Destination Wealth Management Boosts Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Destination Wealth Management grew its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 6.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,654 shares of the semiconductor company’s stock after purchasing an additional 99 shares during the period. Destination Wealth Management’s holdings in Texas Instruments were worth $310,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Promus Capital LLC purchased a new stake in shares of Texas Instruments in the fourth quarter valued at approximately $25,000. Financial Life Planners purchased a new stake in shares of Texas Instruments in the fourth quarter valued at approximately $26,000. Retirement Wealth Solutions LLC purchased a new stake in shares of Texas Instruments in the fourth quarter valued at approximately $27,000. MidAtlantic Capital Management Inc. purchased a new stake in shares of Texas Instruments in the third quarter valued at approximately $28,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new position in Texas Instruments in the fourth quarter worth approximately $28,000. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Texas Instruments Stock Up 0.6 %

Shares of NASDAQ TXN opened at $190.52 on Friday. The stock has a market cap of $173.44 billion, a P/E ratio of 36.71, a PEG ratio of 3.30 and a beta of 0.97. The company has a current ratio of 4.12, a quick ratio of 2.88 and a debt-to-equity ratio of 0.76. Texas Instruments Incorporated has a 12-month low of $159.11 and a 12-month high of $220.38. The business’s fifty day simple moving average is $189.62 and its 200-day simple moving average is $197.46.

Texas Instruments (NASDAQ:TXN) last announced 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 return on equity of 28.08% and a net margin of 30.68%. During the same period in the previous year, the company earned $1.49 EPS. As a group, equities analysts predict that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st were paid a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date was Friday, January 31st. Texas Instruments’s dividend payout ratio is presently 104.82%.

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, Chairman Richard K. Templeton sold 97,000 shares of the firm’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $202.72, for a total value 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Janet F. Clark sold 6,065 shares of the firm’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $203.62, for a total value of $1,234,955.30. Following the completion of the sale, the director now owns 10,816 shares in the company, valued at approximately $2,202,353.92. This represents a 35.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 297,655 shares of company stock worth $59,841,304 over the last ninety days. Corporate insiders own 0.68% of the company’s stock.

Analysts Set New Price Targets

TXN has been the subject of several analyst reports. Wells Fargo & Company lowered their price objective on Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating for the company in a research report on Monday, January 13th. Mizuho lowered their price objective on Texas Instruments from $200.00 to $190.00 and set a “neutral” rating for the company in a research report on Friday, January 24th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $200.00 price objective on shares of Texas Instruments in a research report on Friday, January 24th. Rosenblatt Securities reiterated a “buy” rating and issued a $250.00 price objective on shares of Texas Instruments in a research report on Tuesday, January 21st. Finally, Truist Financial lowered their price objective on Texas Instruments from $199.00 to $195.00 and set a “hold” rating for the company in a research report on Friday, January 24th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $209.20.

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.