Impact Capital Partners LLC Makes New Investment in Texas Instruments Incorporated (NASDAQ:TXN)

Impact Capital Partners LLC purchased a new position in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 3,755 shares of the semiconductor company's stock, valued at approximately $704,000.

Several other institutional investors also recently added to or reduced their stakes in the business. Howard Capital Management Group LLC bought a new stake in shares of Texas Instruments during the third quarter valued at approximately $202,000. Los Angeles Capital Management LLC grew its position in Texas Instruments by 200.8% in the third quarter. Los Angeles Capital Management LLC now owns 19,559 shares of the semiconductor company's stock valued at $4,040,000 after acquiring an additional 13,057 shares during the period. Versor Investments LP bought a new stake in Texas Instruments in the third quarter valued at $917,000. Nations Financial Group Inc. IA ADV grew its position in Texas Instruments by 10.2% in the third quarter. Nations Financial Group Inc. IA ADV now owns 3,851 shares of the semiconductor company's stock valued at $796,000 after acquiring an additional 357 shares during the period. Finally, GSA Capital Partners LLP bought a new stake in Texas Instruments in the third quarter valued at $872,000. 84.99% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on TXN shares. Rosenblatt Securities reiterated a "buy" rating and issued a $250.00 price target on shares of Texas Instruments in a research report on Tuesday, January 21st. Wells Fargo & Company reduced their price objective 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. Benchmark reissued a "buy" rating and issued a $230.00 price objective on shares of Texas Instruments in a research note on Friday, January 24th. Barclays reduced their price objective on Texas Instruments from $200.00 to $180.00 and set an "equal weight" rating on the stock in a research note on Friday, January 24th. Finally, Truist Financial reduced their price objective on Texas Instruments from $199.00 to $195.00 and set a "hold" rating on the stock in a research note on Friday, January 24th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, Texas Instruments presently has a consensus rating of "Hold" and an average target price of $209.20.

Remove Ads

Texas Instruments Stock Performance

NASDAQ:TXN opened at $175.70 on Thursday. The stock has a market cap of $159.87 billion, a P/E ratio of 33.85, a PEG ratio of 3.30 and a beta of 0.98. The stock has a 50 day simple moving average of $189.16 and a 200 day simple moving average of $196.85. The company has a current ratio of 4.12, a quick ratio of 2.88 and a debt-to-equity ratio of 0.76. Texas Instruments Incorporated has a 1-year low of $159.11 and a 1-year high of $220.38.

Texas Instruments (NASDAQ:TXN - Get Free Report) last released its quarterly earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share 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 quarter in the previous year, the company posted $1.49 earnings per share. Research analysts anticipate that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st were paid a dividend of $1.36 per share. The ex-dividend date was Friday, January 31st. This represents a $5.44 dividend on an annualized basis and a yield of 3.10%. Texas Instruments's dividend payout ratio (DPR) is presently 104.82%.

Insiders Place Their Bets

In other news, Director Janet F. Clark sold 6,065 shares of Texas Instruments stock in a transaction on Monday, February 24th. The stock was sold at an average price of $203.62, for a total value of $1,234,955.30. Following the transaction, the director now owns 10,816 shares in the company, valued at approximately $2,202,353.92. This trade represents a 35.93 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Richard K. Templeton sold 97,000 shares of the business's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $202.72, for a total value of $19,663,840.00. Following the sale, the chairman now owns 409,089 shares in the company, valued at $82,930,522.08. This represents a 19.17 % decrease in their position. 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 90 days. Company insiders own 0.68% of the company's stock.

Texas Instruments 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.