CMG Global Holdings LLC acquired a new stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 8,295 shares of the semiconductor company’s stock, valued at approximately $1,568,000. Texas Instruments comprises 1.4% of CMG Global Holdings LLC’s portfolio, making the stock its 19th largest holding.
Other hedge funds have also recently bought and sold shares of the company. Delta Asset Management LLC TN grew its holdings in shares of Texas Instruments by 198.2% in the fourth quarter. Delta Asset Management LLC TN now owns 170 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 113 shares during the last quarter. Lloyd Advisory Services LLC. purchased a new stake in Texas Instruments in the fourth quarter worth about $30,000. TRU Independence Asset Management 2 LLC purchased a new stake in Texas Instruments in the fourth quarter worth about $30,000. Encompass Wealth Advisors LLC purchased a new stake in Texas Instruments in the fourth quarter worth about $30,000. Finally, Retirement Group LLC purchased a new stake in Texas Instruments in the fourth quarter worth about $31,000. Institutional investors and hedge funds own 83.12% of the company’s stock.
TXN stock traded down $1.24 during trading on Friday, hitting $191.93. 5,792,893 shares of the company’s stock were exchanged, compared to its average volume of 4,785,068. The business has a 50-day moving average price of $181.05 and a two-hundred day moving average price of $166.40. The stock has a market capitalization of $176.62 billion, a price-to-earnings ratio of 36.28, a PEG ratio of 3.10 and a beta of 1.06. Texas Instruments Incorporated has a 52-week low of $105.45 and a 52-week high of $197.58. The company has a current ratio of 4.24, a quick ratio of 3.29 and a debt-to-equity ratio of 0.75.
Texas Instruments (NASDAQ:TXN) last posted its earnings results on Monday, January 25th. The semiconductor company reported $1.64 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.30. Texas Instruments had a return on equity of 61.05% and a net margin of 36.24%. The firm had revenue of $4.08 billion during the quarter, compared to analysts’ expectations of $3.61 billion. During the same quarter in the previous year, the business earned $1.11 earnings per share. The firm’s revenue was up 21.7% compared to the same quarter last year. On average, equities research analysts anticipate that Texas Instruments Incorporated will post 5.48 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, February 8th. Stockholders of record on Monday, February 1st were issued a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date was Friday, January 29th. Texas Instruments’s payout ratio is currently 77.86%.
In related news, VP Darla H. Whitaker sold 30,658 shares of the company’s stock in a transaction on Thursday, February 11th. The stock was sold at an average price of $177.41, for a total transaction of $5,439,035.78. Following the transaction, the vice president now owns 73,304 shares of the company’s stock, valued at $13,004,862.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Richard K. Templeton sold 112,500 shares of the company’s stock in a transaction on Friday, January 29th. The shares were sold at an average price of $166.13, for a total value of $18,689,625.00. Following the completion of the sale, the chief executive officer now directly owns 579,059 shares in the company, valued at approximately $96,199,071.67. The disclosure for this sale can be found here. In the last three months, insiders sold 544,325 shares of company stock worth $92,809,465. Corporate insiders own 0.73% of the company’s stock.
A number of analysts recently weighed in on TXN shares. Raymond James raised shares of Texas Instruments from a “market perform” rating to an “outperform” rating and set a $220.00 price objective for the company in a research note on Monday, March 1st. Jefferies Financial Group upped their price objective on shares of Texas Instruments from $185.00 to $206.00 and gave the company a “buy” rating in a report on Wednesday, January 27th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Texas Instruments from $150.00 to $170.00 and gave the company a “hold” rating in a report on Wednesday, January 27th. Truist upped their price objective on shares of Texas Instruments from $167.00 to $184.00 in a report on Wednesday, January 27th. Finally, Morgan Stanley upped their price objective on shares of Texas Instruments from $162.00 to $176.00 and gave the company an “underweight” rating in a report on Monday, April 12th. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and fifteen have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $172.46.
Texas Instruments Profile
Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements in various levels using battery management solutions, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage supervisors, voltage references, and lighting products.
Receive News & Ratings for Texas Instruments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Texas Instruments and related companies with MarketBeat.com's FREE daily email newsletter.