Texas Instruments Incorporated (NASDAQ:TXN) Stock Position Increased by Florida Financial Advisors LLC

Florida Financial Advisors LLC raised its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 2.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,032 shares of the semiconductor company’s stock after acquiring an additional 121 shares during the quarter. Florida Financial Advisors LLC’s holdings in Texas Instruments were worth $944,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in TXN. Promus Capital LLC acquired a new position in Texas Instruments during the fourth quarter valued at $25,000. Financial Life Planners purchased a new stake in shares of Texas Instruments in the fourth quarter worth approximately $26,000. Retirement Wealth Solutions LLC acquired a new stake in shares of Texas Instruments during the fourth quarter worth approximately $27,000. Kohmann Bosshard Financial Services LLC purchased a new position in Texas Instruments during the fourth quarter valued at approximately $28,000. Finally, Atala Financial Inc acquired a new position in Texas Instruments in the 4th quarter valued at approximately $37,000. Institutional investors and hedge funds own 84.99% of the company’s stock.

Texas Instruments Stock Up 3.6 %

Shares of NASDAQ:TXN opened at $185.51 on Tuesday. Texas Instruments Incorporated has a 12 month low of $159.11 and a 12 month high of $220.39. The firm has a market cap of $168.80 billion, a P/E ratio of 35.74, a P/E/G ratio of 3.30 and a beta of 0.98. 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 company’s 50-day moving average price is $187.36 and its two-hundred day moving average price is $195.16.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Thursday, January 23rd. The semiconductor company reported $1.30 EPS for the quarter, beating analysts’ consensus estimates 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 period last year, the business 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 firm also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st were given a dividend of $1.36 per share. The ex-dividend date was Friday, January 31st. This represents a $5.44 dividend on an annualized basis and a yield of 2.93%. Texas Instruments’s payout ratio is presently 104.82%.

Insider Buying and Selling

In related news, Director Janet F. Clark sold 6,065 shares of Texas Instruments stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $203.62, for a total transaction of $1,234,955.30. Following the transaction, the director now owns 10,816 shares of the company’s stock, valued at $2,202,353.92. This trade represents a 35.93 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Richard K. Templeton sold 97,000 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $202.72, for a total transaction of $19,663,840.00. Following the completion of the sale, the chairman now directly owns 409,089 shares of the company’s stock, valued at $82,930,522.08. The trade was a 19.17 % decrease in their position. 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 over the last ninety days. Insiders own 0.57% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on TXN shares. Wells Fargo & Company dropped their target price on Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. Rosenblatt Securities restated a “buy” rating and set a $250.00 price target on shares of Texas Instruments in a report on Tuesday, January 21st. Benchmark reissued a “buy” rating and set a $230.00 price objective on shares of Texas Instruments in a report on Friday, January 24th. Cantor Fitzgerald reissued a “neutral” rating and set a $200.00 target price on shares of Texas Instruments in a research report on Friday, January 24th. Finally, Truist Financial cut their price objective on Texas Instruments from $199.00 to $195.00 and set a “hold” rating for the company in a research report on Friday, January 24th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, Texas Instruments has an average rating of “Hold” and an average target price of $209.20.

About Texas Instruments

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.