Brooklyn FI LLC Invests $959,000 in Texas Instruments Incorporated (NASDAQ:TXN)

Brooklyn FI LLC bought a new position in Texas Instruments Incorporated (NASDAQ:TXN) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 4,800 shares of the semiconductor company’s stock, valued at approximately $959,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Howard Capital Management Group LLC acquired a new stake in shares of Texas Instruments during the third quarter worth $202,000. Thrivent Financial for Lutherans lifted its stake in Texas Instruments by 1.5% during the third quarter. Thrivent Financial for Lutherans now owns 74,305 shares of the semiconductor company’s stock valued at $15,349,000 after buying an additional 1,095 shares in the last quarter. Quest Partners LLC acquired a new position in shares of Texas Instruments in the third quarter worth about $226,000. Pathstone Holdings LLC increased its position in shares of Texas Instruments by 0.4% in the third quarter. Pathstone Holdings LLC now owns 115,949 shares of the semiconductor company’s stock worth $23,952,000 after acquiring an additional 474 shares in the last quarter. Finally, Prospera Financial Services Inc raised its holdings in shares of Texas Instruments by 16.8% during the third quarter. Prospera Financial Services Inc now owns 18,002 shares of the semiconductor company’s stock valued at $3,721,000 after acquiring an additional 2,593 shares during the period. 84.99% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have weighed in on TXN shares. Benchmark reiterated a “buy” rating and set a $230.00 price objective on shares of Texas Instruments in a research report on Friday, January 24th. Barclays dropped their price target on Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating on the stock in a research report on Friday, January 24th. Wells Fargo & Company decreased 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. Rosenblatt Securities reissued a “buy” rating and issued a $250.00 price target on shares of Texas Instruments in a research report on Tuesday, January 21st. Finally, Truist Financial decreased 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, January 24th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $209.20.

Texas Instruments Trading Up 1.3 %

Shares of NASDAQ:TXN opened at $181.74 on Thursday. Texas Instruments Incorporated has a 52-week low of $159.11 and a 52-week high of $220.39. 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 company has a market cap of $165.37 billion, a P/E ratio of 35.02, a P/E/G ratio of 3.30 and a beta of 0.97. The stock’s 50-day moving average is $187.91 and its 200-day moving average is $195.72.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results 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 company posted $1.49 EPS. Equities research analysts predict that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st were issued a dividend of $1.36 per share. The ex-dividend date of this dividend was Friday, January 31st. This represents a $5.44 annualized dividend and a dividend yield of 2.99%. Texas Instruments’s payout ratio is 104.82%.

Insider Activity

In other Texas Instruments news, Director Janet F. Clark sold 6,065 shares of the business’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $203.62, for a total value of $1,234,955.30. Following the sale, the director now owns 10,816 shares of the company’s stock, valued at $2,202,353.92. The trade was a 35.93 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman Richard K. Templeton sold 97,000 shares of Texas Instruments stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $202.72, for a total transaction of $19,663,840.00. Following the sale, the chairman now owns 409,089 shares in the company, valued at approximately $82,930,522.08. This trade represents a 19.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 297,655 shares of company stock valued at $59,841,304. Insiders own 0.57% 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.