Novare Capital Management LLC Has $14.81 Million Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Novare Capital Management LLC increased its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 1.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 78,993 shares of the semiconductor company’s stock after buying an additional 1,015 shares during the period. Texas Instruments comprises 1.2% of Novare Capital Management LLC’s portfolio, making the stock its 20th biggest holding. Novare Capital Management LLC’s holdings in Texas Instruments were worth $14,812,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. MidAtlantic Capital Management Inc. acquired a new position in Texas Instruments during the third quarter valued at approximately $28,000. Retirement Wealth Solutions LLC bought a new stake in shares of Texas Instruments during the 4th quarter worth approximately $27,000. Tsfg LLC boosted its holdings 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 last quarter. Capital Performance Advisors LLP bought a new position in shares of Texas Instruments in the third quarter valued at $39,000. Finally, FSA Wealth Management LLC acquired a new position in Texas Instruments during the third quarter worth $41,000. 84.99% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on TXN. Mizuho dropped their target price on shares of Texas Instruments from $200.00 to $190.00 and set a “neutral” rating on the stock in a report on Friday. Morgan Stanley raised their price objective on Texas Instruments from $154.00 to $167.00 and gave the company an “underweight” rating in a research report on Wednesday, October 23rd. Benchmark reissued a “buy” rating and set a $230.00 target price on shares of Texas Instruments in a report on Friday. Susquehanna cut their price target on Texas Instruments from $250.00 to $240.00 and set a “positive” rating for the company in a report on Monday, October 21st. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $250.00 price objective on shares of Texas Instruments in a report on Tuesday, January 21st. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, Texas Instruments has an average rating of “Hold” and an average target price of $209.20.

Insider Transactions at Texas Instruments

In other Texas Instruments news, Director Ronald Kirk sold 10,539 shares of the business’s stock in a transaction 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 of the company’s stock, valued at approximately $2,912,295.59. The trade was a 42.39 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.68% of the stock is owned by insiders.

Texas Instruments Stock Down 7.5 %

TXN stock opened at $185.52 on Friday. Texas Instruments Incorporated has a 52 week low of $155.46 and a 52 week high of $220.38. The business has a 50-day simple moving average of $193.38 and a 200 day simple moving average of $199.46. 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 market cap of $169.24 billion, a PE ratio of 34.48, a price-to-earnings-growth ratio of 3.84 and a beta of 0.98.

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

Texas Instruments Dividend Announcement

The firm 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. The ex-dividend date of this dividend is Friday, January 31st. This represents a $5.44 annualized dividend and a dividend yield of 2.93%. Texas Instruments’s payout ratio is 101.12%.

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.