Northeast Financial Consultants Inc Raises Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Northeast Financial Consultants Inc raised its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 2.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 12,108 shares of the semiconductor company’s stock after purchasing an additional 234 shares during the quarter. Northeast Financial Consultants Inc’s holdings in Texas Instruments were worth $2,270,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Aprio Wealth Management LLC lifted its holdings in shares of Texas Instruments by 5.6% during the 4th quarter. Aprio Wealth Management LLC now owns 1,919 shares of the semiconductor company’s stock valued at $360,000 after buying an additional 102 shares during the period. Capital Investment Advisors LLC lifted its holdings in Texas Instruments by 0.9% in the fourth quarter. Capital Investment Advisors LLC now owns 12,313 shares of the semiconductor company’s stock valued at $2,309,000 after acquiring an additional 112 shares during the period. Moody National Bank Trust Division lifted its holdings in Texas Instruments by 1.5% in the fourth quarter. Moody National Bank Trust Division now owns 8,125 shares of the semiconductor company’s stock valued at $1,524,000 after acquiring an additional 117 shares during the period. Cooper Financial Group boosted its position in Texas Instruments by 15.0% in the fourth quarter. Cooper Financial Group now owns 1,496 shares of the semiconductor company’s stock worth $281,000 after purchasing an additional 195 shares during the last quarter. Finally, Eastern Bank grew its stake in shares of Texas Instruments by 6.2% during the 4th quarter. Eastern Bank now owns 3,714 shares of the semiconductor company’s stock valued at $696,000 after purchasing an additional 218 shares during the period. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Texas Instruments Trading Up 0.5%

TXN stock opened at $188.20 on Wednesday. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.12 and a quick ratio of 2.88. Texas Instruments Incorporated has a 1-year low of $139.95 and a 1-year high of $220.39. The business has a 50 day simple moving average of $167.11 and a two-hundred day simple moving average of $184.84. The company has a market capitalization of $170.97 billion, a price-to-earnings ratio of 36.26, a PEG ratio of 3.30 and a beta of 0.97.

Texas Instruments (NASDAQ:TXN) last released its 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. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. The firm had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $3.91 billion. During the same quarter in the previous year, the firm earned $1.10 earnings per share. The company’s quarterly revenue was up 11.1% compared to the same quarter last year. Research analysts anticipate that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Wednesday, April 30th were issued a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a dividend yield of 2.89%. The ex-dividend date of this dividend was Wednesday, April 30th. Texas Instruments’s dividend payout ratio (DPR) is presently 103.23%.

Insider Activity

In related news, Director Janet F. Clark sold 6,065 shares of Texas Instruments stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $203.62, for a total transaction of $1,234,955.30. Following the completion of the sale, the director now owns 10,816 shares in the company, valued at $2,202,353.92. This trade represents a 35.93% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman Richard K. Templeton sold 97,000 shares of the business’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 completion of the sale, 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 297,065 shares of company stock worth $59,734,685 over the last 90 days. Corporate insiders own 0.57% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. UBS Group lowered their price objective on shares of Texas Instruments from $225.00 to $215.00 and set a “buy” rating on the stock in a research note on Thursday, April 24th. KeyCorp cut their target price on shares of Texas Instruments from $250.00 to $215.00 and set an “overweight” rating for the company in a research report on Thursday, April 24th. Baird R W upgraded shares of Texas Instruments from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 7th. Wells Fargo & Company dropped their price target on shares of Texas Instruments from $200.00 to $175.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 24th. Finally, Stifel Nicolaus reduced their price objective on Texas Instruments from $200.00 to $160.00 and set a “hold” rating for the company in a research note on Thursday, April 17th. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $189.41.

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.