Mitchell Mcleod Pugh & Williams Inc. Acquires 115 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Mitchell Mcleod Pugh & Williams Inc. increased its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 1.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 8,189 shares of the semiconductor company’s stock after buying an additional 115 shares during the quarter. Mitchell Mcleod Pugh & Williams Inc.’s holdings in Texas Instruments were worth $1,536,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of TXN. Guinness Atkinson Asset Management Inc grew its stake in shares of Texas Instruments by 23.4% in the fourth quarter. Guinness Atkinson Asset Management Inc now owns 5,345 shares of the semiconductor company’s stock worth $1,002,000 after purchasing an additional 1,014 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in Texas Instruments by 0.8% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 9,773 shares of the semiconductor company’s stock worth $1,833,000 after buying an additional 73 shares during the period. Guinness Asset Management LTD grew its position in shares of Texas Instruments by 5.2% in the 4th quarter. Guinness Asset Management LTD now owns 1,018,305 shares of the semiconductor company’s stock valued at $190,944,000 after buying an additional 50,668 shares during the last quarter. Stokes Capital Advisors LLC grew its position in shares of Texas Instruments by 0.5% in the 4th quarter. Stokes Capital Advisors LLC now owns 42,496 shares of the semiconductor company’s stock valued at $7,968,000 after buying an additional 194 shares during the last quarter. Finally, Community Bank of Raymore raised its position in shares of Texas Instruments by 32.6% during the fourth quarter. Community Bank of Raymore now owns 2,805 shares of the semiconductor company’s stock worth $526,000 after acquiring an additional 690 shares during the last quarter. 84.99% of the stock is owned by institutional investors and hedge funds.

Texas Instruments Trading Up 2.7 %

TXN opened at $192.42 on Monday. Texas Instruments Incorporated has a fifty-two week low of $155.46 and a fifty-two week high of $220.38. The firm has a market capitalization of $175.53 billion, a PE ratio of 35.77, a P/E/G ratio of 3.69 and a beta of 0.98. The company has a debt-to-equity ratio of 0.74, a current ratio of 4.31 and a quick ratio of 3.14. The company’s 50-day moving average is $194.79 and its 200 day moving average is $199.65.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $1.47 EPS for the quarter, topping the consensus estimate of $1.38 by $0.09. The firm had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.12 billion. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. The company’s quarterly revenue was down 8.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.80 earnings per share. As a group, research analysts predict that Texas Instruments Incorporated will post 5.08 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st will be issued a $1.36 dividend. The ex-dividend date is Friday, January 31st. This represents a $5.44 annualized dividend and a dividend yield of 2.83%. Texas Instruments’s dividend payout ratio is currently 101.12%.

Insider Buying and Selling

In other news, Director Ronald Kirk sold 10,539 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $203.33, for a total transaction 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. This trade represents a 42.39 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Robert E. Sanchez sold 9,990 shares of the business’s stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $208.80, for a total transaction of $2,085,912.00. Following the completion of the transaction, the director now directly owns 20,461 shares in the company, valued at $4,272,256.80. This trade represents a 32.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.68% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts recently commented on TXN shares. Mizuho set a $200.00 target price on Texas Instruments in a report on Friday, October 18th. Summit Insights raised shares of Texas Instruments from a “hold” rating to a “buy” rating in a research note on Wednesday, October 23rd. Bank of America lowered their target price on shares of Texas Instruments from $220.00 to $215.00 and set a “neutral” rating for the company in a research note on Wednesday, October 23rd. Benchmark restated a “buy” rating and issued a $230.00 target price on shares of Texas Instruments in a report on Wednesday, October 23rd. Finally, Evercore ISI increased their price target on Texas Instruments from $268.00 to $298.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $210.45.

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.