CFC Planning Co LLC Takes Position in Texas Instruments Incorporated (NASDAQ:TXN)

CFC Planning Co LLC bought a new position in shares of Texas Instruments Incorporated (NASDAQ:TXN) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 12,382 shares of the semiconductor company’s stock, valued at approximately $2,322,000. Texas Instruments accounts for approximately 2.5% of CFC Planning Co LLC’s portfolio, making the stock its 19th largest holding.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Financial Life Planners acquired a new stake in shares of Texas Instruments during the 4th quarter valued at $26,000. Retirement Wealth Solutions LLC acquired a new stake in shares of Texas Instruments during the fourth quarter worth $27,000. MidAtlantic Capital Management Inc. acquired a new stake in shares of Texas Instruments during the third quarter worth $28,000. Tsfg LLC lifted its holdings in shares of Texas Instruments by 82.0% during the third quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock valued at $38,000 after purchasing an additional 82 shares during the last quarter. Finally, Capital Performance Advisors LLP acquired a new position in shares of Texas Instruments in the 3rd quarter valued at $39,000. 84.99% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

TXN has been the subject of a number of analyst reports. Evercore ISI upped their price objective on shares of Texas Instruments from $268.00 to $298.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Truist Financial reduced their price target on shares of Texas Instruments from $199.00 to $195.00 and set a “hold” rating for the company in a research report on Friday, January 24th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $250.00 price objective on shares of Texas Instruments in a research note on Tuesday, January 21st. Bank of America cut their target price on shares of Texas Instruments from $220.00 to $215.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 23rd. Finally, Benchmark reaffirmed a “buy” rating and issued a $230.00 target price on shares of Texas Instruments in a research report on Friday, January 24th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $209.20.

Texas Instruments Price Performance

NASDAQ TXN opened at $180.80 on Friday. 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 stock has a market capitalization of $164.93 billion, a PE ratio of 34.84, a price-to-earnings-growth ratio of 2.95 and a beta of 0.97. Texas Instruments Incorporated has a 12-month low of $156.57 and a 12-month high of $220.38. The company has a 50 day moving average price of $188.63 and a two-hundred day moving average price of $197.63.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings data on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate 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 period last year, the firm posted $1.49 earnings per share. As a group, equities analysts predict that Texas Instruments Incorporated will post 5.38 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The business also recently disclosed 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. This represents a $5.44 dividend on an annualized basis and a dividend yield of 3.01%. The ex-dividend date was Friday, January 31st. Texas Instruments’s dividend payout ratio is 104.82%.

Insider Activity at Texas Instruments

In related news, Director Mark A. Blinn sold 590 shares of the firm’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $180.71, for a total value of $106,618.90. Following the transaction, the director now directly owns 11,717 shares in the company, valued at approximately $2,117,379.07. This trade represents a 4.79 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Ronald Kirk sold 10,539 shares of the business’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $203.33, for a total transaction of $2,142,894.87. Following the transaction, the director now directly owns 14,323 shares of the company’s stock, valued at approximately $2,912,295.59. This represents a 42.39 % decrease in their position. The disclosure for this sale can be found here. 0.68% of the stock is owned by company insiders.

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.