instruments comprises approximately 1.4% of Laffer Tengler Investments Inc.’s investment portfolio, making the stock its 25th biggest position. Laffer Tengler Investments Inc.’s holdings in Texas Instruments were worth $7,109,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of TXN. Financial Life Planners acquired a new stake in Texas Instruments during the fourth quarter worth about $26,000. Retirement Wealth Solutions LLC purchased a new stake in shares of Texas Instruments in the 4th quarter valued at approximately $27,000. MidAtlantic Capital Management Inc. acquired a new stake in shares of Texas Instruments during the 3rd quarter worth approximately $28,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Texas Instruments during the 4th quarter worth approximately $28,000. Finally, Capital Performance Advisors LLP purchased a new stake in shares of Texas Instruments during the 3rd quarter valued at approximately $39,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Texas Instruments Trading Up 0.2 %

NASDAQ:TXN opened at $194.84 on Wednesday. Texas Instruments Incorporated has a 12-month low of $159.11 and a 12-month high of $220.38. The firm has a market cap of $177.37 billion, a PE ratio of 37.54, a price-to-earnings-growth ratio of 3.30 and a beta of 0.97. The company has a current ratio of 4.12, a quick ratio of 2.88 and a debt-to-equity ratio of 0.76. The stock has a fifty day moving average price of $189.62 and a 200 day moving average price of $197.60.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate 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 period in the previous year, the firm posted $1.49 earnings per share. Sell-side analysts anticipate that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders 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 2.79%. The ex-dividend date of this dividend was Friday, January 31st. Texas Instruments’s dividend payout ratio is presently 104.82%.

Insider Activity

In related news, Director Mark A. Blinn sold 590 shares of the company’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 completion of the transaction, the director now directly owns 11,717 shares of the company’s stock, valued at $2,117,379.07. This represents a 4.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Richard K. Templeton sold 97,000 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $202.72, for a total transaction of $19,663,840.00. Following the completion of the transaction, the chairman now owns 409,089 shares in the company, valued at $82,930,522.08. This represents a 19.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 297,655 shares of company stock worth $59,841,304. 0.68% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on TXN shares. Mizuho lowered their price objective on Texas Instruments from $200.00 to $190.00 and set a “neutral” rating for the company in a research report on Friday, January 24th. Truist Financial lowered their price target on Texas Instruments from $199.00 to $195.00 and set a “hold” rating for the company in a report on Friday, January 24th. Cantor Fitzgerald restated a “neutral” rating and issued a $200.00 price objective on shares of Texas Instruments in a report on Friday, January 24th. Barclays lowered their target price on shares of Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating for the company in a research note on Friday, January 24th. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $250.00 price target on shares of Texas Instruments in a research report on Tuesday, January 21st. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $209.20.

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.