Texas Instruments Incorporated (NASDAQ:TXN) Shares Acquired by Bragg Financial Advisors Inc

Bragg Financial Advisors Inc boosted its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 1.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 96,384 shares of the semiconductor company’s stock after purchasing an additional 1,559 shares during the quarter. Bragg Financial Advisors Inc’s holdings in Texas Instruments were worth $18,073,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Promus Capital LLC purchased a new stake in shares of Texas Instruments during the 4th quarter valued at $25,000. Financial Life Planners purchased a new stake in Texas Instruments during the fourth quarter valued at about $26,000. Retirement Wealth Solutions LLC purchased a new position in shares of Texas Instruments in the 4th quarter worth about $27,000. Summit Securities Group LLC purchased a new position in shares of Texas Instruments in the 4th quarter worth about $27,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in shares of Texas Instruments in the 4th quarter valued at about $28,000. 84.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently commented on TXN. Truist Financial cut their price target on shares of Texas Instruments from $199.00 to $195.00 and set a “hold” rating on the stock in a report on Friday, January 24th. Citigroup dropped their price objective on shares of Texas Instruments from $235.00 to $210.00 and set a “buy” rating on the stock in a research note on Friday. Barclays lowered their price target on shares of Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating for the company in a report on Friday, January 24th. Mizuho cut their price objective on shares of Texas Instruments from $200.00 to $190.00 and set a “neutral” rating on the stock in a report on Friday, January 24th. Finally, Rosenblatt Securities restated a “buy” rating and set a $250.00 target price on shares of Texas Instruments in a research note on Tuesday, January 21st. 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 data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $207.95.

Texas Instruments Trading Down 5.7 %

Shares of NASDAQ TXN opened at $147.60 on Friday. Texas Instruments Incorporated has a 12-month low of $139.95 and a 12-month high of $220.39. The company has a market cap of $134.30 billion, a price-to-earnings ratio of 28.44, a price-to-earnings-growth ratio of 3.30 and a beta of 0.99. The company has a current ratio of 4.12, a quick ratio of 2.88 and a debt-to-equity ratio of 0.76. The stock’s 50 day simple moving average is $180.26 and its 200 day simple moving average is $191.36.

Texas Instruments (NASDAQ:TXN) last posted its 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 return on equity of 28.08% and a net margin of 30.68%. During the same period in the previous year, the business earned $1.49 EPS. Equities research analysts expect that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Dividend Announcement

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

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, Chairman Richard K. Templeton sold 97,000 shares of Texas Instruments stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $202.72, for a total value of $19,663,840.00. Following the completion of the sale, the chairman now directly owns 409,089 shares in the company, valued at $82,930,522.08. The trade was a 19.17 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mark A. Blinn sold 590 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the director now owns 11,717 shares of the company’s stock, valued at approximately $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. Insiders have sold 297,655 shares of company stock valued at $59,841,304 in the last quarter. Corporate insiders own 0.57% of the company’s stock.

Texas Instruments 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.