Brooklyn Investment Group Acquires 207 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Brooklyn Investment Group increased its position in Texas Instruments Incorporated (NASDAQ:TXN) by 3.6% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 5,884 shares of the semiconductor company’s stock after buying an additional 207 shares during the quarter. Brooklyn Investment Group’s holdings in Texas Instruments were worth $1,103,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Merit Financial Group LLC lifted its position in Texas Instruments by 111.9% in the 4th quarter. Merit Financial Group LLC now owns 52,987 shares of the semiconductor company’s stock worth $9,936,000 after buying an additional 27,987 shares during the last quarter. Wedge Capital Management L L P NC lifted its position in Texas Instruments by 10.6% in the 4th quarter. Wedge Capital Management L L P NC now owns 56,625 shares of the semiconductor company’s stock worth $10,618,000 after buying an additional 5,412 shares during the last quarter. First National Bank of Mount Dora Trust Investment Services increased its stake in Texas Instruments by 1.2% in the 4th quarter. First National Bank of Mount Dora Trust Investment Services now owns 51,344 shares of the semiconductor company’s stock worth $9,628,000 after purchasing an additional 617 shares during the period. Relyea Zuckerberg Hanson LLC increased its stake in Texas Instruments by 7.5% in the 4th quarter. Relyea Zuckerberg Hanson LLC now owns 2,294 shares of the semiconductor company’s stock worth $430,000 after purchasing an additional 161 shares during the period. Finally, Wealthcare Advisory Partners LLC increased its stake in Texas Instruments by 6.6% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 6,724 shares of the semiconductor company’s stock worth $1,261,000 after purchasing an additional 418 shares during the period. Institutional investors own 84.99% of the company’s stock.

Analyst Upgrades and Downgrades

TXN has been the topic of a number of analyst reports. Benchmark reaffirmed a “buy” rating and issued a $230.00 price target on shares of Texas Instruments in a research note on Wednesday, October 23rd. Rosenblatt Securities reaffirmed a “buy” rating and issued a $250.00 price target on shares of Texas Instruments in a research note on Wednesday, October 23rd. Morgan Stanley lifted their price target on Texas Instruments from $154.00 to $167.00 and gave the stock an “underweight” rating in a research note on Wednesday, October 23rd. Cantor Fitzgerald reissued a “neutral” rating and set a $200.00 target price on shares of Texas Instruments in a research note on Wednesday, October 23rd. Finally, Summit Insights raised Texas Instruments from a “hold” rating to a “buy” rating in a research note on Wednesday, October 23rd. Two equities 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 company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $209.71.

Texas Instruments Trading Up 2.7 %

Texas Instruments stock opened at $192.42 on Friday. 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 business’s fifty day simple moving average is $195.35 and its two-hundred day simple moving average is $199.65. Texas Instruments Incorporated has a 12 month low of $155.46 and a 12 month high of $220.38. The company has a market capitalization of $175.53 billion, a price-to-earnings ratio of 35.77, a price-to-earnings-growth ratio of 3.69 and a beta of 0.98.

Texas Instruments (NASDAQ:TXN) last released its earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 EPS 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 business had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.12 billion. During the same period in the previous year, the company posted $1.80 earnings per share. The company’s revenue for the quarter was down 8.4% compared to the same quarter last year. As a group, equities analysts predict that Texas Instruments Incorporated will post 5.08 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st will be issued a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date is Friday, January 31st. Texas Instruments’s payout ratio is currently 101.12%.

Insider Activity at Texas Instruments

In other Texas Instruments news, Director Robert E. Sanchez sold 9,990 shares of the firm’s stock in a transaction dated Friday, October 25th. The stock was 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 approximately $4,272,256.80. This trade represents a 32.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Ronald Kirk sold 10,539 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $203.33, for a total value 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. The trade was a 42.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.68% of the stock is currently owned by insiders.

About Texas Instruments

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.