Howe & Rusling Inc. Has $497,000 Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Howe & Rusling Inc. increased its position in Texas Instruments Incorporated (NASDAQ:TXN) by 15.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,649 shares of the semiconductor company’s stock after buying an additional 347 shares during the period. Howe & Rusling Inc.’s holdings in Texas Instruments were worth $497,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TXN. Promus Capital LLC acquired a new stake in shares of Texas Instruments in the fourth quarter worth about $25,000. Financial Life Planners acquired a new stake in Texas Instruments in the 4th quarter worth approximately $26,000. Retirement Wealth Solutions LLC bought a new stake in Texas Instruments during the fourth quarter worth approximately $27,000. Kohmann Bosshard Financial Services LLC acquired a new position in Texas Instruments during the fourth quarter valued at approximately $28,000. Finally, Atala Financial Inc acquired a new position in Texas Instruments during the fourth quarter valued at approximately $37,000. Institutional investors own 84.99% of the company’s stock.

Insiders Place Their Bets

In related news, Chairman Richard K. Templeton sold 97,000 shares of Texas Instruments 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 completion of the sale, the chairman now directly owns 409,089 shares in the company, valued at $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 Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Janet F. Clark sold 6,065 shares of the company’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $203.62, for a total transaction of $1,234,955.30. Following the transaction, the director now owns 10,816 shares in the company, valued at approximately $2,202,353.92. The trade was a 35.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 297,655 shares of company stock valued at $59,841,304. 0.57% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

TXN has been the subject of several recent analyst reports. Mizuho decreased their price objective on shares of Texas Instruments from $200.00 to $190.00 and set a “neutral” rating for the company in a report on Friday, January 24th. Benchmark restated a “buy” rating and set 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 research report on Tuesday, January 21st. Barclays cut their price objective on Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating for the company in a research report on Friday, January 24th. Finally, Truist Financial dropped their price target on Texas Instruments from $199.00 to $195.00 and set a “hold” rating on the stock in a research report on Friday, January 24th. Two equities 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 company. According to MarketBeat.com, Texas Instruments presently has an average rating of “Hold” and a consensus target price of $209.20.

Texas Instruments Stock Performance

Shares of NASDAQ:TXN opened at $180.76 on Friday. The stock has a market capitalization of $164.48 billion, a price-to-earnings ratio of 34.83, a price-to-earnings-growth ratio of 3.30 and a beta of 0.98. The business’s fifty day moving average price is $186.77 and its two-hundred day moving average price is $194.89. Texas Instruments Incorporated has a fifty-two week low of $159.11 and a fifty-two week high of $220.39. 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 announced its earnings results 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 net margin of 30.68% and a return on equity of 28.08%. During the same quarter in the previous year, the company posted $1.49 earnings per share. As a group, analysts predict that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st were issued a $1.36 dividend. This represents a $5.44 annualized dividend and a dividend yield of 3.01%. The ex-dividend date of this dividend was Friday, January 31st. Texas Instruments’s payout ratio is currently 104.82%.

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.