Waverly Advisors LLC Has $1.59 Million Position in Texas Instruments Incorporated (NASDAQ:TXN)

Waverly Advisors LLC raised its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 79.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,111 shares of the semiconductor company’s stock after buying an additional 4,035 shares during the period. Waverly Advisors LLC’s holdings in Texas Instruments were worth $1,587,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in TXN. Tennessee Valley Asset Management Partners purchased a new position in Texas Instruments during the 4th quarter worth $25,000. Richardson Financial Services Inc. purchased a new position in shares of Texas Instruments during the 4th quarter valued at $26,000. Scarborough Advisors LLC purchased a new stake in Texas Instruments in the 4th quarter worth about $26,000. Pacific Capital Wealth Advisors Inc. purchased a new stake in shares of Texas Instruments during the 4th quarter valued at approximately $31,000. Finally, Westend Capital Management LLC bought a new position in shares of Texas Instruments in the first quarter worth $31,000. 84.99% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

TXN has been the subject of a number of recent analyst reports. Jefferies Financial Group lifted their target price on Texas Instruments from $175.00 to $185.00 and gave the company a “hold” rating in a report on Wednesday, July 24th. Truist Financial lifted their target price on shares of Texas Instruments from $167.00 to $203.00 and gave the company a “hold” rating in a research report on Wednesday, July 24th. Oppenheimer reiterated a “market perform” rating on shares of Texas Instruments in a research report on Wednesday, April 24th. JPMorgan Chase & Co. increased their price target on shares of Texas Instruments from $195.00 to $230.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. Finally, Rosenblatt Securities upped their price objective on shares of Texas Instruments from $210.00 to $250.00 and gave the company a “buy” rating in a research note on Monday, July 22nd. Four equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $198.64.

Insiders Place Their Bets

In related news, Chairman Richard K. Templeton sold 100,440 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $178.47, for a total value of $17,925,526.80. Following the transaction, the chairman now owns 403,851 shares of the company’s stock, valued at $72,075,287.97. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.68% of the company’s stock.

Texas Instruments Price Performance

Shares of TXN opened at $204.95 on Wednesday. The firm’s 50-day simple moving average is $198.13 and its two-hundred day simple moving average is $180.46. Texas Instruments Incorporated has a fifty-two week low of $139.48 and a fifty-two week high of $210.84. The stock has a market cap of $187.13 billion, a PE ratio of 31.36, a price-to-earnings-growth ratio of 4.39 and a beta of 0.99. The company has a debt-to-equity ratio of 0.75, a quick ratio of 3.49 and a current ratio of 4.62.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings data on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.06. Texas Instruments had a return on equity of 31.10% and a net margin of 33.01%. The business had revenue of $3.82 billion for the quarter, compared to analysts’ expectations of $3.82 billion. During the same period in the prior year, the firm posted $1.87 EPS. The firm’s quarterly revenue was down 15.6% on a year-over-year basis. Analysts anticipate that Texas Instruments Incorporated will post 5.11 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 13th. Shareholders of record on Wednesday, July 31st will be paid a dividend of $1.30 per share. The ex-dividend date is Wednesday, July 31st. This represents a $5.20 dividend on an annualized basis and a yield of 2.54%. Texas Instruments’s dividend payout ratio is presently 81.12%.

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.