Texas Instruments Incorporated (NASDAQ:TXN) Holdings Raised by Worth Asset Management LLC

Worth Asset Management LLC increased its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 14.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,936 shares of the semiconductor company’s stock after purchasing an additional 626 shares during the quarter. Worth Asset Management LLC’s holdings in Texas Instruments were worth $926,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bangor Savings Bank lifted its holdings in shares of Texas Instruments by 13.7% in the fourth quarter. Bangor Savings Bank now owns 812 shares of the semiconductor company’s stock valued at $152,000 after purchasing an additional 98 shares in the last quarter. Advance Capital Management Inc. lifted its stake in Texas Instruments by 41.8% in the 4th quarter. Advance Capital Management Inc. now owns 1,394 shares of the semiconductor company’s stock worth $261,000 after acquiring an additional 411 shares in the last quarter. Insight Wealth Strategies LLC boosted its position in Texas Instruments by 7.5% during the 4th quarter. Insight Wealth Strategies LLC now owns 12,116 shares of the semiconductor company’s stock worth $2,272,000 after acquiring an additional 850 shares during the period. Central Pacific Bank Trust Division grew its stake in Texas Instruments by 0.6% during the 4th quarter. Central Pacific Bank Trust Division now owns 17,948 shares of the semiconductor company’s stock valued at $3,365,000 after acquiring an additional 112 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of Texas Instruments by 0.8% in the 4th quarter. GAMMA Investing LLC now owns 15,641 shares of the semiconductor company’s stock valued at $2,933,000 after purchasing an additional 122 shares during the period. Institutional investors and hedge funds own 84.99% of the company’s stock.

Wall Street Analysts Forecast Growth

TXN has been the subject of a number of research reports. Barclays lowered their price target on shares of Texas Instruments from $210.00 to $200.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 23rd. Truist Financial cut their price objective on Texas Instruments from $198.00 to $190.00 and set a “hold” rating for the company in a research report on Wednesday, October 23rd. Susquehanna reduced their price objective on Texas Instruments from $250.00 to $240.00 and set a “positive” rating for the company in a research report on Monday, October 21st. Bank of America lowered their price objective on Texas Instruments from $220.00 to $215.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 23rd. Finally, Morgan Stanley upped their target price on Texas Instruments from $154.00 to $167.00 and gave the company an “underweight” rating in a research note on Wednesday, October 23rd. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $210.05.

Texas Instruments Stock Performance

Texas Instruments stock traded down $1.14 during mid-day trading on Wednesday, reaching $191.07. The company’s stock had a trading volume of 1,185,523 shares, compared to its average volume of 3,980,437. The firm’s fifty day moving average price is $197.58 and its two-hundred day moving average price is $199.84. The company has a debt-to-equity ratio of 0.74, a quick ratio of 3.14 and a current ratio of 4.31. Texas Instruments Incorporated has a 12-month low of $155.46 and a 12-month high of $220.38. The company has a market capitalization of $174.30 billion, a P/E ratio of 35.51, a PEG ratio of 4.19 and a beta of 0.98.

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

Texas Instruments Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st were paid a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.85%. The ex-dividend date of this dividend was Thursday, October 31st. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.30. Texas Instruments’s payout ratio is 101.12%.

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 transaction, the director now owns 14,323 shares in the company, valued at $2,912,295.59. The trade was a 42.39 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert E. Sanchez sold 9,990 shares of the stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $208.80, for a total value of $2,085,912.00. Following the completion of the transaction, the director now directly owns 20,461 shares of the company’s stock, valued at $4,272,256.80. This represents a 32.81 % decrease in their position. The disclosure for this sale can be found here. 0.68% of the stock is currently 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.