Transce3nd LLC Acquires Shares of 2,979 Texas Instruments Incorporated (NASDAQ:TXN)

Transce3nd LLC bought a new stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) during the fourth quarter, Holdings Channel reports. The fund bought 2,979 shares of the semiconductor company’s stock, valued at approximately $559,000.

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

Wall Street Analyst Weigh In

TXN has been the topic of a number of research reports. Truist Financial decreased their price objective on 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 for the company in a research note on Friday, April 11th. Baird R W upgraded Texas Instruments from a “hold” rating to a “strong-buy” rating in a report on Monday, April 7th. Robert W. Baird upgraded Texas Instruments from a “neutral” rating to an “outperform” rating and set a $175.00 price objective on the stock in a research report on Monday, April 7th. Finally, 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. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $206.86.

Insiders Place Their Bets

In other news, Director Janet F. Clark sold 6,065 shares of Texas Instruments 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. The trade was a 35.93 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Richard K. Templeton sold 97,000 shares of the firm’s stock in a transaction on 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 in the company, valued at $82,930,522.08. The trade was a 19.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 297,655 shares of company stock valued at $59,841,304. 0.57% of the stock is owned by corporate insiders.

Texas Instruments Stock Performance

Shares of Texas Instruments stock opened at $148.34 on Friday. Texas Instruments Incorporated has a one year low of $139.95 and a one year high of $220.39. The business has a 50-day simple moving average of $177.08 and a 200-day simple moving average of $189.39. 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 $134.97 billion, a PE ratio of 28.58, a P/E/G ratio of 3.30 and a beta of 0.99.

Texas Instruments (NASDAQ:TXN) last issued its earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 EPS for the quarter, topping 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 quarter in the prior year, the company earned $1.49 earnings per share. On average, equities research analysts forecast that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 13th. Shareholders of record on Wednesday, April 30th will be paid a $1.36 dividend. This represents a $5.44 annualized dividend and a yield of 3.67%. Texas Instruments’s dividend payout ratio is currently 104.82%.

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.