Avity Investment Management Inc. Buys 3,180 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Avity Investment Management Inc. boosted its stake in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 1.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 198,922 shares of the semiconductor company's stock after buying an additional 3,180 shares during the quarter. Texas Instruments makes up about 2.9% of Avity Investment Management Inc.'s holdings, making the stock its 13th biggest position. Avity Investment Management Inc.'s holdings in Texas Instruments were worth $37,300,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. MidAtlantic Capital Management Inc. bought a new position in Texas Instruments during the third quarter valued at about $28,000. Tsfg LLC lifted its holdings in shares of Texas Instruments by 82.0% during the third quarter. Tsfg LLC now owns 182 shares of the semiconductor company's stock valued at $38,000 after acquiring an additional 82 shares during the period. Capital Performance Advisors LLP bought a new stake in shares of Texas Instruments in the 3rd quarter worth about $39,000. FSA Wealth Management LLC acquired a new stake in shares of Texas Instruments during the 3rd quarter worth about $41,000. Finally, McClarren Financial Advisors Inc. acquired a new position in Texas Instruments in the third quarter valued at about $43,000. Institutional investors and hedge funds own 84.99% of the company's stock.

Texas Instruments Stock Up 2.1 %

Shares of NASDAQ:TXN traded up $4.01 during mid-day trading on Wednesday, reaching $197.51. 6,288,096 shares of the stock were exchanged, compared to its average volume of 5,065,677. The company has a market cap of $180.17 billion, a P/E ratio of 36.71, a P/E/G ratio of 4.19 and a beta of 0.98. The stock's 50 day simple moving average is $196.30 and its 200-day simple moving average is $199.76. The company has a quick ratio of 3.14, a current ratio of 4.31 and a debt-to-equity ratio of 0.74. Texas Instruments Incorporated has a one year low of $155.46 and a one year high of $220.38.

Texas Instruments (NASDAQ:TXN - Get Free Report) last posted its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, beating 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 company had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.12 billion. During the same period last year, the company earned $1.80 earnings per share. The firm's revenue was down 8.4% compared to the same quarter last year. As a group, equities research analysts predict that Texas Instruments Incorporated will post 5.08 EPS for the current year.

Texas Instruments Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st were issued a $1.36 dividend. This is a boost from Texas Instruments's previous quarterly dividend of $1.30. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $5.44 annualized dividend and a dividend yield of 2.75%. Texas Instruments's dividend payout ratio (DPR) is presently 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 on 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 directly owns 14,323 shares in the company, valued at approximately $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 accessible through this hyperlink. Also, Director Robert E. Sanchez sold 9,990 shares of the stock in a transaction on Friday, October 25th. The shares were sold at an average price of $208.80, for a total transaction of $2,085,912.00. Following the completion of the sale, the director now owns 20,461 shares of the company's stock, valued at approximately $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 owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Wells Fargo & Company decreased their price target on Texas Instruments from $215.00 to $208.00 and set an "equal weight" rating on the stock in a research report on Monday. Truist Financial reduced their price target on shares of Texas Instruments from $198.00 to $190.00 and set a "hold" rating on the stock in a research report on Wednesday, October 23rd. Rosenblatt Securities reaffirmed a "buy" rating and issued a $250.00 target price on shares of Texas Instruments in a research note on Wednesday, October 23rd. Morgan Stanley increased their price target on shares of Texas Instruments from $154.00 to $167.00 and gave the company an "underweight" rating in a research note on Wednesday, October 23rd. Finally, Robert W. Baird dropped their target price on Texas Instruments from $200.00 to $175.00 and set a "neutral" rating for the company in a research report on Wednesday, October 23rd. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, Texas Instruments has a consensus rating of "Hold" and a consensus target price of $209.71.

About Texas Instruments

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.