Avity Investment Management Inc. Acquires 28,597 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Avity Investment Management Inc. boosted its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 16.7% during the 1st quarter, HoldingsChannel reports. The fund owned 199,926 shares of the semiconductor company’s stock after acquiring an additional 28,597 shares during the quarter. Texas Instruments comprises 2.9% of Avity Investment Management Inc.’s investment portfolio, making the stock its 20th largest position. Avity Investment Management Inc.’s holdings in Texas Instruments were worth $34,829,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of TXN. Tennessee Valley Asset Management Partners acquired a new position in shares of Texas Instruments during the 4th quarter worth about $25,000. Life Planning Partners Inc bought a new stake in shares of Texas Instruments during the 4th quarter worth approximately $26,000. Richardson Financial Services Inc. bought a new position in Texas Instruments in the fourth quarter valued at about $26,000. Scarborough Advisors LLC bought a new position in shares of Texas Instruments in the 4th quarter valued at $26,000. Finally, Westend Capital Management LLC bought a new stake in shares of Texas Instruments in the first quarter worth $31,000. 84.99% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Chairman Richard K. Templeton sold 104,000 shares of the business’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $178.68, for a total transaction of $18,582,720.00. Following the completion of the sale, the chairman now directly owns 403,851 shares of the company’s stock, valued at approximately $72,160,096.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Texas Instruments news, Chairman Richard K. Templeton sold 104,000 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $178.68, for a total value of $18,582,720.00. Following the transaction, the chairman now directly owns 403,851 shares of the company’s stock, valued at approximately $72,160,096.68. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Pamela H. Patsley sold 9,990 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $179.12, for a total value of $1,789,408.80. Following the completion of the sale, the director now owns 33,348 shares of the company’s stock, valued at $5,973,293.76. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 328,969 shares of company stock valued at $58,427,984. 0.68% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Stifel Nicolaus increased their target price on shares of Texas Instruments from $160.00 to $172.00 and gave the stock a “hold” rating in a research note on Wednesday, April 24th. Jefferies Financial Group lowered shares of Texas Instruments from a “buy” rating to a “hold” rating and reduced their price objective for the company from $200.00 to $175.00 in a research note on Monday, May 13th. Truist Financial increased their target price on shares of Texas Instruments from $165.00 to $167.00 and gave the stock a “hold” rating in a research note on Wednesday, April 24th. JPMorgan Chase & Co. boosted their price objective on Texas Instruments from $180.00 to $195.00 and gave the stock an “overweight” rating in a report on Wednesday, April 24th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $210.00 price objective on shares of Texas Instruments in a report on Wednesday, April 24th. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $183.43.

Texas Instruments Stock Up 0.6 %

NASDAQ TXN traded up $1.10 during trading hours on Friday, hitting $194.53. 8,860,990 shares of the company were exchanged, compared to its average volume of 4,647,702. The company has a 50 day moving average of $190.26 and a two-hundred day moving average of $175.16. The company has a quick ratio of 3.76, a current ratio of 4.91 and a debt-to-equity ratio of 0.76. Texas Instruments Incorporated has a 52-week low of $139.48 and a 52-week high of $206.00. The firm has a market cap of $177.12 billion, a price-to-earnings ratio of 30.35, a PEG ratio of 4.19 and a beta of 1.00.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.13. The firm had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $3.61 billion. Texas Instruments had a return on equity of 35.28% and a net margin of 35.16%. The firm’s quarterly revenue was down 16.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.85 EPS. Equities research analysts anticipate that Texas Instruments Incorporated will post 5.13 earnings per share for the current year.

Texas Instruments Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 21st. Shareholders of record on Wednesday, May 8th were given a dividend of $1.30 per share. The ex-dividend date was Tuesday, May 7th. This represents a $5.20 annualized dividend and a yield of 2.67%. Texas Instruments’s payout ratio is currently 81.12%.

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.