PDS Planning Inc Grows Position in Texas Instruments Incorporated (NASDAQ:TXN)

PDS Planning Inc grew its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 1.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,863 shares of the semiconductor company’s stock after purchasing an additional 90 shares during the quarter. PDS Planning Inc’s holdings in Texas Instruments were worth $1,099,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in TXN. Howard Capital Management Group LLC purchased a new stake in shares of Texas Instruments during the third quarter valued at approximately $202,000. Atlanta Consulting Group Advisors LLC purchased a new stake in Texas Instruments in the third quarter worth $401,000. Claro Advisors LLC lifted its stake in Texas Instruments by 16.3% in the third quarter. Claro Advisors LLC now owns 2,876 shares of the semiconductor company’s stock worth $594,000 after acquiring an additional 404 shares during the period. Thrivent Financial for Lutherans lifted its stake in Texas Instruments by 1.5% in the third quarter. Thrivent Financial for Lutherans now owns 74,305 shares of the semiconductor company’s stock worth $15,349,000 after acquiring an additional 1,095 shares during the period. Finally, Glass Wealth Management Co LLC lifted its stake in Texas Instruments by 18.8% in the third quarter. Glass Wealth Management Co LLC now owns 10,121 shares of the semiconductor company’s stock worth $2,091,000 after acquiring an additional 1,600 shares during the period. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on the company. Benchmark reaffirmed a “buy” rating and issued a $230.00 price target on shares of Texas Instruments in a research note on Friday, January 24th. Barclays dropped their price target on Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating for the company in a research note on Friday, January 24th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $200.00 price target on shares of Texas Instruments in a research note on Friday, January 24th. Wells Fargo & Company lowered their price objective on 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. Finally, Truist Financial lowered their price objective on Texas Instruments from $199.00 to $195.00 and set a “hold” rating for the company in a research report on Friday, January 24th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $209.20.

Texas Instruments Price Performance

NASDAQ TXN opened at $179.99 on Tuesday. Texas Instruments Incorporated has a one year low of $159.11 and a one year high of $220.39. The stock has a 50-day moving average of $188.36 and a 200 day moving average of $196.07. The company has a market capitalization of $163.78 billion, a price-to-earnings ratio of 34.68, a PEG ratio of 3.30 and a beta of 0.98. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.88 and a current ratio of 4.12.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings data on Thursday, January 23rd. The semiconductor company reported $1.30 EPS for the quarter, topping the consensus estimate 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 period in the prior year, the business posted $1.49 earnings per share. On average, sell-side analysts forecast that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Friday, January 31st were issued a $1.36 dividend. The ex-dividend date of this dividend was Friday, January 31st. This represents a $5.44 annualized dividend and a yield of 3.02%. Texas Instruments’s payout ratio is 104.82%.

Insider Buying and Selling

In other Texas Instruments news, Chairman Richard K. Templeton sold 97,000 shares of the firm’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $202.72, for a total value of $19,663,840.00. Following the transaction, the chairman now directly owns 409,089 shares of the company’s stock, valued at approximately $82,930,522.08. This trade represents a 19.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Mark A. Blinn sold 590 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The stock was 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 in the company, valued at $2,117,379.07. The trade was a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 297,655 shares of company stock worth $59,841,304. 0.57% of the stock is owned by corporate insiders.

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.