Modern Wealth Management LLC Raises Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Modern Wealth Management LLC boosted its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 150.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 13,466 shares of the semiconductor company’s stock after buying an additional 8,081 shares during the quarter. Modern Wealth Management LLC’s holdings in Texas Instruments were worth $2,428,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Promus Capital LLC acquired a new position in Texas Instruments during the fourth quarter valued at $25,000. Financial Life Planners acquired a new position in shares of Texas Instruments in the 4th quarter valued at about $26,000. Retirement Wealth Solutions LLC purchased a new stake in shares of Texas Instruments in the fourth quarter worth about $27,000. Kohmann Bosshard Financial Services LLC acquired a new stake in Texas Instruments during the fourth quarter worth about $28,000. Finally, Atala Financial Inc purchased a new position in Texas Instruments during the fourth quarter valued at approximately $37,000. 84.99% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Texas Instruments news, Chairman Richard K. Templeton sold 97,000 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $202.72, for a total transaction of $19,663,840.00. Following the completion of the transaction, the chairman now owns 409,089 shares of the company’s stock, valued at $82,930,522.08. This trade represents a 19.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Janet F. Clark sold 6,065 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the director now owns 10,816 shares in the company, valued at approximately $2,202,353.92. This represents a 35.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 297,655 shares of company stock worth $59,841,304. Company insiders own 0.57% of the company’s stock.

Texas Instruments Stock Performance

NASDAQ TXN opened at $183.97 on Wednesday. Texas Instruments Incorporated has a fifty-two week low of $159.11 and a fifty-two week high of $220.39. The firm has a market capitalization of $167.40 billion, a P/E ratio of 35.45, a price-to-earnings-growth ratio of 3.30 and a beta of 0.98. The stock’s fifty day moving average is $187.16 and its two-hundred day moving average is $195.06. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.88 and a current ratio of 4.12.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data 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 net margin of 30.68% and a return on equity of 28.08%. During the same period last year, the company earned $1.49 earnings per share. On average, research analysts anticipate that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Friday, January 31st were issued a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a yield of 2.96%. The ex-dividend date of this dividend was Friday, January 31st. Texas Instruments’s dividend payout ratio is presently 104.82%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on TXN shares. Wells Fargo & Company dropped their price objective on shares of Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating on the stock in a research note on Monday, January 13th. Truist Financial cut their price objective on shares of Texas Instruments from $199.00 to $195.00 and set a “hold” rating for the company in a report on Friday, January 24th. Barclays lowered their target price on shares of Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating on the stock in a research note on Friday, January 24th. Benchmark restated a “buy” rating and issued a $230.00 price target on shares of Texas Instruments in a research note on Friday, January 24th. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $250.00 price target on shares of Texas Instruments in a research report on Tuesday, January 21st. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $209.20.

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.