By otakuyassine3@gmail.com 
DAVENPORT & Co LLC boosted its position in shares of Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 1.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 47,873 shares of the semiconductor company’s stock after acquiring an additional 541 shares during the quarter. DAVENPORT & Co LLC’s holdings in Texas Instruments were worth $8,977,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. MidAtlantic Capital Management Inc. purchased a new position in shares of Texas Instruments in the third quarter worth approximately $28,000. Retirement Wealth Solutions LLC bought a new stake in shares of Texas Instruments during the 4th quarter valued at $27,000. Tsfg LLC increased its stake in shares of Texas Instruments by 82.0% in the 3rd quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock worth $38,000 after purchasing an additional 82 shares in the last quarter. Capital Performance Advisors LLP bought a new position in Texas Instruments in the 3rd quarter worth $39,000. Finally, FSA Wealth Management LLC purchased a new position in Texas Instruments during the third quarter valued at $41,000. Institutional investors own 84.99% of the company’s stock.
Analyst Upgrades and Downgrades
Several research analysts have recently commented on TXN shares. Susquehanna decreased their price objective on Texas Instruments from $250.00 to $240.00 and set a “positive” rating on the stock in a research note on Monday, October 21st. Morgan Stanley increased their price objective on shares of Texas Instruments from $154.00 to $167.00 and gave the stock an “underweight” rating in a research note on Wednesday, October 23rd. Summit Insights upgraded shares of Texas Instruments from a “hold” rating to a “buy” rating in a research note on Wednesday, October 23rd. Cantor Fitzgerald reissued a “neutral” rating and set a $200.00 price target on shares of Texas Instruments in a report on Friday, January 24th. Finally, Evercore ISI upped their price objective on Texas Instruments from $268.00 to $298.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Two 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, Texas Instruments has an average rating of “Hold” and a consensus price target of $209.20.
View Our Latest Research Report on Texas Instruments
Texas Instruments Trading Down 0.4 %
Shares of TXN stock opened at $184.61 on Monday. The company has a market cap of $168.40 billion, a PE ratio of 35.57, a price-to-earnings-growth ratio of 2.87 and a beta of 0.98. Texas Instruments Incorporated has a 1 year low of $155.46 and a 1 year high of $220.38. The stock’s 50 day simple moving average is $191.69 and its two-hundred day simple moving average is $198.78. 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 – Get Free Report) last issued its quarterly 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 return on equity of 28.08% and a net margin of 30.68%. During the same period in the prior year, the firm earned $1.49 earnings per share. Research analysts predict that Texas Instruments Incorporated will post 5.42 earnings per share for the current year.
Texas Instruments Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 11th. Investors of record on Friday, January 31st will be given a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date of this dividend is Friday, January 31st. Texas Instruments’s dividend payout ratio (DPR) is currently 104.82%.
Insiders Place Their Bets
In other news, Director Ronald Kirk sold 10,539 shares of Texas Instruments stock in a transaction on Monday, November 25th. The stock was sold at an average price of $203.33, for a total transaction of $2,142,894.87. Following the completion of the sale, the director now directly owns 14,323 shares in the company, valued at approximately $2,912,295.59. This trade represents a 42.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.68% of the stock is owned by 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.
Further Reading
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