Pinkerton Retirement Specialists LLC Buys 643 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Pinkerton Retirement Specialists LLC boosted its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 2.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 23,639 shares of the semiconductor company’s stock after purchasing an additional 643 shares during the quarter. Pinkerton Retirement Specialists LLC’s holdings in Texas Instruments were worth $4,433,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in TXN. Diversify Wealth Management LLC raised its stake in Texas Instruments by 75.9% in the fourth quarter. Diversify Wealth Management LLC now owns 2,035 shares of the semiconductor company’s stock valued at $387,000 after buying an additional 878 shares during the last quarter. Diversify Advisory Services LLC raised its stake in Texas Instruments by 20.1% in the fourth quarter. Diversify Advisory Services LLC now owns 4,149 shares of the semiconductor company’s stock valued at $789,000 after buying an additional 694 shares during the last quarter. Aspiriant LLC raised its stake in Texas Instruments by 9.1% in the fourth quarter. Aspiriant LLC now owns 1,548 shares of the semiconductor company’s stock valued at $290,000 after buying an additional 129 shares during the last quarter. Atomi Financial Group Inc. raised its stake in Texas Instruments by 13.6% in the fourth quarter. Atomi Financial Group Inc. now owns 4,144 shares of the semiconductor company’s stock valued at $777,000 after buying an additional 496 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH raised its stake in Texas Instruments by 4.5% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 1,070,968 shares of the semiconductor company’s stock valued at $200,817,000 after buying an additional 45,877 shares during the last quarter. Institutional investors own 84.99% of the company’s stock.

Wall Street Analyst Weigh In

TXN has been the subject of a number of research analyst reports. Argus upgraded Texas Instruments to a “strong-buy” rating in a research note on Friday, April 25th. Seaport Res Ptn upgraded Texas Instruments to a “strong sell” rating in a research note on Wednesday, April 30th. Benchmark reduced their price objective on Texas Instruments from $230.00 to $200.00 and set a “buy” rating for the company in a research note on Thursday, April 24th. Barclays cut Texas Instruments from an “equal weight” rating to an “underweight” rating and reduced their price objective for the stock from $180.00 to $125.00 in a research note on Tuesday, April 22nd. Finally, Citigroup reduced their price objective on Texas Instruments from $235.00 to $210.00 and set a “buy” rating for the company in a research note on Friday, April 11th. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $189.41.

Texas Instruments Stock Down 1.7%

Texas Instruments stock opened at $185.42 on Thursday. The firm has a market cap of $168.45 billion, a price-to-earnings ratio of 35.73, a price-to-earnings-growth ratio of 3.30 and a beta of 0.97. Texas Instruments Incorporated has a 52 week low of $139.95 and a 52 week high of $220.39. The business’s 50-day moving average price is $168.03 and its 200 day moving average price is $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, beating the consensus estimate of $1.06 by $0.22. Texas Instruments had a return on equity of 28.08% and a net margin of 30.68%. The company had revenue of $4.07 billion for the quarter, compared to analyst estimates of $3.91 billion. During the same period last year, the company earned $1.10 earnings per share. Texas Instruments’s quarterly revenue was up 11.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Announces Dividend

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

Insider Transactions at Texas Instruments

In other news, 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 sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Richard K. Templeton sold 97,000 shares of Texas Instruments stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $202.68, for a total value of $19,659,960.00. Following the completion of the sale, the chairman now directly owns 409,089 shares in the company, valued at $82,914,158.52. This represents a 19.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 297,065 shares of company stock valued at $59,734,685 over the last ninety days. Insiders own 0.57% of the company’s stock.

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.