Matrix Trust Co Purchases 1,407 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Matrix Trust Co grew its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 13.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,055 shares of the semiconductor company’s stock after buying an additional 1,407 shares during the quarter. Matrix Trust Co’s holdings in Texas Instruments were worth $2,260,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Westover Capital Advisors LLC bought a new position in Texas Instruments in the 2nd quarter worth $292,000. Parallel Advisors LLC raised its holdings in Texas Instruments by 1.5% in the 2nd quarter. Parallel Advisors LLC now owns 21,633 shares of the semiconductor company’s stock worth $4,208,000 after purchasing an additional 330 shares during the period. Thoroughbred Financial Services LLC raised its holdings in Texas Instruments by 65.8% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 6,591 shares of the semiconductor company’s stock worth $1,282,000 after purchasing an additional 2,616 shares during the period. Envestnet Asset Management Inc. raised its holdings in Texas Instruments by 2.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,756,505 shares of the semiconductor company’s stock worth $341,693,000 after purchasing an additional 37,530 shares during the period. Finally, Williams Financial LLC bought a new position in Texas Instruments in the 2nd quarter worth $472,000. 84.99% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

TXN has been the topic of a number of recent research reports. Truist Financial decreased their target price on Texas Instruments from $198.00 to $190.00 and set a “hold” rating on the stock in a report on Wednesday, October 23rd. Robert W. Baird cut their price target on Texas Instruments from $200.00 to $175.00 and set a “neutral” rating for the company in a research note on Wednesday, October 23rd. Susquehanna cut their price target on Texas Instruments from $250.00 to $240.00 and set a “positive” rating for the company in a research note on Monday, October 21st. Evercore ISI increased their price target on Texas Instruments from $268.00 to $298.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Finally, Bank of America cut their price target on Texas Instruments from $220.00 to $215.00 and set a “neutral” rating for the company in a research note on Wednesday, October 23rd. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, Texas Instruments presently has a consensus rating of “Hold” and a consensus price target of $210.05.

Texas Instruments Trading Down 0.8 %

TXN opened at $190.15 on Monday. The firm has a market cap of $173.46 billion, a P/E ratio of 35.34, a P/E/G ratio of 4.19 and a beta of 0.98. Texas Instruments Incorporated has a 12 month low of $155.46 and a 12 month high of $220.38. The company has a current ratio of 4.31, a quick ratio of 3.14 and a debt-to-equity ratio of 0.74. The stock has a 50-day moving average of $196.73 and a 200 day moving average of $199.78.

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

Texas Instruments Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st were paid a $1.36 dividend. The ex-dividend date was Thursday, October 31st. This represents a $5.44 annualized dividend and a yield of 2.86%. This is an increase from Texas Instruments’s previous quarterly dividend of $1.30. Texas Instruments’s dividend payout ratio (DPR) is presently 101.12%.

Insiders Place Their Bets

In related news, Director Ronald Kirk sold 10,539 shares of Texas Instruments stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $203.33, for a total transaction of $2,142,894.87. Following the transaction, the director now directly owns 14,323 shares of the company’s stock, valued at $2,912,295.59. This trade represents a 42.39 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Robert E. Sanchez sold 9,990 shares of Texas Instruments stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $208.80, for a total transaction of $2,085,912.00. Following the transaction, the director now directly owns 20,461 shares in the company, valued at approximately $4,272,256.80. The trade was a 32.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.68% of the stock is owned by insiders.

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.