Texas Instruments Incorporated (NASDAQ:TXN) Shares Acquired by Janney Capital Management LLC

Janney Capital Management LLC lifted its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 273.9% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 55,597 shares of the semiconductor company’s stock after buying an additional 40,728 shares during the period. Janney Capital Management LLC’s holdings in Texas Instruments were worth $10,425,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of TXN. Albion Financial Group UT boosted its stake in Texas Instruments by 2.2% in the 4th quarter. Albion Financial Group UT now owns 25,818 shares of the semiconductor company’s stock worth $4,841,000 after buying an additional 562 shares during the last quarter. Simon Quick Advisors LLC lifted its holdings in shares of Texas Instruments by 1.8% during the 4th quarter. Simon Quick Advisors LLC now owns 5,287 shares of the semiconductor company’s stock worth $991,000 after acquiring an additional 94 shares during the period. MCF Advisors LLC boosted its position in shares of Texas Instruments by 8.7% in the fourth quarter. MCF Advisors LLC now owns 4,519 shares of the semiconductor company’s stock worth $847,000 after acquiring an additional 361 shares during the last quarter. Fort Washington Investment Advisors Inc. OH grew its holdings in Texas Instruments by 4.5% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 1,070,968 shares of the semiconductor company’s stock valued at $200,817,000 after purchasing an additional 45,877 shares during the period. Finally, Exchange Bank increased its position in Texas Instruments by 1.0% during the fourth quarter. Exchange Bank now owns 7,119 shares of the semiconductor company’s stock worth $1,335,000 after purchasing an additional 68 shares during the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.

Texas Instruments Price Performance

TXN opened at $197.74 on Wednesday. The stock has a market cap of $180.38 billion, a price-to-earnings ratio of 36.39, a PEG ratio of 3.74 and a beta of 0.98. The stock has a fifty day moving average price of $193.97 and a 200 day moving average price of $199.58. Texas Instruments Incorporated has a 1 year low of $155.46 and a 1 year 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.

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

Texas Instruments Dividend Announcement

The company also recently disclosed 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 annualized dividend and a dividend yield of 2.75%. The ex-dividend date is Friday, January 31st. Texas Instruments’s payout ratio is presently 101.12%.

Insider Activity

In related news, Director Ronald Kirk sold 10,539 shares of the stock in a transaction dated 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 completion of the sale, the director now owns 14,323 shares in the company, valued at $2,912,295.59. This trade represents a 42.39 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Robert E. Sanchez sold 9,990 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the director now directly owns 20,461 shares in the company, valued at $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 currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on TXN. Barclays dropped their target price on shares of Texas Instruments from $210.00 to $200.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 23rd. Bank of America cut their target price on shares of Texas Instruments from $220.00 to $215.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 23rd. Summit Insights raised shares of Texas Instruments from a “hold” rating to a “buy” rating in a research report on Wednesday, October 23rd. Truist Financial lowered their price target on Texas Instruments from $198.00 to $190.00 and set a “hold” rating for the company in a report on Wednesday, October 23rd. Finally, Susquehanna decreased their price target on Texas Instruments from $250.00 to $240.00 and set a “positive” rating for the company in a report on Monday, October 21st. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $210.45.

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.