Aptus Capital Advisors LLC Has $2.61 Million Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Aptus Capital Advisors LLC increased its position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 81.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,926 shares of the semiconductor company's stock after buying an additional 6,245 shares during the period. Aptus Capital Advisors LLC's holdings in Texas Instruments were worth $2,611,000 as of its most recent filing with the Securities and Exchange Commission.

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

Insiders Place Their Bets

In other news, Chairman Richard K. Templeton sold 97,000 shares of the business's stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $197.69, for a total value of $19,175,930.00. Following the transaction, the chairman now owns 409,089 shares in the company, valued at approximately $80,872,804.41. The trade was a 19.17 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Janet F. Clark sold 6,065 shares of the company's stock in a transaction on 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 directly owns 10,816 shares in the company, valued at approximately $2,202,353.92. This represents a 35.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 297,065 shares of company stock valued at $59,734,685. 0.57% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms have commented on TXN. Barclays downgraded shares of Texas Instruments from an "equal weight" rating to an "underweight" rating and decreased their price objective for the company from $180.00 to $125.00 in a report on Tuesday, April 22nd. Morgan Stanley reiterated an "underweight" rating and issued a $148.00 price target (up previously from $146.00) on shares of Texas Instruments in a research note on Thursday, April 24th. Robert W. Baird upgraded shares of Texas Instruments from a "neutral" rating to an "outperform" rating and set a $175.00 price objective for the company in a research report on Monday, April 7th. Wells Fargo & Company decreased their target price on Texas Instruments from $200.00 to $175.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 24th. Finally, Seaport Res Ptn raised Texas Instruments to a "strong sell" rating in a report on Wednesday, April 30th. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $189.41.

Texas Instruments Price Performance

Shares of TXN opened at $162.42 on Tuesday. The business has a 50-day simple moving average of $169.55 and a two-hundred day simple moving average of $185.90. Texas Instruments Incorporated has a 12-month low of $139.95 and a 12-month high of $220.39. The stock has a market cap of $147.55 billion, a PE ratio of 31.29, a PEG ratio of 3.30 and a beta of 0.97. The company has a quick ratio of 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76.

Texas Instruments (NASDAQ:TXN - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.06 by $0.22. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. The business had revenue of $4.07 billion during the quarter, compared to analyst estimates of $3.91 billion. During the same quarter last year, the business earned $1.10 EPS. The firm's quarterly revenue was up 11.1% on a year-over-year basis. Analysts anticipate that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 13th. Investors of record on Wednesday, April 30th will be given a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a yield of 3.35%. The ex-dividend date of this dividend is Wednesday, April 30th. Texas Instruments's dividend payout ratio is currently 103.23%.

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.

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