Guardian Partners Inc. Takes $7.97 Million Position in Texas Instruments Incorporated (NASDAQ:TXN)

Guardian Partners Inc. bought a new stake in Texas Instruments Incorporated (NASDAQ:TXN) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 41,600 shares of the semiconductor company’s stock, valued at approximately $7,973,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Cahill Financial Advisors Inc. grew its position in shares of Texas Instruments by 3.5% in the third quarter. Cahill Financial Advisors Inc. now owns 1,443 shares of the semiconductor company’s stock valued at $298,000 after purchasing an additional 49 shares during the last quarter. HF Advisory Group LLC grew its position in Texas Instruments by 0.6% during the fourth quarter. HF Advisory Group LLC now owns 8,544 shares of the semiconductor company’s stock worth $1,602,000 after buying an additional 52 shares in the last quarter. Blossom Wealth Management grew its position in Texas Instruments by 5.1% during the fourth quarter. Blossom Wealth Management now owns 1,137 shares of the semiconductor company’s stock worth $213,000 after buying an additional 55 shares in the last quarter. OLD Second National Bank of Aurora grew its position in Texas Instruments by 11.1% during the fourth quarter. OLD Second National Bank of Aurora now owns 572 shares of the semiconductor company’s stock worth $107,000 after buying an additional 57 shares in the last quarter. Finally, Avitas Wealth Management LLC grew its position in Texas Instruments by 0.5% during the fourth quarter. Avitas Wealth Management LLC now owns 10,835 shares of the semiconductor company’s stock worth $2,032,000 after buying an additional 59 shares in the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.

Texas Instruments Stock Down 0.9 %

Shares of TXN opened at $179.00 on Friday. Texas Instruments Incorporated has a 52 week low of $159.11 and a 52 week high of $220.39. The stock has a market capitalization of $162.88 billion, a price-to-earnings ratio of 34.49, a PEG ratio of 3.30 and a beta of 0.97. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.88 and a current ratio of 4.12. The stock has a fifty day moving average of $187.47 and a 200-day moving average of $195.33.

Texas Instruments (NASDAQ:TXN) last announced its earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.10. Texas Instruments had a return on equity of 28.08% and a net margin of 30.68%. During the same quarter last year, the company posted $1.49 earnings per share. As a group, sell-side analysts anticipate that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Friday, January 31st were given a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a yield of 3.04%. The ex-dividend date of this dividend was Friday, January 31st. Texas Instruments’s dividend payout ratio is currently 104.82%.

Insider Buying and Selling

In related news, Chairman Richard K. Templeton sold 97,000 shares of the firm’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $202.72, for a total transaction of $19,663,840.00. Following the completion of the transaction, the chairman now directly owns 409,089 shares of the company’s stock, valued at $82,930,522.08. This trade represents a 19.17 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mark A. Blinn sold 590 shares of the stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $180.71, for a total value of $106,618.90. Following the sale, the director now owns 11,717 shares of the company’s stock, valued at approximately $2,117,379.07. The trade was a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 297,655 shares of company stock valued at $59,841,304 in the last three months. Insiders own 0.57% of the company’s stock.

Wall Street Analyst Weigh In

TXN has been the topic of a number of analyst reports. Rosenblatt Securities reissued a “buy” rating and set a $250.00 price target on shares of Texas Instruments in a research report on Tuesday, January 21st. Benchmark reissued a “buy” rating and set a $230.00 price target on shares of Texas Instruments in a research report on Friday, January 24th. Mizuho reduced their price target on Texas Instruments from $200.00 to $190.00 and set a “neutral” rating on the stock in a research report on Friday, January 24th. Barclays cut their target price on Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating for the company in a research note on Friday, January 24th. Finally, Truist Financial cut their target price on Texas Instruments from $199.00 to $195.00 and set a “hold” rating for the company 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 company’s stock. Based on data from MarketBeat, Texas Instruments currently has a consensus rating of “Hold” and an average price target of $209.20.

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.