Texas Instruments Incorporated (NASDAQ:TXN) Shares Bought by Veracity Capital LLC

Veracity Capital LLC lifted its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 8.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,326 shares of the semiconductor company’s stock after purchasing an additional 174 shares during the period. Veracity Capital LLC’s holdings in Texas Instruments were worth $436,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. MidAtlantic Capital Management Inc. purchased a new position in Texas Instruments in the 3rd quarter valued at about $28,000. Retirement Wealth Solutions LLC purchased a new position in Texas Instruments in the fourth quarter valued at about $27,000. Tsfg LLC grew its stake in Texas Instruments by 82.0% during the 3rd quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock valued at $38,000 after purchasing an additional 82 shares in the last quarter. Capital Performance Advisors LLP purchased a new stake in Texas Instruments during the 3rd quarter worth approximately $39,000. Finally, FSA Wealth Management LLC acquired a new position in shares of Texas Instruments in the 3rd quarter valued at approximately $41,000. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Ronald Kirk sold 10,539 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $203.33, for a total value of $2,142,894.87. Following the completion of the sale, the director now owns 14,323 shares in the company, valued at $2,912,295.59. This represents a 42.39 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.68% of the company’s stock.

Texas Instruments Stock Performance

Shares of NASDAQ TXN opened at $200.61 on Friday. Texas Instruments Incorporated has a 12-month low of $155.46 and a 12-month high of $220.38. The company has a market cap of $183.00 billion, a PE ratio of 37.29, a P/E/G ratio of 3.84 and a beta of 0.98. The stock has a 50 day simple moving average of $193.80 and a 200-day simple moving average of $199.56. The company has a current ratio of 4.31, a quick ratio of 3.14 and a debt-to-equity ratio of 0.74.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.10. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. During the same quarter last year, the firm posted $1.49 earnings per share. On average, equities research analysts forecast that Texas Instruments Incorporated will post 5.08 EPS for the current year.

Texas Instruments Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st will be paid a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.71%. The ex-dividend date is Friday, January 31st. Texas Instruments’s dividend payout ratio is currently 101.12%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on TXN shares. Bank of America dropped their price target on shares of Texas Instruments from $220.00 to $215.00 and set a “neutral” rating for the company in a research note on Wednesday, October 23rd. Mizuho set a $200.00 target price on shares of Texas Instruments in a research report on Friday, October 18th. Evercore ISI increased their price target on shares of Texas Instruments from $268.00 to $298.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Rosenblatt Securities reissued a “buy” rating and issued a $250.00 price objective on shares of Texas Instruments in a report on Tuesday. Finally, Wells Fargo & Company reduced their target price on Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $210.45.

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.