Sendero Wealth Management LLC Grows Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Sendero Wealth Management LLC grew its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 5.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,817 shares of the semiconductor company’s stock after purchasing an additional 375 shares during the period. Sendero Wealth Management LLC’s holdings in Texas Instruments were worth $1,466,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TXN. Armstrong Advisory Group Inc. grew its stake in shares of Texas Instruments by 7.6% in the fourth quarter. Armstrong Advisory Group Inc. now owns 909 shares of the semiconductor company’s stock valued at $171,000 after buying an additional 64 shares in the last quarter. Apella Capital LLC boosted its holdings in Texas Instruments by 2.1% during the 4th quarter. Apella Capital LLC now owns 8,461 shares of the semiconductor company’s stock valued at $1,587,000 after acquiring an additional 176 shares during the period. Founders Grove Wealth Partners LLC purchased a new position in Texas Instruments during the 4th quarter valued at about $226,000. Avity Investment Management Inc. grew its position in Texas Instruments by 1.6% in the 4th quarter. Avity Investment Management Inc. now owns 198,922 shares of the semiconductor company’s stock valued at $37,300,000 after acquiring an additional 3,180 shares in the last quarter. Finally, Moseley Investment Management Inc. increased its stake in Texas Instruments by 2.3% during the fourth quarter. Moseley Investment Management Inc. now owns 2,825 shares of the semiconductor company’s stock worth $530,000 after purchasing an additional 63 shares during the period. Institutional investors and hedge funds own 84.99% of the company’s stock.

Texas Instruments Trading Up 2.1 %

Shares of TXN stock opened at $197.51 on Thursday. The company has a quick ratio of 3.14, a current ratio of 4.31 and a debt-to-equity ratio of 0.74. Texas Instruments Incorporated has a fifty-two week low of $155.46 and a fifty-two week high of $220.38. The firm’s 50 day moving average price is $196.30 and its two-hundred day moving average price is $199.76. The stock has a market cap of $180.17 billion, a price-to-earnings ratio of 36.71, a price-to-earnings-growth ratio of 3.69 and a beta of 0.98.

Texas Instruments (NASDAQ:TXN) last posted its earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.09. Texas Instruments had a net margin of 31.60% and a return on equity of 29.05%. The business had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.12 billion. During the same quarter in the previous year, the business posted $1.80 EPS. The business’s quarterly revenue was down 8.4% on a year-over-year basis. On average, analysts anticipate that Texas Instruments Incorporated will post 5.08 EPS for the current year.

Wall Street Analyst Weigh In

TXN has been the topic of several recent research reports. Summit Insights raised shares of Texas Instruments from a “hold” rating to a “buy” rating in a research note on Wednesday, October 23rd. Truist Financial dropped their price target on shares of Texas Instruments from $198.00 to $190.00 and set a “hold” rating for the company in a research note on Wednesday, October 23rd. Wells Fargo & Company reduced their price objective on Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating on the stock in a research note on Monday. Benchmark reissued a “buy” rating and set a $230.00 target price on shares of Texas Instruments 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 on the stock in a report on Wednesday, October 23rd. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, Texas Instruments currently has a consensus rating of “Hold” and an average target price of $209.71.

Insider Activity

In related news, Director Ronald Kirk sold 10,539 shares of Texas Instruments stock in a transaction 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 sale, the director now owns 14,323 shares of the company’s stock, valued at $2,912,295.59. The trade was a 42.39 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Robert E. Sanchez sold 9,990 shares of the stock in a transaction dated 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 completion of the transaction, the director now directly owns 20,461 shares of the company’s stock, valued at $4,272,256.80. This represents a 32.81 % decrease in their position. The disclosure for this sale can be found here. 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.