Mosaic Family Wealth Partners LLC Raises Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Mosaic Family Wealth Partners LLC raised its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 66.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,003 shares of the semiconductor company’s stock after acquiring an additional 803 shares during the quarter. Mosaic Family Wealth Partners LLC’s holdings in Texas Instruments were worth $376,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of TXN. Norges Bank purchased a new position in shares of Texas Instruments during the 4th quarter worth $2,584,490,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Texas Instruments by 11.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 21,487,468 shares of the semiconductor company’s stock worth $4,029,115,000 after acquiring an additional 2,237,035 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Texas Instruments by 15.4% during the 4th quarter. Invesco Ltd. now owns 11,893,157 shares of the semiconductor company’s stock worth $2,230,086,000 after acquiring an additional 1,587,036 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Texas Instruments during the 4th quarter valued at $295,665,000. Finally, Van ECK Associates Corp raised its position in shares of Texas Instruments by 21.8% during the 4th quarter. Van ECK Associates Corp now owns 7,513,870 shares of the semiconductor company’s stock valued at $1,408,925,000 after purchasing an additional 1,345,629 shares during the period. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Insider Transactions at Texas Instruments

In other Texas Instruments news, Director Janet F. Clark sold 6,065 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $203.62, for a total transaction of $1,234,955.30. Following the transaction, the director now directly owns 10,816 shares in the company, valued at $2,202,353.92. This represents a 35.93% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Richard K. Templeton sold 97,000 shares of the stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $197.69, for a total transaction of $19,175,930.00. Following the transaction, the chairman now owns 409,089 shares in the company, valued at approximately $80,872,804.41. 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 three months, insiders have sold 297,065 shares of company stock valued at $59,734,685. 0.57% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on TXN. JPMorgan Chase & Co. decreased their price objective on shares of Texas Instruments from $230.00 to $195.00 and set an “overweight” rating on the stock in a research report on Thursday, April 24th. DZ Bank upgraded shares of Texas Instruments from a “sell” rating to a “hold” rating and set a $163.00 price objective on the stock in a research report on Friday, April 25th. Citigroup decreased 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 report on Friday, April 11th. Seaport Res Ptn upgraded shares of Texas Instruments to a “strong sell” rating in a research report on Wednesday, April 30th. Finally, Truist Financial decreased their price objective on shares of Texas Instruments from $195.00 to $171.00 and set a “hold” rating on the stock in a research report on Thursday, April 24th. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $189.41.

Texas Instruments Stock Performance

Shares of NASDAQ:TXN opened at $185.42 on Thursday. Texas Instruments Incorporated has a 52 week low of $139.95 and a 52 week high of $220.39. The stock has a market capitalization of $168.45 billion, a P/E ratio of 35.73, a PEG ratio of 3.30 and a beta of 0.97. The firm has a fifty day simple moving average of $168.03 and a two-hundred day simple moving average of $184.21. The company has a quick ratio of 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.22. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. The business had revenue of $4.07 billion during the quarter, compared to analysts’ expectations of $3.91 billion. During the same period last year, the company posted $1.10 EPS. The business’s revenue was up 11.1% on a year-over-year basis. On average, analysts expect that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Wednesday, April 30th were paid a $1.36 dividend. The ex-dividend date was Wednesday, April 30th. This represents a $5.44 dividend on an annualized basis and a yield of 2.93%. Texas Instruments’s dividend payout ratio is currently 103.23%.

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.