Atomi Financial Group Inc. Buys 496 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Atomi Financial Group Inc. grew its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 13.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,144 shares of the semiconductor company’s stock after purchasing an additional 496 shares during the quarter. Atomi Financial Group Inc.’s holdings in Texas Instruments were worth $777,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Thrivent Financial for Lutherans grew its holdings in Texas Instruments by 25.4% during the 2nd quarter. Thrivent Financial for Lutherans now owns 73,210 shares of the semiconductor company’s stock worth $14,241,000 after acquiring an additional 14,828 shares during the period. Public Sector Pension Investment Board grew its stake in Texas Instruments by 74.0% during the second quarter. Public Sector Pension Investment Board now owns 35,008 shares of the semiconductor company’s stock worth $6,810,000 after purchasing an additional 14,888 shares during the period. Evergreen Capital Management LLC increased its holdings in Texas Instruments by 33.3% in the second quarter. Evergreen Capital Management LLC now owns 9,204 shares of the semiconductor company’s stock worth $1,790,000 after purchasing an additional 2,299 shares in the last quarter. Zurich Insurance Group Ltd FI lifted its stake in Texas Instruments by 68.4% in the second quarter. Zurich Insurance Group Ltd FI now owns 631,764 shares of the semiconductor company’s stock valued at $122,897,000 after buying an additional 256,619 shares during the period. Finally, Trinity Legacy Partners LLC lifted its stake in Texas Instruments by 7.3% in the second quarter. Trinity Legacy Partners LLC now owns 2,312 shares of the semiconductor company’s stock valued at $450,000 after buying an additional 157 shares during the period. Institutional investors and hedge funds own 84.99% of the company’s stock.

Analyst Ratings Changes

TXN has been the subject of several research analyst reports. Summit Insights upgraded shares of Texas Instruments from a “hold” rating to a “buy” rating in a research note on Wednesday, October 23rd. Truist Financial dropped their price objective on shares of Texas Instruments from $198.00 to $190.00 and set a “hold” rating on the stock in a report on Wednesday, October 23rd. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $200.00 target price on shares of Texas Instruments in a research report on Wednesday, October 23rd. Morgan Stanley upped their price target on Texas Instruments from $154.00 to $167.00 and gave the stock an “underweight” rating in a research note on Wednesday, October 23rd. Finally, Benchmark reissued a “buy” rating and issued a $230.00 price objective on shares of Texas Instruments in a research note on Wednesday, October 23rd. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $210.45.

Texas Instruments Stock Performance

Shares of Texas Instruments stock opened at $197.05 on Thursday. The firm has a market capitalization of $179.75 billion, a P/E ratio of 36.63, a price-to-earnings-growth ratio of 3.74 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. The business’s fifty day simple moving average is $193.97 and its 200 day simple moving average is $199.58. Texas Instruments Incorporated has a 12 month low of $155.46 and a 12 month high of $220.38.

Texas Instruments (NASDAQ:TXN) last released its earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.09. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. The company had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $4.12 billion. During the same period in the previous year, the business posted $1.80 EPS. The business’s revenue for the quarter was down 8.4% compared to the same quarter last year. As a group, analysts anticipate that Texas Instruments Incorporated will post 5.08 EPS for the current year.

Texas Instruments Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st will be given a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date of this dividend is Friday, January 31st. Texas Instruments’s dividend payout ratio is currently 101.12%.

Insider Transactions at Texas Instruments

In related news, Director Ronald Kirk sold 10,539 shares of Texas Instruments stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $203.33, for a total value 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 approximately $2,912,295.59. This trade represents a 42.39 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Robert E. Sanchez sold 9,990 shares of the 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 transaction, the director now 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 Company 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.