Freestone Capital Holdings LLC Raises Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Freestone Capital Holdings LLC boosted its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 1.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 73,574 shares of the semiconductor company’s stock after buying an additional 726 shares during the quarter. Freestone Capital Holdings LLC’s holdings in Texas Instruments were worth $13,796,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Washington Trust Advisors Inc. increased its holdings in Texas Instruments by 4.6% during the fourth quarter. Washington Trust Advisors Inc. now owns 2,116 shares of the semiconductor company’s stock valued at $397,000 after buying an additional 93 shares during the period. Raymond James Financial Inc. purchased a new position in Texas Instruments in the fourth quarter worth $295,665,000. Promus Capital LLC purchased a new position in Texas Instruments in the fourth quarter worth $25,000. First Business Financial Services Inc. grew its holdings in Texas Instruments by 4.0% in the fourth quarter. First Business Financial Services Inc. now owns 12,642 shares of the semiconductor company’s stock worth $2,371,000 after purchasing an additional 486 shares during the last quarter. Finally, Vision Financial Markets LLC purchased a new position in Texas Instruments in the fourth quarter worth $286,000. 84.99% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Mark A. Blinn sold 590 shares of the company’s stock in a transaction dated 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 sale, the director now owns 11,717 shares of the company’s stock, valued at approximately $2,117,379.07. This represents a 4.79 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Richard K. Templeton sold 97,000 shares of the company’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $197.69, for a total transaction of $19,175,930.00. Following the sale, the chairman now directly owns 409,089 shares of the company’s stock, valued at approximately $80,872,804.41. This represents a 19.17 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 297,655 shares of company stock worth $59,841,304 in the last 90 days. Insiders own 0.68% of the company’s stock.

Wall Street Analysts Forecast Growth

TXN has been the topic of several analyst reports. Benchmark reaffirmed a “buy” rating and issued a $230.00 price target on shares of Texas Instruments in a report on Friday, January 24th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $250.00 price target on shares of Texas Instruments in a report on Tuesday, January 21st. Wells Fargo & Company cut their price target on shares of Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. Truist Financial cut their price target on shares of Texas Instruments from $199.00 to $195.00 and set a “hold” rating on the stock in a report on Friday, January 24th. Finally, Mizuho dropped their price objective on shares of Texas Instruments from $200.00 to $190.00 and set a “neutral” rating on the stock in a 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 assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $209.20.

Texas Instruments Trading Up 0.4 %

NASDAQ TXN opened at $195.57 on Thursday. The company has a market capitalization of $178.03 billion, a PE ratio of 37.68, a P/E/G ratio of 3.30 and a beta of 0.97. The company has a fifty day moving average of $189.69 and a 200 day moving average of $197.59. Texas Instruments Incorporated has a 1 year low of $159.11 and a 1 year high of $220.38. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.12 and a quick ratio of 2.88.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share for the quarter, topping 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 in the prior year, the company earned $1.49 earnings per share. Research analysts forecast that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Friday, January 31st were given a dividend of $1.36 per share. The ex-dividend date was Friday, January 31st. This represents a $5.44 annualized dividend and a dividend yield of 2.78%. Texas Instruments’s dividend payout ratio (DPR) is presently 104.82%.

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.