Financial Management Professionals Inc. Has $775,000 Position in Texas Instruments Incorporated (NASDAQ:TXN)

Financial Management Professionals Inc. lifted its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 9.8% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,446 shares of the semiconductor company’s stock after acquiring an additional 396 shares during the period. Financial Management Professionals Inc.’s holdings in Texas Instruments were worth $775,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of TXN. AXQ Capital LP increased its stake in 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 increased its stake in Texas Instruments by 0.4% during the 4th quarter. First National Bank of Mount Dora Trust Investment Services now owns 42,134 shares of the semiconductor company’s stock valued at $7,182,000 after purchasing an additional 155 shares in the last quarter. Silver Oak Securities Incorporated bought a new stake in Texas Instruments during the 4th quarter valued at $222,000. First National Advisers LLC grew its stake in shares of Texas Instruments by 27.6% in the 4th quarter. First National Advisers LLC now owns 9,516 shares of the semiconductor company’s stock worth $1,623,000 after acquiring an additional 2,059 shares in the last quarter. Finally, Salem Investment Counselors Inc. grew its stake in shares of Texas Instruments by 2.2% in the 4th quarter. Salem Investment Counselors Inc. now owns 8,232 shares of the semiconductor company’s stock worth $1,403,000 after acquiring an additional 177 shares in the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.

Wall Street Analysts Forecast Growth

TXN has been the topic of a number of recent analyst reports. Stifel Nicolaus increased their price target on shares of Texas Instruments from $160.00 to $172.00 and gave the stock a “hold” rating in a report on Wednesday, April 24th. Cantor Fitzgerald raised their target price on shares of Texas Instruments from $180.00 to $210.00 and gave the company a “neutral” rating in a research note on Wednesday, May 15th. Benchmark raised their target price on shares of Texas Instruments from $210.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, June 21st. Rosenblatt Securities reaffirmed a “buy” rating and issued a $210.00 target price on shares of Texas Instruments in a research note on Wednesday, April 24th. Finally, Truist Financial raised their target price on shares of Texas Instruments from $165.00 to $167.00 and gave the company a “hold” rating in a research note on Wednesday, April 24th. Four analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Texas Instruments currently has an average rating of “Hold” and an average price target of $183.43.

Insider Buying and Selling

In related news, Chairman Richard K. Templeton sold 100,440 shares of the stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $178.47, for a total value of $17,925,526.80. Following the completion of the sale, the chairman now directly owns 403,851 shares of the company’s stock, valued at approximately $72,075,287.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Texas Instruments news, Chairman Richard K. Templeton sold 100,440 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $178.47, for a total value of $17,925,526.80. Following the completion of the transaction, the chairman now directly owns 403,851 shares in the company, valued at approximately $72,075,287.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Richard K. Templeton sold 104,000 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $178.68, for a total value of $18,582,720.00. Following the completion of the transaction, the chairman now owns 403,851 shares of the company’s stock, valued at $72,160,096.68. The disclosure for this sale can be found here. In the last ninety days, insiders sold 328,969 shares of company stock valued at $58,427,984. 0.68% of the stock is owned by corporate insiders.

Texas Instruments Price Performance

NASDAQ TXN opened at $194.53 on Friday. Texas Instruments Incorporated has a 52 week low of $139.48 and a 52 week high of $206.00. The firm has a market capitalization of $177.12 billion, a P/E ratio of 30.35, a PEG ratio of 4.19 and a beta of 1.00. The company has a quick ratio of 3.76, a current ratio of 4.91 and a debt-to-equity ratio of 0.76. The company has a 50-day moving average price of $190.26 and a 200-day moving average price of $175.16.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 EPS for the quarter, beating 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 during the quarter, compared to analyst estimates of $3.61 billion. During the same quarter in the prior year, the firm earned $1.85 EPS. The business’s revenue for the quarter was down 16.4% compared to the same quarter last year. Equities research analysts anticipate that Texas Instruments Incorporated will post 5.13 earnings per share for the current year.

Texas Instruments Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 21st. Investors of record on Wednesday, May 8th were issued a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 2.67%. The ex-dividend date was Tuesday, May 7th. Texas Instruments’s dividend payout ratio is 81.12%.

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.