Blue Trust Inc. Purchases 6,234 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Blue Trust Inc. increased its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 35.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 23,860 shares of the semiconductor company’s stock after purchasing an additional 6,234 shares during the quarter. Blue Trust Inc.’s holdings in Texas Instruments were worth $4,929,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in TXN. Kathmere Capital Management LLC purchased a new stake in shares of Texas Instruments in the 2nd quarter valued at about $259,000. Ascent Group LLC lifted its position in Texas Instruments by 3.5% during the second quarter. Ascent Group LLC now owns 2,442 shares of the semiconductor company’s stock valued at $475,000 after purchasing an additional 83 shares during the last quarter. Creative Planning lifted its position in Texas Instruments by 12.5% during the second quarter. Creative Planning now owns 197,046 shares of the semiconductor company’s stock valued at $38,331,000 after purchasing an additional 21,946 shares during the last quarter. Northeast Financial Consultants Inc lifted its position in Texas Instruments by 2.4% during the second quarter. Northeast Financial Consultants Inc now owns 11,874 shares of the semiconductor company’s stock valued at $2,310,000 after purchasing an additional 274 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its position in Texas Instruments by 0.7% during the second quarter. NewEdge Advisors LLC now owns 60,679 shares of the semiconductor company’s stock valued at $11,804,000 after purchasing an additional 425 shares during the last quarter. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Ronald Kirk sold 10,539 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $203.33, for a total transaction 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.68% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on TXN. Wells Fargo & Company dropped 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 report on Monday, January 13th. Evercore ISI lifted their target price on shares of Texas Instruments from $268.00 to $298.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Robert W. Baird dropped their target price on shares of Texas Instruments from $200.00 to $175.00 and set a “neutral” rating for the company in a research report on Wednesday, October 23rd. Barclays lowered their price objective on shares of Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating for the company in a report on Friday. Finally, Summit Insights upgraded shares of Texas Instruments from a “hold” rating to a “buy” rating in a report on Wednesday, October 23rd. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $209.20.

Texas Instruments Stock Down 7.5 %

Shares of Texas Instruments stock opened at $185.52 on Monday. The company has a current ratio of 4.31, a quick ratio of 3.14 and a debt-to-equity ratio of 0.74. The company’s fifty day simple moving average is $193.38 and its two-hundred day simple moving average is $199.46. The company has a market cap of $169.24 billion, a P/E ratio of 34.48, a PEG ratio of 3.84 and a beta of 0.98. Texas Instruments Incorporated has a 12-month low of $155.46 and a 12-month high of $220.38.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data 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 net margin of 31.60% and a return on equity of 29.05%. During the same quarter in the prior year, the company posted $1.49 EPS. Research analysts anticipate that Texas Instruments Incorporated will post 5.08 EPS for the current year.

Texas Instruments Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st will be issued a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date is Friday, January 31st. Texas Instruments’s dividend payout ratio (DPR) is presently 101.12%.

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.