MJP Associates Inc. ADV Has $332,000 Stake in Texas Instruments Incorporated (NASDAQ:TXN)

MJP Associates Inc. ADV raised its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 53.8% during the 4th quarter, Holdings Channel reports. The institutional investor owned 1,946 shares of the semiconductor company’s stock after purchasing an additional 681 shares during the quarter. MJP Associates Inc. ADV’s holdings in Texas Instruments were worth $332,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Annapolis Financial Services LLC grew its holdings in Texas Instruments by 333.3% during the third quarter. Annapolis Financial Services LLC now owns 156 shares of the semiconductor company’s stock valued at $25,000 after purchasing an additional 120 shares during the last quarter. Briaud Financial Planning Inc bought a new position in shares of Texas Instruments during the 3rd quarter worth about $25,000. Riverview Trust Co raised its position in shares of Texas Instruments by 57.4% during the third quarter. Riverview Trust Co now owns 181 shares of the semiconductor company’s stock valued at $29,000 after buying an additional 66 shares during the last quarter. Coppell Advisory Solutions Corp. acquired a new stake in Texas Instruments during the fourth quarter worth about $30,000. Finally, AMH Equity Ltd bought a new position in Texas Instruments during the third quarter valued at about $32,000. Institutional investors and hedge funds own 84.99% of the company’s stock.

Insiders Place Their Bets

In related news, Director Mark A. Blinn sold 1,744 shares of the stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $159.85, for a total value of $278,778.40. Following the completion of the transaction, the director now owns 11,693 shares of the company’s stock, valued at approximately $1,869,126.05. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 0.68% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on TXN shares. KeyCorp lifted their price target on shares of Texas Instruments from $180.00 to $200.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 24th. Susquehanna lowered their price objective on Texas Instruments from $205.00 to $200.00 and set a “positive” rating on the stock in a research note on Wednesday, January 24th. TD Cowen raised their target price on Texas Instruments from $145.00 to $160.00 and gave the stock a “market perform” rating in a research report on Wednesday, January 24th. Cantor Fitzgerald reiterated a “neutral” rating and set a $170.00 price objective on shares of Texas Instruments in a research note on Monday, March 4th. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $190.00 target price on shares of Texas Instruments in a research report on Tuesday, January 23rd. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Texas Instruments currently has a consensus rating of “Hold” and an average price target of $173.89.

Texas Instruments Stock Up 0.8 %

Shares of NASDAQ TXN traded up $1.34 during trading hours on Thursday, hitting $174.21. The company had a trading volume of 4,361,255 shares, compared to its average volume of 5,662,097. The stock has a market capitalization of $158.54 billion, a P/E ratio of 24.65, a price-to-earnings-growth ratio of 3.61 and a beta of 1.04. Texas Instruments Incorporated has a 1-year low of $139.48 and a 1-year high of $188.12. The firm’s 50 day moving average is $166.63 and its 200-day moving average is $160.86. The company has a quick ratio of 3.35, a current ratio of 4.55 and a debt-to-equity ratio of 0.63.

Texas Instruments (NASDAQ:TXN) last issued its earnings results on Monday, January 22nd. The semiconductor company reported $1.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.46 by $0.03. The company had revenue of $4.08 billion for the quarter, compared to analysts’ expectations of $4.12 billion. Texas Instruments had a net margin of 37.16% and a return on equity of 39.96%. Texas Instruments’s quarterly revenue was down 12.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.13 EPS. On average, analysts expect that Texas Instruments Incorporated will post 5.16 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 13th. Stockholders of record on Wednesday, January 31st were given a $1.30 dividend. The ex-dividend date was Tuesday, January 30th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.98%. Texas Instruments’s payout ratio is presently 73.65%.

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.