Trust Point Inc. Boosts Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Trust Point Inc. grew its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 9.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 8,069 shares of the semiconductor company’s stock after purchasing an additional 728 shares during the quarter. Trust Point Inc.’s holdings in Texas Instruments were worth $1,513,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Alliance Wealth Advisors LLC UT grew its stake in Texas Instruments by 1.4% in the 4th quarter. Alliance Wealth Advisors LLC UT now owns 15,219 shares of the semiconductor company’s stock worth $2,854,000 after acquiring an additional 208 shares in the last quarter. Financial Life Planners bought a new position in Texas Instruments in the 4th quarter worth about $26,000. Chicago Capital LLC grew its stake in Texas Instruments by 22.3% in the 4th quarter. Chicago Capital LLC now owns 10,009 shares of the semiconductor company’s stock worth $1,877,000 after acquiring an additional 1,823 shares in the last quarter. Willis Investment Counsel grew its stake in Texas Instruments by 0.4% in the 4th quarter. Willis Investment Counsel now owns 252,895 shares of the semiconductor company’s stock worth $47,420,000 after acquiring an additional 1,022 shares in the last quarter. Finally, CENTRAL TRUST Co grew its stake in Texas Instruments by 3.3% in the 4th quarter. CENTRAL TRUST Co now owns 14,978 shares of the semiconductor company’s stock worth $2,809,000 after acquiring an additional 482 shares in the last quarter. 84.99% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Ronald Kirk sold 10,539 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $203.33, for a total transaction of $2,142,894.87. Following the completion of the transaction, the director now owns 14,323 shares of the company’s stock, 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 SEC, which is available at this hyperlink. 0.68% of the stock is currently owned by corporate insiders.

Texas Instruments Trading Down 2.0 %

NASDAQ TXN opened at $180.94 on Tuesday. The company has a fifty day simple moving average of $191.69 and a two-hundred day simple moving average of $198.75. The stock has a market cap of $165.06 billion, a P/E ratio of 34.86, a P/E/G ratio of 2.94 and a beta of 0.97. Texas Instruments Incorporated has a 12-month low of $155.46 and a 12-month high of $220.38. 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 (NASDAQ:TXN) last posted its quarterly earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 in the previous year, the company earned $1.49 earnings per share. On average, analysts forecast that Texas Instruments Incorporated will post 5.42 earnings per share for the current year.

Texas Instruments Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 11th. Investors of record on Friday, January 31st will be issued a dividend of $1.36 per share. The ex-dividend date is Friday, January 31st. This represents a $5.44 annualized dividend and a dividend yield of 3.01%. Texas Instruments’s dividend payout ratio (DPR) is presently 104.82%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on TXN shares. Rosenblatt Securities restated a “buy” rating and issued a $250.00 target price on shares of Texas Instruments in a research note on Tuesday, January 21st. Truist Financial dropped their price objective on shares of Texas Instruments from $199.00 to $195.00 and set a “hold” rating on the stock in a research note on Friday, January 24th. Evercore ISI increased 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. Morgan Stanley increased their price objective on shares of Texas Instruments from $154.00 to $167.00 and gave the company an “underweight” rating in a research note on Wednesday, October 23rd. Finally, Summit Insights upgraded shares of Texas Instruments from a “hold” rating to a “buy” rating in a research note on Wednesday, October 23rd. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target 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.