Savvy Advisors Inc. Acquires 2,048 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Savvy Advisors Inc. raised its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 40.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,119 shares of the semiconductor company's stock after purchasing an additional 2,048 shares during the period. Savvy Advisors Inc.'s holdings in Texas Instruments were worth $1,335,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Howard Capital Management Group LLC bought a new stake in shares of Texas Instruments in the 3rd quarter worth approximately $202,000. Invst LLC bought a new position in Texas Instruments in the 3rd quarter worth about $209,000. Anchor Investment Management LLC increased its stake in shares of Texas Instruments by 25.7% in the third quarter. Anchor Investment Management LLC now owns 11,633 shares of the semiconductor company's stock valued at $2,403,000 after purchasing an additional 2,378 shares during the period. Pine Valley Investments Ltd Liability Co raised its holdings in shares of Texas Instruments by 1.1% during the third quarter. Pine Valley Investments Ltd Liability Co now owns 18,599 shares of the semiconductor company's stock valued at $3,842,000 after buying an additional 197 shares during the last quarter. Finally, World Investment Advisors LLC boosted its position in shares of Texas Instruments by 156.4% during the third quarter. World Investment Advisors LLC now owns 6,993 shares of the semiconductor company's stock worth $1,444,000 after buying an additional 4,266 shares during the period. 84.99% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on the company. Robert W. Baird raised Texas Instruments from a "neutral" rating to an "outperform" rating and set a $175.00 target price on the stock in a research note on Monday, April 7th. Stifel Nicolaus dropped their target price on Texas Instruments from $200.00 to $160.00 and set a "hold" rating on the stock in a report on Thursday. 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. Wells Fargo & Company lowered their target price on Texas Instruments from $215.00 to $208.00 and set an "equal weight" rating on the stock in a report on Monday, January 13th. Finally, Rosenblatt Securities reissued a "buy" rating and set a $250.00 target price on shares of Texas Instruments in a research note on Tuesday, January 21st. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $206.86.

Texas Instruments Stock Performance

TXN traded up $1.79 during midday trading on Friday, reaching $148.34. The company's stock had a trading volume of 5,690,642 shares, compared to its average volume of 6,138,575. Texas Instruments Incorporated has a twelve month low of $139.95 and a twelve month high of $220.39. The company has a current ratio of 4.12, a quick ratio of 2.88 and a debt-to-equity ratio of 0.76. The stock has a market cap of $134.97 billion, a P/E ratio of 28.58, a PEG ratio of 3.30 and a beta of 0.99. The company has a fifty day simple moving average of $177.70 and a 200 day simple moving average of $189.85.

Texas Instruments (NASDAQ:TXN - Get Free Report) last posted 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 period last year, the business posted $1.49 EPS. Research analysts expect that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 13th. Investors of record on Wednesday, April 30th will be paid a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a dividend yield of 3.67%. Texas Instruments's payout ratio is 104.82%.

Insiders Place Their Bets

In related news, 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 of the company's stock, valued at $82,930,522.08. The trade was a 19.17 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Janet F. Clark sold 6,065 shares of the business's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $203.62, for a total transaction of $1,234,955.30. Following the completion of the sale, the director now owns 10,816 shares in the company, valued at $2,202,353.92. This represents a 35.93 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 297,655 shares of company stock worth $59,841,304 over the last 90 days. Corporate insiders own 0.57% 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.