PUREfi Wealth LLC Acquires New Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

PUREfi Wealth LLC bought a new stake in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 1,563 shares of the semiconductor company's stock, valued at approximately $293,000.

Several other hedge funds also recently bought and sold shares of TXN. MidAtlantic Capital Management Inc. acquired a new position in shares of Texas Instruments in the third quarter valued at approximately $28,000. Financial Life Planners purchased a new stake in Texas Instruments in the 4th quarter worth approximately $26,000. Retirement Wealth Solutions LLC acquired a new position in Texas Instruments in the 4th quarter valued at $27,000. Capital Performance Advisors LLP purchased a new position in shares of Texas Instruments during the 3rd quarter worth $39,000. Finally, FSA Wealth Management LLC acquired a new stake in shares of Texas Instruments during the third quarter worth $41,000. Hedge funds and other institutional investors own 84.99% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on TXN shares. Morgan Stanley upped their target price on Texas Instruments from $154.00 to $167.00 and gave the company an "underweight" rating in a research note on Wednesday, October 23rd. Summit Insights raised shares of Texas Instruments from a "hold" rating to a "buy" rating in a research note on Wednesday, October 23rd. Cantor Fitzgerald reissued a "neutral" rating and issued a $200.00 target price on shares of Texas Instruments in a research report on Friday, January 24th. Truist Financial lowered their target price on shares of Texas Instruments from $199.00 to $195.00 and set a "hold" rating for the company in a report on Friday, January 24th. Finally, Rosenblatt Securities reiterated a "buy" rating and issued a $250.00 price target on shares of Texas Instruments in a report on Tuesday, January 21st. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $209.20.

Texas Instruments Stock Up 5.3 %

Texas Instruments stock traded up $9.86 during midday trading on Wednesday, hitting $196.32. 8,435,171 shares of the company were exchanged, compared to its average volume of 6,376,803. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.12 and a quick ratio of 2.88. Texas Instruments Incorporated has a fifty-two week low of $159.11 and a fifty-two week high of $220.38. The company's fifty day moving average price is $187.90 and its 200-day moving average price is $197.23. The company has a market cap of $179.09 billion, a PE ratio of 37.83, a price-to-earnings-growth ratio of 2.96 and a beta of 0.97.

Texas Instruments (NASDAQ:TXN - Get Free Report) last posted its quarterly earnings data 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 quarter in the prior year, the firm posted $1.49 EPS. On average, research analysts predict that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Friday, January 31st were paid a $1.36 dividend. The ex-dividend date was Friday, January 31st. This represents a $5.44 dividend on an annualized basis and a yield of 2.77%. Texas Instruments's dividend payout ratio (DPR) is 104.82%.

Insider Buying and Selling at Texas Instruments

In other 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 completion of the transaction, the director now directly owns 14,323 shares of the company's stock, valued at approximately $2,912,295.59. This represents a 42.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mark A. Blinn sold 590 shares of the stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $180.71, for a total value of $106,618.90. Following the sale, the director now owns 11,717 shares in the company, 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. 0.68% of the stock is currently owned by insiders.

Texas Instruments Company 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.