Abacus Planning Group Inc. Buys 83 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Abacus Planning Group Inc. raised its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 4.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,841 shares of the semiconductor company’s stock after buying an additional 83 shares during the period. Abacus Planning Group Inc.’s holdings in Texas Instruments were worth $345,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Financial Life Planners bought a new stake in shares of Texas Instruments in the 4th quarter valued at about $26,000. Retirement Wealth Solutions LLC bought a new stake in shares of Texas Instruments during the 4th quarter valued at about $27,000. MidAtlantic Capital Management Inc. bought a new stake in shares of Texas Instruments during the 3rd quarter valued at about $28,000. Capital Performance Advisors LLP bought a new stake in shares of Texas Instruments during the 3rd quarter valued at about $39,000. Finally, FSA Wealth Management LLC bought a new stake in shares of Texas Instruments during the 3rd quarter valued at about $41,000. Institutional investors own 84.99% of the company’s stock.

Insider Activity at Texas Instruments

In related news, Director Mark A. Blinn sold 590 shares of the stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $180.71, for a total transaction of $106,618.90. Following the completion of the sale, the director now directly owns 11,717 shares of the company’s stock, valued at approximately $2,117,379.07. This trade represents a 4.79 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Ronald Kirk sold 10,539 shares of the stock in a transaction that occurred on 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 sale, the director now directly owns 14,323 shares of the company’s stock, valued at $2,912,295.59. The trade was a 42.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.68% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Barclays cut their target price on Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating on the stock in a research report on Friday, January 24th. Wells Fargo & Company cut their target price on Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. Cantor Fitzgerald restated a “neutral” rating and set a $200.00 target price on shares of Texas Instruments in a research report on Friday, January 24th. Benchmark restated a “buy” rating and set a $230.00 target price on shares of Texas Instruments in a research report on Friday, January 24th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $250.00 price target on shares of Texas Instruments in a report on Tuesday, January 21st. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $209.20.

Texas Instruments Stock Performance

Shares of Texas Instruments stock opened at $196.32 on Thursday. The company has a market cap of $178.72 billion, a PE ratio of 37.83, a price-to-earnings-growth ratio of 3.02 and a beta of 0.97. Texas Instruments Incorporated has a 52 week low of $159.11 and a 52 week high of $220.38. The business has a 50 day moving average price of $187.99 and a 200-day moving average price of $197.23. The company has a quick ratio of 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data on Thursday, January 23rd. The semiconductor company reported $1.30 EPS for the quarter, topping the consensus estimate of $1.20 by $0.10. Texas Instruments had a return on equity of 28.08% and a net margin of 30.68%. During the same period in the prior year, the firm earned $1.49 earnings per share. Equities analysts anticipate that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Friday, January 31st were given a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date was Friday, January 31st. Texas Instruments’s payout ratio is 104.82%.

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.