HighTower Advisors LLC Purchases 19,257 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

HighTower Advisors LLC boosted its position in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 2.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 779,319 shares of the semiconductor company's stock after acquiring an additional 19,257 shares during the quarter. HighTower Advisors LLC owned 0.09% of Texas Instruments worth $146,130,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Promus Capital LLC bought a new position in shares of Texas Instruments during the fourth quarter valued at about $25,000. MidAtlantic Capital Management Inc. bought a new position in shares of Texas Instruments during the third quarter valued at about $28,000. Financial Life Planners bought a new position in shares of Texas Instruments during the fourth quarter valued at about $26,000. Retirement Wealth Solutions LLC bought a new position in shares of Texas Instruments during the fourth quarter valued at about $27,000. Finally, Kohmann Bosshard Financial Services LLC bought a new position in shares of Texas Instruments during the fourth quarter valued at about $28,000. Institutional investors own 84.99% of the company's stock.

Insider Activity at Texas Instruments

In related news, Director Janet F. Clark sold 6,065 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $203.62, for a total transaction of $1,234,955.30. Following the sale, the director now directly owns 10,816 shares of the company's stock, valued at $2,202,353.92. This trade represents a 35.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Mark A. Blinn sold 590 shares of Texas Instruments stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $180.71, for a total value of $106,618.90. Following the completion of the sale, the director now owns 11,717 shares of the company's stock, valued at $2,117,379.07. The trade was a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 297,655 shares of company stock valued at $59,841,304 over the last 90 days. Corporate insiders own 0.68% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on TXN shares. Cantor Fitzgerald reaffirmed a "neutral" rating and set a $200.00 price objective on shares of Texas Instruments in a research note on Friday, January 24th. Mizuho reduced their price objective on Texas Instruments from $200.00 to $190.00 and set a "neutral" rating on the stock in a research note on Friday, January 24th. Wells Fargo & Company cut their target price 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. Truist Financial reduced their price target on Texas Instruments from $199.00 to $195.00 and set a "hold" rating on the stock in a report on Friday, January 24th. Finally, Barclays dropped their price objective on Texas Instruments from $200.00 to $180.00 and set an "equal weight" rating for the company in a report on Friday, January 24th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, Texas Instruments has a consensus rating of "Hold" and a consensus target price of $209.20.

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Texas Instruments Stock Down 4.9 %

Shares of NASDAQ:TXN opened at $177.34 on Wednesday. The company has a current ratio of 4.12, a quick ratio of 2.88 and a debt-to-equity ratio of 0.76. The stock has a fifty day simple moving average of $189.39 and a two-hundred day simple moving average of $197.00. Texas Instruments Incorporated has a 12-month low of $159.11 and a 12-month high of $220.38. The stock has a market capitalization of $161.36 billion, a price-to-earnings ratio of 34.17, a PEG ratio of 3.30 and a beta of 0.98.

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

Texas Instruments Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st were issued a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date of this dividend was Friday, January 31st. Texas Instruments's payout ratio is 104.82%.

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.

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