Atalanta Sosnoff Capital LLC Acquires 147 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Atalanta Sosnoff Capital LLC increased its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 4.2% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 3,653 shares of the semiconductor company’s stock after buying an additional 147 shares during the quarter. Atalanta Sosnoff Capital LLC’s holdings in Texas Instruments were worth $685,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in TXN. Promus Capital LLC bought a new position in shares of Texas Instruments during the 4th quarter worth $25,000. Financial Life Planners purchased a new stake in Texas Instruments during the fourth quarter valued at about $26,000. Retirement Wealth Solutions LLC bought a new position in Texas Instruments during the fourth quarter worth about $27,000. Summit Securities Group LLC purchased a new position in shares of Texas Instruments in the fourth quarter worth about $27,000. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in shares of Texas Instruments in the fourth quarter valued at approximately $28,000. Institutional investors own 84.99% of the company’s stock.

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, Director Mark A. Blinn sold 590 shares of the firm’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $180.71, for a total value of $106,618.90. Following the sale, the director now owns 11,717 shares of the company’s stock, valued at $2,117,379.07. This trade represents a 4.79 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Richard K. Templeton sold 97,000 shares of the company’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $202.72, for a total transaction of $19,663,840.00. Following the transaction, the chairman now directly owns 409,089 shares of the company’s stock, valued at approximately $82,930,522.08. This trade represents a 19.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 297,655 shares of company stock worth $59,841,304 over the last three months. Company insiders own 0.57% of the company’s stock.

Analysts Set New Price Targets

TXN has been the subject of several analyst reports. Wells Fargo & Company reduced their price objective on shares of Texas Instruments from $200.00 to $175.00 and set an “equal weight” rating for the company in a research note on Thursday, April 24th. Mizuho set a $170.00 price target on Texas Instruments in a research report on Thursday, April 24th. KeyCorp dropped their price objective on Texas Instruments from $250.00 to $215.00 and set an “overweight” rating on the stock in a report on Thursday, April 24th. TD Securities reaffirmed a “hold” rating and set a $160.00 target price on shares of Texas Instruments in a report on Thursday, April 24th. Finally, Robert W. Baird raised shares of Texas Instruments from a “neutral” rating to an “outperform” rating and set a $175.00 price target on the stock in a report on Monday, April 7th. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $189.41.

Texas Instruments Stock Performance

Shares of NASDAQ TXN opened at $164.51 on Friday. The stock’s 50-day moving average is $170.27 and its 200 day moving average is $186.33. The stock has a market cap of $149.69 billion, a price-to-earnings ratio of 31.70, a P/E/G ratio of 3.30 and a beta of 0.99. Texas Instruments Incorporated has a 1-year low of $139.95 and a 1-year high of $220.39. 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 (NASDAQ:TXN) last posted its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 EPS for the quarter, topping the consensus estimate of $1.06 by $0.22. The firm had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $3.91 billion. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. The business’s revenue was up 11.1% compared to the same quarter last year. During the same period last year, the firm posted $1.10 earnings per share. On average, sell-side analysts anticipate that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 13th. Shareholders of record on Wednesday, April 30th will be paid a $1.36 dividend. This represents a $5.44 annualized dividend and a yield of 3.31%. The ex-dividend date is Wednesday, April 30th. Texas Instruments’s dividend payout ratio is presently 103.23%.

Texas Instruments Company 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.