MFA Wealth Services Takes $284,000 Position in Texas Instruments Incorporated (NASDAQ:TXN)

MFA Wealth Services acquired a new position in Texas Instruments Incorporated (NASDAQ:TXN) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,516 shares of the semiconductor company’s stock, valued at approximately $284,000.

Other hedge funds also recently bought and sold shares of the company. McGlone Suttner Wealth Management Inc. increased its position in shares of Texas Instruments by 19.6% during the 4th quarter. McGlone Suttner Wealth Management Inc. now owns 1,447 shares of the semiconductor company’s stock valued at $271,000 after purchasing an additional 237 shares during the last quarter. Cornerstone Wealth Management LLC increased its holdings in Texas Instruments by 4.6% during the fourth quarter. Cornerstone Wealth Management LLC now owns 3,751 shares of the semiconductor company’s stock valued at $703,000 after buying an additional 165 shares during the last quarter. Brighton Jones LLC raised its position in Texas Instruments by 33.4% in the fourth quarter. Brighton Jones LLC now owns 16,840 shares of the semiconductor company’s stock worth $3,158,000 after acquiring an additional 4,218 shares during the period. Cerro Pacific Wealth Advisors LLC boosted its stake in shares of Texas Instruments by 12.1% during the 4th quarter. Cerro Pacific Wealth Advisors LLC now owns 3,188 shares of the semiconductor company’s stock worth $659,000 after acquiring an additional 343 shares during the last quarter. Finally, Veracity Capital LLC grew its position in shares of Texas Instruments by 8.1% during the 4th quarter. Veracity Capital LLC now owns 2,326 shares of the semiconductor company’s stock valued at $436,000 after acquiring an additional 174 shares during the period. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Texas Instruments Stock Up 1.8 %

NASDAQ TXN opened at $200.61 on Friday. The company has a quick ratio of 3.14, a current ratio of 4.31 and a debt-to-equity ratio of 0.74. Texas Instruments Incorporated has a 52 week low of $155.46 and a 52 week high of $220.38. The firm has a market capitalization of $183.00 billion, a price-to-earnings ratio of 37.29, a PEG ratio of 3.84 and a beta of 0.98. The company has a fifty day moving average of $193.80 and a two-hundred day moving average of $199.56.

Texas Instruments (NASDAQ:TXN) last released its earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.10. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. During the same quarter in the previous year, the business earned $1.49 EPS. On average, analysts predict that Texas Instruments Incorporated will post 5.08 earnings per share for the current year.

Texas Instruments Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 11th. Investors of record on Friday, January 31st will be paid a $1.36 dividend. This represents a $5.44 annualized dividend and a yield of 2.71%. The ex-dividend date is Friday, January 31st. Texas Instruments’s dividend payout ratio is presently 101.12%.

Insider Activity at Texas Instruments

In other Texas Instruments news, Director Ronald Kirk sold 10,539 shares of Texas Instruments stock in a transaction on Monday, November 25th. The stock was sold at an average price of $203.33, for a total transaction of $2,142,894.87. Following the completion of the sale, the director now directly owns 14,323 shares of the company’s stock, valued at $2,912,295.59. The trade was a 42.39 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.68% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Mizuho set a $200.00 price target on Texas Instruments in a report on Friday, October 18th. Robert W. Baird cut their price objective on Texas Instruments from $200.00 to $175.00 and set a “neutral” rating for the company in a research note on Wednesday, October 23rd. Bank of America decreased their target price on shares of Texas Instruments from $220.00 to $215.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 23rd. Truist Financial lowered their price target on shares of Texas Instruments from $198.00 to $190.00 and set a “hold” rating on the stock in a report on Wednesday, October 23rd. Finally, Susquehanna decreased their price objective on shares of Texas Instruments from $250.00 to $240.00 and set a “positive” rating on the stock in a research report on Monday, October 21st. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, Texas Instruments currently has an average rating of “Hold” and an average target price of $210.45.

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.