Apollon Wealth Management LLC Acquires 1,244 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Apollon Wealth Management LLC lifted its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 3.6% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 35,429 shares of the semiconductor company’s stock after purchasing an additional 1,244 shares during the period. Apollon Wealth Management LLC’s holdings in Texas Instruments were worth $6,643,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Financial Life Planners acquired a new position in shares of Texas Instruments during the fourth quarter worth approximately $26,000. Retirement Wealth Solutions LLC acquired a new position in Texas Instruments during the 4th quarter worth $27,000. MidAtlantic Capital Management Inc. bought a new position in Texas Instruments in the 3rd quarter valued at $28,000. Tsfg LLC increased its stake in shares of Texas Instruments by 82.0% in the 3rd quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock valued at $38,000 after buying an additional 82 shares during the period. Finally, Capital Performance Advisors LLP bought a new stake in shares of Texas Instruments during the third quarter worth $39,000. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Texas Instruments Stock Down 1.8 %

Texas Instruments stock opened at $180.00 on Friday. The firm’s fifty day moving average is $190.17 and its 200 day moving average is $198.22. Texas Instruments Incorporated has a 12-month low of $155.46 and a 12-month high of $220.38. The company has a market capitalization of $164.20 billion, a PE ratio of 34.68, a PEG ratio of 2.95 and a beta of 0.97. The company has a quick ratio of 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76.

Texas Instruments (NASDAQ:TXN) last posted its 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 period last year, the firm earned $1.49 EPS. As a group, sell-side analysts predict that Texas Instruments Incorporated will post 5.38 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

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

Analysts Set New Price Targets

A number of analysts recently commented on TXN shares. Robert W. Baird lowered their price objective on Texas Instruments from $200.00 to $175.00 and set a “neutral” rating for the company in a research report on Wednesday, October 23rd. Mizuho lowered their price target on shares of Texas Instruments from $200.00 to $190.00 and set a “neutral” rating for the company in a research report on Friday, January 24th. Rosenblatt Securities restated a “buy” rating and issued a $250.00 price objective on shares of Texas Instruments in a report on Tuesday, January 21st. Evercore ISI upped their target price on shares of Texas Instruments from $268.00 to $298.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Finally, Bank of America dropped their price objective on Texas Instruments from $220.00 to $215.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Texas Instruments presently has a consensus rating of “Hold” and a consensus target price of $209.20.

Insider Buying and Selling

In other news, Director Ronald Kirk sold 10,539 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $203.33, for a total transaction of $2,142,894.87. Following the transaction, the director now directly owns 14,323 shares of the company’s stock, valued at approximately $2,912,295.59. The trade was a 42.39 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mark A. Blinn sold 590 shares of Texas Instruments stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $180.71, for a total transaction of $106,618.90. Following the sale, 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 position. The disclosure for this sale can be found here. 0.68% of the stock is currently owned by 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.