Colonial River Wealth Management LLC Buys 1,577 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Colonial River Wealth Management LLC boosted its stake in shares of Texas Instruments Incorporated (NASDAQ:TXNFree Report) by 49.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,763 shares of the semiconductor company’s stock after acquiring an additional 1,577 shares during the period. Colonial River Wealth Management LLC’s holdings in Texas Instruments were worth $812,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Fairfield Bush & CO. bought a new stake in Texas Instruments during the first quarter worth $56,000. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Texas Instruments by 32.4% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 996,880 shares of the semiconductor company’s stock worth $182,908,000 after buying an additional 243,907 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its stake in Texas Instruments by 7.4% in the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 6,023 shares of the semiconductor company’s stock valued at $1,105,000 after buying an additional 413 shares in the last quarter. Wsfs Capital Management LLC bought a new position in Texas Instruments in the first quarter valued at about $337,000. Finally, Bridgefront Capital LLC acquired a new position in Texas Instruments during the first quarter worth about $315,000. 84.99% of the stock is owned by institutional investors and hedge funds.

Texas Instruments Stock Down 1.6 %

Shares of NASDAQ:TXN traded down $2.81 during trading on Tuesday, reaching $170.36. 3,302,148 shares of the stock were exchanged, compared to its average volume of 5,602,644. Texas Instruments Incorporated has a 1-year low of $139.48 and a 1-year high of $188.12. The stock has a fifty day moving average of $166.75 and a two-hundred day moving average of $161.02. The company has a debt-to-equity ratio of 0.63, a current ratio of 4.55 and a quick ratio of 3.35. The firm has a market cap of $155.04 billion, a price-to-earnings ratio of 24.13, a price-to-earnings-growth ratio of 3.75 and a beta of 1.04.

Texas Instruments (NASDAQ:TXNGet Free Report) last posted its earnings results on Monday, January 22nd. The semiconductor company reported $1.49 EPS for the quarter, topping the consensus estimate of $1.46 by $0.03. Texas Instruments had a net margin of 37.16% and a return on equity of 39.96%. The company had revenue of $4.08 billion during the quarter, compared to the consensus estimate of $4.12 billion. During the same period in the previous year, the firm posted $2.13 earnings per share. The firm’s revenue for the quarter was down 12.7% on a year-over-year basis. Research analysts anticipate that Texas Instruments Incorporated will post 5.16 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 13th. Stockholders of record on Wednesday, January 31st were paid a $1.30 dividend. The ex-dividend date was Tuesday, January 30th. This represents a $5.20 annualized dividend and a dividend yield of 3.05%. Texas Instruments’s payout ratio is 73.65%.

Insider Activity

In other Texas Instruments news, Director Mark A. Blinn sold 1,744 shares of the stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $159.85, for a total value of $278,778.40. Following the completion of the sale, the director now owns 11,693 shares in the company, valued at approximately $1,869,126.05. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.68% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on TXN shares. Mizuho lowered their price target on shares of Texas Instruments from $170.00 to $164.00 and set a “neutral” rating for the company in a report on Wednesday, January 24th. Barclays dropped their target price on Texas Instruments from $160.00 to $150.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 24th. TD Cowen boosted their price target on Texas Instruments from $145.00 to $160.00 and gave the stock a “market perform” rating in a report on Wednesday, January 24th. Cantor Fitzgerald reiterated a “neutral” rating and set a $170.00 target price on shares of Texas Instruments in a research report on Monday, March 4th. Finally, Susquehanna reduced their target price on shares of Texas Instruments from $205.00 to $200.00 and set a “positive” rating on the stock in a report on Wednesday, January 24th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $173.89.

Check Out Our Latest Stock Report on TXN

Texas Instruments Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Texas Instruments (NASDAQ:TXN)

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