PFG Advisors Grows Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

PFG Advisors boosted its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 57.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 5,465 shares of the semiconductor company’s stock after purchasing an additional 2,005 shares during the quarter. PFG Advisors’ holdings in Texas Instruments were worth $1,025,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of TXN. Howard Capital Management Group LLC purchased a new stake in Texas Instruments during the 3rd quarter valued at about $202,000. GSA Capital Partners LLP purchased a new stake in Texas Instruments during the 3rd quarter valued at about $872,000. Ashton Thomas Private Wealth LLC grew its position in Texas Instruments by 7.8% during the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 3,289 shares of the semiconductor company’s stock valued at $679,000 after purchasing an additional 239 shares during the last quarter. First Heartland Consultants Inc. purchased a new stake in Texas Instruments during the 3rd quarter valued at about $208,000. Finally, Aptus Capital Advisors LLC grew its position in Texas Instruments by 10.3% during the 3rd quarter. Aptus Capital Advisors LLC now owns 7,681 shares of the semiconductor company’s stock valued at $1,587,000 after purchasing an additional 717 shares during the last quarter. 84.99% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Texas Instruments

In related news, Director Mark A. Blinn sold 590 shares of the firm’s stock in a transaction on Tuesday, February 4th. The shares were 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 approximately $2,117,379.07. This trade represents a 4.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Richard K. Templeton sold 97,000 shares of the firm’s stock in a transaction on 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 completion of the transaction, the chairman now directly owns 409,089 shares of the company’s stock, valued at approximately $80,872,804.41. This trade represents a 19.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 297,655 shares of company stock valued at $59,841,304 in the last three months. 0.57% of the stock is currently owned by corporate insiders.

Texas Instruments Price Performance

NASDAQ TXN opened at $173.60 on Friday. The company has a current ratio of 4.12, a quick ratio of 2.88 and a debt-to-equity ratio of 0.76. Texas Instruments Incorporated has a 12 month low of $159.11 and a 12 month high of $220.38. The company’s 50 day moving average is $188.89 and its two-hundred day moving average is $196.69. The stock has a market cap of $157.96 billion, a price-to-earnings ratio of 33.45, a PEG ratio of 3.30 and a beta of 0.98.

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 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 quarter last year, the company posted $1.49 earnings per share. As a group, research analysts anticipate that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st were issued a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date was Friday, January 31st. Texas Instruments’s dividend payout ratio (DPR) is currently 104.82%.

Analyst Upgrades and Downgrades

TXN has been the topic of several research analyst reports. Mizuho lowered their target price on shares of Texas Instruments from $200.00 to $190.00 and set a “neutral” rating on the stock in a research note on Friday, January 24th. Benchmark restated a “buy” rating and set a $230.00 target price on shares of Texas Instruments in a research note 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 on the stock in a research note on Friday, January 24th. Truist Financial lowered their target price on shares of Texas Instruments from $199.00 to $195.00 and set a “hold” rating on the stock in a research note on Friday, January 24th. Finally, Wells Fargo & Company lowered their target price on shares of Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating on the stock in a research note on Monday, January 13th. 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 company’s stock. According to MarketBeat.com, Texas Instruments currently has a consensus rating of “Hold” and a consensus price target of $209.20.

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.