Miracle Mile Advisors LLC Raises Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Miracle Mile Advisors LLC boosted its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 5.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,056 shares of the semiconductor company’s stock after buying an additional 386 shares during the quarter. Miracle Mile Advisors LLC’s holdings in Texas Instruments were worth $1,403,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in TXN. Federated Hermes Inc. increased its position in shares of Texas Instruments by 20.4% in the 3rd quarter. Federated Hermes Inc. now owns 10,262 shares of the semiconductor company’s stock valued at $1,632,000 after purchasing an additional 1,739 shares during the last quarter. Truist Financial Corp lifted its holdings in Texas Instruments by 8.3% during the 3rd quarter. Truist Financial Corp now owns 335,395 shares of the semiconductor company’s stock worth $53,331,000 after buying an additional 25,838 shares during the last quarter. AXQ Capital LP raised 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 worth $731,000 after acquiring an additional 1,800 shares in the last quarter. Evergreen Capital Management LLC lifted its stake in Texas Instruments by 6.5% during the third quarter. Evergreen Capital Management LLC now owns 9,233 shares of the semiconductor company’s stock worth $1,468,000 after purchasing an additional 560 shares during the last quarter. Finally, Legacy Advisors LLC boosted its holdings in Texas Instruments by 14.9% in the third quarter. Legacy Advisors LLC now owns 12,905 shares of the semiconductor company’s stock valued at $2,052,000 after purchasing an additional 1,675 shares in the last quarter. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Wells Fargo & Company began coverage on shares of Texas Instruments in a research report on Thursday, May 16th. They set an “underweight” rating and a $150.00 price objective for the company. The Goldman Sachs Group raised their price objective on Texas Instruments from $137.00 to $157.00 and gave the stock a “sell” rating in a report on Wednesday, April 24th. TD Cowen boosted their target price on Texas Instruments from $160.00 to $175.00 and gave the company a “hold” rating in a report on Wednesday, April 24th. JPMorgan Chase & Co. boosted their price objective on Texas Instruments from $180.00 to $195.00 and gave the company an “overweight” rating in a research note on Wednesday, April 24th. Finally, Robert W. Baird raised their target price on shares of Texas Instruments from $125.00 to $175.00 and gave the stock a “neutral” rating in a research report on Thursday, April 25th. Four analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Texas Instruments has an average rating of “Hold” and a consensus price target of $183.43.

Insider Activity at Texas Instruments

In other Texas Instruments news, Chairman Richard K. Templeton sold 104,000 shares of Texas Instruments stock in a transaction on Monday, April 29th. The shares were sold at an average price of $178.68, for a total value of $18,582,720.00. Following the transaction, the chairman now owns 403,851 shares in the company, valued at approximately $72,160,096.68. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Chairman Richard K. Templeton sold 104,000 shares of the firm’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $178.68, for a total value of $18,582,720.00. Following the transaction, the chairman now owns 403,851 shares of the company’s stock, valued at approximately $72,160,096.68. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Pamela H. Patsley sold 9,990 shares of the 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 completion of the sale, the director now owns 33,348 shares of the company’s stock, valued at $5,973,293.76. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 328,969 shares of company stock valued at $58,427,984. Company insiders own 0.68% of the company’s stock.

Texas Instruments Price Performance

NASDAQ TXN traded up $0.07 during mid-day trading on Monday, hitting $194.60. The stock had a trading volume of 2,870,273 shares, compared to its average volume of 5,555,450. 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 market cap of $177.18 billion, a price-to-earnings ratio of 30.36, a P/E/G ratio of 4.21 and a beta of 0.99. Texas Instruments Incorporated has a 52-week low of $139.48 and a 52-week high of $206.00. The company has a 50 day simple moving average of $190.26 and a 200 day simple moving average of $175.38.

Texas Instruments (NASDAQ:TXN) last announced its earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.13. The company had revenue of $3.66 billion during the quarter, compared to analysts’ expectations of $3.61 billion. Texas Instruments had a net margin of 35.16% and a return on equity of 35.28%. The firm’s quarterly revenue was down 16.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.85 earnings per share. Equities analysts forecast that Texas Instruments Incorporated will post 5.13 EPS for the current fiscal year.

Texas Instruments Announces Dividend

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

About Texas Instruments

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.