Verus Capital Partners LLC Raises Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Verus Capital Partners LLC boosted its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 5.3% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 1,478 shares of the semiconductor company’s stock after buying an additional 75 shares during the period. Verus Capital Partners LLC’s holdings in Texas Instruments were worth $277,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of TXN. Howard Capital Management Group LLC purchased a new stake in Texas Instruments in the 3rd quarter worth $202,000. Principal Securities Inc. grew its position in shares of Texas Instruments by 14.8% during the third quarter. Principal Securities Inc. now owns 14,462 shares of the semiconductor company’s stock valued at $2,987,000 after purchasing an additional 1,862 shares in the last quarter. Campbell Wealth Management purchased a new position in shares of Texas Instruments during the third quarter valued at about $545,000. Addis & Hill Inc purchased a new position in shares of Texas Instruments during the third quarter valued at about $317,000. Finally, Lowe Brockenbrough & Co. Inc. grew its position in shares of Texas Instruments by 16.6% during the third quarter. Lowe Brockenbrough & Co. Inc. now owns 1,578 shares of the semiconductor company’s stock valued at $326,000 after purchasing an additional 225 shares in the last quarter. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Analysts Set New Price Targets

TXN has been the subject of a number of research analyst reports. Wells Fargo & Company cut their price objective on Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating for the company in a research report on Monday, January 13th. Barclays cut their price objective on Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating for the company in a research report on Friday, January 24th. Cantor Fitzgerald restated a “neutral” rating and set a $200.00 price objective on shares of Texas Instruments in a research report on Friday, January 24th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $250.00 price target on shares of Texas Instruments in a report on Tuesday, January 21st. Finally, Truist Financial lowered their price target on shares of Texas Instruments from $199.00 to $195.00 and set a “hold” rating for the company 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 assigned a buy rating to the company’s stock. According to MarketBeat, Texas Instruments has an average rating of “Hold” and an average target price of $209.20.

Texas Instruments Stock Performance

Shares of NASDAQ:TXN opened at $196.02 on Friday. The firm has a market cap of $178.44 billion, a PE ratio of 37.77, a price-to-earnings-growth ratio of 3.30 and a beta of 0.97. The firm’s 50 day simple moving average is $189.49 and its 200-day simple moving average is $197.68. Texas Instruments Incorporated has a one year low of $159.11 and a one year high of $220.38. 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 (NASDAQ:TXN) last issued its earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 EPS for the quarter, topping 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 quarter last year, the firm earned $1.49 EPS. As a group, equities analysts predict that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st were given a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.78%. The ex-dividend date of this dividend was Friday, January 31st. Texas Instruments’s dividend payout ratio (DPR) is presently 104.82%.

Insider Transactions at Texas Instruments

In related news, Director Mark A. Blinn sold 590 shares of Texas Instruments stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $180.71, for a total transaction of $106,618.90. Following the transaction, the director now directly owns 11,717 shares of the company’s stock, valued at $2,117,379.07. This trade represents a 4.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Chairman Richard K. Templeton sold 97,000 shares of Texas Instruments stock in a transaction that occurred on Wednesday, February 26th. The shares were 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 in the company, valued at approximately $80,872,804.41. The trade was a 19.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 297,655 shares of company stock valued at $59,841,304. 0.68% of the stock is currently owned by company insiders.

Texas Instruments 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.