HMV Wealth Advisors LLC Invests $603,000 in Texas Instruments Incorporated (NASDAQ:TXN)

HMV Wealth Advisors LLC acquired a new position in shares of Texas Instruments Incorporated (NASDAQ:TXN) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 3,216 shares of the semiconductor company’s stock, valued at approximately $603,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Assenagon Asset Management S.A. raised its holdings in Texas Instruments by 948.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 4,794,646 shares of the semiconductor company’s stock worth $899,044,000 after purchasing an additional 4,337,295 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Texas Instruments by 11.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 21,487,468 shares of the semiconductor company’s stock worth $4,029,115,000 after purchasing an additional 2,237,035 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Texas Instruments during the fourth quarter worth approximately $295,665,000. Van ECK Associates Corp raised its holdings in Texas Instruments by 21.8% during the fourth quarter. Van ECK Associates Corp now owns 7,513,870 shares of the semiconductor company’s stock worth $1,408,925,000 after purchasing an additional 1,345,629 shares in the last quarter. Finally, Amundi raised its holdings in Texas Instruments by 23.4% during the fourth quarter. Amundi now owns 6,650,490 shares of the semiconductor company’s stock worth $1,274,633,000 after purchasing an additional 1,262,365 shares in the last quarter. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently commented on TXN. 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. Benchmark reaffirmed a “buy” rating and issued a $230.00 price target on shares of Texas Instruments in a report on Friday, January 24th. Wells Fargo & Company dropped their price target on Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. Barclays dropped their price target on Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating on the stock in a report on Friday, January 24th. Finally, Mizuho dropped their price target on Texas Instruments from $200.00 to $190.00 and set a “neutral” rating on the stock in a report on Friday, January 24th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $209.20.

Insider Activity

In related news, Chairman Richard K. Templeton sold 97,000 shares of the company’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $197.69, for a total value of $19,175,930.00. Following the completion of the sale, the chairman now directly owns 409,089 shares in the company, valued at approximately $80,872,804.41. This represents a 19.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Mark A. Blinn sold 590 shares of the company’s 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 completion of the sale, the director now owns 11,717 shares of the company’s stock, valued at $2,117,379.07. This represents a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 297,655 shares of company stock worth $59,841,304 in the last ninety days. Corporate insiders own 0.57% of the company’s stock.

Texas Instruments Trading Up 1.6 %

NASDAQ TXN opened at $176.42 on Friday. The firm’s 50 day moving average price is $188.61 and its two-hundred day moving average price is $196.47. 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 twelve month low of $159.11 and a twelve month high of $220.38. The stock has a market cap of $160.53 billion, a price-to-earnings ratio of 33.99, a PEG ratio of 3.30 and a beta of 0.98.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 EPS for the quarter, beating the consensus estimate 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 quarter in the previous year, the company posted $1.49 EPS. Equities analysts anticipate that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st were issued a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a dividend yield of 3.08%. The ex-dividend date of this dividend was Friday, January 31st. Texas Instruments’s dividend payout ratio is currently 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.