Texas Instruments Incorporated (NASDAQ:TXN) Shares Purchased by Douglas Lane & Associates LLC

Douglas Lane & Associates LLC raised its position in Texas Instruments Incorporated (NASDAQ:TXN) by 6.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,947 shares of the semiconductor company’s stock after acquiring an additional 118 shares during the quarter. Douglas Lane & Associates LLC’s holdings in Texas Instruments were worth $365,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Worth Asset Management LLC increased its stake in Texas Instruments by 14.5% during the 4th quarter. Worth Asset Management LLC now owns 4,936 shares of the semiconductor company’s stock worth $926,000 after buying an additional 626 shares during the period. Bangor Savings Bank increased its position in shares of Texas Instruments by 13.7% during the fourth quarter. Bangor Savings Bank now owns 812 shares of the semiconductor company’s stock worth $152,000 after acquiring an additional 98 shares during the period. Advance Capital Management Inc. raised its stake in shares of Texas Instruments by 41.8% in the fourth quarter. Advance Capital Management Inc. now owns 1,394 shares of the semiconductor company’s stock valued at $261,000 after acquiring an additional 411 shares in the last quarter. Insight Wealth Strategies LLC boosted its holdings in Texas Instruments by 7.5% in the fourth quarter. Insight Wealth Strategies LLC now owns 12,116 shares of the semiconductor company’s stock valued at $2,272,000 after purchasing an additional 850 shares during the period. Finally, Central Pacific Bank Trust Division boosted its holdings in Texas Instruments by 0.6% in the fourth quarter. Central Pacific Bank Trust Division now owns 17,948 shares of the semiconductor company’s stock valued at $3,365,000 after purchasing an additional 112 shares during the period. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have issued reports on TXN. Mizuho set a $200.00 price target on Texas Instruments in a research report on Friday, October 18th. Bank of America decreased their price target on shares of Texas Instruments from $220.00 to $215.00 and set a “neutral” rating for the company in a research note on Wednesday, October 23rd. Truist Financial reduced their price objective on shares of Texas Instruments from $198.00 to $190.00 and set a “hold” rating on the stock in a report on Wednesday, October 23rd. Evercore ISI boosted their target price on shares of Texas Instruments from $268.00 to $298.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Finally, Susquehanna cut their price target on Texas Instruments from $250.00 to $240.00 and set a “positive” rating on the stock in a research note on Monday, October 21st. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat, Texas Instruments currently has an average rating of “Hold” and a consensus price target of $210.05.

Insider Activity at Texas Instruments

In related news, Director Ronald Kirk sold 10,539 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $203.33, for a total value of $2,142,894.87. Following the completion of the sale, the director now owns 14,323 shares in the company, valued at $2,912,295.59. This trade represents a 42.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Robert E. Sanchez sold 9,990 shares of the business’s stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $208.80, for a total value of $2,085,912.00. Following the transaction, the director now owns 20,461 shares in the company, valued at $4,272,256.80. The trade was a 32.81 % decrease in their position. The disclosure for this sale can be found here. 0.68% of the stock is currently owned by insiders.

Texas Instruments Stock Down 0.3 %

Shares of NASDAQ:TXN opened at $191.66 on Thursday. The firm has a fifty day moving average price of $197.26 and a 200 day moving average price of $199.78. Texas Instruments Incorporated has a 1-year low of $155.46 and a 1-year high of $220.38. The company has a debt-to-equity ratio of 0.74, a current ratio of 4.31 and a quick ratio of 3.14. The stock has a market cap of $174.84 billion, a P/E ratio of 35.62, a P/E/G ratio of 4.19 and a beta of 0.98.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.09. The firm had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $4.12 billion. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. The firm’s revenue for the quarter was down 8.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.80 EPS. Sell-side analysts predict that Texas Instruments Incorporated will post 5.08 EPS for the current year.

Texas Instruments Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st were paid a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a dividend yield of 2.84%. The ex-dividend date was Thursday, October 31st. This is a boost from Texas Instruments’s previous quarterly dividend of $1.30. Texas Instruments’s dividend payout ratio is 101.12%.

Texas Instruments 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.