Proficio Capital Partners LLC Increases Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Proficio Capital Partners LLC increased its position in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 69.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,834 shares of the semiconductor company's stock after acquiring an additional 1,566 shares during the period. Proficio Capital Partners LLC's holdings in Texas Instruments were worth $719,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Howard Capital Management Group LLC bought a new stake in Texas Instruments in the 3rd quarter worth about $202,000. Quest Partners LLC bought a new stake in shares of Texas Instruments in the third quarter worth approximately $226,000. Prospera Private Wealth LLC purchased a new position in shares of Texas Instruments during the third quarter valued at approximately $46,000. Segall Bryant & Hamill LLC bought a new position in Texas Instruments during the third quarter valued at approximately $3,556,000. Finally, LPL Financial LLC boosted its holdings in Texas Instruments by 5.2% in the third quarter. LPL Financial LLC now owns 597,519 shares of the semiconductor company's stock worth $123,429,000 after purchasing an additional 29,535 shares during the last quarter. 84.99% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on TXN. Mizuho decreased their target price 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. Cantor Fitzgerald reiterated a "neutral" rating and set a $200.00 price objective on shares of Texas Instruments in a research report on Friday, January 24th. Rosenblatt Securities reissued a "buy" rating and issued a $250.00 target price on shares of Texas Instruments in a research report on Tuesday, January 21st. Wells Fargo & Company cut their price target on Texas Instruments from $215.00 to $208.00 and set an "equal weight" rating for the company in a research note on Monday, January 13th. Finally, Truist Financial lowered their price objective on shares of Texas Instruments from $199.00 to $195.00 and set a "hold" rating on the stock in a research note on Friday, January 24th. Two 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 company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $209.20.

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Texas Instruments Price Performance

TXN stock traded up $0.52 during midday trading on Wednesday, hitting $184.49. The company's stock had a trading volume of 5,808,204 shares, compared to its average volume of 5,363,380. The firm has a market capitalization of $167.87 billion, a price-to-earnings ratio of 35.55, a price-to-earnings-growth ratio of 3.30 and a beta of 0.98. The company has a quick ratio of 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76. Texas Instruments Incorporated has a 12 month low of $159.11 and a 12 month high of $220.39. The company has a 50 day moving average of $187.16 and a two-hundred day moving average of $195.06.

Texas Instruments (NASDAQ:TXN - Get Free Report) last posted its earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share for the quarter, beating 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 previous year, the business earned $1.49 earnings per share. On average, analysts expect that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Dividend Announcement

The company also recently disclosed 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. The ex-dividend date was Friday, January 31st. This represents a $5.44 annualized dividend and a dividend yield of 2.95%. Texas Instruments's dividend payout ratio (DPR) is 104.82%.

Insider Activity

In other Texas Instruments news, Director Janet F. Clark sold 6,065 shares of the 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 transaction, the director now owns 10,816 shares in the company, valued at $2,202,353.92. This trade represents a 35.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Richard K. Templeton sold 97,000 shares of the business's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $197.69, for a total transaction of $19,175,930.00. Following the completion of the sale, the chairman now owns 409,089 shares in the company, valued at approximately $80,872,804.41. This trade represents a 19.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 297,655 shares of company stock worth $59,841,304. 0.57% of the stock is currently owned by insiders.

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.