Texas Instruments Incorporated (NASDAQ:TXN) Shares Acquired by Phoenix Financial Ltd.

Phoenix Financial Ltd. increased its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 24.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,895 shares of the semiconductor company’s stock after purchasing an additional 1,570 shares during the period. Phoenix Financial Ltd.’s holdings in Texas Instruments were worth $1,480,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Howard Capital Management Group LLC purchased a new stake in shares of Texas Instruments during the third quarter worth approximately $202,000. Fortem Financial Group LLC grew its holdings in shares of Texas Instruments by 9.2% during the third quarter. Fortem Financial Group LLC now owns 1,191 shares of the semiconductor company’s stock worth $246,000 after buying an additional 100 shares in the last quarter. TD Private Client Wealth LLC grew its stake in Texas Instruments by 1.2% during the 3rd quarter. TD Private Client Wealth LLC now owns 10,556 shares of the semiconductor company’s stock valued at $2,181,000 after acquiring an additional 123 shares in the last quarter. Rehmann Capital Advisory Group raised its holdings in Texas Instruments by 5.2% in the 3rd quarter. Rehmann Capital Advisory Group now owns 4,451 shares of the semiconductor company’s stock valued at $922,000 after acquiring an additional 221 shares during the last quarter. Finally, Soltis Investment Advisors LLC purchased a new position in Texas Instruments in the 3rd quarter worth approximately $292,000. 84.99% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Janet F. Clark sold 6,065 shares of the 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 transaction, the director now directly owns 10,816 shares of the company’s stock, valued at $2,202,353.92. This trade represents a 35.93 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 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 transaction, the chairman now owns 409,089 shares of the company’s stock, valued at $80,872,804.41. This represents a 19.17 % decrease in their position. 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 ninety days. Insiders own 0.57% of the company’s stock.

Texas Instruments Stock Performance

Shares of TXN opened at $156.60 on Friday. The stock has a 50-day simple moving average of $180.92 and a 200-day simple moving average of $191.76. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.88 and a current ratio of 4.12. Texas Instruments Incorporated has a 1 year low of $143.31 and a 1 year high of $220.39. The stock has a market capitalization of $142.49 billion, a PE ratio of 30.17, a PEG ratio of 3.30 and a beta of 0.99.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results 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 net margin of 30.68% and a return on equity of 28.08%. During the same quarter in the previous year, the firm posted $1.49 earnings per share. On average, analysts predict that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st were paid a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a yield of 3.47%. The ex-dividend date was Friday, January 31st. Texas Instruments’s dividend payout ratio is presently 104.82%.

Wall Street Analyst Weigh In

TXN has been the subject of several analyst reports. Wells Fargo & Company dropped their target price on Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. Benchmark reiterated a “buy” rating and issued a $230.00 target price on shares of Texas Instruments in a report on Friday, January 24th. Mizuho reduced their price target on shares of Texas Instruments from $200.00 to $190.00 and set a “neutral” rating on the stock in a research report on Friday, January 24th. Truist Financial lowered their price objective on Texas Instruments from $199.00 to $195.00 and set a “hold” rating for the company in a research report on Friday, January 24th. Finally, Baird R W raised Texas Instruments from a “hold” rating to a “strong-buy” rating in a research note on Monday. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Texas Instruments presently has an average rating of “Hold” and a consensus 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.