Mystic Asset Management Inc. Takes $544,000 Position in Texas Instruments Incorporated (NASDAQ:TXN)

Mystic Asset Management Inc. purchased a new position in Texas Instruments Incorporated (NASDAQ:TXN) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,903 shares of the semiconductor company’s stock, valued at approximately $544,000.

A number of other institutional investors also recently added to or reduced their stakes in the company. BlackDiamond Wealth Management LLC lifted its stake in Texas Instruments by 4.6% in the fourth quarter. BlackDiamond Wealth Management LLC now owns 1,728 shares of the semiconductor company’s stock worth $324,000 after acquiring an additional 76 shares during the last quarter. Wealth Architects LLC lifted its stake in Texas Instruments by 10.6% in the fourth quarter. Wealth Architects LLC now owns 2,516 shares of the semiconductor company’s stock worth $472,000 after acquiring an additional 241 shares during the last quarter. SlateStone Wealth LLC lifted its stake in Texas Instruments by 13.8% in the fourth quarter. SlateStone Wealth LLC now owns 21,313 shares of the semiconductor company’s stock worth $3,996,000 after acquiring an additional 2,589 shares during the last quarter. First National Advisers LLC lifted its stake in Texas Instruments by 2.4% in the fourth quarter. First National Advisers LLC now owns 14,291 shares of the semiconductor company’s stock worth $2,680,000 after acquiring an additional 332 shares during the last quarter. Finally, GWN Securities Inc. purchased a new stake in shares of Texas Instruments during the 4th quarter worth approximately $508,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Insiders Place Their Bets

In related news, Director Janet F. Clark sold 6,065 shares of the business’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $203.62, for a total value of $1,234,955.30. Following the sale, the director now directly owns 10,816 shares in the company, valued at $2,202,353.92. The trade was a 35.93 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mark A. Blinn sold 590 shares of the business’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $180.71, for a total transaction of $106,618.90. Following the completion of the sale, the director now owns 11,717 shares in the company, valued at $2,117,379.07. This represents a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 297,655 shares of company stock worth $59,841,304. Corporate insiders own 0.57% of the company’s stock.

Texas Instruments Stock Performance

Shares of TXN opened at $179.45 on Wednesday. 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 stock has a market capitalization of $163.28 billion, a P/E ratio of 34.58, a P/E/G ratio of 3.30 and a beta of 0.97. The company’s fifty day moving average is $188.11 and its two-hundred day moving average is $195.82. Texas Instruments Incorporated has a 1 year low of $159.11 and a 1 year high of $220.39.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share (EPS) 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 in the previous year, the company posted $1.49 EPS. On average, sell-side analysts predict that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st were given a dividend of $1.36 per share. The ex-dividend date was Friday, January 31st. This represents a $5.44 annualized dividend and a dividend yield of 3.03%. Texas Instruments’s payout ratio is currently 104.82%.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Cantor Fitzgerald restated a “neutral” rating and set a $200.00 price objective on shares of Texas Instruments in a research report on Friday, January 24th. Rosenblatt Securities restated a “buy” rating and set a $250.00 price objective on shares of Texas Instruments in a research report on Tuesday, January 21st. Benchmark restated a “buy” rating and set a $230.00 price objective on shares of Texas Instruments in a research report on Friday, January 24th. Mizuho reduced their price objective on shares of Texas Instruments from $200.00 to $190.00 and set a “neutral” rating for the company in a research report on Friday, January 24th. Finally, Truist Financial reduced their price objective on shares of Texas Instruments from $199.00 to $195.00 and set a “hold” rating for the company in a research report on Friday, January 24th. Two 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. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $209.20.

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.