Ridgewood Investments LLC Grows Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Ridgewood Investments LLC lifted its position in Texas Instruments Incorporated (NASDAQ:TXN) by 19.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,431 shares of the semiconductor company’s stock after buying an additional 1,041 shares during the period. Ridgewood Investments LLC’s holdings in Texas Instruments were worth $1,206,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of TXN. MidAtlantic Capital Management Inc. purchased a new position in shares of Texas Instruments in the 3rd quarter worth $28,000. Tsfg LLC lifted its position in Texas Instruments by 82.0% during the third quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock valued at $38,000 after purchasing an additional 82 shares in the last quarter. Capital Performance Advisors LLP purchased a new position in Texas Instruments during the third quarter valued at $39,000. FSA Wealth Management LLC purchased a new position in Texas Instruments during the third quarter valued at $41,000. Finally, McClarren Financial Advisors Inc. purchased a new position in Texas Instruments during the third quarter valued at $43,000. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on TXN. Wells Fargo & Company began coverage on Texas Instruments in a research report on Friday, November 22nd. They set an “equal weight” rating and a $215.00 target price on the stock. Rosenblatt Securities reiterated a “buy” rating and set a $250.00 target price on shares of Texas Instruments in a research report on Wednesday, October 23rd. Robert W. Baird lowered their target price on Texas Instruments from $200.00 to $175.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 23rd. Cantor Fitzgerald restated a “neutral” rating and issued a $200.00 price objective on shares of Texas Instruments in a research report on Wednesday, October 23rd. Finally, Mizuho set a $200.00 price objective on Texas Instruments in a research report on Friday, October 18th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $210.05.

Texas Instruments Stock Performance

TXN traded down $3.00 during midday trading on Friday, hitting $188.66. 1,393,870 shares of the company were exchanged, compared to its average volume of 4,045,471. The company’s 50 day simple moving average is $197.03 and its 200 day simple moving average is $199.72. The firm has a market capitalization of $172.10 billion, a price-to-earnings ratio of 35.07, a price-to-earnings-growth ratio of 4.19 and a beta of 0.98. The company has a current ratio of 4.31, a quick ratio of 3.14 and a debt-to-equity ratio of 0.74. Texas Instruments Incorporated has a 1-year low of $155.46 and a 1-year high of $220.38.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.09. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. The company had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.12 billion. During the same period last year, the firm earned $1.80 EPS. The firm’s revenue for the quarter was down 8.4% compared to the same quarter last year. As a group, sell-side analysts predict that Texas Instruments Incorporated will post 5.08 earnings per share for the current year.

Texas Instruments Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st were paid a dividend of $1.36 per share. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.30. This represents a $5.44 annualized dividend and a dividend yield of 2.88%. The ex-dividend date was Thursday, October 31st. Texas Instruments’s dividend payout ratio is presently 101.12%.

Insider Transactions at Texas Instruments

In other Texas Instruments news, Director Robert E. Sanchez sold 9,990 shares of the firm’s stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $208.80, for a total value of $2,085,912.00. Following the transaction, the director now directly owns 20,461 shares of the company’s stock, valued at $4,272,256.80. This trade represents a 32.81 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Ronald Kirk sold 10,539 shares of the firm’s stock in a transaction that occurred 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 ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.68% of the company’s stock.

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.