Strategic Financial Concepts LLC Acquires New Shares in Texas Instruments Incorporated (NASDAQ:TXN)

Strategic Financial Concepts LLC acquired a new stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 125,693 shares of the semiconductor company’s stock, valued at approximately $23,569,000. Texas Instruments accounts for about 0.7% of Strategic Financial Concepts LLC’s investment portfolio, making the stock its 16th biggest holding.

Other institutional investors also recently added to or reduced their stakes in the company. Principal Securities Inc. raised its position in Texas Instruments by 16.5% during the fourth quarter. Principal Securities Inc. now owns 16,849 shares of the semiconductor company’s stock valued at $3,159,000 after buying an additional 2,387 shares during the period. bLong Financial LLC acquired a new position in Texas Instruments during the fourth quarter valued at $263,000. Legacy Capital Wealth Partners LLC raised its position in Texas Instruments by 6.6% during the fourth quarter. Legacy Capital Wealth Partners LLC now owns 4,202 shares of the semiconductor company’s stock valued at $788,000 after buying an additional 260 shares during the period. Congress Asset Management Co. acquired a new position in Texas Instruments during the fourth quarter valued at $1,329,000. Finally, Roxbury Financial LLC acquired a new position in Texas Instruments during the fourth quarter valued at $57,000. Institutional investors and hedge funds own 84.99% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on TXN. Barclays lowered their target price on Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating on the stock in a research note on Friday, January 24th. Summit Insights upgraded Texas Instruments from a “hold” rating to a “buy” rating in a research note on Wednesday, October 23rd. Susquehanna lowered their target price on Texas Instruments from $250.00 to $240.00 and set a “positive” rating on the stock in a research note on Monday, October 21st. Morgan Stanley boosted their target price on Texas Instruments from $154.00 to $167.00 and gave the company an “underweight” rating in a research note on Wednesday, October 23rd. Finally, Benchmark restated a “buy” rating and issued a $230.00 target price on shares of Texas Instruments in a research note on Friday, January 24th. Two 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 stock. Based on data from MarketBeat.com, Texas Instruments currently has an average rating of “Hold” and an average price target of $209.20.

Texas Instruments Trading Up 1.2 %

Texas Instruments stock opened at $183.03 on Friday. Texas Instruments Incorporated has a 52 week low of $158.90 and a 52 week high of $220.38. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.88 and a current ratio of 4.12. The stock has a market capitalization of $166.96 billion, a P/E ratio of 35.27, a PEG ratio of 2.95 and a beta of 0.97. The stock has a 50-day simple moving average of $188.18 and a 200 day simple moving average of $197.38.

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, topping analysts’ consensus estimates 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 quarter in the previous year, the firm earned $1.49 earnings per share. Analysts expect that Texas Instruments Incorporated will post 5.38 earnings per share for the current year.

Texas Instruments Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st were given a $1.36 dividend. The ex-dividend date was Friday, January 31st. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.97%. Texas Instruments’s payout ratio is 104.82%.

Insider Buying and Selling at Texas Instruments

In other news, Director Mark A. Blinn sold 590 shares of the company’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $180.71, for a total transaction of $106,618.90. Following the completion of the transaction, the director now directly owns 11,717 shares in the company, valued at approximately $2,117,379.07. This represents a 4.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ronald Kirk sold 10,539 shares of the business’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $203.33, for a total transaction of $2,142,894.87. Following the completion of the sale, the director now directly owns 14,323 shares in the company, valued at approximately $2,912,295.59. This represents a 42.39 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.68% of the company’s stock.

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.