SageView Advisory Group LLC Raises Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

SageView Advisory Group LLC grew its position in Texas Instruments Incorporated (NASDAQ:TXN) by 59.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,985 shares of the semiconductor company’s stock after buying an additional 4,092 shares during the period. SageView Advisory Group LLC’s holdings in Texas Instruments were worth $2,060,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in TXN. Promus Capital LLC purchased a new position in Texas Instruments in the fourth quarter worth approximately $25,000. Financial Life Planners acquired a new position in shares of Texas Instruments in the 4th quarter valued at $26,000. Retirement Wealth Solutions LLC purchased a new position in shares of Texas Instruments during the 4th quarter worth $27,000. Summit Securities Group LLC acquired a new stake in shares of Texas Instruments during the 4th quarter worth about $27,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in Texas Instruments in the 4th quarter valued at about $28,000. Institutional investors and hedge funds own 84.99% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Truist Financial lowered their target price on shares of Texas Instruments from $199.00 to $195.00 and set a “hold” rating for the company in a research note 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. Benchmark restated a “buy” rating and set a $230.00 price target on shares of Texas Instruments in a research report on Friday, January 24th. Barclays cut their price objective on Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating on the stock in a report on Friday, January 24th. Finally, Robert W. Baird upgraded Texas Instruments from a “neutral” rating to an “outperform” rating and set a $175.00 target price for the company in a report on Monday, April 7th. Two investment 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 stock. According to MarketBeat, Texas Instruments presently has a consensus rating of “Hold” and an average price target of $207.95.

Texas Instruments Stock Performance

Shares of TXN stock opened at $147.60 on Friday. The company has a market cap of $134.30 billion, a P/E ratio of 28.44, a PEG ratio of 3.30 and a beta of 0.99. The firm has a fifty day moving average price of $180.26 and a 200 day moving average price of $191.36. The company has a current ratio of 4.12, a quick ratio of 2.88 and a debt-to-equity ratio of 0.76. Texas Instruments Incorporated has a 12 month low of $139.95 and a 12 month high of $220.39.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings data on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share (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 quarter in the previous year, the company posted $1.49 earnings per share. Sell-side analysts predict that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st were issued a dividend of $1.36 per share. The ex-dividend date of this dividend was Friday, January 31st. This represents a $5.44 dividend on an annualized basis and a yield of 3.69%. Texas Instruments’s payout ratio is currently 104.82%.

Insider Transactions at Texas Instruments

In related news, Director Mark A. Blinn sold 590 shares of the company’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $180.71, for a total value 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 $2,117,379.07. This represents a 4.79 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Janet F. Clark sold 6,065 shares of Texas Instruments stock in a transaction that occurred on Monday, February 24th. The stock was 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 in the company, valued at approximately $2,202,353.92. This trade represents a 35.93 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 297,655 shares of company stock worth $59,841,304. 0.57% of the stock is currently owned by insiders.

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.