Texas Instruments Incorporated (NASDAQ:TXN) Stock Position Boosted by Albion Financial Group UT

Albion Financial Group UT boosted its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 16.9% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 24,444 shares of the semiconductor company’s stock after buying an additional 3,536 shares during the period. Albion Financial Group UT’s holdings in Texas Instruments were worth $4,258,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Tennessee Valley Asset Management Partners purchased a new stake in Texas Instruments during the fourth quarter valued at about $25,000. Life Planning Partners Inc purchased a new stake in Texas Instruments during the fourth quarter valued at about $26,000. Scarborough Advisors LLC purchased a new stake in Texas Instruments during the fourth quarter valued at about $26,000. Richardson Financial Services Inc. purchased a new stake in shares of Texas Instruments in the fourth quarter worth approximately $26,000. Finally, Pacific Capital Wealth Advisors Inc. purchased a new stake in shares of Texas Instruments in the fourth quarter worth approximately $31,000. Institutional investors own 84.99% of the company’s stock.

Analyst Ratings Changes

TXN has been the subject of a number of research analyst reports. JPMorgan Chase & Co. increased their price target on shares of Texas Instruments from $180.00 to $195.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 24th. Stifel Nicolaus increased their price target on shares of Texas Instruments from $160.00 to $172.00 and gave the stock a “hold” rating in a research report on Wednesday, April 24th. Susquehanna increased their price target on shares of Texas Instruments from $200.00 to $205.00 and gave the stock a “positive” rating in a research report on Wednesday, April 24th. Wells Fargo & Company initiated coverage on shares of Texas Instruments in a research report on Thursday, May 16th. They issued an “underweight” rating and a $150.00 price target for the company. Finally, Mizuho increased their price target on shares of Texas Instruments from $164.00 to $170.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, Texas Instruments has an average rating of “Hold” and an average price target of $183.43.

Texas Instruments Stock Performance

TXN stock traded up $0.52 during midday trading on Wednesday, hitting $198.94. 2,454,704 shares of the company traded hands, compared to its average volume of 5,520,141. Texas Instruments Incorporated has a twelve month low of $139.48 and a twelve month high of $206.00. The company has a quick ratio of 3.76, a current ratio of 4.91 and a debt-to-equity ratio of 0.76. The business has a 50 day simple moving average of $191.54 and a 200-day simple moving average of $175.77. The stock has a market capitalization of $181.13 billion, a price-to-earnings ratio of 30.80, a price-to-earnings-growth ratio of 4.21 and a beta of 0.99.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 EPS for the quarter, beating the consensus estimate of $1.07 by $0.13. The company had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $3.61 billion. Texas Instruments had a return on equity of 35.28% and a net margin of 35.16%. The company’s revenue for the quarter was down 16.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.85 earnings per share. As a group, equities research analysts predict that Texas Instruments Incorporated will post 5.13 earnings per share for the current year.

Texas Instruments Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 21st. Investors of record on Wednesday, May 8th were given a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date was Tuesday, May 7th. Texas Instruments’s dividend payout ratio (DPR) is currently 81.12%.

Insider Buying and Selling

In related news, Director Robert E. Sanchez sold 10,539 shares of the business’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $174.97, for a total transaction of $1,844,008.83. Following the transaction, the director now owns 20,461 shares of the company’s stock, valued at $3,580,061.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Texas Instruments news, Chairman Richard K. Templeton sold 100,440 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $178.47, for a total value of $17,925,526.80. Following the sale, the chairman now owns 403,851 shares of the company’s stock, valued at approximately $72,075,287.97. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Robert E. Sanchez sold 10,539 shares of the business’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $174.97, for a total transaction of $1,844,008.83. Following the completion of the sale, the director now directly owns 20,461 shares in the company, valued at approximately $3,580,061.17. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 328,969 shares of company stock valued at $58,427,984. 0.68% of the stock is owned by company insiders.

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.