BankPlus Wealth Management LLC Acquires New Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

BankPlus Wealth Management LLC bought a new position in shares of Texas Instruments Incorporated (NASDAQ:TXN) in the 4th quarter, HoldingsChannel reports. The fund bought 4,226 shares of the semiconductor company’s stock, valued at approximately $792,000. Texas Instruments makes up 0.6% of BankPlus Wealth Management LLC’s portfolio, making the stock its 29th biggest holding.

A number of other institutional investors have also 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 $259,000. Ascent Group LLC increased its stake in Texas Instruments by 3.5% during the second quarter. Ascent Group LLC now owns 2,442 shares of the semiconductor company’s stock worth $475,000 after purchasing an additional 83 shares during the period. Creative Planning lifted its position in shares of Texas Instruments by 12.5% during the second quarter. Creative Planning now owns 197,046 shares of the semiconductor company’s stock worth $38,331,000 after purchasing an additional 21,946 shares in the last quarter. NewEdge Advisors LLC boosted its stake in shares of Texas Instruments by 0.7% in 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 period. Finally, Kimelman & Baird LLC acquired a new position in shares of Texas Instruments in the second quarter valued at approximately $292,000. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TXN has been the subject of several research reports. Susquehanna dropped their price target on shares of Texas Instruments from $250.00 to $240.00 and set a “positive” rating for the company in a research note on Monday, October 21st. Truist Financial lowered their price target on shares of Texas Instruments from $199.00 to $195.00 and set a “hold” rating for the company in a report on Friday. Benchmark reiterated a “buy” rating and set a $230.00 target price on shares of Texas Instruments in a research note on Friday. Rosenblatt Securities restated a “buy” rating and issued a $250.00 price target on shares of Texas Instruments in a research note on Tuesday, January 21st. Finally, Barclays lowered their price objective on Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating for the company in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $209.20.

Insider Buying and Selling

In other news, Director Ronald Kirk sold 10,539 shares of the business’s stock in a transaction dated 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 transaction, the director now directly owns 14,323 shares in the company, valued at $2,912,295.59. The trade was a 42.39 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.68% of the company’s stock.

Texas Instruments Trading Up 0.8 %

Shares of Texas Instruments stock opened at $187.03 on Tuesday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 3.14 and a current ratio of 4.31. The company has a market capitalization of $170.61 billion, a P/E ratio of 34.76, a PEG ratio of 3.84 and a beta of 0.98. Texas Instruments Incorporated has a 1 year low of $155.46 and a 1 year high of $220.38. The company’s fifty day moving average is $193.38 and its two-hundred day moving average is $199.43.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.10. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. During the same quarter last year, the company earned $1.49 EPS. Analysts forecast that Texas Instruments Incorporated will post 5.08 earnings per share for the current year.

Texas Instruments Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st will be paid a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a dividend yield of 2.91%. The ex-dividend date of this dividend is Friday, January 31st. Texas Instruments’s dividend payout ratio (DPR) is presently 101.12%.

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.