Rovin Capital UT ADV Acquires 300 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Rovin Capital UT ADV lifted its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 29.6% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,313 shares of the semiconductor company’s stock after purchasing an additional 300 shares during the period. Rovin Capital UT ADV’s holdings in Texas Instruments were worth $246,000 at the end of the most recent reporting period.

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

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, Director Ronald Kirk sold 10,539 shares of Texas Instruments stock in a transaction on Monday, November 25th. The shares were sold at an average price of $203.33, for a total value 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. The trade was a 42.39 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert E. Sanchez sold 9,990 shares of the stock in a transaction dated 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 owns 20,461 shares of the company’s stock, valued at approximately $4,272,256.80. This represents a 32.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.68% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on TXN shares. Cantor Fitzgerald reissued a “neutral” rating and set a $200.00 price objective on shares of Texas Instruments in a report on Wednesday, October 23rd. Benchmark restated a “buy” rating and issued a $230.00 price objective on shares of Texas Instruments in a report on Wednesday, October 23rd. Summit Insights raised shares of Texas Instruments from a “hold” rating to a “buy” rating in a research note on Wednesday, October 23rd. Morgan Stanley upped their target price on shares of Texas Instruments from $154.00 to $167.00 and gave the company an “underweight” rating in a research report on Wednesday, October 23rd. Finally, Wells Fargo & Company reduced their price target on Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating on the stock in a research report on Monday. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, Texas Instruments presently has an average rating of “Hold” and an average price target of $209.71.

Texas Instruments Stock Down 5.1 %

Texas Instruments stock opened at $187.37 on Friday. Texas Instruments Incorporated has a twelve month low of $155.46 and a twelve month high of $220.38. The company has a quick ratio of 3.14, a current ratio of 4.31 and a debt-to-equity ratio of 0.74. The company has a 50 day moving average of $195.95 and a 200-day moving average of $199.74. The stock has a market capitalization of $170.92 billion, a PE ratio of 34.83, a price-to-earnings-growth ratio of 3.69 and a beta of 0.98.

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

Texas Instruments Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 11th. Investors of record on Friday, January 31st will be given a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a yield of 2.90%. Texas Instruments’s dividend payout ratio is presently 101.12%.

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.