Texas Instruments Incorporated (NASDAQ:TXN) Stock Holdings Increased by Pointe Capital Management LLC

Pointe Capital Management LLC lifted its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 7.0% in the 4th quarter, HoldingsChannel reports. The firm owned 4,386 shares of the semiconductor company’s stock after purchasing an additional 288 shares during the quarter. Pointe Capital Management LLC’s holdings in Texas Instruments were worth $748,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. AXQ Capital LP boosted its position in shares of Texas Instruments by 64.3% during the 3rd quarter. AXQ Capital LP now owns 4,600 shares of the semiconductor company’s stock valued at $731,000 after purchasing an additional 1,800 shares in the last quarter. First National Bank of Mount Dora Trust Investment Services boosted its holdings in Texas Instruments by 0.4% during the fourth quarter. First National Bank of Mount Dora Trust Investment Services now owns 42,134 shares of the semiconductor company’s stock worth $7,182,000 after buying an additional 155 shares in the last quarter. Verdence Capital Advisors LLC grew its position in Texas Instruments by 39.9% in the third quarter. Verdence Capital Advisors LLC now owns 8,405 shares of the semiconductor company’s stock worth $1,336,000 after buying an additional 2,397 shares during the last quarter. Silver Oak Securities Incorporated bought a new position in shares of Texas Instruments in the fourth quarter valued at $222,000. Finally, Salem Investment Counselors Inc. lifted its position in shares of Texas Instruments by 2.2% during the 4th quarter. Salem Investment Counselors Inc. now owns 8,232 shares of the semiconductor company’s stock valued at $1,403,000 after acquiring an additional 177 shares during the last quarter. 84.99% of the stock is owned by institutional investors and hedge funds.

Texas Instruments Stock Up 1.8 %

Shares of TXN traded up $3.11 during mid-day trading on Friday, hitting $178.91. 4,545,090 shares of the company’s stock were exchanged, compared to its average volume of 6,059,944. The stock has a market cap of $162.89 billion, a price-to-earnings ratio of 27.91, a P/E/G ratio of 3.75 and a beta of 1.01. The firm has a fifty day moving average of $170.68 and a two-hundred day moving average of $162.98. The company has a quick ratio of 3.76, a current ratio of 4.91 and a debt-to-equity ratio of 0.76. Texas Instruments Incorporated has a twelve month low of $139.48 and a twelve month high of $188.12.

Texas Instruments (NASDAQ:TXN) last posted its earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 EPS for the quarter, topping the consensus estimate of $1.07 by $0.13. Texas Instruments had a net margin of 35.16% and a return on equity of 35.28%. The firm had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $3.61 billion. During the same period in the prior year, the business posted $1.85 earnings per share. The business’s quarterly revenue was down 16.4% on a year-over-year basis. On average, sell-side analysts forecast that Texas Instruments Incorporated will post 5.21 earnings per share for the current year.

Texas Instruments Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 21st. Shareholders of record on Wednesday, May 8th will be given a dividend of $1.30 per share. The ex-dividend date of this dividend is Tuesday, May 7th. This represents a $5.20 dividend on an annualized basis and a yield of 2.91%. Texas Instruments’s payout ratio is currently 81.12%.

Insiders Place Their Bets

In related news, Director Pamela H. Patsley sold 9,990 shares of the firm’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $179.12, for a total value of $1,789,408.80. Following the transaction, the director now directly owns 33,348 shares in the company, valued at approximately $5,973,293.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Pamela H. Patsley sold 9,990 shares of the stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $179.12, for a total transaction of $1,789,408.80. Following the completion of the sale, the director now owns 33,348 shares in the company, valued at approximately $5,973,293.76. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman Richard K. Templeton sold 104,000 shares of Texas Instruments stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $175.83, for a total value of $18,286,320.00. Following the completion of the transaction, the chairman now directly owns 403,851 shares in the company, valued at $71,009,121.33. The disclosure for this sale can be found here. Insiders sold 228,529 shares of company stock valued at $40,502,458 over the last 90 days. 0.68% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on TXN. Truist Financial upped their target price on Texas Instruments from $165.00 to $167.00 and gave the company a “hold” rating in a report on Wednesday, April 24th. KeyCorp lifted their target price on shares of Texas Instruments from $180.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 24th. The Goldman Sachs Group upped their price target on shares of Texas Instruments from $137.00 to $157.00 and gave the company a “sell” rating in a research report on Wednesday, April 24th. Susquehanna lifted their price objective on shares of Texas Instruments from $200.00 to $205.00 and gave the stock a “positive” rating in a research report on Wednesday, April 24th. Finally, Cantor Fitzgerald restated a “neutral” rating and issued a $180.00 target price on shares of Texas Instruments in a report on Wednesday, April 24th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Texas Instruments has an average rating of “Hold” and an average target price of $180.74.

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.