Summit Securities Group LLC Invests $27,000 in Texas Instruments Incorporated (NASDAQ:TXN)

Summit Securities Group LLC bought a new stake in Texas Instruments Incorporated (NASDAQ:TXN) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 145 shares of the semiconductor company’s stock, valued at approximately $27,000.

Several other large investors have also made changes to their positions in TXN. Vanguard Group Inc. increased its holdings in Texas Instruments by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 93,567,277 shares of the semiconductor company’s stock valued at $17,544,800,000 after buying an additional 649,620 shares in the last quarter. State Street Corp lifted its stake in Texas Instruments by 0.9% in the 3rd quarter. State Street Corp now owns 41,679,234 shares of the semiconductor company’s stock valued at $8,609,679,000 after buying an additional 391,306 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Texas Instruments by 11.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 21,487,468 shares of the semiconductor company’s stock worth $4,029,115,000 after buying an additional 2,237,035 shares during the last quarter. Geode Capital Management LLC increased its stake in Texas Instruments by 2.3% during the 3rd quarter. Geode Capital Management LLC now owns 21,286,790 shares of the semiconductor company’s stock worth $4,382,936,000 after buying an additional 487,892 shares in the last quarter. Finally, Norges Bank acquired a new position in Texas Instruments in the 4th quarter valued at $2,584,490,000. 84.99% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Texas Instruments news, Director Mark A. Blinn sold 590 shares of Texas Instruments stock in a transaction 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 transaction, the director now owns 11,717 shares in the company, valued at $2,117,379.07. This trade represents a 4.79 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Richard K. Templeton sold 97,000 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $202.72, for a total transaction of $19,663,840.00. Following the sale, the chairman now directly owns 409,089 shares of the company’s stock, valued at approximately $82,930,522.08. This trade represents a 19.17 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 297,655 shares of company stock worth $59,841,304 over the last 90 days. 0.57% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Barclays cut their price target on Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating for the company in a report on Friday, January 24th. Mizuho cut 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. Rosenblatt Securities reiterated a “buy” rating and issued a $250.00 target price on shares of Texas Instruments in a report on Tuesday, January 21st. Benchmark restated a “buy” rating and set a $230.00 price target on shares of Texas Instruments in a report on Friday, January 24th. Finally, Wells Fargo & Company decreased their price objective 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 research 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. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $209.20.

Texas Instruments Stock Down 2.5 %

TXN opened at $176.33 on Monday. The business’s 50-day simple moving average is $186.45 and its 200-day simple moving average is $194.62. Texas Instruments Incorporated has a one year low of $159.11 and a one year high of $220.39. The stock has a market capitalization of $160.45 billion, a P/E ratio of 33.97, a price-to-earnings-growth ratio of 3.30 and a beta of 0.98. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.88 and a current ratio of 4.12.

Texas Instruments (NASDAQ:TXN) last announced its earnings results 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 return on equity of 28.08% and a net margin of 30.68%. During the same period in the prior year, the company posted $1.49 EPS. Analysts anticipate that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Dividend Announcement

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

Texas Instruments 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.