Texas Instruments Incorporated (NASDAQ:TXN) Shares Bought by Mengis Capital Management Inc.

Mengis Capital Management Inc. lifted its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 22.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,253 shares of the semiconductor company’s stock after acquiring an additional 230 shares during the period. Mengis Capital Management Inc.’s holdings in Texas Instruments were worth $235,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Pring Turner Capital Group Inc. lifted its stake in shares of Texas Instruments by 4.8% in the 4th quarter. Pring Turner Capital Group Inc. now owns 26,632 shares of the semiconductor company’s stock worth $4,994,000 after acquiring an additional 1,219 shares during the period. BankPlus Trust Department bought a new stake in shares of Texas Instruments in the 4th quarter worth approximately $3,250,000. Edge Capital Group LLC raised its holdings in shares of Texas Instruments by 12.1% in the 4th quarter. Edge Capital Group LLC now owns 6,843 shares of the semiconductor company’s stock worth $1,283,000 after purchasing an additional 738 shares in the last quarter. Crestwood Advisors Group LLC raised its holdings in shares of Texas Instruments by 0.6% in the 4th quarter. Crestwood Advisors Group LLC now owns 39,083 shares of the semiconductor company’s stock worth $7,328,000 after purchasing an additional 242 shares in the last quarter. Finally, WealthShield Partners LLC bought a new stake in shares of Texas Instruments in the 4th quarter worth approximately $1,055,000. 84.99% of the stock is owned by institutional investors and hedge funds.

Texas Instruments Stock Down 0.6 %

Texas Instruments stock opened at $200.74 on Tuesday. The firm has a market cap of $182.74 billion, a PE ratio of 38.68, a P/E/G ratio of 3.30 and a beta of 0.97. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.88 and a current ratio of 4.12. The firm’s 50 day moving average price is $188.67 and its two-hundred day moving average price is $197.64. Texas Instruments Incorporated has a twelve month low of $159.11 and a twelve month high of $220.38.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings data on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.10. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. During the same period last year, the firm posted $1.49 EPS. On average, research analysts predict 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 $1.36 dividend. This represents a $5.44 annualized dividend and a yield of 2.71%. The ex-dividend date was Friday, January 31st. Texas Instruments’s dividend payout ratio is 104.82%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on TXN shares. Truist Financial dropped their target price on shares of Texas Instruments from $199.00 to $195.00 and set a “hold” rating on the stock in a report on Friday, January 24th. Benchmark reiterated a “buy” rating and issued a $230.00 target price on shares of Texas Instruments in a report on Friday, January 24th. Barclays dropped their target price on shares of Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating on the stock in a report on Friday, January 24th. 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. Finally, Wells Fargo & Company cut their price target on shares of 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 investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $209.20.

Insiders Place Their Bets

In other Texas Instruments news, Director Mark A. Blinn sold 590 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $180.71, for a total value of $106,618.90. Following the completion of the sale, the director now directly owns 11,717 shares of the company’s stock, valued at $2,117,379.07. The trade was a 4.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.68% of the company’s stock.

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.