Texas Instruments Incorporated (NASDAQ:TXN) Shares Bought by Mendota Financial Group LLC

Mendota Financial Group LLC raised its holdings in Texas Instruments Incorporated (NASDAQ:TXNFree Report) by 246.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 941 shares of the semiconductor company’s stock after buying an additional 669 shares during the quarter. Mendota Financial Group LLC’s holdings in Texas Instruments were worth $160,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. AXQ Capital LP lifted its holdings in Texas Instruments by 64.3% in the third quarter. AXQ Capital LP now owns 4,600 shares of the semiconductor company’s stock valued at $731,000 after acquiring an additional 1,800 shares during the period. First National Bank of Mount Dora Trust Investment Services raised its stake in shares of Texas Instruments by 0.4% during the 4th quarter. First National Bank of Mount Dora Trust Investment Services now owns 42,134 shares of the semiconductor company’s stock worth $7,182,000 after buying an additional 155 shares during the last quarter. Verdence Capital Advisors LLC raised its stake in shares of Texas Instruments by 39.9% during the 3rd quarter. Verdence Capital Advisors LLC now owns 8,405 shares of the semiconductor company’s stock worth $1,336,000 after buying an additional 2,397 shares during the last quarter. Salem Investment Counselors Inc. raised its stake in shares of Texas Instruments by 2.2% during the 4th quarter. Salem Investment Counselors Inc. now owns 8,232 shares of the semiconductor company’s stock worth $1,403,000 after buying an additional 177 shares during the last quarter. Finally, Kestra Advisory Services LLC raised its stake in shares of Texas Instruments by 4.9% during the 3rd quarter. Kestra Advisory Services LLC now owns 121,907 shares of the semiconductor company’s stock worth $19,384,000 after buying an additional 5,673 shares during the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Barclays cut their price target on Texas Instruments from $160.00 to $150.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 24th. TD Cowen lifted their price target on Texas Instruments from $145.00 to $160.00 and gave the stock a “market perform” rating in a research note on Wednesday, January 24th. KeyCorp lifted their price target on Texas Instruments from $180.00 to $200.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 24th. Rosenblatt Securities reissued a “buy” rating and issued a $190.00 target price on shares of Texas Instruments in a research note on Tuesday, January 23rd. Finally, Mizuho cut their target price on shares of Texas Instruments from $170.00 to $164.00 and set a “neutral” rating for the company in a research note on Wednesday, January 24th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $173.89.

Read Our Latest Stock Report on TXN

Insider Transactions at Texas Instruments

In other Texas Instruments news, Director Mark A. Blinn sold 1,744 shares of the company’s stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $159.85, for a total value of $278,778.40. Following the completion of the transaction, the director now owns 11,693 shares in the company, valued at approximately $1,869,126.05. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.68% of the company’s stock.

Texas Instruments Stock Up 0.8 %

Shares of NASDAQ:TXN opened at $174.21 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 3.35 and a current ratio of 4.55. Texas Instruments Incorporated has a 1 year low of $139.48 and a 1 year high of $188.12. The stock has a market capitalization of $158.54 billion, a P/E ratio of 24.68, a PEG ratio of 3.75 and a beta of 1.04. The stock has a 50-day simple moving average of $166.79 and a 200-day simple moving average of $161.01.

Texas Instruments (NASDAQ:TXNGet Free Report) last issued its earnings results on Monday, January 22nd. The semiconductor company reported $1.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $0.03. Texas Instruments had a return on equity of 39.96% and a net margin of 37.16%. The business had revenue of $4.08 billion during the quarter, compared to analysts’ expectations of $4.12 billion. During the same quarter in the previous year, the business earned $2.13 EPS. The company’s revenue for the quarter was down 12.7% on a year-over-year basis. Equities analysts forecast that Texas Instruments Incorporated will post 5.16 earnings per share for the current year.

Texas Instruments Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 13th. Stockholders of record on Wednesday, January 31st were issued a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.98%. The ex-dividend date of this dividend was Tuesday, January 30th. Texas Instruments’s payout ratio is currently 73.65%.

About Texas Instruments

(Free Report)

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.

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Institutional Ownership by Quarter for Texas Instruments (NASDAQ:TXN)

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