Magnus Financial Group LLC Has $386,000 Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Magnus Financial Group LLC cut its position in Texas Instruments Incorporated (NASDAQ:TXN) by 3.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,264 shares of the semiconductor company’s stock after selling 80 shares during the quarter. Magnus Financial Group LLC’s holdings in Texas Instruments were worth $386,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. AXQ Capital LP grew its holdings in Texas Instruments by 64.3% during the third quarter. AXQ Capital LP now owns 4,600 shares of the semiconductor company’s stock worth $731,000 after purchasing an additional 1,800 shares during the period. First National Bank of Mount Dora Trust Investment Services boosted its stake in shares of Texas Instruments by 0.4% during the 4th quarter. First National Bank of Mount Dora Trust Investment Services now owns 42,134 shares of the semiconductor company’s stock worth $7,182,000 after acquiring an additional 155 shares during the period. Verdence Capital Advisors LLC boosted its stake in shares of Texas Instruments by 39.9% during the 3rd quarter. Verdence Capital Advisors LLC now owns 8,405 shares of the semiconductor company’s stock worth $1,336,000 after acquiring an additional 2,397 shares during the period. Salem Investment Counselors Inc. increased its holdings in shares of Texas Instruments by 2.2% during the 4th quarter. Salem Investment Counselors Inc. now owns 8,232 shares of the semiconductor company’s stock worth $1,403,000 after acquiring an additional 177 shares during the last quarter. Finally, Chicago Capital LLC raised its stake in Texas Instruments by 182.7% in the 4th quarter. Chicago Capital LLC now owns 12,859 shares of the semiconductor company’s stock valued at $2,192,000 after acquiring an additional 8,311 shares during the period. Institutional investors own 84.99% of the company’s stock.

Insider Buying and Selling

In other news, Director Mark A. Blinn sold 1,744 shares of Texas Instruments stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $159.85, for a total value of $278,778.40. Following the completion of the transaction, the director now directly owns 11,693 shares of the company’s stock, valued at approximately $1,869,126.05. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.68% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages recently commented on TXN. Robert W. Baird upped their price target on shares of Texas Instruments from $125.00 to $175.00 and gave the company a “neutral” rating in a research note on Thursday. TD Cowen upped their target price on Texas Instruments from $160.00 to $175.00 and gave the company a “hold” rating in a research report on Wednesday, April 24th. JPMorgan Chase & Co. increased their target price on Texas Instruments from $180.00 to $195.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 24th. Morgan Stanley boosted their price target on Texas Instruments from $138.00 to $146.00 and gave the company an “underweight” rating in a research note on Wednesday, January 24th. Finally, Truist Financial increased their price objective on Texas Instruments from $165.00 to $167.00 and gave the stock a “hold” rating in a research report on Wednesday, April 24th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Texas Instruments presently has a consensus rating of “Hold” and an average target price of $180.74.

Texas Instruments Stock Performance

Shares of Texas Instruments stock opened at $177.10 on Monday. The stock has a market cap of $161.25 billion, a price-to-earnings ratio of 27.69, a P/E/G ratio of 3.78 and a beta of 1.04. Texas Instruments Incorporated has a twelve month low of $139.48 and a twelve month high of $188.12. The company’s fifty day moving average is $169.29 and its 200 day moving average is $162.29. The company has a quick ratio of 3.76, a current ratio of 4.91 and a debt-to-equity ratio of 0.76.

Texas Instruments (NASDAQ:TXN) last announced its earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 EPS for the quarter, topping the consensus estimate of $1.07 by $0.13. The firm had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $3.61 billion. Texas Instruments had a return on equity of 35.28% and a net margin of 35.16%. The business’s quarterly revenue was down 16.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.85 EPS. Sell-side analysts forecast that Texas Instruments Incorporated will post 5.21 EPS for the current year.

Texas Instruments Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 21st. Stockholders of record on Wednesday, May 8th will be given a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 2.94%. The ex-dividend date is Tuesday, May 7th. Texas Instruments’s dividend payout ratio (DPR) is presently 81.12%.

About Texas Instruments

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.