HighPoint Advisor Group LLC Has $5.12 Million Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

HighPoint Advisor Group LLC boosted its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 1.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 28,554 shares of the semiconductor company’s stock after buying an additional 294 shares during the quarter. HighPoint Advisor Group LLC’s holdings in Texas Instruments were worth $5,120,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in shares of Texas Instruments by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 93,567,277 shares of the semiconductor company’s stock worth $17,544,800,000 after acquiring an additional 649,620 shares during the last quarter. State Street Corp boosted its position in Texas Instruments by 0.9% during the third quarter. State Street Corp now owns 41,679,234 shares of the semiconductor company’s stock worth $8,609,679,000 after purchasing an additional 391,306 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Texas Instruments by 11.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 21,487,468 shares of the semiconductor company’s stock valued at $4,029,115,000 after purchasing an additional 2,237,035 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Texas Instruments by 2.3% in the third quarter. Geode Capital Management LLC now owns 21,286,790 shares of the semiconductor company’s stock valued at $4,382,936,000 after purchasing an additional 487,892 shares during the period. Finally, Norges Bank acquired a new stake in shares of Texas Instruments during the 4th quarter worth about $2,584,490,000. Institutional investors own 84.99% of the company’s stock.

Wall Street Analyst Weigh In

TXN has been the topic of a number of research reports. Truist Financial decreased their price target 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. Benchmark restated a “buy” rating and set a $230.00 price objective on shares of Texas Instruments in a report on Friday, January 24th. Mizuho lowered their target price on Texas Instruments from $200.00 to $190.00 and set a “neutral” rating on the stock in a research note on Friday, January 24th. Cantor Fitzgerald restated a “neutral” rating and issued a $200.00 price target on shares of Texas Instruments in a research note on Friday, January 24th. Finally, Wells Fargo & Company lowered their price objective on Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Texas Instruments has a consensus rating of “Hold” and an average price target of $209.20.

Insider Activity at Texas Instruments

In related news, Chairman Richard K. Templeton sold 97,000 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $202.72, for a total value of $19,663,840.00. Following the completion of the transaction, the chairman now owns 409,089 shares in the company, valued at $82,930,522.08. This trade represents a 19.17 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mark A. Blinn sold 590 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $180.71, for a total transaction of $106,618.90. Following the sale, 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. Insiders have sold a total of 297,655 shares of company stock valued at $59,841,304 in the last 90 days. 0.57% of the stock is owned by corporate insiders.

Texas Instruments Price Performance

Texas Instruments stock opened at $176.33 on Monday. The stock has a fifty day moving average of $186.45 and a 200-day moving average of $194.62. The stock has a market capitalization of $160.45 billion, a P/E ratio of 33.97, a price-to-earnings-growth 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 Incorporated has a 52 week low of $159.11 and a 52 week high of $220.39.

Texas Instruments (NASDAQ:TXN) last posted its earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 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 period in the previous year, the company earned $1.49 earnings per share. On average, sell-side analysts expect that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st were paid a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a dividend yield of 3.09%. The ex-dividend date of this dividend was Friday, January 31st. Texas Instruments’s payout ratio is 104.82%.

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.