bLong Financial LLC Buys Shares of 1,400 Texas Instruments Incorporated (NASDAQ:TXN)

bLong Financial LLC purchased a new position in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 1,400 shares of the semiconductor company's stock, valued at approximately $263,000.

A number of other hedge funds have also recently made changes to their positions in TXN. Creative Planning increased its position in shares of Texas Instruments by 7.1% during the third quarter. Creative Planning now owns 211,018 shares of the semiconductor company's stock worth $43,590,000 after purchasing an additional 13,972 shares in the last quarter. Good Life Advisors LLC acquired a new position in Texas Instruments during the 3rd quarter valued at about $408,000. Bleakley Financial Group LLC increased its position in Texas Instruments by 0.9% during the 3rd quarter. Bleakley Financial Group LLC now owns 17,923 shares of the semiconductor company's stock valued at $3,702,000 after buying an additional 160 shares in the last quarter. Howard Capital Management Group LLC acquired a new stake in Texas Instruments in the third quarter worth about $202,000. Finally, Aspiriant LLC grew its stake in shares of Texas Instruments by 16.4% during the third quarter. Aspiriant LLC now owns 1,419 shares of the semiconductor company's stock worth $293,000 after acquiring an additional 200 shares during the last quarter. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Texas Instruments Stock Performance

TXN stock traded up $9.86 during midday trading on Wednesday, hitting $196.32. 8,435,171 shares of the stock traded hands, compared to its average volume of 6,376,803. The stock's fifty day simple moving average is $187.90 and its 200-day simple moving average is $197.23. The firm has a market cap of $179.09 billion, a P/E ratio of 37.83, a PEG ratio of 2.96 and a beta of 0.97. Texas Instruments Incorporated has a 1-year low of $159.11 and a 1-year high of $220.38. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.12 and a quick ratio of 2.88.

Texas Instruments (NASDAQ:TXN - Get Free Report) last posted its quarterly earnings data on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share for the quarter, topping analysts' consensus estimates of $1.20 by $0.10. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. During the same quarter in the previous year, the firm earned $1.49 earnings per share. On average, analysts expect that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Friday, January 31st were issued a $1.36 dividend. This represents a $5.44 annualized dividend and a yield of 2.77%. The ex-dividend date of this dividend was Friday, January 31st. Texas Instruments's payout ratio is 104.82%.

Insiders Place Their Bets

In other Texas Instruments 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 value of $2,142,894.87. Following the transaction, the director now owns 14,323 shares in the company, valued at approximately $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 accessible through the SEC website. Also, Director Mark A. Blinn sold 590 shares of the company's stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $180.71, for a total transaction of $106,618.90. Following the sale, the director now directly owns 11,717 shares of the company's stock, valued at $2,117,379.07. The trade was a 4.79 % decrease in their position. The disclosure for this sale can be found here. 0.68% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Robert W. Baird decreased their price objective on shares of Texas Instruments from $200.00 to $175.00 and set a "neutral" rating for the company in a research report on Wednesday, October 23rd. Benchmark reaffirmed a "buy" rating and issued a $230.00 price target on shares of Texas Instruments in a report on Friday, January 24th. Wells Fargo & Company dropped their price objective on shares of Texas Instruments from $215.00 to $208.00 and set an "equal weight" rating on the stock in a report on Monday, January 13th. Cantor Fitzgerald restated a "neutral" rating and issued a $200.00 target price on shares of Texas Instruments in a research note on Friday, January 24th. Finally, Morgan Stanley boosted their price target 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 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. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $209.20.

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.