Parsons Capital Management Inc. RI raised its position in Texas Instruments Incorporated (NASDAQ:TXN) by 0.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,923 shares of the semiconductor company’s stock after acquiring an additional 85 shares during the quarter. Parsons Capital Management Inc. RI’s holdings in Texas Instruments were worth $1,875,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of TXN. Delta Asset Management LLC TN grew its position in shares of Texas Instruments by 198.2% during the fourth quarter. Delta Asset Management LLC TN now owns 170 shares of the semiconductor company’s stock worth $28,000 after buying an additional 113 shares in the last quarter. Lloyd Advisory Services LLC. acquired a new stake in shares of Texas Instruments during the fourth quarter worth approximately $30,000. TRU Independence Asset Management 2 LLC acquired a new stake in shares of Texas Instruments during the fourth quarter worth approximately $30,000. Curi Capital acquired a new stake in shares of Texas Instruments during the fourth quarter worth approximately $30,000. Finally, Encompass Wealth Advisors LLC acquired a new stake in shares of Texas Instruments during the fourth quarter worth approximately $30,000. 83.12% of the stock is owned by institutional investors.
TXN has been the subject of a number of research reports. Summit Insights raised shares of Texas Instruments from a “hold” rating to a “buy” rating in a report on Wednesday, January 27th. Susquehanna Bancshares raised their target price on Texas Instruments from $200.00 to $220.00 and gave the company a “positive” rating in a research note on Wednesday, April 28th. Cascend Securities raised their target price on Texas Instruments from $200.00 to $210.00 and gave the company a “buy” rating in a research note on Monday. Truist raised their target price on Texas Instruments from $184.00 to $200.00 in a research note on Wednesday, April 28th. Finally, Jefferies Financial Group raised their target price on Texas Instruments from $206.00 to $220.00 and gave the company a “buy” rating in a research note on Tuesday. Four analysts have rated the stock with a sell rating, seven have given a hold rating and seventeen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $189.23.
In related news, VP Darla H. Whitaker sold 30,658 shares of Texas Instruments stock in a transaction dated Thursday, February 11th. The stock was sold at an average price of $177.41, for a total value of $5,439,035.78. Following the transaction, the vice president now owns 73,304 shares of the company’s stock, valued at approximately $13,004,862.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Mark Gary sold 12,715 shares of Texas Instruments stock in a transaction dated Monday, February 8th. The stock was sold at an average price of $173.76, for a total value of $2,209,358.40. Following the completion of the transaction, the vice president now directly owns 29,601 shares in the company, valued at approximately $5,143,469.76. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 241,518 shares of company stock worth $41,675,362. 0.73% of the stock is owned by corporate insiders.
NASDAQ:TXN opened at $178.80 on Tuesday. The business’s 50-day moving average price is $186.62 and its 200 day moving average price is $169.79. The firm has a market cap of $165.12 billion, a P/E ratio of 33.80, 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 quick ratio of 3.29, a current ratio of 4.24 and a debt-to-equity ratio of 0.75.
Texas Instruments (NASDAQ:TXN) last released its earnings results on Tuesday, April 27th. The semiconductor company reported $1.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.56 by $0.31. The firm had revenue of $4.29 billion for the quarter, compared to analyst estimates of $3.98 billion. Texas Instruments had a return on equity of 61.05% and a net margin of 36.24%. Texas Instruments’s revenue was up 28.8% compared to the same quarter last year. During the same period in the previous year, the company earned $1.14 earnings per share. Sell-side analysts expect that Texas Instruments Incorporated will post 5.48 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, May 17th. Investors of record on Monday, May 3rd will be issued a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date of this dividend is Friday, April 30th. Texas Instruments’s payout ratio is currently 77.86%.
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.
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