Kinsale Capital Group Inc. Raises Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Kinsale Capital Group Inc. boosted its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 12.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 39,819 shares of the semiconductor company’s stock after purchasing an additional 4,342 shares during the quarter. Texas Instruments makes up 2.0% of Kinsale Capital Group Inc.’s holdings, making the stock its 16th largest position. Kinsale Capital Group Inc.’s holdings in Texas Instruments were worth $7,466,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Financial Life Planners purchased a new position in Texas Instruments during the fourth quarter worth approximately $26,000. Retirement Wealth Solutions LLC purchased a new position in Texas Instruments during the fourth quarter worth approximately $27,000. MidAtlantic Capital Management Inc. purchased a new position in Texas Instruments during the third quarter worth approximately $28,000. Kohmann Bosshard Financial Services LLC purchased a new position in Texas Instruments during the fourth quarter worth approximately $28,000. Finally, Capital Performance Advisors LLP purchased a new position in Texas Instruments during the third quarter worth approximately $39,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Insider Transactions at Texas Instruments

In other Texas Instruments news, Chairman Richard K. Templeton sold 97,000 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $202.72, for a total value of $19,663,840.00. Following the sale, the chairman now owns 409,089 shares of the company’s stock, valued at $82,930,522.08. The trade was a 19.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Mark A. Blinn sold 590 shares of the company’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $180.71, for a total value of $106,618.90. Following the transaction, the director now owns 11,717 shares in the company, valued at $2,117,379.07. This trade represents a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 297,655 shares of company stock worth $59,841,304. 0.68% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts have issued reports on TXN shares. Wells Fargo & Company lowered their price target 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. Benchmark restated a “buy” rating and issued a $230.00 target price on shares of Texas Instruments in a research report on Friday, January 24th. Cantor Fitzgerald restated a “neutral” rating and issued a $200.00 target price on shares of Texas Instruments in a research report on Friday, January 24th. Rosenblatt Securities restated a “buy” rating and issued a $250.00 target price on shares of Texas Instruments in a research report on Tuesday, January 21st. Finally, Truist Financial decreased their target price on Texas Instruments from $199.00 to $195.00 and set a “hold” rating on the stock in a research report on Friday, January 24th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Texas Instruments currently has an average rating of “Hold” and a consensus target price of $209.20.

Texas Instruments Trading Up 2.5 %

Shares of Texas Instruments stock opened at $196.02 on Friday. The stock has a 50 day moving average of $189.49 and a 200 day moving average of $197.68. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.88 and a current ratio of 4.12. The firm has a market capitalization of $178.44 billion, a price-to-earnings ratio of 37.77, a PEG ratio of 3.30 and a beta of 0.97. Texas Instruments Incorporated has a fifty-two week low of $159.11 and a fifty-two week high of $220.38.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share for the quarter, topping analysts’ consensus estimates 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 quarter in the previous year, the firm posted $1.49 earnings per share. As a group, research analysts predict that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st were paid a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.78%. The ex-dividend date of this dividend was Friday, January 31st. Texas Instruments’s dividend payout ratio (DPR) is 104.82%.

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.