Riverbend Wealth Management LLC Purchases New Position in Texas Instruments Incorporated (NASDAQ:TXN)

Riverbend Wealth Management LLC acquired a new position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 2,282 shares of the semiconductor company's stock, valued at approximately $429,000.

Several other large investors also recently added to or reduced their stakes in TXN. Promus Capital LLC bought a new position in shares of Texas Instruments during the fourth quarter valued at approximately $25,000. MidAtlantic Capital Management Inc. bought a new position in shares of Texas Instruments during the third quarter valued at approximately $28,000. Financial Life Planners bought a new position in shares of Texas Instruments during the fourth quarter valued at approximately $26,000. Retirement Wealth Solutions LLC bought a new position in shares of Texas Instruments during the fourth quarter valued at approximately $27,000. Finally, Kohmann Bosshard Financial Services LLC bought a new position in Texas Instruments in the fourth quarter worth approximately $28,000. 84.99% of the stock is owned by institutional investors.

Texas Instruments Price Performance

TXN stock traded down $0.35 during trading on Wednesday, hitting $176.99. The stock had a trading volume of 2,445,707 shares, compared to its average volume of 6,620,446. 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 twelve month low of $159.11 and a twelve month high of $220.38. The stock has a market capitalization of $161.04 billion, a P/E ratio of 34.09, a PEG ratio of 3.30 and a beta of 0.98. The company's 50-day moving average price is $189.39 and its two-hundred day moving average price is $197.00.

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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 period in the previous year, the business posted $1.49 EPS. As a group, research analysts predict that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The business also recently announced 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 annualized dividend and a dividend yield of 3.07%. The ex-dividend date of this dividend was Friday, January 31st. Texas Instruments's dividend payout ratio is currently 104.82%.

Insider Transactions at Texas Instruments

In other news, Director Mark A. Blinn sold 590 shares of the business's stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $180.71, for a total transaction of $106,618.90. Following the transaction, the director now directly owns 11,717 shares in the company, valued at $2,117,379.07. The trade was a 4.79 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Janet F. Clark sold 6,065 shares of the firm's 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 directly owns 10,816 shares of the company's stock, valued at approximately $2,202,353.92. This trade represents a 35.93 % 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 ninety days. Insiders own 0.68% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on TXN shares. Benchmark reiterated a "buy" rating and issued a $230.00 target price on shares of Texas Instruments in a report on Friday, January 24th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $250.00 price target on shares of Texas Instruments in a research report on Tuesday, January 21st. Barclays cut their price objective on shares of Texas Instruments from $200.00 to $180.00 and set an "equal weight" rating on the stock in a report on Friday, January 24th. Mizuho lowered their target price on Texas Instruments from $200.00 to $190.00 and set a "neutral" rating for the company in a report on Friday, January 24th. Finally, Truist Financial reduced their price target on Texas Instruments from $199.00 to $195.00 and set a "hold" rating for the company in a research report on Friday, January 24th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $209.20.

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.