Paces Ferry Wealth Advisors LLC Acquires New Shares in Texas Instruments Incorporated (NASDAQ:TXN)

Paces Ferry Wealth Advisors LLC bought a new stake in Texas Instruments Incorporated (NASDAQ:TXN) during the fourth quarter, Holdings Channel reports. The institutional investor bought 1,228 shares of the semiconductor company’s stock, valued at approximately $209,000.

Other hedge funds also recently bought and sold shares of the company. Annapolis Financial Services LLC raised its holdings in shares of Texas Instruments by 333.3% during the 3rd quarter. Annapolis Financial Services LLC now owns 156 shares of the semiconductor company’s stock valued at $25,000 after purchasing an additional 120 shares in the last quarter. Briaud Financial Planning Inc acquired a new position in shares of Texas Instruments during the 3rd quarter worth about $25,000. Tennessee Valley Asset Management Partners bought a new stake in shares of Texas Instruments in the fourth quarter valued at approximately $25,000. Life Planning Partners Inc acquired a new stake in Texas Instruments in the 4th quarter worth $26,000. Finally, AMH Equity Ltd bought a new position in shares of Texas Instruments during the 3rd quarter worth about $32,000. 84.99% of the stock is owned by institutional investors and hedge funds.

Texas Instruments Price Performance

TXN stock traded down $2.87 during midday trading on Tuesday, reaching $176.42. 6,443,366 shares of the company’s stock traded hands, compared to its average volume of 5,698,071. The company has a quick ratio of 3.76, a current ratio of 4.91 and a debt-to-equity ratio of 0.76. The company has a market cap of $160.63 billion, a price-to-earnings ratio of 27.52, a PEG ratio of 3.78 and a beta of 1.04. The company has a 50-day simple moving average of $169.94 and a two-hundred day simple moving average of $162.63. Texas Instruments Incorporated has a 1-year low of $139.48 and a 1-year high of $188.12.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data on Tuesday, April 23rd. The semiconductor company reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.13. Texas Instruments had a net margin of 35.16% and a return on equity of 35.28%. The firm had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.61 billion. During the same quarter in the prior year, the firm earned $1.85 EPS. The company’s revenue was down 16.4% on a year-over-year basis. On average, analysts anticipate that Texas Instruments Incorporated will post 5.21 earnings per share for the current year.

Texas Instruments Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 21st. Stockholders of record on Wednesday, May 8th will be paid a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 2.95%. The ex-dividend date of this dividend is Tuesday, May 7th. Texas Instruments’s dividend payout ratio (DPR) is presently 81.12%.

Insider Transactions at Texas Instruments

In other news, Director Mark A. Blinn sold 1,744 shares of the company’s stock in a transaction dated Wednesday, January 31st. The stock was 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 directly owns 11,693 shares of the company’s stock, valued at approximately $1,869,126.05. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.68% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on TXN shares. JPMorgan Chase & Co. lifted their target price on Texas Instruments from $180.00 to $195.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 24th. Stifel Nicolaus upped their target price on Texas Instruments from $160.00 to $172.00 and gave the company a “hold” rating in a research note on Wednesday, April 24th. Oppenheimer reaffirmed a “market perform” rating on shares of Texas Instruments in a research report on Wednesday, April 24th. Cantor Fitzgerald reissued a “neutral” rating and issued a $180.00 price target on shares of Texas Instruments in a report on Wednesday, April 24th. Finally, Robert W. Baird raised their price objective on shares of Texas Instruments from $125.00 to $175.00 and gave the stock a “neutral” rating in a report on Thursday, April 25th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $180.74.

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.