Texas Instruments Incorporated (NASDAQ:TXN) Shares Acquired by Integrated Investment Consultants LLC

Integrated Investment Consultants LLC lifted its position in shares of Texas Instruments Incorporated (NASDAQ:TXN – Get Rating) by 42.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,088 shares of the semiconductor company’s stock after purchasing an additional 626 shares during the period. Integrated Investment Consultants LLC’s holdings in Texas Instruments were worth $323,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in TXN. Fairfield Bush & CO. acquired a new stake in Texas Instruments in the first quarter valued at $56,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in Texas Instruments by 32.4% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 996,880 shares of the semiconductor company’s stock valued at $182,908,000 after acquiring an additional 243,907 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its holdings in shares of Texas Instruments by 7.4% during the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 6,023 shares of the semiconductor company’s stock worth $1,105,000 after purchasing an additional 413 shares during the period. Wsfs Capital Management LLC acquired a new stake in shares of Texas Instruments during the first quarter worth $337,000. Finally, Bridgefront Capital LLC acquired a new stake in shares of Texas Instruments during the first quarter worth $315,000. 83.12% of the stock is owned by institutional investors and hedge funds.

Texas Instruments Stock Performance

Shares of TXN opened at $174.39 on Thursday. The firm has a 50-day moving average price of $175.41 and a 200 day moving average price of $169.37. The firm has a market capitalization of $158.03 billion, a PE ratio of 18.55, a P/E/G ratio of 2.44 and a beta of 1.04. The company has a quick ratio of 3.77, a current ratio of 4.70 and a debt-to-equity ratio of 0.56. Texas Instruments Incorporated has a 52-week low of $144.46 and a 52-week high of $191.34.

Texas Instruments (NASDAQ:TXN – Get Rating) last posted its quarterly earnings data on Tuesday, January 24th. The semiconductor company reported $2.13 earnings per share for the quarter, beating the consensus estimate of $1.96 by $0.17. Texas Instruments had a net margin of 43.68% and a return on equity of 61.06%. The company had revenue of $4.67 billion during the quarter, compared to analyst estimates of $4.64 billion. During the same quarter last year, the firm posted $2.27 EPS. The business’s revenue for the quarter was down 3.4% on a year-over-year basis. On average, sell-side analysts anticipate that Texas Instruments Incorporated will post 7.53 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 14th. Stockholders of record on Tuesday, January 31st were given a dividend of $1.24 per share. The ex-dividend date was Monday, January 30th. This represents a $4.96 annualized dividend and a dividend yield of 2.84%. Texas Instruments’s dividend payout ratio (DPR) is 52.77%.

Insider Activity

In other news, VP Ahmad Bahai sold 1,200 shares of the firm’s stock in a transaction dated Monday, February 13th. The shares were sold at an average price of $176.67, for a total transaction of $212,004.00. Following the completion of the transaction, the vice president now owns 30,357 shares in the company, valued at approximately $5,363,171.19. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Texas Instruments news, Director Mark A. Blinn sold 3,068 shares of the company’s stock in a transaction dated Friday, February 3rd. The shares were sold at an average price of $181.69, for a total transaction of $557,424.92. Following the completion of the sale, the director now directly owns 11,773 shares of the company’s stock, valued at $2,139,036.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Ahmad Bahai sold 1,200 shares of the company’s stock in a transaction dated Monday, February 13th. The shares were sold at an average price of $176.67, for a total transaction of $212,004.00. Following the sale, the vice president now directly owns 30,357 shares of the company’s stock, valued at $5,363,171.19. The disclosure for this sale can be found here. Insiders own 0.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on TXN shares. Deutsche Bank Aktiengesellschaft increased their target price on shares of Texas Instruments from $155.00 to $158.00 in a report on Wednesday, December 14th. Mizuho increased their target price on shares of Texas Instruments from $159.00 to $165.00 and gave the stock a “neutral” rating in a report on Wednesday, January 25th. Barclays increased their target price on shares of Texas Instruments from $150.00 to $165.00 and gave the stock an “equal weight” rating in a report on Monday, January 23rd. Truist Financial increased their target price on shares of Texas Instruments from $177.00 to $180.00 and gave the stock a “hold” rating in a report on Friday, February 3rd. Finally, Morgan Stanley upped their price target on shares of Texas Instruments from $152.00 to $166.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 25th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $179.70.

About Texas Instruments

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Texas Instruments Incorporated engages in the design and manufacture of semiconductors. It operates through Analog and Embedded Processing segments. The Analog segment includes semiconductors change real-world signals, such as sound, temperature, pressure or images, by conditioning them, amplifying them and often converting them to a stream of digital data that can be processed by other semiconductors, such as embedded processors.