Cary Street Partners Financial LLC Buys Shares of 84,612 Texas Instruments Incorporated (NASDAQ:TXN)

Cary Street Partners Financial LLC purchased a new position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 84,612 shares of the semiconductor company's stock, valued at approximately $15,866,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Promus Capital LLC bought a new stake in shares of Texas Instruments in the 4th quarter worth about $25,000. Financial Life Planners acquired a new position in Texas Instruments in the fourth quarter worth about $26,000. Retirement Wealth Solutions LLC bought a new stake in Texas Instruments in the fourth quarter valued at about $27,000. Summit Securities Group LLC acquired a new stake in Texas Instruments during the fourth quarter valued at approximately $27,000. Finally, Kohmann Bosshard Financial Services LLC bought a new position in Texas Instruments during the 4th quarter worth approximately $28,000. Institutional investors own 84.99% of the company's stock.

Analysts Set New Price Targets

Several research firms recently issued reports on TXN. Barclays lowered Texas Instruments from an "equal weight" rating to an "underweight" rating and dropped their price target for the company from $180.00 to $125.00 in a research report on Tuesday, April 22nd. Summit Insights downgraded shares of Texas Instruments from a "buy" rating to a "hold" rating in a research report on Thursday, April 24th. Benchmark decreased their price target on shares of Texas Instruments from $230.00 to $200.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Seaport Res Ptn upgraded shares of Texas Instruments to a "strong sell" rating in a research note on Wednesday, April 30th. Finally, Wells Fargo & Company decreased their target price on 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. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $189.41.

Insider Transactions at Texas Instruments

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

Texas Instruments Stock Up 3.9 %

TXN opened at $164.51 on Monday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.88 and a current ratio of 4.12. The company has a market capitalization of $149.45 billion, a PE ratio of 31.70, a P/E/G ratio of 3.30 and a beta of 0.97. The stock's fifty day moving average is $170.27 and its 200-day moving average is $186.15. Texas Instruments Incorporated has a one year low of $139.95 and a one year high of $220.39.

Texas Instruments (NASDAQ:TXN - Get Free Report) last issued 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. 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 analysts' expectations of $3.91 billion. During the same period in the previous year, the business earned $1.10 earnings per share. Texas Instruments's revenue for the quarter was up 11.1% compared to the same quarter last year. On average, equities analysts predict 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 will be paid on Tuesday, May 13th. Stockholders of record on Wednesday, April 30th will be given a dividend of $1.36 per share. The ex-dividend date is Wednesday, April 30th. This represents a $5.44 dividend on an annualized basis and a dividend yield of 3.31%. Texas Instruments's dividend payout ratio (DPR) is presently 103.23%.

Texas Instruments 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.

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