WealthPlan Investment Management LLC lifted its holdings in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 151.5% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 50,015 shares of the semiconductor company's stock after purchasing an additional 30,129 shares during the period. WealthPlan Investment Management LLC's holdings in Texas Instruments were worth $7,953,000 at the end of the most recent reporting period.
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Several other institutional investors have also recently made changes to their positions in TXN. Annapolis Financial Services LLC lifted its position in Texas Instruments by 333.3% in the third quarter. Annapolis Financial Services LLC now owns 156 shares of the semiconductor company's stock valued at $25,000 after buying an additional 120 shares during the last quarter. Briaud Financial Planning Inc acquired a new stake in shares of Texas Instruments during the third quarter worth $25,000. Riverview Trust Co lifted its position in Texas Instruments by 57.4% during the 3rd quarter. Riverview Trust Co now owns 181 shares of the semiconductor company's stock worth $29,000 after acquiring an additional 66 shares in the last quarter. Coppell Advisory Solutions Corp. acquired a new stake in shares of Texas Instruments during the 4th quarter worth approximately $30,000. Finally, AMH Equity Ltd acquired a new stake in shares of Texas Instruments during the third quarter worth $32,000. Institutional investors own 83.37% of the company's stock.
Texas Instruments Trading Up 0.7 %
Texas Instruments stock traded up $1.23 during midday trading on Wednesday, hitting $171.87. 6,312,716 shares of the stock were exchanged, compared to its average volume of 5,660,798. The stock's 50-day simple moving average is $165.19 and its 200 day simple moving average is $160.41. Texas Instruments Incorporated has a fifty-two week low of $139.48 and a fifty-two week high of $188.12. The company has a current ratio of 4.55, a quick ratio of 3.35 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $156.28 billion, a price-to-earnings ratio of 24.39, a PEG ratio of 3.70 and a beta of 1.04.
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Texas Instruments (NASDAQ:TXN - Get Free Report) last announced its quarterly earnings data on Monday, January 22nd. The semiconductor company reported $1.49 EPS for the quarter, beating analysts' consensus estimates of $1.46 by $0.03. The company had revenue of $4.08 billion during the quarter, compared to the consensus estimate of $4.12 billion. Texas Instruments had a return on equity of 39.96% and a net margin of 37.16%. The company's quarterly revenue was down 12.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.13 EPS. On average, equities analysts anticipate that Texas Instruments Incorporated will post 5.17 EPS for the current year.
Texas Instruments Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 13th. Shareholders of record on Wednesday, January 31st were issued a dividend of $1.30 per share. The ex-dividend date was Tuesday, January 30th. This represents a $5.20 annualized dividend and a yield of 3.03%. Texas Instruments's dividend payout ratio is presently 73.65%.
Insider Buying and Selling at Texas Instruments
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In other news, Director Mark A. Blinn sold 1,744 shares of Texas Instruments stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $159.85, for a total value of $278,778.40. Following the transaction, the director now owns 11,693 shares in the company, valued at approximately $1,869,126.05. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.54% of the company's stock.
Analysts Set New Price Targets
A number of analysts have recently commented on the company. UBS Group upgraded Texas Instruments from a "neutral" rating to a "buy" rating and boosted their price target for the company from $170.00 to $195.00 in a report on Friday, January 19th. Benchmark restated a "buy" rating and issued a $210.00 target price on shares of Texas Instruments in a research note on Wednesday, November 15th. Susquehanna cut their price objective 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. Barclays dropped their price target on shares of Texas Instruments from $160.00 to $150.00 and set an "equal weight" rating on the stock in a research note on Wednesday, January 24th. Finally, Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $170.00 price objective on shares of Texas Instruments in a research note on Monday. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $173.89.
View Our Latest Research Report on Texas Instruments
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.
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