Texas Instruments Incorporated (NASDAQ:TXN) Shares Acquired by Cornerstone Wealth Group LLC

Cornerstone Wealth Group LLC increased its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 7.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,842 shares of the semiconductor company’s stock after purchasing an additional 121 shares during the period. Cornerstone Wealth Group LLC’s holdings in Texas Instruments were worth $345,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of TXN. Fiduciary Alliance LLC increased its stake in shares of Texas Instruments by 25.3% during the fourth quarter. Fiduciary Alliance LLC now owns 36,801 shares of the semiconductor company’s stock worth $6,901,000 after acquiring an additional 7,424 shares during the period. Townsquare Capital LLC lifted its holdings in Texas Instruments by 5.9% in the third quarter. Townsquare Capital LLC now owns 93,689 shares of the semiconductor company’s stock valued at $19,353,000 after acquiring an additional 5,201 shares during the period. Healthcare of Ontario Pension Plan Trust Fund boosted its position in shares of Texas Instruments by 454.5% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,256,289 shares of the semiconductor company’s stock worth $244,386,000 after purchasing an additional 1,029,741 shares in the last quarter. HB Wealth Management LLC boosted its position in shares of Texas Instruments by 4.4% during 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 in the last quarter. Finally, Swiss National Bank grew its stake in shares of Texas Instruments by 0.3% during the 3rd quarter. Swiss National Bank now owns 2,702,500 shares of the semiconductor company’s stock worth $558,255,000 after purchasing an additional 8,100 shares during the period. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Texas Instruments

In related news, Director Ronald Kirk sold 10,539 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were 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 owns 14,323 shares of the company’s stock, valued at $2,912,295.59. This represents a 42.39 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.68% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on TXN shares. Truist Financial lowered their price target on Texas Instruments from $199.00 to $195.00 and set a “hold” rating on the stock in a report on Friday. Evercore ISI raised their target price on shares of Texas Instruments from $268.00 to $298.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Mizuho cut their price objective on Texas Instruments from $200.00 to $190.00 and set a “neutral” rating for the company in a research report on Friday. Barclays dropped their price target on Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating for the company in a research report on Friday. Finally, Cantor Fitzgerald reiterated a “neutral” rating and set a $200.00 price objective on shares of Texas Instruments in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat, Texas Instruments has an average rating of “Hold” and a consensus price target of $209.20.

Texas Instruments Stock Up 0.8 %

Shares of NASDAQ TXN opened at $187.03 on Tuesday. The stock has a fifty day moving average price of $193.38 and a 200 day moving average price of $199.43. The company has a market cap of $170.61 billion, a P/E ratio of 34.76, a P/E/G ratio of 3.84 and a beta of 0.98. The company has a current ratio of 4.31, a quick ratio of 3.14 and a debt-to-equity ratio of 0.74. Texas Instruments Incorporated has a 12-month low of $155.46 and a 12-month high of $220.38.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data 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 net margin of 31.60% and a return on equity of 29.05%. During the same period last year, the company posted $1.49 EPS. Research analysts anticipate that Texas Instruments Incorporated will post 5.08 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 11th. Investors of record on Friday, January 31st will be paid a $1.36 dividend. The ex-dividend date is Friday, January 31st. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.91%. Texas Instruments’s dividend payout ratio (DPR) is presently 101.12%.

Texas Instruments 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.