Patron Partners LLC Has $794,000 Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Patron Partners LLC raised its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 2.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,236 shares of the semiconductor company’s stock after buying an additional 94 shares during the quarter. Patron Partners LLC’s holdings in Texas Instruments were worth $794,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Trust Point Inc. increased its position in Texas Instruments by 9.9% during the 4th quarter. Trust Point Inc. now owns 8,069 shares of the semiconductor company’s stock worth $1,513,000 after buying an additional 728 shares during the period. Alliance Wealth Advisors LLC UT increased its position in shares of Texas Instruments by 1.4% during the fourth quarter. Alliance Wealth Advisors LLC UT now owns 15,219 shares of the semiconductor company’s stock worth $2,854,000 after buying an additional 208 shares during the period. Financial Life Planners bought a new stake in shares of Texas Instruments in the 4th quarter valued at $26,000. Chicago Capital LLC raised its holdings in shares of Texas Instruments by 22.3% during the fourth quarter. Chicago Capital LLC now owns 10,009 shares of the semiconductor company’s stock valued at $1,877,000 after purchasing an additional 1,823 shares during the period. Finally, Willis Investment Counsel grew its stake in Texas Instruments by 0.4% in the fourth quarter. Willis Investment Counsel now owns 252,895 shares of the semiconductor company’s stock valued at $47,420,000 after acquiring an additional 1,022 shares during the period. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Texas Instruments Price Performance

Shares of NASDAQ TXN opened at $180.94 on Tuesday. The firm has a 50-day simple moving average of $191.69 and a 200-day simple moving average of $198.75. The company has a quick ratio of 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $165.06 billion, a price-to-earnings ratio of 34.86, a price-to-earnings-growth ratio of 2.94 and a beta of 0.97. Texas Instruments Incorporated has a 52 week low of $155.46 and a 52 week high of $220.38.

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, beating 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 previous year, the firm posted $1.49 earnings per share. On average, equities analysts predict that Texas Instruments Incorporated will post 5.42 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 11th. Investors of record on Friday, January 31st will be paid a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a yield of 3.01%. The ex-dividend date is Friday, January 31st. Texas Instruments’s dividend payout ratio (DPR) is 104.82%.

Insiders Place Their Bets

In other news, Director Ronald Kirk sold 10,539 shares of the company’s stock in a transaction dated 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 owns 14,323 shares in the company, valued at approximately $2,912,295.59. This represents a 42.39 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.68% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on TXN. Robert W. Baird reduced their price target on shares of Texas Instruments from $200.00 to $175.00 and set a “neutral” rating for the company in a research report on Wednesday, October 23rd. Evercore ISI raised their price objective on shares of Texas Instruments from $268.00 to $298.00 and gave the company an “outperform” 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. Truist Financial dropped their price objective on Texas Instruments from $199.00 to $195.00 and set a “hold” rating for the company in a research note on Friday, January 24th. Finally, Susquehanna decreased their price target on shares of Texas Instruments from $250.00 to $240.00 and set a “positive” rating on the stock in a research note on Monday, October 21st. Two 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 data from MarketBeat, Texas Instruments currently has a consensus rating of “Hold” and a consensus target price of $209.20.

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.