Deseret Mutual Benefit Administrators Buys 114 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Deseret Mutual Benefit Administrators grew its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 2.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,796 shares of the semiconductor company’s stock after buying an additional 114 shares during the quarter. Deseret Mutual Benefit Administrators’ holdings in Texas Instruments were worth $899,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Fiduciary Alliance LLC lifted its holdings in Texas Instruments by 25.3% in the fourth quarter. Fiduciary Alliance LLC now owns 36,801 shares of the semiconductor company’s stock valued at $6,901,000 after acquiring an additional 7,424 shares during the period. Townsquare Capital LLC increased its position in shares of Texas Instruments by 5.9% during the 3rd quarter. Townsquare Capital LLC now owns 93,689 shares of the semiconductor company’s stock valued at $19,353,000 after purchasing an additional 5,201 shares during the last quarter. Ameritas Advisory Services LLC lifted its stake in shares of Texas Instruments by 73.7% in the 4th quarter. Ameritas Advisory Services LLC now owns 8,739 shares of the semiconductor company’s stock worth $1,639,000 after purchasing an additional 3,707 shares during the period. HB Wealth Management LLC lifted its stake in shares of Texas Instruments by 4.4% in the 4th quarter. HB Wealth Management LLC now owns 99,856 shares of the semiconductor company’s stock worth $18,724,000 after purchasing an additional 4,238 shares during the period. Finally, Swiss National Bank boosted its holdings in shares of Texas Instruments by 0.3% in the third quarter. Swiss National Bank now owns 2,702,500 shares of the semiconductor company’s stock worth $558,255,000 after buying an additional 8,100 shares during the last quarter. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Texas Instruments

In other Texas Instruments news, Director Mark A. Blinn sold 590 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $180.71, for a total transaction of $106,618.90. Following the sale, the director now directly owns 11,717 shares in the company, valued at $2,117,379.07. This represents a 4.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Ronald Kirk sold 10,539 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $203.33, for a total value of $2,142,894.87. Following the completion of the sale, the director now directly owns 14,323 shares of the company’s stock, valued at $2,912,295.59. The trade was a 42.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.68% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have commented on TXN shares. Mizuho reduced their target price on shares of Texas Instruments from $200.00 to $190.00 and set a “neutral” rating for the company in a report on Friday, January 24th. Truist Financial decreased 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. Benchmark reiterated a “buy” rating and set a $230.00 target price on shares of Texas Instruments in a research report on Friday, January 24th. Rosenblatt Securities restated a “buy” rating and issued a $250.00 price target on shares of Texas Instruments in a research report on Tuesday, January 21st. Finally, Wells Fargo & Company lowered their price objective on Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, Texas Instruments has a consensus rating of “Hold” and an average price target of $209.20.

Texas Instruments Stock Down 1.0 %

Shares of TXN stock opened at $202.00 on Friday. The company’s fifty day simple moving average is $188.44 and its two-hundred day simple moving average is $197.42. Texas Instruments Incorporated has a 52 week low of $159.11 and a 52 week high of $220.38. The stock has a market cap of $183.89 billion, a P/E ratio of 38.92, a PEG ratio of 3.30 and a beta of 0.97. The company has a quick ratio of 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76.

Texas Instruments (NASDAQ:TXN) last posted its earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 EPS for the quarter, topping 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 prior year, the company earned $1.49 EPS. Analysts predict that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st were given a dividend of $1.36 per share. The ex-dividend date of this dividend was Friday, January 31st. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.69%. Texas Instruments’s dividend payout ratio is currently 104.82%.

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.