Albion Financial Group UT Buys 3,536 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Albion Financial Group UT lifted its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 16.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,444 shares of the semiconductor company’s stock after acquiring an additional 3,536 shares during the period. Albion Financial Group UT’s holdings in Texas Instruments were worth $4,258,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in TXN. Tradewinds Capital Management LLC boosted its stake in Texas Instruments by 71.1% during the first quarter. Tradewinds Capital Management LLC now owns 243 shares of the semiconductor company’s stock valued at $42,000 after buying an additional 101 shares during the period. Azzad Asset Management Inc. ADV boosted its stake in Texas Instruments by 3.8% during the first quarter. Azzad Asset Management Inc. ADV now owns 15,177 shares of the semiconductor company’s stock valued at $2,644,000 after buying an additional 550 shares during the period. Naviter Wealth LLC boosted its stake in Texas Instruments by 62.8% during the first quarter. Naviter Wealth LLC now owns 9,797 shares of the semiconductor company’s stock valued at $1,707,000 after buying an additional 3,781 shares during the period. Capital Advisors Ltd. LLC boosted its stake in Texas Instruments by 4.5% during the first quarter. Capital Advisors Ltd. LLC now owns 3,171 shares of the semiconductor company’s stock valued at $552,000 after buying an additional 138 shares during the period. Finally, Cullinan Associates Inc. boosted its stake in Texas Instruments by 28.0% during the first quarter. Cullinan Associates Inc. now owns 110,468 shares of the semiconductor company’s stock valued at $19,245,000 after buying an additional 24,178 shares during the period. 84.99% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Robert E. Sanchez sold 10,539 shares of the company’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $174.97, for a total value of $1,844,008.83. Following the completion of the transaction, the director now owns 20,461 shares of the company’s stock, valued at approximately $3,580,061.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Texas Instruments news, Director Robert E. Sanchez sold 10,539 shares of the stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $174.97, for a total transaction of $1,844,008.83. Following the completion of the transaction, the director now owns 20,461 shares of the company’s stock, valued at approximately $3,580,061.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Richard K. Templeton sold 104,000 shares of the stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $178.68, for a total transaction of $18,582,720.00. Following the transaction, the chairman now directly owns 403,851 shares of the company’s stock, valued at approximately $72,160,096.68. The disclosure for this sale can be found here. In the last quarter, insiders sold 328,969 shares of company stock valued at $58,427,984. Company insiders own 0.68% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on TXN. Rosenblatt Securities restated a “buy” rating and set a $210.00 price target on shares of Texas Instruments in a research report on Wednesday, April 24th. Robert W. Baird raised their price target on Texas Instruments from $125.00 to $175.00 and gave the company a “neutral” rating in a research report on Thursday, April 25th. Truist Financial raised their price target on Texas Instruments from $165.00 to $167.00 and gave the company a “hold” rating in a research report on Wednesday, April 24th. Mizuho lifted their price objective on Texas Instruments from $164.00 to $170.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. Finally, The Goldman Sachs Group lifted their price objective on Texas Instruments from $137.00 to $157.00 and gave the stock a “sell” rating in a report on Wednesday, April 24th. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $183.43.

Texas Instruments Stock Performance

TXN traded up $0.52 during mid-day trading on Wednesday, reaching $198.94. 2,454,704 shares of the company traded hands, compared to its average volume of 5,520,141. The stock has a market capitalization of $181.13 billion, a P/E ratio of 30.80, a P/E/G ratio of 4.21 and a beta of 0.99. The company has a quick ratio of 3.76, a current ratio of 4.91 and a debt-to-equity ratio of 0.76. The company’s fifty day moving average price is $191.54 and its 200-day moving average price is $175.77. Texas Instruments Incorporated has a 52-week low of $139.48 and a 52-week high of $206.00.

Texas Instruments (NASDAQ:TXN) last announced its earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. The business had revenue of $3.66 billion during the quarter, compared to analyst estimates of $3.61 billion. Texas Instruments had a net margin of 35.16% and a return on equity of 35.28%. The company’s quarterly revenue was down 16.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.85 EPS. On average, sell-side analysts expect that Texas Instruments Incorporated will post 5.13 EPS for the current year.

Texas Instruments Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 21st. Investors of record on Wednesday, May 8th were issued a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 2.61%. The ex-dividend date of this dividend was Tuesday, May 7th. Texas Instruments’s dividend payout ratio is currently 81.12%.

Texas Instruments Company 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.