Wealthstar Advisors LLC Makes New Investment in Texas Instruments Incorporated (NASDAQ:TXN)

Wealthstar Advisors LLC purchased a new position in shares of Texas Instruments Incorporated (NASDAQ:TXN) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 46,933 shares of the semiconductor company’s stock, valued at approximately $8,800,000. Texas Instruments makes up about 3.8% of Wealthstar Advisors LLC’s portfolio, making the stock its 4th biggest holding.

Other hedge funds have also recently made changes to their positions in the company. Assenagon Asset Management S.A. increased its stake in Texas Instruments by 948.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 4,794,646 shares of the semiconductor company’s stock worth $899,044,000 after purchasing an additional 4,337,295 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Texas Instruments by 4.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 19,250,433 shares of the semiconductor company’s stock worth $3,976,562,000 after purchasing an additional 782,053 shares during the last quarter. International Assets Investment Management LLC increased its stake in shares of Texas Instruments by 17,253.3% in the third quarter. International Assets Investment Management LLC now owns 613,440 shares of the semiconductor company’s stock worth $126,718,000 after buying an additional 609,905 shares during the period. Geode Capital Management LLC increased its stake in shares of Texas Instruments by 2.3% in the third 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 during the period. Finally, State Street Corp boosted its position in Texas Instruments by 0.9% during 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 during the period. 84.99% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Texas Instruments news, Director Mark A. Blinn sold 590 shares of Texas Instruments stock in a transaction on Tuesday, February 4th. The stock was 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 owns 11,717 shares of the company’s stock, valued at approximately $2,117,379.07. This trade represents a 4.79 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ronald Kirk sold 10,539 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $203.33, for a total value of $2,142,894.87. Following the transaction, the director now directly owns 14,323 shares in the company, valued at approximately $2,912,295.59. The trade was a 42.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.68% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Wells Fargo & Company decreased their price objective on shares of Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. Bank of America reduced their price target on Texas Instruments from $220.00 to $215.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. Rosenblatt Securities reiterated a “buy” rating and issued a $250.00 price objective on shares of Texas Instruments in a report on Tuesday, January 21st. Cantor Fitzgerald reissued a “neutral” rating and set a $200.00 target price on shares of Texas Instruments in a research note on Friday, January 24th. Finally, Robert W. Baird dropped their price target 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. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, Texas Instruments presently has an average rating of “Hold” and an average target price of $209.20.

Texas Instruments Price Performance

TXN stock opened at $180.00 on Monday. 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 has a market capitalization of $164.20 billion, a price-to-earnings ratio of 34.68, a PEG ratio of 2.95 and a beta of 0.97. The firm has a 50 day moving average price of $189.75 and a 200-day moving average price of $198.04. Texas Instruments Incorporated has a 52-week low of $155.46 and a 52-week high of $220.38.

Texas Instruments (NASDAQ:TXN) last released its earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 EPS for the quarter, topping 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 business earned $1.49 EPS. Equities research analysts forecast that Texas Instruments Incorporated will post 5.38 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st will be paid a dividend of $1.36 per share. The ex-dividend date is Friday, January 31st. This represents a $5.44 dividend on an annualized basis and a yield of 3.02%. Texas Instruments’s dividend payout ratio is currently 104.82%.

Texas Instruments Company 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.