Texas Instruments Incorporated (NASDAQ:TXN) Shares Acquired by Destination Wealth Management

Destination Wealth Management lifted its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 6.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,654 shares of the semiconductor company’s stock after purchasing an additional 99 shares during the period. Destination Wealth Management’s holdings in Texas Instruments were worth $310,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Howard Capital Management Group LLC acquired a new position in Texas Instruments in the 3rd quarter valued at about $202,000. M&G PLC increased its position in Texas Instruments by 4.4% in the 3rd quarter. M&G PLC now owns 52,342 shares of the semiconductor company’s stock valued at $10,835,000 after acquiring an additional 2,217 shares during the period. Blake Schutter Theil Wealth Advisors LLC acquired a new position in Texas Instruments in the 3rd quarter valued at about $239,000. Consolidated Planning Corp increased its position in Texas Instruments by 44.9% in the 3rd quarter. Consolidated Planning Corp now owns 1,819 shares of the semiconductor company’s stock valued at $376,000 after acquiring an additional 564 shares during the period. Finally, Trinity Legacy Partners LLC increased its position in Texas Instruments by 18.6% in the 3rd quarter. Trinity Legacy Partners LLC now owns 2,741 shares of the semiconductor company’s stock valued at $572,000 after acquiring an additional 429 shares during the period. Institutional investors and hedge funds own 84.99% of the company’s stock.

Texas Instruments Price Performance

TXN stock opened at $190.52 on Friday. Texas Instruments Incorporated has a 1 year low of $159.11 and a 1 year high of $220.38. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.88 and a current ratio of 4.12. The stock’s 50 day moving average price is $189.62 and its 200 day moving average price is $197.46. The firm has a market cap of $173.44 billion, a P/E ratio of 36.71, a PEG ratio of 3.30 and a beta of 0.97.

Texas Instruments (NASDAQ:TXN) last posted 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 last year, the company posted $1.49 EPS. On average, sell-side analysts expect that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Friday, January 31st were paid a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date of this dividend was Friday, January 31st. Texas Instruments’s payout ratio is currently 104.82%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Mizuho dropped their target price on Texas Instruments from $200.00 to $190.00 and set a “neutral” rating on the stock in a research report on Friday, January 24th. Truist Financial dropped their target price on Texas Instruments from $199.00 to $195.00 and set a “hold” rating on the stock in a research report on Friday, January 24th. Rosenblatt Securities reiterated a “buy” rating and set a $250.00 target price on shares of Texas Instruments in a research report on Tuesday, January 21st. Cantor Fitzgerald reiterated a “neutral” rating and set a $200.00 target price on shares of Texas Instruments in a research report on Friday, January 24th. Finally, Wells Fargo & Company dropped their target price 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 investment analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $209.20.

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, Chairman Richard K. Templeton sold 97,000 shares of the business’s stock in a transaction on Friday, February 21st. The stock was 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 directly owns 409,089 shares in the company, valued at approximately $82,930,522.08. The trade was a 19.17 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Mark A. Blinn sold 590 shares of the business’s stock in a transaction 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 transaction, the director now owns 11,717 shares of the company’s stock, valued at $2,117,379.07. This trade represents a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 297,655 shares of company stock worth $59,841,304. Insiders own 0.68% of the company’s stock.

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.