Tiemann Investment Advisors LLC Increases Position in Texas Instruments Incorporated (NASDAQ:TXN)

Tiemann Investment Advisors LLC increased its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 8.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,985 shares of the semiconductor company’s stock after purchasing an additional 150 shares during the period. Tiemann Investment Advisors LLC’s holdings in Texas Instruments were worth $372,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Daiwa Securities Group Inc. boosted its position in shares of Texas Instruments by 6.4% during the 4th quarter. Daiwa Securities Group Inc. now owns 196,600 shares of the semiconductor company’s stock worth $36,858,000 after acquiring an additional 11,866 shares in the last quarter. Main Street Research LLC lifted its stake in Texas Instruments by 3.1% during the fourth quarter. Main Street Research LLC now owns 2,110 shares of the semiconductor company’s stock worth $396,000 after purchasing an additional 63 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Texas Instruments by 9.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 203,792 shares of the semiconductor company’s stock valued at $38,213,000 after purchasing an additional 17,110 shares in the last quarter. Sound View Wealth Advisors Group LLC increased its stake in Texas Instruments by 0.6% in the fourth quarter. Sound View Wealth Advisors Group LLC now owns 15,284 shares of the semiconductor company’s stock valued at $2,866,000 after purchasing an additional 97 shares during the last quarter. Finally, Argentarii LLC purchased a new position in Texas Instruments in the fourth quarter valued at approximately $546,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Texas Instruments Price Performance

Shares of NASDAQ:TXN opened at $190.52 on Monday. Texas Instruments Incorporated has a 52 week low of $159.11 and a 52 week high of $220.38. The company has a 50-day moving average price of $189.62 and a 200 day moving average price of $197.35. The company has a market cap of $173.36 billion, a P/E ratio of 36.71, a PEG ratio of 3.30 and a beta of 0.98. 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 (NASDAQ:TXN) last posted its quarterly earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 EPS for the quarter, beating the consensus estimate 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 company posted $1.49 earnings per share. Research analysts predict that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Dividend Announcement

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

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Barclays reduced their price objective on shares of Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating for the company in a research report on Friday, January 24th. Rosenblatt Securities restated a “buy” rating and issued a $250.00 price objective on shares of Texas Instruments in a research note on Tuesday, January 21st. Mizuho cut 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 reduced their target price on Texas Instruments from $199.00 to $195.00 and set a “hold” rating for the company in a report on Friday, January 24th. Finally, Benchmark restated a “buy” rating and set a $230.00 price target on shares of Texas Instruments in a research note on Friday, January 24th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Texas Instruments has an average rating of “Hold” and an average target price of $209.20.

Insider Transactions at Texas Instruments

In other Texas Instruments news, Director Janet F. Clark sold 6,065 shares of the company’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $203.62, for a total value of $1,234,955.30. Following the sale, the director now owns 10,816 shares of the company’s stock, valued at approximately $2,202,353.92. This represents a 35.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Richard K. Templeton sold 97,000 shares of Texas Instruments stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $197.69, for a total value of $19,175,930.00. Following the transaction, the chairman now directly owns 409,089 shares of the company’s stock, valued at $80,872,804.41. This trade represents a 19.17 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 297,655 shares of company stock valued at $59,841,304 in the last ninety days. 0.68% of the stock is currently owned by company insiders.

Texas Instruments 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.