Congress Asset Management Co. Invests $1.33 Million in Texas Instruments Incorporated (NASDAQ:TXN)

Congress Asset Management Co. purchased a new stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 7,089 shares of the semiconductor company’s stock, valued at approximately $1,329,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Financial Life Planners bought a new stake in Texas Instruments during the 4th quarter valued at approximately $26,000. Retirement Wealth Solutions LLC bought a new stake in Texas Instruments in the 4th quarter valued at $27,000. MidAtlantic Capital Management Inc. acquired a new stake in Texas Instruments in the 3rd quarter worth $28,000. Capital Performance Advisors LLP bought a new stake in shares of Texas Instruments in the third quarter valued at about $39,000. Finally, FSA Wealth Management LLC acquired a new position in Texas Instruments in the 3rd quarter valued at approximately $41,000. 84.99% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Texas Instruments

In other Texas Instruments news, Director Ronald Kirk sold 10,539 shares of the business’s stock in a transaction that occurred 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 transaction, the director now owns 14,323 shares of the company’s stock, valued at $2,912,295.59. The trade was a 42.39 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Mark A. Blinn sold 590 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $180.71, for a total value of $106,618.90. Following the completion of the sale, the director now directly owns 11,717 shares of the company’s stock, valued at approximately $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. Company insiders own 0.68% of the company’s stock.

Texas Instruments Stock Up 1.2 %

NASDAQ:TXN opened at $183.03 on Tuesday. The company has a quick ratio of 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76. Texas Instruments Incorporated has a 12-month low of $158.90 and a 12-month high of $220.38. The stock’s fifty day simple moving average is $188.18 and its 200-day simple moving average is $197.31. The firm has a market capitalization of $166.96 billion, a P/E ratio of 35.27, a P/E/G ratio of 2.95 and a beta of 0.97.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 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. Equities research analysts expect that Texas Instruments Incorporated will post 5.38 earnings per share for the current year.

Texas Instruments Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st were paid a dividend of $1.36 per share. The ex-dividend date of this dividend was Friday, January 31st. This represents a $5.44 annualized dividend and a dividend yield of 2.97%. Texas Instruments’s dividend payout ratio is currently 104.82%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Susquehanna decreased their price objective on Texas Instruments from $250.00 to $240.00 and set a “positive” rating on the stock in a report on Monday, October 21st. Robert W. Baird lowered their target price on shares of Texas Instruments from $200.00 to $175.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 23rd. Benchmark reissued a “buy” rating and issued a $230.00 price target on shares of Texas Instruments in a research report on Friday, January 24th. Bank of America decreased their price objective on Texas Instruments from $220.00 to $215.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. Finally, Wells Fargo & Company dropped their target price on Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating for the company in a 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 issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average 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.