JPL Wealth Management LLC Makes New $1.82 Million Investment in Texas Instruments Incorporated (NASDAQ:TXN)

JPL Wealth Management LLC purchased a new stake in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 10,656 shares of the semiconductor company's stock, valued at approximately $1,816,000. Texas Instruments accounts for about 1.3% of JPL Wealth Management LLC's holdings, making the stock its 24th biggest holding.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. WealthPlan Investment Management LLC increased its stake in Texas Instruments by 107.6% in the 3rd quarter. WealthPlan Investment Management LLC now owns 41,279 shares of the semiconductor company's stock worth $6,564,000 after buying an additional 21,393 shares in the last quarter. Private Advisor Group LLC grew its position in shares of Texas Instruments by 16.8% during the third quarter. Private Advisor Group LLC now owns 71,612 shares of the semiconductor company's stock valued at $11,387,000 after purchasing an additional 10,302 shares in the last quarter. Larson Financial Group LLC grew its position in shares of Texas Instruments by 1,903.1% during the third quarter. Larson Financial Group LLC now owns 1,923 shares of the semiconductor company's stock valued at $306,000 after purchasing an additional 1,827 shares in the last quarter. MGO One Seven LLC grew its position in shares of Texas Instruments by 8.0% during the third quarter. MGO One Seven LLC now owns 10,237 shares of the semiconductor company's stock valued at $1,628,000 after purchasing an additional 761 shares in the last quarter. Finally, Column Capital Advisors LLC grew its position in shares of Texas Instruments by 15.6% during the third quarter. Column Capital Advisors LLC now owns 946 shares of the semiconductor company's stock valued at $150,000 after purchasing an additional 128 shares in the last quarter. 84.99% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Morgan Stanley lifted their price target on Texas Instruments from $138.00 to $146.00 and gave the stock an "underweight" rating in a research report on Wednesday, January 24th. Citigroup lifted their price target on Texas Instruments from $167.00 to $185.00 and gave the stock a "neutral" rating in a research report on Monday, May 13th. The Goldman Sachs Group lifted their price target on Texas Instruments from $137.00 to $157.00 and gave the stock a "sell" rating in a research report on Wednesday, April 24th. Robert W. Baird lifted their price target on Texas Instruments from $125.00 to $175.00 and gave the stock a "neutral" rating in a research report on Thursday, April 25th. Finally, Barclays lifted their price target on Texas Instruments from $150.00 to $190.00 and gave the stock an "equal weight" rating in a research report on Monday. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, Texas Instruments has a consensus rating of "Hold" and a consensus target price of $182.48.

Insider Transactions at Texas Instruments

In other news, Chairman Richard K. Templeton sold 100,440 shares of the stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $178.47, for a total transaction of $17,925,526.80. Following the sale, the chairman now directly owns 403,851 shares of the company's stock, valued at approximately $72,075,287.97. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, Chairman Richard K. Templeton sold 100,440 shares of the firm's stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $178.47, for a total value of $17,925,526.80. Following the transaction, the chairman now directly owns 403,851 shares of the company's stock, valued at approximately $72,075,287.97. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Pamela H. Patsley sold 9,990 shares of the firm's stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $179.12, for a total transaction of $1,789,408.80. Following the completion of the transaction, the director now directly owns 33,348 shares in the company, valued at $5,973,293.76. The disclosure for this sale can be found here. Insiders have sold a total of 328,969 shares of company stock valued at $58,427,984 in the last ninety days. 0.68% of the stock is currently owned by corporate insiders.

Texas Instruments Stock Performance

Shares of TXN traded up $3.53 during trading hours on Wednesday, reaching $202.54. 9,115,435 shares of the company traded hands, compared to its average volume of 5,644,206. The stock has a market capitalization of $184.41 billion, a P/E ratio of 31.60, a P/E/G ratio of 4.28 and a beta of 1.01. The company has a quick ratio of 3.76, a current ratio of 4.91 and a debt-to-equity ratio of 0.76. Texas Instruments Incorporated has a 12-month low of $139.48 and a 12-month high of $203.62. The business has a fifty day moving average price of $175.50 and a 200-day moving average price of $166.91.

Texas Instruments (NASDAQ:TXN - Get Free Report) last posted its earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.07 by $0.13. The company had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.61 billion. Texas Instruments had a net margin of 35.16% and a return on equity of 35.28%. The firm's quarterly revenue was down 16.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.85 earnings per share. Equities analysts anticipate that Texas Instruments Incorporated will post 5.17 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 21st. Stockholders of record on Wednesday, May 8th were paid a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 2.57%. The ex-dividend date of this dividend was Tuesday, May 7th. Texas Instruments's payout ratio is currently 81.12%.

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.