Texas Instruments Incorporated (NASDAQ:TXN) Stock Position Raised by Milestone Asset Management LLC

Milestone Asset Management LLC increased its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 54.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,425 shares of the semiconductor company's stock after buying an additional 6,884 shares during the quarter. Milestone Asset Management LLC's holdings in Texas Instruments were worth $3,642,000 at the end of the most recent quarter.

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

Texas Instruments Stock Up 2.7 %

Texas Instruments stock traded up $4.93 during trading on Thursday, reaching $185.20. 2,925,939 shares of the company's stock were exchanged, compared to its average volume of 6,963,675. The company's 50-day moving average is $192.21 and its two-hundred day moving average is $199.05. The company has a debt-to-equity ratio of 0.74, a quick ratio of 3.14 and a current ratio of 4.31. Texas Instruments Incorporated has a 52-week low of $155.46 and a 52-week high of $220.38. The firm has a market cap of $168.94 billion, a price-to-earnings ratio of 34.42, a PEG ratio of 3.84 and a beta of 0.98.

Texas Instruments (NASDAQ:TXN - Get Free Report) last announced its quarterly earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share for the quarter, topping analysts' consensus estimates of $1.20 by $0.10. Texas Instruments had a net margin of 31.60% and a return on equity of 29.05%. During the same quarter in the previous year, the business posted $1.49 earnings per share. On average, analysts predict that Texas Instruments Incorporated will post 5.08 earnings per share for the current year.

Texas Instruments Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st will be issued a $1.36 dividend. The ex-dividend date is Friday, January 31st. This represents a $5.44 dividend on an annualized basis and a yield of 2.94%. Texas Instruments's dividend payout ratio is currently 101.12%.

Wall Street Analyst Weigh In

TXN has been the subject of a number of research reports. Cantor Fitzgerald reiterated a "neutral" rating and set a $200.00 price target on shares of Texas Instruments in a research report on Friday, January 24th. Truist Financial reduced their price target on shares of Texas Instruments from $199.00 to $195.00 and set a "hold" rating for the company in a research report on Friday, January 24th. Rosenblatt Securities reiterated a "buy" rating and set a $250.00 price target on shares of Texas Instruments in a research report on Tuesday, January 21st. Bank of America cut their price objective on Texas Instruments from $220.00 to $215.00 and set a "neutral" rating for the company in a research report on Wednesday, October 23rd. Finally, Benchmark reaffirmed a "buy" rating and issued a $230.00 target price on shares of Texas Instruments in a research note on Friday, January 24th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, Texas Instruments has an average rating of "Hold" and an average target price of $209.20.

Insider Activity

In related news, Director Ronald Kirk sold 10,539 shares of the business's stock in a transaction dated 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 completion of the sale, the director now owns 14,323 shares of the company's stock, valued at $2,912,295.59. This represents a 42.39 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.68% of the company's stock.

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.