6,158 Shares in Texas Instruments Incorporated (NASDAQ:TXN) Acquired by Topsail Wealth Management LLC

Topsail Wealth Management LLC bought a new position in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 6,158 shares of the semiconductor company's stock, valued at approximately $1,155,000.

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

Insiders Place Their Bets

In related 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 sale, the chairman now 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 document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Janet F. Clark sold 6,065 shares of Texas Instruments stock in a transaction on Monday, February 24th. The stock was sold at an average price of $203.62, for a total value of $1,234,955.30. Following the transaction, the director now directly owns 10,816 shares of the company's stock, valued at $2,202,353.92. This trade represents a 35.93 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 297,655 shares of company stock worth $59,841,304. 0.57% of the stock is owned by insiders.

Texas Instruments Trading Down 1.1 %

TXN stock traded down $1.76 during trading on Wednesday, reaching $157.65. 1,580,566 shares of the stock were exchanged, compared to its average volume of 6,181,387. The company has a current ratio of 4.12, a quick ratio of 2.88 and a debt-to-equity ratio of 0.76. The business has a 50 day moving average price of $172.66 and a 200-day moving average price of $187.11. The firm has a market capitalization of $143.45 billion, a price-to-earnings ratio of 30.38, 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.

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

Texas Instruments Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 13th. Investors of record on Wednesday, April 30th will be issued a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a dividend yield of 3.45%. The ex-dividend date of this dividend is Wednesday, April 30th. Texas Instruments's dividend payout ratio is presently 103.23%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. UBS Group lowered their target price on shares of Texas Instruments from $225.00 to $215.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Cantor Fitzgerald reduced their target price on Texas Instruments from $200.00 to $170.00 and set a "neutral" rating on the stock in a research report on Thursday, April 24th. Rosenblatt Securities reiterated a "buy" rating and issued a $216.00 target price on shares of Texas Instruments in a research note on Thursday, April 24th. Robert W. Baird raised shares of Texas Instruments from a "neutral" rating to an "outperform" rating and set a $175.00 price target for the company in a report on Monday, April 7th. Finally, Baird R W raised Texas Instruments from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 7th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average 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.