Vident Advisory LLC Acquires 1,152 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Vident Advisory LLC boosted its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 5.0% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 24,078 shares of the semiconductor company’s stock after purchasing an additional 1,152 shares during the quarter. Vident Advisory LLC’s holdings in Texas Instruments were worth $4,195,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in TXN. Tennessee Valley Asset Management Partners purchased a new position in shares of Texas Instruments during the fourth quarter valued at approximately $25,000. Life Planning Partners Inc bought a new position in Texas Instruments in the 4th quarter valued at $26,000. Richardson Financial Services Inc. bought a new position in Texas Instruments in the 4th quarter valued at $26,000. Scarborough Advisors LLC bought a new position in Texas Instruments in the 4th quarter valued at $26,000. Finally, Pacific Capital Wealth Advisors Inc. bought a new position in shares of Texas Instruments during the 4th quarter worth $31,000. 84.99% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on TXN. Rosenblatt Securities increased their price objective on Texas Instruments from $210.00 to $250.00 and gave the stock a “buy” rating in a report on Monday. Benchmark reissued a “buy” rating and set a $230.00 price objective on shares of Texas Instruments in a report on Wednesday. Jefferies Financial Group raised their price target on Texas Instruments from $175.00 to $185.00 and gave the company a “hold” rating in a report on Wednesday. Truist Financial raised their price target on Texas Instruments from $167.00 to $203.00 and gave the company a “hold” rating in a report on Wednesday. Finally, Mizuho raised their price target on Texas Instruments from $164.00 to $170.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $198.64.

Insider Transactions at Texas Instruments

In other news, Director Pamela H. Patsley sold 9,990 shares of the company’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $179.12, for a total value of $1,789,408.80. Following the completion of the transaction, the director now owns 33,348 shares of the company’s stock, valued at $5,973,293.76. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, Chairman Richard K. Templeton sold 104,000 shares of the business’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $175.83, for a total value of $18,286,320.00. Following the sale, the chairman now directly owns 403,851 shares in the company, valued at $71,009,121.33. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Pamela H. Patsley sold 9,990 shares of the business’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $179.12, for a total value of $1,789,408.80. Following the completion of the sale, the director now owns 33,348 shares in the company, valued at $5,973,293.76. The disclosure for this sale can be found here. Insiders sold a total of 328,969 shares of company stock valued at $58,427,984 over the last 90 days. Company insiders own 0.68% of the company’s stock.

Texas Instruments Stock Up 2.5 %

Shares of TXN stock traded up $4.87 during mid-day trading on Friday, hitting $202.02. The company’s stock had a trading volume of 1,657,660 shares, compared to its average volume of 5,484,177. Texas Instruments Incorporated has a 52-week low of $139.48 and a 52-week high of $210.84. The business has a 50-day moving average price of $197.90 and a 200 day moving average price of $179.55. The company has a debt-to-equity ratio of 0.75, a quick ratio of 3.76 and a current ratio of 4.62. The stock has a market cap of $183.94 billion, a price-to-earnings ratio of 30.76, a PEG ratio of 4.29 and a beta of 0.99.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data on Tuesday, July 23rd. The semiconductor company reported $1.22 EPS for the quarter, topping the consensus estimate of $1.16 by $0.06. Texas Instruments had a return on equity of 31.10% and a net margin of 33.01%. The company had revenue of $3.82 billion during the quarter, compared to analyst estimates of $3.82 billion. During the same quarter in the previous year, the company posted $1.87 earnings per share. Texas Instruments’s revenue was down 15.6% compared to the same quarter last year. Research analysts predict that Texas Instruments Incorporated will post 5.14 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 13th. Shareholders of record on Wednesday, July 31st will be issued a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 2.57%. The ex-dividend date of this dividend is Wednesday, July 31st. Texas Instruments’s dividend payout ratio is presently 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.