Mengis Capital Management Inc. Purchases 230 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Mengis Capital Management Inc. increased its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 22.5% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,253 shares of the semiconductor company’s stock after buying an additional 230 shares during the quarter. Mengis Capital Management Inc.’s holdings in Texas Instruments were worth $235,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of TXN. MidAtlantic Capital Management Inc. bought a new stake in Texas Instruments in the 3rd quarter valued at $28,000. Financial Life Planners bought a new stake in Texas Instruments in the 4th quarter valued at $26,000. Retirement Wealth Solutions LLC bought a new stake in Texas Instruments in the 4th quarter valued at $27,000. Capital Performance Advisors LLP bought a new stake in Texas Instruments in the 3rd quarter valued at $39,000. Finally, FSA Wealth Management LLC bought a new stake in Texas Instruments in the 3rd quarter valued at $41,000. 84.99% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on TXN. Barclays reduced their price target on shares of Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating for the company in a report on Friday, January 24th. Rosenblatt Securities reissued a “buy” rating and issued a $250.00 price target on shares of Texas Instruments in a report on Tuesday, January 21st. Mizuho dropped their price objective on shares of Texas Instruments from $200.00 to $190.00 and set a “neutral” rating for the company in a research note on Friday, January 24th. Wells Fargo & Company dropped their price objective on shares of Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. Finally, Benchmark restated a “buy” rating and issued a $230.00 price objective on shares of Texas Instruments in a research note on Friday, January 24th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $209.20.

Texas Instruments Stock Down 0.6 %

Shares of NASDAQ:TXN opened at $200.74 on Tuesday. Texas Instruments Incorporated has a 12 month low of $159.11 and a 12 month high of $220.38. The company’s 50-day moving average price is $188.67 and its two-hundred day moving average price is $197.64. The company has a quick ratio of 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76. The firm has a market cap of $182.74 billion, a P/E ratio of 38.68, a P/E/G ratio of 3.30 and a beta of 0.97.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data on Thursday, January 23rd. The semiconductor company reported $1.30 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.10. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. During the same quarter last year, the company posted $1.49 EPS. As a group, research analysts forecast that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st were issued a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date was Friday, January 31st. Texas Instruments’s dividend payout ratio is currently 104.82%.

Insiders Place Their Bets

In other news, Director Mark A. Blinn sold 590 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $180.71, for a total value of $106,618.90. Following the transaction, the director now owns 11,717 shares of the company’s stock, valued at approximately $2,117,379.07. This trade represents a 4.79 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.68% of the company’s stock.

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.