Envestnet Portfolio Solutions Inc. Has $10.23 Million Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Envestnet Portfolio Solutions Inc. increased its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 2.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 54,558 shares of the semiconductor company’s stock after purchasing an additional 1,399 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Texas Instruments were worth $10,230,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in TXN. Promus Capital LLC acquired a new position in shares of Texas Instruments during the 4th quarter worth about $25,000. Financial Life Planners bought a new position in Texas Instruments during the fourth quarter valued at about $26,000. Retirement Wealth Solutions LLC bought a new position in Texas Instruments during the fourth quarter valued at about $27,000. MidAtlantic Capital Management Inc. bought a new position in Texas Instruments during the third quarter valued at about $28,000. Finally, Kohmann Bosshard Financial Services LLC bought a new position in Texas Instruments during the fourth quarter valued at about $28,000. Institutional investors and hedge funds own 84.99% of the company’s stock.

Texas Instruments Stock Up 1.6 %

NASDAQ:TXN opened at $176.42 on Monday. The stock’s fifty day moving average price is $188.61 and its two-hundred day moving average price is $196.29. 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 company has a market cap of $160.53 billion, a price-to-earnings ratio of 33.99, a P/E/G ratio of 3.30 and a beta of 0.98. Texas Instruments Incorporated has a 52-week low of $159.11 and a 52-week high of $220.38.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share for the quarter, beating 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 period in the prior year, the company posted $1.49 EPS. On average, analysts anticipate that Texas Instruments Incorporated will post 5.35 EPS 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 3.08%. The ex-dividend date of this dividend was Friday, January 31st. Texas Instruments’s dividend payout ratio (DPR) is currently 104.82%.

Insider Activity

In related news, Director Janet F. Clark sold 6,065 shares of the company’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $203.62, for a total value of $1,234,955.30. Following the completion of the sale, the director now owns 10,816 shares in the company, valued at $2,202,353.92. This represents a 35.93 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Richard K. Templeton sold 97,000 shares of the company’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $197.69, for a total transaction of $19,175,930.00. Following the completion of the sale, the chairman now owns 409,089 shares of the company’s stock, valued at approximately $80,872,804.41. This represents a 19.17 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 297,655 shares of company stock valued at $59,841,304 in the last 90 days. 0.57% of the stock is owned by company insiders.

Analyst Ratings Changes

TXN has been the topic of several research reports. Cantor Fitzgerald restated a “neutral” rating and set a $200.00 price target on shares of Texas Instruments in a research note on Friday, January 24th. Truist Financial lowered their price target on Texas Instruments from $199.00 to $195.00 and set a “hold” rating on the stock in a research note on Friday, January 24th. Wells Fargo & Company lowered their price objective on Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating on the stock in a research note on Monday, January 13th. Benchmark reiterated a “buy” rating and issued a $230.00 price objective on shares of Texas Instruments in a research note on Friday, January 24th. Finally, Barclays lowered their price objective on Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating on the stock in a research note on Friday, January 24th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $209.20.

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.