Commonwealth Retirement Investments LLC Buys 246 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Commonwealth Retirement Investments LLC grew its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 1.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 15,266 shares of the semiconductor company’s stock after acquiring an additional 246 shares during the period. Texas Instruments comprises 1.2% of Commonwealth Retirement Investments LLC’s portfolio, making the stock its 25th biggest holding. Commonwealth Retirement Investments LLC’s holdings in Texas Instruments were worth $2,863,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. MidAtlantic Capital Management Inc. bought a new position in shares of Texas Instruments in the third quarter worth approximately $28,000. Financial Life Planners bought a new position in shares of Texas Instruments in the fourth quarter worth approximately $26,000. Retirement Wealth Solutions LLC bought a new position in shares of Texas Instruments in the fourth quarter worth approximately $27,000. Capital Performance Advisors LLP bought a new position in shares of Texas Instruments in the third quarter worth approximately $39,000. Finally, FSA Wealth Management LLC bought a new position in shares of Texas Instruments in the third quarter worth approximately $41,000. 84.99% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Mark A. Blinn sold 590 shares of the firm’s stock in a transaction on Tuesday, February 4th. The stock was 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 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 sale was disclosed in a legal filing with the SEC, which is available through this link. 0.68% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Cantor Fitzgerald restated a “neutral” rating and issued a $200.00 price objective on shares of Texas Instruments 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 report on Tuesday, January 21st. Mizuho decreased their price objective on shares of Texas Instruments from $200.00 to $190.00 and set a “neutral” rating on the stock in a research report on Friday, January 24th. Benchmark reiterated a “buy” rating and set a $230.00 price target on shares of Texas Instruments in a research report on Friday, January 24th. Finally, Truist Financial reduced their price target on shares of Texas Instruments from $199.00 to $195.00 and set a “hold” rating on the stock in a research report on Friday, January 24th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $209.20.

Texas Instruments Stock Performance

NASDAQ:TXN opened at $200.74 on Tuesday. The firm has a market cap of $182.74 billion, a PE ratio of 38.68, a price-to-earnings-growth ratio of 3.30 and a beta of 0.97. Texas Instruments Incorporated has a fifty-two week low of $159.11 and a fifty-two week 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 business has a 50 day moving average price of $188.67 and a 200-day moving average price of $197.64.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings data on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share 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 quarter last year, the firm earned $1.49 earnings per share. Equities research analysts predict that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Dividend Announcement

The firm also recently declared 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 2.71%. The ex-dividend date was Friday, January 31st. Texas Instruments’s payout ratio is 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.