Modern Wealth Management LLC Has $2.43 Million Position in Texas Instruments Incorporated (NASDAQ:TXN)

Modern Wealth Management LLC increased its position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 150.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,466 shares of the semiconductor company's stock after purchasing an additional 8,081 shares during the quarter. Modern Wealth Management LLC's holdings in Texas Instruments were worth $2,428,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in TXN. CoreFirst Bank & Trust bought a new position in shares of Texas Instruments during the fourth quarter valued at approximately $239,000. Haverford Trust Co lifted its stake in Texas Instruments by 0.5% in the fourth quarter. Haverford Trust Co now owns 578,669 shares of the semiconductor company's stock valued at $108,506,000 after buying an additional 3,087 shares during the last quarter. Woodmont Investment Counsel LLC lifted its position in Texas Instruments by 8.2% in the 4th quarter. Woodmont Investment Counsel LLC now owns 1,406 shares of the semiconductor company's stock valued at $264,000 after purchasing an additional 106 shares during the last quarter. United Services Automobile Association increased its stake in shares of Texas Instruments by 0.9% in the fourth quarter. United Services Automobile Association now owns 21,155 shares of the semiconductor company's stock valued at $3,967,000 after purchasing an additional 187 shares during the period. Finally, Crowley Wealth Management Inc. acquired a new position in shares of Texas Instruments during the fourth quarter worth approximately $132,000. Institutional investors and hedge funds own 84.99% of the company's stock.

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Analyst Ratings Changes

A number of analysts have recently weighed in on TXN shares. Mizuho reduced 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. Truist Financial decreased their price target on Texas Instruments from $199.00 to $195.00 and set a "hold" rating for the company in a research note on Friday, January 24th. Wells Fargo & Company cut their price objective on Texas Instruments from $215.00 to $208.00 and set an "equal weight" rating for the company in a report on Monday, January 13th. Rosenblatt Securities reaffirmed a "buy" rating and set a $250.00 target price on shares of Texas Instruments in a report on Tuesday, January 21st. Finally, Barclays decreased their target price on Texas Instruments from $200.00 to $180.00 and set an "equal weight" rating for the company in a research 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 issued a buy rating to the company. According to data from MarketBeat.com, Texas Instruments presently has an average rating of "Hold" and an average target price of $209.20.

Texas Instruments Price Performance

NASDAQ TXN traded down $4.43 during trading hours on Friday, reaching $176.33. 5,490,538 shares of the company's stock were exchanged, compared to its average volume of 5,708,235. The firm has a fifty day moving average of $186.45 and a 200-day moving average of $194.68. Texas Instruments Incorporated has a one year low of $159.11 and a one year high of $220.39. The stock has a market cap of $160.45 billion, a PE ratio of 33.97, a price-to-earnings-growth ratio of 3.30 and a beta of 0.98. 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 (NASDAQ:TXN - Get Free Report) last issued 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 net margin of 30.68% and a return on equity of 28.08%. During the same quarter in the prior year, the business posted $1.49 EPS. On average, equities research analysts predict that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st were issued a $1.36 dividend. The ex-dividend date was Friday, January 31st. This represents a $5.44 annualized dividend and a dividend yield of 3.09%. Texas Instruments's dividend payout ratio (DPR) is currently 104.82%.

Insider Transactions 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 value of $1,234,955.30. Following the sale, the director now owns 10,816 shares in the company, valued at approximately $2,202,353.92. This represents a 35.93 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Richard K. Templeton sold 97,000 shares of Texas Instruments stock in a transaction on Friday, February 21st. The stock was sold at an average price of $202.72, for a total transaction of $19,663,840.00. Following the transaction, the chairman now directly owns 409,089 shares of the company's stock, valued at approximately $82,930,522.08. 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 valued at $59,841,304 over the last 90 days. 0.57% of the stock is owned by company insiders.

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.