World Equity Group Inc. Raises Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

World Equity Group Inc. boosted its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 105.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,200 shares of the semiconductor company’s stock after purchasing an additional 1,645 shares during the period. World Equity Group Inc.’s holdings in Texas Instruments were worth $600,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Financial Life Planners acquired a new position in shares of Texas Instruments in the fourth quarter valued at approximately $26,000. Retirement Wealth Solutions LLC acquired a new position in shares of Texas Instruments in the fourth quarter valued at approximately $27,000. MidAtlantic Capital Management Inc. acquired a new position in shares of Texas Instruments in the third quarter valued at approximately $28,000. Capital Performance Advisors LLP acquired a new position in shares of Texas Instruments in the third quarter valued at approximately $39,000. Finally, FSA Wealth Management LLC acquired a new position in shares of Texas Instruments in the third quarter valued at approximately $41,000. 84.99% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Texas Instruments news, Director Mark A. Blinn sold 590 shares of the firm’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $180.71, for a total value of $106,618.90. Following the completion of the sale, the director now owns 11,717 shares of the company’s stock, valued at approximately $2,117,379.07. This trade represents a 4.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.68% of the company’s stock.

Texas Instruments Price Performance

Shares of NASDAQ TXN opened at $202.00 on Monday. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.12 and a quick ratio of 2.88. The stock has a fifty day moving average price of $188.44 and a 200 day moving average price of $197.59. Texas Instruments Incorporated has a 1-year low of $159.11 and a 1-year high of $220.38. The company has a market cap of $183.89 billion, a PE ratio of 38.92, a P/E/G ratio of 3.30 and a beta of 0.97.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share for the quarter, topping the consensus estimate 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 quarter in the prior year, the firm earned $1.49 earnings per share. Sell-side analysts forecast that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Friday, January 31st were issued a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a dividend yield of 2.69%. The ex-dividend date of this dividend was Friday, January 31st. Texas Instruments’s dividend payout ratio is presently 104.82%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Wells Fargo & Company dropped their price objective on shares of Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. Mizuho lowered their price target 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. Barclays lowered their price target on shares of Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating for the company in a report on Friday, January 24th. Truist Financial lowered their price target on shares of Texas Instruments from $199.00 to $195.00 and set a “hold” rating for the company in a report on Friday, January 24th. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $250.00 price target on shares of Texas Instruments in a report on Tuesday, January 21st. Two equities 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’s stock. Based on data from MarketBeat, Texas Instruments has an average rating of “Hold” and a consensus price target of $209.20.

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.