First Business Financial Services Inc. Has $2.37 Million Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

First Business Financial Services Inc. increased its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 4.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,642 shares of the semiconductor company’s stock after purchasing an additional 486 shares during the period. First Business Financial Services Inc.’s holdings in Texas Instruments were worth $2,371,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Howard Capital Management Group LLC acquired a new position in shares of Texas Instruments during the third quarter worth about $202,000. Robeco Institutional Asset Management B.V. boosted its position in shares of Texas Instruments by 9.8% during the third quarter. Robeco Institutional Asset Management B.V. now owns 87,400 shares of the semiconductor company’s stock worth $18,054,000 after buying an additional 7,831 shares during the period. Catalyst Capital Advisors LLC boosted its position in shares of Texas Instruments by 62.3% during the third quarter. Catalyst Capital Advisors LLC now owns 1,423 shares of the semiconductor company’s stock worth $294,000 after buying an additional 546 shares during the period. Long Run Wealth Advisors LLC acquired a new position in shares of Texas Instruments during the third quarter worth about $1,241,000. Finally, Balentine LLC boosted its position in shares of Texas Instruments by 4.3% during the third quarter. Balentine LLC now owns 1,844 shares of the semiconductor company’s stock worth $381,000 after buying an additional 76 shares during the period. 84.99% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently weighed in on TXN shares. Benchmark reaffirmed a “buy” rating and set a $230.00 price objective on shares of Texas Instruments in a research report on Friday, January 24th. Barclays dropped their target price on Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating on the stock in a report on Friday, January 24th. Truist Financial dropped their target price on Texas Instruments from $199.00 to $195.00 and set a “hold” rating on the stock in a report on Friday, January 24th. Wells Fargo & Company dropped their target price on Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. Finally, Mizuho dropped their target price on Texas Instruments from $200.00 to $190.00 and set a “neutral” rating on the stock in a report on Friday, January 24th. Two equities research 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’s stock. According to data from MarketBeat, Texas Instruments currently has a consensus rating of “Hold” and an average price target of $209.20.

Texas Instruments Stock Up 0.4 %

Shares of TXN opened at $195.57 on Thursday. Texas Instruments Incorporated has a 52 week low of $159.11 and a 52 week high of $220.38. The stock has a market capitalization of $178.03 billion, a price-to-earnings ratio of 37.68, a PEG ratio of 3.30 and a beta of 0.97. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.88 and a current ratio of 4.12. The stock has a fifty day moving average of $189.69 and a 200-day moving average of $197.59.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 EPS for the quarter, beating analysts’ consensus estimates 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 business posted $1.49 earnings per share. As a group, sell-side analysts anticipate that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st were paid a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.78%. The ex-dividend date was Friday, January 31st. Texas Instruments’s payout ratio is 104.82%.

Insider Activity

In related news, Chairman Richard K. Templeton sold 97,000 shares of the firm’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $197.69, for a total transaction of $19,175,930.00. Following the completion of the transaction, the chairman now directly owns 409,089 shares of the company’s stock, valued at $80,872,804.41. This trade represents a 19.17 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mark A. Blinn sold 590 shares of the firm’s stock in a transaction on Tuesday, February 4th. The stock was 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 of the company’s stock, valued at approximately $2,117,379.07. This represents a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 297,655 shares of company stock worth $59,841,304. Insiders own 0.68% of the company’s stock.

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.