Northeast Financial Consultants Inc Has $2.27 Million Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Northeast Financial Consultants Inc boosted its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 2.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,108 shares of the semiconductor company’s stock after buying an additional 234 shares during the quarter. Northeast Financial Consultants Inc’s holdings in Texas Instruments were worth $2,270,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of TXN. Norges Bank bought a new stake in shares of Texas Instruments in the 4th quarter valued at $2,584,490,000. Assenagon Asset Management S.A. grew its position in Texas Instruments by 948.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 4,794,646 shares of the semiconductor company’s stock valued at $899,044,000 after purchasing an additional 4,337,295 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Texas Instruments by 11.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 21,487,468 shares of the semiconductor company’s stock valued at $4,029,115,000 after buying an additional 2,237,035 shares during the last quarter. Invesco Ltd. boosted its stake in Texas Instruments by 15.4% during the 4th quarter. Invesco Ltd. now owns 11,893,157 shares of the semiconductor company’s stock valued at $2,230,086,000 after purchasing an additional 1,587,036 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Texas Instruments during the fourth quarter worth $295,665,000. Institutional investors and hedge funds own 84.99% of the company’s stock.

Texas Instruments Stock Performance

NASDAQ:TXN opened at $188.20 on Wednesday. The company has a quick ratio of 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76. The firm’s fifty day simple moving average is $167.11 and its 200 day simple moving average is $184.84. The stock has a market cap of $170.97 billion, a P/E ratio of 36.26, a price-to-earnings-growth ratio of 3.30 and a beta of 0.97. Texas Instruments Incorporated has a twelve month low of $139.95 and a twelve month high of $220.39.

Texas Instruments (NASDAQ:TXN) last posted its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 EPS for the quarter, topping the consensus estimate of $1.06 by $0.22. The firm had revenue of $4.07 billion during the quarter, compared to analysts’ expectations of $3.91 billion. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. The company’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same period last year, the company posted $1.10 EPS. As a group, research analysts predict that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Wednesday, April 30th were given a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a yield of 2.89%. The ex-dividend date of this dividend was Wednesday, April 30th. Texas Instruments’s dividend payout ratio is currently 103.23%.

Insider Buying and Selling at Texas Instruments

In other news, Director Janet F. Clark sold 6,065 shares of the stock in a transaction 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 sale, the director now directly owns 10,816 shares of the company’s stock, valued at approximately $2,202,353.92. This represents a 35.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Richard K. Templeton sold 97,000 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $202.72, for a total transaction of $19,663,840.00. Following the sale, the chairman now directly owns 409,089 shares in the company, valued at $82,930,522.08. This trade represents a 19.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 297,065 shares of company stock valued at $59,734,685. 0.57% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. UBS Group decreased their price objective on shares of Texas Instruments from $225.00 to $215.00 and set a “buy” rating for the company in a research note on Thursday, April 24th. Baird R W raised shares of Texas Instruments from a “hold” rating to a “strong-buy” rating in a report on Monday, April 7th. Summit Insights cut Texas Instruments from a “buy” rating to a “hold” rating in a report on Thursday, April 24th. Benchmark lowered their price objective on Texas Instruments from $230.00 to $200.00 and set a “buy” rating on the stock in a research report on Thursday, April 24th. Finally, DZ Bank upgraded shares of Texas Instruments from a “sell” rating to a “hold” rating and set a $163.00 target price for the company in a research report on Friday, April 25th. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $189.41.

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.