LPL Financial LLC Boosts Stake in Texas Instruments Incorporated (NASDAQ:TXN)

LPL Financial LLC raised its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 5.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 630,922 shares of the semiconductor company’s stock after buying an additional 33,403 shares during the quarter. LPL Financial LLC owned about 0.07% of Texas Instruments worth $118,304,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Promus Capital LLC bought a new position in shares of Texas Instruments in the 4th quarter valued at about $25,000. Financial Life Planners purchased a new stake in Texas Instruments during the fourth quarter valued at approximately $26,000. Retirement Wealth Solutions LLC bought a new stake in shares of Texas Instruments in the 4th quarter valued at approximately $27,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Texas Instruments in the 4th quarter worth approximately $28,000. Finally, Atala Financial Inc bought a new position in shares of Texas Instruments during the 4th quarter valued at approximately $37,000. Institutional investors own 84.99% of the company’s stock.

Texas Instruments Trading Up 3.6 %

TXN opened at $185.51 on Tuesday. Texas Instruments Incorporated has a 12 month low of $159.11 and a 12 month high of $220.39. The stock has a fifty day moving average price of $187.36 and a 200-day moving average price of $195.16. The firm has a market cap of $168.80 billion, a price-to-earnings ratio of 35.74, a PEG ratio of 3.30 and a beta of 0.98. The company has a current ratio of 4.12, a quick ratio of 2.88 and a debt-to-equity ratio of 0.76.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 EPS for the quarter, beating the consensus estimate of $1.20 by $0.10. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. During the same quarter last year, the business earned $1.49 earnings per share. As a group, equities research analysts anticipate that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st were issued a $1.36 dividend. This represents a $5.44 annualized dividend and a yield of 2.93%. The ex-dividend date was Friday, January 31st. Texas Instruments’s dividend payout ratio is currently 104.82%.

Analysts Set New Price Targets

Several research firms have commented on TXN. Truist Financial dropped their price objective on shares of Texas Instruments from $199.00 to $195.00 and set a “hold” rating for the company in a research note on Friday, January 24th. Wells Fargo & Company cut their price target on shares of Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. Benchmark reissued a “buy” rating and issued a $230.00 price objective on shares of Texas Instruments in a research note on Friday, January 24th. Barclays cut their target price on Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating on the stock in a research note on Friday, January 24th. Finally, Cantor Fitzgerald reissued a “neutral” rating and set a $200.00 price target on shares of Texas Instruments in a research note on Friday, January 24th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $209.20.

Insider Transactions at Texas Instruments

In related news, Director Mark A. Blinn sold 590 shares of the stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $180.71, for a total value of $106,618.90. Following the completion of the transaction, the director now directly owns 11,717 shares of the company’s stock, valued at $2,117,379.07. This trade represents a 4.79 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Richard K. Templeton sold 97,000 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $202.72, for a total transaction of $19,663,840.00. Following the sale, the chairman now directly owns 409,089 shares in the company, valued at approximately $82,930,522.08. This represents a 19.17 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 297,655 shares of company stock valued at $59,841,304. Corporate insiders own 0.57% of the company’s stock.

About Texas Instruments

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.