Texas Instruments Incorporated (NASDAQ:TXN) Stake Lifted by Callahan Advisors LLC

Callahan Advisors LLC raised its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 5.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,774 shares of the semiconductor company’s stock after buying an additional 85 shares during the quarter. Callahan Advisors LLC’s holdings in Texas Instruments were worth $333,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Financial Life Planners acquired a new position in Texas Instruments during the 4th quarter valued at about $26,000. Retirement Wealth Solutions LLC bought a new stake in shares of Texas Instruments during the fourth quarter valued at approximately $27,000. MidAtlantic Capital Management Inc. acquired a new position in shares of Texas Instruments during the third quarter worth approximately $28,000. Capital Performance Advisors LLP bought a new position in Texas Instruments in the 3rd quarter worth approximately $39,000. Finally, FSA Wealth Management LLC acquired a new stake in Texas Instruments in the 3rd quarter valued at approximately $41,000. Institutional investors and hedge funds own 84.99% of the company’s stock.

Insider Activity at Texas Instruments

In other news, Director Ronald Kirk sold 10,539 shares of the 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 transaction, the director now owns 14,323 shares in the company, valued at $2,912,295.59. This represents a 42.39 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Mark A. Blinn sold 590 shares of the stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $180.71, for a total transaction of $106,618.90. Following the transaction, the director now directly 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 disclosure for this sale can be found here. Insiders own 0.68% of the company’s stock.

Analyst Upgrades and Downgrades

TXN has been the subject of several recent analyst reports. Bank of America decreased 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. Robert W. Baird decreased their target price on shares of Texas Instruments from $200.00 to $175.00 and set a “neutral” rating for the company in a research report on Wednesday, October 23rd. Benchmark restated a “buy” rating and set a $230.00 price target on shares of Texas Instruments in a research report on Friday, January 24th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $200.00 price objective on shares of Texas Instruments in a report on Friday, January 24th. Finally, Truist Financial dropped their target price on Texas Instruments from $199.00 to $195.00 and set a “hold” rating on the stock in a report on Friday, January 24th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $209.20.

Texas Instruments Trading Up 1.9 %

Texas Instruments stock opened at $186.46 on Wednesday. The company has a 50 day moving average price of $187.90 and a 200 day moving average price of $197.23. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.88 and a current ratio of 4.12. Texas Instruments Incorporated has a 52 week low of $159.11 and a 52 week high of $220.38. The firm has a market capitalization of $170.09 billion, a price-to-earnings ratio of 35.93, a P/E/G ratio of 2.96 and a beta of 0.97.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.10. Texas Instruments had a return on equity of 28.08% and a net margin of 30.68%. During the same quarter in the prior year, the business earned $1.49 EPS. Research analysts forecast that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Friday, January 31st were issued a dividend of $1.36 per share. The ex-dividend date of this dividend was Friday, January 31st. This represents a $5.44 annualized dividend and a dividend yield of 2.92%. Texas Instruments’s dividend payout ratio is 104.82%.

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.