Strategic Financial Concepts LLC Acquires New Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Strategic Financial Concepts LLC acquired a new position in Texas Instruments Incorporated (NASDAQ:TXN) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 125,693 shares of the semiconductor company’s stock, valued at approximately $23,569,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TXN. Fiduciary Alliance LLC boosted its holdings in shares of Texas Instruments by 25.3% in the fourth quarter. Fiduciary Alliance LLC now owns 36,801 shares of the semiconductor company’s stock valued at $6,901,000 after acquiring an additional 7,424 shares in the last quarter. Townsquare Capital LLC boosted its stake in Texas Instruments by 5.9% during the 3rd quarter. Townsquare Capital LLC now owns 93,689 shares of the semiconductor company’s stock valued at $19,353,000 after purchasing an additional 5,201 shares in the last quarter. Ameritas Advisory Services LLC increased its position in shares of Texas Instruments by 73.7% during the 4th quarter. Ameritas Advisory Services LLC now owns 8,739 shares of the semiconductor company’s stock valued at $1,639,000 after purchasing an additional 3,707 shares during the period. HB Wealth Management LLC raised its stake in shares of Texas Instruments by 4.4% in the 4th quarter. HB Wealth Management LLC now owns 99,856 shares of the semiconductor company’s stock worth $18,724,000 after buying an additional 4,238 shares in the last quarter. Finally, Swiss National Bank boosted its stake in Texas Instruments by 0.3% during the third quarter. Swiss National Bank now owns 2,702,500 shares of the semiconductor company’s stock valued at $558,255,000 after buying an additional 8,100 shares in the last quarter. Institutional investors own 84.99% of the company’s stock.

Texas Instruments Price Performance

TXN opened at $180.00 on Friday. The stock has a fifty day moving average price of $190.17 and a 200 day moving average price of $198.22. The company has a current ratio of 4.12, a quick ratio of 2.88 and a debt-to-equity ratio of 0.76. Texas Instruments Incorporated has a 1 year low of $155.46 and a 1 year high of $220.38. The stock has a market cap of $164.20 billion, a price-to-earnings ratio of 34.68, a PEG ratio of 2.94 and a beta of 0.97.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate 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 last year, the business posted $1.49 earnings per share. Analysts forecast that Texas Instruments Incorporated will post 5.42 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 11th. Investors of record on Friday, January 31st will be paid a $1.36 dividend. This represents a $5.44 annualized dividend and a dividend yield of 3.02%. The ex-dividend date is Friday, January 31st. Texas Instruments’s payout ratio is presently 104.82%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on TXN. Susquehanna dropped their price target on shares of Texas Instruments from $250.00 to $240.00 and set a “positive” rating on the stock in a research report on Monday, October 21st. Evercore ISI increased their target price on shares of Texas Instruments from $268.00 to $298.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Barclays decreased their price target on shares of Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating on the stock in a research report on Friday, January 24th. Morgan Stanley raised their price objective on Texas Instruments from $154.00 to $167.00 and gave the stock an “underweight” rating in a research note on Wednesday, October 23rd. Finally, Bank of America cut their target price on Texas Instruments from $220.00 to $215.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 23rd. Two 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’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $209.20.

Insider Buying and Selling

In other Texas Instruments news, Director Mark A. Blinn sold 590 shares of the company’s 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ronald Kirk sold 10,539 shares of Texas Instruments stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 14,323 shares in the company, valued at approximately $2,912,295.59. This represents a 42.39 % decrease in their position. The disclosure for this sale can be found here. 0.68% of the stock is currently owned by corporate insiders.

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.