Midwest Professional Planners LTD. Grows Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Midwest Professional Planners LTD. increased its position in Texas Instruments Incorporated (NASDAQ:TXN) by 6.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,705 shares of the semiconductor company’s stock after purchasing an additional 172 shares during the quarter. Midwest Professional Planners LTD.’s holdings in Texas Instruments were worth $507,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Diamond Hill Capital Management Inc. lifted its stake in shares of Texas Instruments by 8.6% in the 4th quarter. Diamond Hill Capital Management Inc. now owns 3,378,371 shares of the semiconductor company’s stock valued at $633,478,000 after purchasing an additional 268,305 shares during the period. Alpine Woods Capital Investors LLC lifted its stake in shares of Texas Instruments by 0.4% in the 4th quarter. Alpine Woods Capital Investors LLC now owns 34,915 shares of the semiconductor company’s stock valued at $6,547,000 after purchasing an additional 134 shares during the period. Renasant Bank lifted its stake in shares of Texas Instruments by 3.1% in the 4th quarter. Renasant Bank now owns 2,827 shares of the semiconductor company’s stock valued at $530,000 after purchasing an additional 86 shares during the period. Aviso Financial Inc. raised its stake in Texas Instruments by 15.1% during the fourth quarter. Aviso Financial Inc. now owns 15,952 shares of the semiconductor company’s stock valued at $2,991,000 after buying an additional 2,096 shares during the last quarter. Finally, Atala Financial Inc purchased a new position in Texas Instruments during the fourth quarter valued at $37,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Insider Activity at Texas Instruments

In related news, Director Janet F. Clark sold 6,065 shares of Texas Instruments stock in a transaction on Monday, February 24th. The stock was sold at an average price of $203.62, for a total transaction of $1,234,955.30. Following the transaction, the director now directly owns 10,816 shares in the company, valued at approximately $2,202,353.92. The trade was 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 Friday, February 21st. The shares were sold at an average price of $202.72, for a total value of $19,663,840.00. Following the transaction, the chairman now owns 409,089 shares in the company, valued at $82,930,522.08. This trade represents a 19.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 297,655 shares of company stock worth $59,841,304. Corporate insiders own 0.57% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on TXN shares. Rosenblatt Securities reiterated a “buy” rating and set a $250.00 price objective on shares of Texas Instruments in a research note on Tuesday, January 21st. Benchmark reiterated a “buy” rating and set a $230.00 price objective on shares of Texas Instruments in a research note on Friday, January 24th. Wells Fargo & Company lowered their price objective on Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. Mizuho lowered their price objective on Texas Instruments from $200.00 to $190.00 and set a “neutral” rating for the company in a research note on Friday, January 24th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and set a $200.00 price objective on shares of Texas Instruments in a research note on Friday, January 24th. Two investment 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 data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $209.20.

Texas Instruments Stock Performance

Shares of TXN opened at $176.42 on Friday. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.12 and a quick ratio of 2.88. Texas Instruments Incorporated has a one year low of $159.11 and a one year high of $220.38. The firm has a market capitalization of $160.53 billion, a P/E ratio of 33.99, a PEG ratio of 3.30 and a beta of 0.98. The business has a fifty day moving average of $188.61 and a 200 day moving average of $196.47.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data on Thursday, January 23rd. The semiconductor company reported $1.30 EPS for the quarter, topping 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 last year, the company earned $1.49 earnings per share. As a group, sell-side analysts anticipate that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Friday, January 31st were given 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 yield of 3.08%. Texas Instruments’s dividend payout ratio (DPR) is presently 104.82%.

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.