HB Wealth Management LLC Boosts Stake in Texas Instruments Incorporated (NASDAQ:TXN)

HB Wealth Management LLC grew its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 4.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 99,856 shares of the semiconductor company's stock after purchasing an additional 4,238 shares during the quarter. HB Wealth Management LLC's holdings in Texas Instruments were worth $18,724,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. MidAtlantic Capital Management Inc. bought a new stake in shares of Texas Instruments in the 3rd quarter worth approximately $28,000. Retirement Wealth Solutions LLC purchased a new stake in Texas Instruments in the fourth quarter worth $27,000. Tsfg LLC boosted its holdings in Texas Instruments by 82.0% in 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 in the last quarter. Capital Performance Advisors LLP purchased a new position in Texas Instruments during the 3rd quarter valued at $39,000. Finally, FSA Wealth Management LLC bought a new position in Texas Instruments in the 3rd quarter worth $41,000. Hedge funds and other institutional investors own 84.99% of the company's stock.

Insider Transactions at Texas Instruments

In other Texas Instruments news, Director Ronald Kirk sold 10,539 shares of the company's stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $203.33, for a total transaction of $2,142,894.87. Following the sale, the director now directly owns 14,323 shares in the company, valued at $2,912,295.59. This represents a 42.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Robert E. Sanchez sold 9,990 shares of Texas Instruments 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 owns 20,461 shares of the company's stock, valued at approximately $4,272,256.80. This trade represents a 32.81 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.68% of the company's stock.

Texas Instruments Stock Performance

Shares of NASDAQ TXN traded up $5.05 during midday trading on Friday, hitting $192.42. 5,388,038 shares of the stock traded hands, compared to its average volume of 4,167,320. The firm has a market capitalization of $175.53 billion, a P/E ratio of 35.77, a PEG ratio of 3.69 and a beta of 0.98. Texas Instruments Incorporated has a one year low of $155.46 and a one year high of $220.38. The company has a debt-to-equity ratio of 0.74, a quick ratio of 3.14 and a current ratio of 4.31. The firm has a 50-day moving average of $194.79 and a two-hundred day moving average of $199.65.

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

Texas Instruments Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st will be paid a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a dividend yield of 2.83%. The ex-dividend date is Friday, January 31st. Texas Instruments's dividend payout ratio is presently 101.12%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on TXN shares. Rosenblatt Securities reiterated a "buy" rating and set a $250.00 price target on shares of Texas Instruments in a research report on Wednesday, October 23rd. Robert W. Baird reduced their target price on Texas Instruments from $200.00 to $175.00 and set a "neutral" rating on the stock in a report on Wednesday, October 23rd. Summit Insights upgraded Texas Instruments from a "hold" rating to a "buy" rating in a research note on Wednesday, October 23rd. Wells Fargo & Company reduced their price target on Texas Instruments from $215.00 to $208.00 and set an "equal weight" rating on the stock in a research note on Monday, January 13th. Finally, Mizuho set a $200.00 price objective on Texas Instruments in a research report on Friday, October 18th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average 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.