3,836 Shares in Texas Instruments Incorporated (NASDAQ:TXN) Acquired by Grant Private Wealth Management Inc

Grant Private Wealth Management Inc acquired a new stake in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 3,836 shares of the semiconductor company's stock, valued at approximately $719,000.

A number of other institutional investors have also modified their holdings of TXN. Howard Capital Management Group LLC acquired a new position in Texas Instruments during the 3rd quarter worth approximately $202,000. Edgestream Partners L.P. purchased a new stake in shares of Texas Instruments during the third quarter valued at approximately $229,000. Atom Investors LP acquired a new position in shares of Texas Instruments during the third quarter worth $344,000. Investment Management Corp of Ontario boosted its stake in shares of Texas Instruments by 48.6% in the third quarter. Investment Management Corp of Ontario now owns 30,260 shares of the semiconductor company's stock valued at $6,251,000 after purchasing an additional 9,900 shares during the period. Finally, IHT Wealth Management LLC grew its holdings in Texas Instruments by 29.0% during the 3rd quarter. IHT Wealth Management LLC now owns 17,619 shares of the semiconductor company's stock valued at $3,619,000 after purchasing an additional 3,963 shares in the last quarter. Hedge funds and other institutional investors own 84.99% of the company's stock.

Insider Activity at Texas Instruments

In related news, Director Mark A. Blinn sold 590 shares of the firm's stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $180.71, for a total transaction of $106,618.90. Following the transaction, the director now owns 11,717 shares in the company, valued at $2,117,379.07. This trade represents a 4.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Richard K. Templeton sold 97,000 shares of the company's stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $197.69, for a total value of $19,175,930.00. Following the completion of the sale, the chairman now owns 409,089 shares of the company's stock, valued at $80,872,804.41. This trade represents a 19.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 297,655 shares of company stock worth $59,841,304 in the last three months. 0.57% of the stock is owned by company insiders.

Remove Ads

Texas Instruments Stock Performance

NASDAQ TXN traded down $12.81 during trading hours on Friday, hitting $151.39. The company had a trading volume of 14,975,279 shares, compared to its average volume of 5,808,324. Texas Instruments Incorporated has a fifty-two week low of $150.96 and a fifty-two week high of $220.39. The firm has a market cap of $137.75 billion, a P/E ratio of 29.17, a price-to-earnings-growth ratio of 3.30 and a beta of 0.99. The company has a quick ratio of 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76. The business has a fifty day simple moving average of $184.06 and a 200-day simple moving average of $193.71.

Texas Instruments (NASDAQ:TXN - Get Free Report) last issued its quarterly earnings data on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share for the quarter, beating the consensus estimate 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 period in the prior year, the firm posted $1.49 EPS. Equities analysts predict that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Friday, January 31st were given a $1.36 dividend. This represents a $5.44 annualized dividend and a yield of 3.59%. The ex-dividend date of this dividend was Friday, January 31st. Texas Instruments's dividend payout ratio is currently 104.82%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on TXN shares. Rosenblatt Securities reissued a "buy" rating and issued a $250.00 price objective on shares of Texas Instruments in a research report on Tuesday, January 21st. Cantor Fitzgerald reissued a "neutral" rating and issued a $200.00 price target on shares of Texas Instruments in a report on Friday, January 24th. Wells Fargo & Company dropped their price objective on Texas Instruments from $215.00 to $208.00 and set an "equal weight" rating on the stock in a report on Monday, January 13th. Barclays reduced their target price on Texas Instruments from $200.00 to $180.00 and set an "equal weight" rating for the company in a research note on Friday, January 24th. Finally, Mizuho dropped their price target on shares of Texas Instruments from $200.00 to $190.00 and set a "neutral" rating for the company in a research note on Friday, January 24th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price 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.