Baker Tilly Wealth Management LLC Acquires 740 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Baker Tilly Wealth Management LLC increased its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 24.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,726 shares of the semiconductor company’s stock after acquiring an additional 740 shares during the quarter. Baker Tilly Wealth Management LLC’s holdings in Texas Instruments were worth $699,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of TXN. MidAtlantic Capital Management Inc. purchased a new position in Texas Instruments in the third quarter valued at approximately $28,000. Tsfg LLC raised its stake in shares of Texas Instruments by 82.0% in the third quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock valued at $38,000 after buying an additional 82 shares during the period. Capital Performance Advisors LLP purchased a new position in shares of Texas Instruments during the 3rd quarter valued at $39,000. FSA Wealth Management LLC bought a new position in shares of Texas Instruments during the 3rd quarter worth $41,000. Finally, McClarren Financial Advisors Inc. purchased a new stake in Texas Instruments in the 3rd quarter worth about $43,000. 84.99% of the stock is currently owned by institutional investors.

Insider Activity at Texas Instruments

In other Texas Instruments news, Director Ronald Kirk sold 10,539 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $203.33, for a total value of $2,142,894.87. Following the completion of the sale, the director now directly owns 14,323 shares in the company, valued at $2,912,295.59. This trade represents a 42.39 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Robert E. Sanchez sold 9,990 shares of the firm’s stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $208.80, for a total value of $2,085,912.00. Following the completion of the transaction, the director now owns 20,461 shares of the company’s stock, valued at approximately $4,272,256.80. The trade was a 32.81 % decrease in their position. The disclosure for this sale can be found here. 0.68% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on TXN shares. Susquehanna reduced their target price on shares of Texas Instruments from $250.00 to $240.00 and set a “positive” rating for the company in a research note on Monday, October 21st. Morgan Stanley boosted their target price on shares of Texas Instruments from $154.00 to $167.00 and gave the company an “underweight” rating in a report on Wednesday, October 23rd. Mizuho set a $200.00 price target on Texas Instruments in a research report on Friday, October 18th. Summit Insights raised Texas Instruments from a “hold” rating to a “buy” rating in a report on Wednesday, October 23rd. Finally, Truist Financial reduced their target price on Texas Instruments from $198.00 to $190.00 and set a “hold” rating for the company in a report on Wednesday, October 23rd. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $210.05.

Texas Instruments Price Performance

NASDAQ:TXN traded down $1.74 during midday trading on Friday, hitting $189.92. The company had a trading volume of 856,654 shares, compared to its average volume of 3,956,469. The stock’s fifty day moving average price is $197.03 and its 200-day moving average price is $199.72. Texas Instruments Incorporated has a 52-week low of $155.46 and a 52-week high of $220.38. The company has a quick ratio of 3.14, a current ratio of 4.31 and a debt-to-equity ratio of 0.74. The company has a market capitalization of $173.25 billion, a PE ratio of 35.30, a P/E/G ratio of 4.19 and a beta of 0.98.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 EPS for the quarter, topping the consensus estimate of $1.38 by $0.09. The firm had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.12 billion. Texas Instruments had a net margin of 31.60% and a return on equity of 29.05%. The business’s revenue was down 8.4% compared to the same quarter last year. During the same period last year, the firm posted $1.80 earnings per share. As a group, research analysts expect that Texas Instruments Incorporated will post 5.08 earnings per share for the current year.

Texas Instruments Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st were paid a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date was Thursday, October 31st. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.30. Texas Instruments’s payout ratio is 101.12%.

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.