HighPoint Advisor Group LLC Makes New Investment in Texas Instruments Incorporated (NASDAQ:TXN)

HighPoint Advisor Group LLC acquired a new stake in Texas Instruments Incorporated (NASDAQ:TXNFree Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 27,524 shares of the semiconductor company’s stock, valued at approximately $4,702,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Tennessee Valley Asset Management Partners acquired a new stake in shares of Texas Instruments during the fourth quarter worth about $25,000. Life Planning Partners Inc purchased a new position in Texas Instruments during the 4th quarter worth $26,000. Richardson Financial Services Inc. acquired a new position in Texas Instruments in the fourth quarter valued at $26,000. Scarborough Advisors LLC purchased a new stake in shares of Texas Instruments in the fourth quarter valued at about $26,000. Finally, Pacific Capital Wealth Advisors Inc. purchased a new position in shares of Texas Instruments during the fourth quarter worth about $31,000. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Texas Instruments Price Performance

Shares of NASDAQ:TXN remained flat at $194.90 on Tuesday. 194,957 shares of the company’s stock were exchanged, compared to its average volume of 5,533,352. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.91 and a quick ratio of 3.76. Texas Instruments Incorporated has a 52 week low of $139.48 and a 52 week high of $206.00. The business has a fifty day simple moving average of $185.32 and a 200-day simple moving average of $173.05. The company has a market cap of $177.45 billion, a price-to-earnings ratio of 30.41, a price-to-earnings-growth ratio of 4.20 and a beta of 1.00.

Texas Instruments (NASDAQ:TXNGet Free Report) last issued its earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. Texas Instruments had a return on equity of 35.28% and a net margin of 35.16%. The company had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.61 billion. During the same period in the previous year, the firm posted $1.85 earnings per share. Texas Instruments’s quarterly revenue was down 16.4% compared to the same quarter last year. Analysts predict that Texas Instruments Incorporated will post 5.13 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 21st. Stockholders of record on Wednesday, May 8th were given a dividend of $1.30 per share. The ex-dividend date of this dividend was Tuesday, May 7th. This represents a $5.20 annualized dividend and a dividend yield of 2.67%. Texas Instruments’s dividend payout ratio is presently 81.12%.

Insider Buying and Selling

In other Texas Instruments news, Chairman Richard K. Templeton sold 104,000 shares of the business’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $178.68, for a total transaction of $18,582,720.00. Following the completion of the transaction, the chairman now owns 403,851 shares in the company, valued at approximately $72,160,096.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Chairman Richard K. Templeton sold 100,440 shares of Texas Instruments stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $178.47, for a total transaction of $17,925,526.80. Following the transaction, the chairman now directly owns 403,851 shares in the company, valued at approximately $72,075,287.97. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Chairman Richard K. Templeton sold 104,000 shares of the firm’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $178.68, for a total value of $18,582,720.00. Following the transaction, the chairman now directly owns 403,851 shares of the company’s stock, valued at approximately $72,160,096.68. The disclosure for this sale can be found here. Insiders sold 328,969 shares of company stock valued at $58,427,984 in the last three months. 0.68% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts have commented on the company. Citigroup increased their price objective on Texas Instruments from $167.00 to $185.00 and gave the stock a “neutral” rating in a research report on Monday, May 13th. Rosenblatt Securities reiterated a “buy” rating and issued a $210.00 price objective on shares of Texas Instruments in a research report on Wednesday, April 24th. Evercore ISI upped their price objective on shares of Texas Instruments from $213.00 to $225.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. Barclays boosted their price target on shares of Texas Instruments from $150.00 to $190.00 and gave the stock an “equal weight” rating in a research note on Monday, May 20th. Finally, Cantor Fitzgerald lifted their price target on Texas Instruments from $180.00 to $210.00 and gave the company a “neutral” rating in a research note on Wednesday, May 15th. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, Texas Instruments currently has an average rating of “Hold” and an average target price of $182.48.

Read Our Latest Stock Report on Texas Instruments

Texas Instruments 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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