Park Avenue Securities LLC Buys 1,310 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Park Avenue Securities LLC raised its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 11.7% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 12,507 shares of the semiconductor company’s stock after acquiring an additional 1,310 shares during the period. Park Avenue Securities LLC’s holdings in Texas Instruments were worth $2,345,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in TXN. MidAtlantic Capital Management Inc. bought a new stake in Texas Instruments in the third quarter valued at approximately $28,000. Tsfg LLC lifted its position in shares of Texas Instruments by 82.0% in the 3rd quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock worth $38,000 after purchasing an additional 82 shares during the period. Capital Performance Advisors LLP bought a new stake in shares of Texas Instruments in the 3rd quarter valued at $39,000. FSA Wealth Management LLC acquired a new stake in shares of Texas Instruments during the third quarter worth $41,000. Finally, McClarren Financial Advisors Inc. bought a new position in Texas Instruments during the third quarter worth $43,000. Institutional investors and hedge funds own 84.99% of the company’s stock.

Texas Instruments Stock Performance

Shares of TXN opened at $192.42 on Friday. The firm has a market capitalization of $175.53 billion, a P/E ratio of 35.77, a P/E/G ratio of 3.69 and a beta of 0.98. Texas Instruments Incorporated has a 52 week low of $155.46 and a 52 week high of $220.38. The stock has a 50 day moving average price of $195.35 and a two-hundred day moving average price of $199.65. The company has a debt-to-equity ratio of 0.74, a quick ratio of 3.14 and a current ratio of 4.31.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.09. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. The business had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.12 billion. During the same quarter in the prior year, the company posted $1.80 earnings per share. Texas Instruments’s revenue was down 8.4% compared to the same quarter last year. Equities analysts forecast that Texas Instruments Incorporated will post 5.08 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 11th. Investors of record on Friday, January 31st will be given a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date is Friday, January 31st. Texas Instruments’s payout ratio is currently 101.12%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on TXN shares. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $200.00 price target on shares of Texas Instruments in a research report on Wednesday, October 23rd. Robert W. Baird cut their target price on Texas Instruments from $200.00 to $175.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 23rd. Morgan Stanley lifted their target price on Texas Instruments from $154.00 to $167.00 and gave the stock an “underweight” rating in a report on Wednesday, October 23rd. Susquehanna cut their price target on Texas Instruments from $250.00 to $240.00 and set a “positive” rating on the stock in a report on Monday, October 21st. Finally, Bank of America lowered their price objective on shares of Texas Instruments from $220.00 to $215.00 and set a “neutral” rating for the company in a research note on Wednesday, October 23rd. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $209.71.

Insider Buying and Selling

In related news, Director Ronald Kirk sold 10,539 shares of Texas Instruments stock in a transaction on Monday, November 25th. The stock was sold at an average price of $203.33, for a total transaction of $2,142,894.87. Following the sale, the director now directly owns 14,323 shares in the company, valued at approximately $2,912,295.59. This trade represents a 42.39 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Robert E. Sanchez sold 9,990 shares of the company’s stock in a transaction on Friday, October 25th. The shares were sold at an average price of $208.80, for a total value of $2,085,912.00. Following the completion of the transaction, the director now owns 20,461 shares of the company’s stock, valued at $4,272,256.80. This trade represents a 32.81 % decrease in their position. The disclosure for this sale can be found here. 0.68% of the stock is owned by corporate insiders.

Texas Instruments Company 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.