Evoke Wealth LLC Raises Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Evoke Wealth LLC increased its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 24.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,629 shares of the semiconductor company’s stock after purchasing an additional 508 shares during the quarter. Evoke Wealth LLC’s holdings in Texas Instruments were worth $493,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Promus Capital LLC purchased a new position in shares of Texas Instruments during the 4th quarter worth $25,000. Financial Life Planners purchased a new position in shares of Texas Instruments during the 4th quarter worth $26,000. Retirement Wealth Solutions LLC purchased a new position in shares of Texas Instruments during the 4th quarter worth $27,000. MidAtlantic Capital Management Inc. purchased a new position in shares of Texas Instruments during the 3rd quarter worth $28,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new position in shares of Texas Instruments during the 4th quarter worth $28,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Insiders Place Their Bets

In related news, Director Janet F. Clark sold 6,065 shares of Texas Instruments stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $203.62, for a total transaction of $1,234,955.30. Following the completion of the transaction, the director now directly owns 10,816 shares of the company’s stock, valued at approximately $2,202,353.92. The trade was a 35.93 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Richard K. Templeton sold 97,000 shares of Texas Instruments stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $202.72, for a total transaction of $19,663,840.00. Following the transaction, the chairman now directly owns 409,089 shares of the company’s stock, valued at approximately $82,930,522.08. This represents a 19.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 297,655 shares of company stock valued at $59,841,304 in the last three months. Corporate insiders own 0.57% of the company’s stock.

Texas Instruments Stock Performance

Shares of NASDAQ TXN opened at $179.45 on Wednesday. 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 $163.28 billion, a P/E ratio of 34.58, a P/E/G ratio of 3.30 and a beta of 0.97. The firm’s fifty day moving average is $188.11 and its two-hundred day moving average is $195.82. Texas Instruments Incorporated has a 52-week low of $159.11 and a 52-week high of $220.39.

Texas Instruments (NASDAQ:TXN) last announced its quarterly 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 net margin of 30.68% and a return on equity of 28.08%. During the same period in the prior year, the company posted $1.49 EPS. As a group, analysts anticipate that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st were paid a $1.36 dividend. The ex-dividend date of this dividend was Friday, January 31st. This represents a $5.44 dividend on an annualized basis and a dividend yield of 3.03%. Texas Instruments’s payout ratio is currently 104.82%.

Analyst Ratings Changes

Several brokerages have recently weighed in on TXN. Benchmark reiterated a “buy” rating and set a $230.00 price target on shares of Texas Instruments in a research note on Friday, January 24th. Cantor Fitzgerald reiterated a “neutral” rating and set a $200.00 price target on shares of Texas Instruments in a research note on Friday, January 24th. Wells Fargo & Company decreased their price objective on shares of 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. Truist Financial decreased their price objective on shares of Texas Instruments from $199.00 to $195.00 and set a “hold” rating on the stock in a research report on Friday, January 24th. Finally, Barclays decreased their price objective on shares of 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. Two investment 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 data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target 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.