Laurel Wealth Advisors LLC Grows Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Laurel Wealth Advisors LLC boosted its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 16.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,810 shares of the semiconductor company’s stock after purchasing an additional 250 shares during the quarter. Laurel Wealth Advisors LLC’s holdings in Texas Instruments were worth $339,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. State Street Corp boosted its position in shares of Texas Instruments by 0.9% during the 3rd quarter. State Street Corp now owns 41,679,234 shares of the semiconductor company’s stock worth $8,609,679,000 after acquiring an additional 391,306 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Texas Instruments by 2.3% in the third quarter. Geode Capital Management LLC now owns 21,286,790 shares of the semiconductor company’s stock valued at $4,382,936,000 after purchasing an additional 487,892 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Texas Instruments by 4.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 19,250,433 shares of the semiconductor company’s stock valued at $3,976,562,000 after purchasing an additional 782,053 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in Texas Instruments by 0.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 8,060,213 shares of the semiconductor company’s stock valued at $1,664,998,000 after purchasing an additional 36,441 shares during the last quarter. Finally, Legal & General Group Plc raised its holdings in Texas Instruments by 0.8% during the second quarter. Legal & General Group Plc now owns 7,831,270 shares of the semiconductor company’s stock worth $1,523,415,000 after purchasing an additional 64,067 shares in the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.

Insider Activity

In other news, Director Ronald Kirk sold 10,539 shares of Texas Instruments stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $203.33, for a total transaction of $2,142,894.87. Following the sale, the director now owns 14,323 shares in the company, valued at $2,912,295.59. This trade represents a 42.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Robert E. Sanchez sold 9,990 shares of the business’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $208.80, for a total transaction of $2,085,912.00. Following the transaction, the director now directly owns 20,461 shares in the company, valued at approximately $4,272,256.80. The trade was a 32.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.68% of the company’s stock.

Texas Instruments Stock Performance

Shares of TXN stock opened at $193.50 on Wednesday. The firm has a market capitalization of $176.51 billion, a price-to-earnings ratio of 35.97, a price-to-earnings-growth ratio of 4.19 and a beta of 0.98. The company has a 50 day moving average price of $196.30 and a 200 day moving average price of $199.76. Texas Instruments Incorporated has a one year low of $155.46 and a one year high of $220.38. 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 posted its quarterly earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.38 by $0.09. The firm had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.12 billion. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. The firm’s quarterly revenue was down 8.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.80 earnings per share. Sell-side analysts anticipate that Texas Instruments Incorporated will post 5.08 EPS for the current year.

Texas Instruments Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st were given a $1.36 dividend. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $5.44 annualized dividend and a dividend yield of 2.81%. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.30. Texas Instruments’s dividend payout ratio is presently 101.12%.

Analyst Ratings Changes

TXN has been the topic of a number of research analyst reports. Susquehanna reduced their target price on Texas Instruments from $250.00 to $240.00 and set a “positive” rating for the company in a report on Monday, October 21st. Bank of America lowered their target price on shares of Texas Instruments from $220.00 to $215.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 23rd. Truist Financial reduced their price target on shares of Texas Instruments from $198.00 to $190.00 and set a “hold” rating for the company in a research report on Wednesday, October 23rd. Benchmark reaffirmed a “buy” rating and issued a $230.00 target price on shares of Texas Instruments in a report on Wednesday, October 23rd. Finally, Wells Fargo & Company lowered their target price on Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating on the stock in a research note on Monday. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $209.71.

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.