Jacobi Capital Management LLC Purchases 69 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Jacobi Capital Management LLC boosted its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 0.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 13,268 shares of the semiconductor company’s stock after buying an additional 69 shares during the quarter. Jacobi Capital Management LLC’s holdings in Texas Instruments were worth $2,488,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of TXN. Cahill Financial Advisors Inc. raised its stake in Texas Instruments by 3.5% in the third quarter. Cahill Financial Advisors Inc. now owns 1,443 shares of the semiconductor company’s stock valued at $298,000 after buying an additional 49 shares in the last quarter. KCM Investment Advisors LLC grew its holdings in shares of Texas Instruments by 1.4% during the third quarter. KCM Investment Advisors LLC now owns 3,574 shares of the semiconductor company’s stock worth $738,000 after buying an additional 50 shares during the last quarter. Lansing Street Advisors boosted its holdings in Texas Instruments by 4.7% in the 3rd quarter. Lansing Street Advisors now owns 1,127 shares of the semiconductor company’s stock valued at $233,000 after purchasing an additional 51 shares in the last quarter. ABLE Financial Group LLC boosted its holdings in Texas Instruments by 2.9% in the 3rd quarter. ABLE Financial Group LLC now owns 1,818 shares of the semiconductor company’s stock valued at $376,000 after purchasing an additional 52 shares in the last quarter. Finally, HF Advisory Group LLC lifted its position in shares of Texas Instruments by 0.6% during the 4th quarter. HF Advisory Group LLC now owns 8,544 shares of the semiconductor company’s stock valued at $1,602,000 after acquiring an additional 52 shares during the period. 84.99% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Texas Instruments

In related news, Director Mark A. Blinn sold 590 shares of the stock in a transaction that occurred 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 completion of the sale, the director now directly owns 11,717 shares of the company’s stock, valued at approximately $2,117,379.07. This represents a 4.79 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Richard K. Templeton sold 97,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $197.69, for a total transaction of $19,175,930.00. Following the transaction, the chairman now directly owns 409,089 shares of the company’s stock, valued at $80,872,804.41. This represents a 19.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 297,655 shares of company stock valued at $59,841,304. 0.68% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts recently issued reports on TXN shares. Truist Financial cut their price objective on Texas Instruments from $199.00 to $195.00 and set a “hold” rating for the company in a research report on Friday, January 24th. Benchmark reiterated a “buy” rating and issued a $230.00 price target on shares of Texas Instruments in a report on Friday, January 24th. Mizuho cut their price target on Texas Instruments from $200.00 to $190.00 and set a “neutral” rating for the company in a report on Friday, January 24th. Cantor Fitzgerald reissued a “neutral” rating and set a $200.00 price objective on shares of Texas Instruments in a research note on Friday, January 24th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $250.00 price objective on shares of Texas Instruments in a research note on Tuesday, January 21st. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $209.20.

Texas Instruments Trading Up 2.5 %

Shares of NASDAQ TXN opened at $196.02 on Friday. Texas Instruments Incorporated has a one year low of $159.11 and a one year 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 firm has a market capitalization of $178.44 billion, a PE ratio of 37.77, a PEG ratio of 3.30 and a beta of 0.97. The business has a 50-day moving average price of $189.49 and a two-hundred day moving average price of $197.68.

Texas Instruments (NASDAQ:TXN) last posted its earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share (EPS) for the quarter, beating 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 previous year, the firm earned $1.49 earnings per share. As a group, analysts predict that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st were issued a $1.36 dividend. This represents a $5.44 annualized dividend and a yield of 2.78%. The ex-dividend date was Friday, January 31st. 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.