Apexium Financial LP Grows Position in Texas Instruments Incorporated (NASDAQ:TXN)

Apexium Financial LP lifted its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 18.0% in the fourth quarter, Holdings Channel reports. The firm owned 3,936 shares of the semiconductor company’s stock after purchasing an additional 600 shares during the period. Apexium Financial LP’s holdings in Texas Instruments were worth $738,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Blue Trust Inc. increased its stake in Texas Instruments by 35.4% during the 4th quarter. Blue Trust Inc. now owns 23,860 shares of the semiconductor company’s stock worth $4,929,000 after buying an additional 6,234 shares during the period. PFG Investments LLC increased its position in shares of Texas Instruments by 5.1% during the fourth quarter. PFG Investments LLC now owns 5,595 shares of the semiconductor company’s stock worth $1,049,000 after acquiring an additional 273 shares during the last quarter. Strategic Investment Advisors MI lifted its stake in shares of Texas Instruments by 2.2% in the fourth quarter. Strategic Investment Advisors MI now owns 4,839 shares of the semiconductor company’s stock worth $907,000 after acquiring an additional 102 shares in the last quarter. Drive Wealth Management LLC boosted its holdings in Texas Instruments by 5.7% in the fourth quarter. Drive Wealth Management LLC now owns 1,353 shares of the semiconductor company’s stock valued at $254,000 after purchasing an additional 73 shares during the last quarter. Finally, Novare Capital Management LLC grew its stake in Texas Instruments by 1.3% during the 4th quarter. Novare Capital Management LLC now owns 78,993 shares of the semiconductor company’s stock valued at $14,812,000 after purchasing an additional 1,015 shares in the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.

Texas Instruments Price Performance

Shares of TXN opened at $185.52 on Monday. The company has a quick ratio of 3.14, a current ratio of 4.31 and a debt-to-equity ratio of 0.74. Texas Instruments Incorporated has a twelve month low of $155.46 and a twelve month high of $220.38. The stock has a market capitalization of $169.24 billion, a P/E ratio of 34.48, a P/E/G ratio of 3.84 and a beta of 0.98. The company has a 50 day moving average of $193.38 and a 200-day moving average of $199.46.

Texas Instruments (NASDAQ:TXN) last released its earnings results 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 return on equity of 29.05% and a net margin of 31.60%. During the same period in the prior year, the company earned $1.49 EPS. As a group, equities research analysts forecast that Texas Instruments Incorporated will post 5.08 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 11th. Investors of record on Friday, January 31st will be issued a dividend of $1.36 per share. The ex-dividend date is Friday, January 31st. This represents a $5.44 dividend on an annualized basis and a yield of 2.93%. Texas Instruments’s payout ratio is 101.12%.

Insiders Place Their Bets

In related 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 approximately $2,912,295.59. This trade represents a 42.39 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.68% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Mizuho reduced 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 note on Friday. Rosenblatt Securities reissued a “buy” rating and issued a $250.00 price objective on shares of Texas Instruments in a report on Tuesday, January 21st. Morgan Stanley increased their target price on Texas Instruments from $154.00 to $167.00 and gave the stock an “underweight” rating in a report on Wednesday, October 23rd. Cantor Fitzgerald restated a “neutral” rating and set a $200.00 price objective on shares of Texas Instruments in a research note on Friday. Finally, Susquehanna dropped their target price on shares of Texas Instruments from $250.00 to $240.00 and set a “positive” rating on the stock in a report on Monday, October 21st. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $209.20.

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.