Texas Instruments Incorporated (NASDAQ:TXN) Shares Acquired by Strong Tower Advisory Services

Strong Tower Advisory Services lifted its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 2.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 7,177 shares of the semiconductor company’s stock after purchasing an additional 179 shares during the quarter. Strong Tower Advisory Services’ holdings in Texas Instruments were worth $1,223,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in TXN. Annapolis Financial Services LLC grew its stake in Texas Instruments by 333.3% in the 3rd quarter. Annapolis Financial Services LLC now owns 156 shares of the semiconductor company’s stock valued at $25,000 after acquiring an additional 120 shares during the last quarter. Briaud Financial Planning Inc purchased a new position in Texas Instruments in the 3rd quarter valued at about $25,000. Riverview Trust Co lifted its holdings in Texas Instruments by 57.4% in the 3rd quarter. Riverview Trust Co now owns 181 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 66 shares in the last quarter. Coppell Advisory Solutions Corp. purchased a new position in Texas Instruments in the 4th quarter valued at about $30,000. Finally, AMH Equity Ltd purchased a new position in Texas Instruments in the 3rd quarter valued at about $32,000. 84.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on TXN shares. UBS Group upgraded shares of Texas Instruments from a “neutral” rating to a “buy” rating and upped their target price for the company from $170.00 to $195.00 in a report on Friday, January 19th. KeyCorp increased their price objective on shares of Texas Instruments from $180.00 to $200.00 and gave the stock an “overweight” rating in a report on Wednesday, January 24th. TD Cowen increased their price objective on shares of Texas Instruments from $145.00 to $160.00 and gave the stock a “market perform” rating in a report on Wednesday, January 24th. Susquehanna cut their price target on shares of Texas Instruments from $205.00 to $200.00 and set a “positive” rating on the stock in a report on Wednesday, January 24th. Finally, Truist Financial cut their price target on shares of Texas Instruments from $166.00 to $165.00 and set a “hold” rating on the stock in a report on Friday, February 9th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Texas Instruments presently has an average rating of “Hold” and a consensus price target of $173.89.

Insider Buying and Selling at Texas Instruments

In related news, Director Mark A. Blinn sold 1,744 shares of Texas Instruments stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $159.85, for a total transaction of $278,778.40. Following the sale, the director now directly owns 11,693 shares in the company, valued at $1,869,126.05. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.68% of the stock is currently owned by company insiders.

Texas Instruments Stock Up 0.8 %

TXN stock opened at $174.21 on Friday. The company has a market capitalization of $158.54 billion, a P/E ratio of 24.68, a PEG ratio of 3.72 and a beta of 1.04. The firm has a 50 day simple moving average of $166.63 and a 200-day simple moving average of $160.86. The company has a current ratio of 4.55, a quick ratio of 3.35 and a debt-to-equity ratio of 0.63. Texas Instruments Incorporated has a twelve month low of $139.48 and a twelve month high of $188.12.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings data on Monday, January 22nd. The semiconductor company reported $1.49 EPS for the quarter, topping analysts’ consensus estimates of $1.46 by $0.03. The firm had revenue of $4.08 billion during the quarter, compared to the consensus estimate of $4.12 billion. Texas Instruments had a net margin of 37.16% and a return on equity of 39.96%. The firm’s revenue was down 12.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.13 earnings per share. On average, equities research analysts predict that Texas Instruments Incorporated will post 5.16 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 13th. Shareholders of record on Wednesday, January 31st were paid a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 2.98%. The ex-dividend date of this dividend was Tuesday, January 30th. Texas Instruments’s payout ratio is 73.65%.

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.