Strategic Financial Concepts LLC Acquires New Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Strategic Financial Concepts LLC purchased a new position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 125,693 shares of the semiconductor company's stock, valued at approximately $23,569,000. Texas Instruments comprises 0.7% of Strategic Financial Concepts LLC's holdings, making the stock its 16th biggest holding.

A number of other hedge funds also recently made changes to their positions in the business. Financial Life Planners bought a new position in Texas Instruments during the fourth quarter worth about $26,000. Retirement Wealth Solutions LLC acquired a new stake in shares of Texas Instruments during the 4th quarter worth $27,000. MidAtlantic Capital Management Inc. acquired a new position in Texas Instruments in the third quarter valued at about $28,000. Capital Performance Advisors LLP bought a new position in Texas Instruments in the 3rd quarter valued at about $39,000. Finally, FSA Wealth Management LLC bought a new position in Texas Instruments in the third quarter valued at approximately $41,000. 84.99% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Mark A. Blinn sold 590 shares of the company's stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $180.71, for a total value of $106,618.90. Following the completion of the transaction, the director now owns 11,717 shares of the company's stock, valued at approximately $2,117,379.07. This represents a 4.79 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Ronald Kirk sold 10,539 shares of the business's stock in a transaction 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 in the company, valued at $2,912,295.59. This trade represents a 42.39 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.68% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on TXN shares. Wells Fargo & Company reduced their price objective on Texas Instruments from $215.00 to $208.00 and set an "equal weight" rating on the stock in a research note on Monday, January 13th. Mizuho decreased their price target on shares of Texas Instruments from $200.00 to $190.00 and set a "neutral" rating on the stock in a report on Friday, January 24th. Morgan Stanley upped their price objective on shares of Texas Instruments from $154.00 to $167.00 and gave the stock an "underweight" rating in a research report on Wednesday, October 23rd. Robert W. Baird cut their target price on shares of Texas Instruments from $200.00 to $175.00 and set a "neutral" rating on the stock in a research report on Wednesday, October 23rd. Finally, Evercore ISI upped their price target on shares of Texas Instruments from $268.00 to $298.00 and gave the stock an "outperform" rating in a report on Wednesday, October 23rd. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $209.20.

Texas Instruments Trading Up 5.3 %

Shares of Texas Instruments stock traded up $9.86 on Wednesday, hitting $196.32. The stock had a trading volume of 8,435,171 shares, compared to its average volume of 6,376,803. The company has a quick ratio of 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76. The stock has a market cap of $179.09 billion, a price-to-earnings ratio of 37.83, a PEG ratio of 2.96 and a beta of 0.97. Texas Instruments Incorporated has a one year low of $159.11 and a one year high of $220.38. The stock's 50-day simple moving average is $187.90 and its two-hundred day simple moving average is $197.23.

Texas Instruments (NASDAQ:TXN - Get Free Report) last released its earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 EPS for the quarter, beating analysts' consensus estimates 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 firm posted $1.49 earnings per share. As a group, sell-side analysts predict that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Dividend Announcement

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date was Friday, January 31st. Texas Instruments's payout ratio is 104.82%.

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.