Avity Investment Management Inc. Purchases 28,597 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Avity Investment Management Inc. boosted its position in Texas Instruments Incorporated (NASDAQ:TXN) by 16.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 199,926 shares of the semiconductor company’s stock after buying an additional 28,597 shares during the quarter. Texas Instruments makes up about 2.9% of Avity Investment Management Inc.’s portfolio, making the stock its 20th biggest position. Avity Investment Management Inc.’s holdings in Texas Instruments were worth $34,829,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Tennessee Valley Asset Management Partners acquired a new position in shares of Texas Instruments during the 4th quarter worth $25,000. Life Planning Partners Inc bought a new position in shares of Texas Instruments during the 4th quarter valued at approximately $26,000. Richardson Financial Services Inc. bought a new stake in shares of Texas Instruments in the fourth quarter valued at approximately $26,000. Scarborough Advisors LLC purchased a new stake in shares of Texas Instruments in the fourth quarter worth about $26,000. Finally, Westend Capital Management LLC purchased a new stake in shares of Texas Instruments in the 1st quarter valued at about $31,000. Institutional investors own 84.99% of the company’s stock.

Texas Instruments Stock Performance

NASDAQ TXN traded up $1.10 during trading hours on Friday, hitting $194.53. 8,860,990 shares of the stock were exchanged, compared to its average volume of 4,647,702. Texas Instruments Incorporated has a 12-month low of $139.48 and a 12-month high of $206.00. The stock has a 50-day moving average of $190.26 and a 200 day moving average of $175.16. The company has a market cap of $177.12 billion, a price-to-earnings ratio of 30.35, a price-to-earnings-growth ratio of 4.19 and a beta of 1.00. The company has a quick ratio of 3.76, a current ratio of 4.91 and a debt-to-equity ratio of 0.76.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. Texas Instruments had a return on equity of 35.28% and a net margin of 35.16%. The business had revenue of $3.66 billion during the quarter, compared to analysts’ expectations of $3.61 billion. During the same quarter last year, the business posted $1.85 earnings per share. The business’s revenue for the quarter was down 16.4% on a year-over-year basis. As a group, equities research analysts forecast that Texas Instruments Incorporated will post 5.13 earnings per share for the current year.

Texas Instruments Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 21st. Stockholders of record on Wednesday, May 8th were given a dividend of $1.30 per share. The ex-dividend date was Tuesday, May 7th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.67%. Texas Instruments’s payout ratio is currently 81.12%.

Insider Activity

In other news, Director Pamela H. Patsley sold 9,990 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $179.12, for a total transaction of $1,789,408.80. Following the completion of the transaction, the director now directly owns 33,348 shares of the company’s stock, valued at $5,973,293.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Pamela H. Patsley sold 9,990 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $179.12, for a total value of $1,789,408.80. Following the completion of the transaction, the director now owns 33,348 shares of the company’s stock, valued at approximately $5,973,293.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert E. Sanchez sold 10,539 shares of the business’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $174.97, for a total transaction of $1,844,008.83. Following the transaction, the director now owns 20,461 shares in the company, valued at $3,580,061.17. The disclosure for this sale can be found here. Insiders sold 328,969 shares of company stock worth $58,427,984 over the last ninety days. Corporate insiders own 0.68% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on TXN. Barclays raised their target price on shares of Texas Instruments from $150.00 to $190.00 and gave the company an “equal weight” rating in a research note on Monday, May 20th. Truist Financial lifted their price target on Texas Instruments from $165.00 to $167.00 and gave the stock a “hold” rating in a research report on Wednesday, April 24th. Jefferies Financial Group downgraded shares of Texas Instruments from a “buy” rating to a “hold” rating and cut their price objective for the company from $200.00 to $175.00 in a research report on Monday, May 13th. Susquehanna lifted their target price on shares of Texas Instruments from $200.00 to $205.00 and gave the stock a “positive” rating in a report on Wednesday, April 24th. Finally, TD Cowen increased their price target on shares of Texas Instruments from $160.00 to $175.00 and gave the company a “hold” rating in a report on Wednesday, April 24th. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $183.43.

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.