Sovran Advisors LLC Invests $481,000 in Texas Instruments Incorporated (NASDAQ:TXN)

Sovran Advisors LLC acquired a new stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 2,487 shares of the semiconductor company’s stock, valued at approximately $481,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of TXN. Financial Life Planners bought a new position in shares of Texas Instruments during the fourth quarter valued at approximately $26,000. Retirement Wealth Solutions LLC bought a new stake in shares of Texas Instruments in the 4th quarter worth approximately $27,000. MidAtlantic Capital Management Inc. acquired a new position in Texas Instruments during the 3rd quarter valued at approximately $28,000. Tsfg LLC grew its stake in Texas Instruments by 82.0% during the 3rd quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock worth $38,000 after buying an additional 82 shares during the last quarter. Finally, Capital Performance Advisors LLP acquired a new stake in Texas Instruments in the third quarter worth $39,000. Institutional investors and hedge funds own 84.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on TXN shares. Bank of America reduced their price target on shares of Texas Instruments from $220.00 to $215.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. Mizuho reduced their target price on shares of Texas Instruments from $200.00 to $190.00 and set a “neutral” rating for the company in a research note on Friday, January 24th. Summit Insights upgraded shares of Texas Instruments from a “hold” rating to a “buy” rating in a research note on Wednesday, October 23rd. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $200.00 price target on shares of Texas Instruments in a report on Friday, January 24th. Finally, Barclays decreased their price objective on Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating for the company in a report on Friday, January 24th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $209.20.

Insider Transactions at Texas Instruments

In other news, Director Mark A. Blinn sold 590 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $180.71, for a total transaction of $106,618.90. Following the sale, the director now owns 11,717 shares in the company, valued at $2,117,379.07. The trade was a 4.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 of the company’s stock, valued at $2,912,295.59. This represents a 42.39 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.68% of the company’s stock.

Texas Instruments Price Performance

Shares of Texas Instruments stock opened at $179.99 on Thursday. Texas Instruments Incorporated has a 52 week low of $155.46 and a 52 week high of $220.38. The company has a current ratio of 4.12, a quick ratio of 2.88 and a debt-to-equity ratio of 0.76. The stock has a market cap of $164.19 billion, a PE ratio of 34.68, a price-to-earnings-growth ratio of 2.95 and a beta of 0.97. The company’s 50-day moving average price is $188.96 and its two-hundred day moving average price is $197.75.

Texas Instruments (NASDAQ:TXN) last released its earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.10. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. During the same period in the prior year, the company posted $1.49 EPS. As a group, sell-side analysts anticipate that Texas Instruments Incorporated will post 5.38 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st were given a dividend of $1.36 per share. The ex-dividend date of this dividend was Friday, January 31st. This represents a $5.44 dividend on an annualized basis and a dividend yield of 3.02%. Texas Instruments’s dividend payout ratio (DPR) is presently 104.82%.

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.