Rodgers Brothers Inc. Buys 12,825 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Rodgers Brothers Inc. boosted its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 53.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 36,801 shares of the semiconductor company’s stock after buying an additional 12,825 shares during the period. Rodgers Brothers Inc.’s holdings in Texas Instruments were worth $6,901,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of TXN. Promus Capital LLC bought a new stake in Texas Instruments in the 4th quarter valued at about $25,000. Financial Life Planners acquired a new position in Texas Instruments in the fourth quarter valued at about $26,000. Retirement Wealth Solutions LLC bought a new stake in shares of Texas Instruments during the 4th quarter worth approximately $27,000. Summit Securities Group LLC bought a new stake in Texas Instruments during the fourth quarter worth $27,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new stake in Texas Instruments in the fourth quarter valued at about $28,000. 84.99% of the stock is owned by institutional investors.

Texas Instruments Stock Performance

Shares of TXN opened at $176.33 on Monday. Texas Instruments Incorporated has a 12 month low of $159.11 and a 12 month high of $220.39. The business’s fifty day simple moving average is $186.45 and its two-hundred day simple moving average is $194.62. The company has a current ratio of 4.12, a quick ratio of 2.88 and a debt-to-equity ratio of 0.76. The company has a market cap of $160.45 billion, a price-to-earnings ratio of 33.97, a P/E/G ratio of 3.30 and a beta of 0.98.

Texas Instruments (NASDAQ:TXN) last posted its earnings results 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 quarter in the previous year, the company posted $1.49 EPS. Research analysts anticipate that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st were issued a dividend of $1.36 per share. The ex-dividend date of this dividend was Friday, January 31st. This represents a $5.44 annualized dividend and a dividend yield of 3.09%. Texas Instruments’s payout ratio is 104.82%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on TXN. Cantor Fitzgerald restated a “neutral” rating and issued a $200.00 price objective on shares of Texas Instruments in a report on Friday, January 24th. Benchmark restated a “buy” rating and set a $230.00 price objective on shares of Texas Instruments in a report on Friday, January 24th. Wells Fargo & Company cut their price target on Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. 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, Mizuho reduced their price objective on Texas Instruments from $200.00 to $190.00 and set a “neutral” rating for the company in a research note on Friday, January 24th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $209.20.

Insider Transactions at Texas Instruments

In other news, Chairman Richard K. Templeton sold 97,000 shares of the company’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $197.69, for a total transaction of $19,175,930.00. Following the completion of the sale, the chairman now owns 409,089 shares of the company’s stock, valued at $80,872,804.41. This represents a 19.17 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 transaction of $106,618.90. Following the sale, the director now owns 11,717 shares of the company’s stock, valued at $2,117,379.07. This trade represents a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 297,655 shares of company stock worth $59,841,304 in the last ninety days. Insiders own 0.57% 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.