Fifth Third Wealth Advisors LLC Acquires 1,870 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Fifth Third Wealth Advisors LLC increased its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 8.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 23,885 shares of the semiconductor company’s stock after purchasing an additional 1,870 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in Texas Instruments were worth $4,479,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. MidAtlantic Capital Management Inc. acquired a new position in shares of Texas Instruments during the third quarter worth about $28,000. Tsfg LLC lifted its stake in Texas Instruments by 82.0% in the 3rd quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock valued at $38,000 after acquiring an additional 82 shares in the last quarter. Capital Performance Advisors LLP acquired a new position in Texas Instruments during the 3rd quarter worth approximately $39,000. FSA Wealth Management LLC bought a new position in shares of Texas Instruments during the 3rd quarter worth approximately $41,000. Finally, McClarren Financial Advisors Inc. acquired a new stake in shares of Texas Instruments in the third quarter valued at approximately $43,000. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, Director Ronald Kirk sold 10,539 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $203.33, for a total value of $2,142,894.87. Following the completion of the transaction, the director now owns 14,323 shares of the company’s stock, valued at $2,912,295.59. This represents a 42.39 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Robert E. Sanchez sold 9,990 shares of the business’s stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $208.80, for a total value of $2,085,912.00. Following the sale, the director now owns 20,461 shares in the company, valued at approximately $4,272,256.80. This trade represents a 32.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.68% of the company’s stock.

Texas Instruments Price Performance

TXN stock opened at $193.50 on Wednesday. The company’s 50-day moving average price is $196.30 and its two-hundred day moving average price is $199.76. Texas Instruments Incorporated has a 12 month low of $155.46 and a 12 month high of $220.38. The company has a quick ratio of 3.14, a current ratio of 4.31 and a debt-to-equity ratio of 0.74. The firm has a market cap of $176.51 billion, a P/E ratio of 35.97, a P/E/G ratio of 4.19 and a beta of 0.98.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $1.47 EPS for the quarter, beating the consensus estimate of $1.38 by $0.09. The business had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.12 billion. Texas Instruments had a net margin of 31.60% and a return on equity of 29.05%. The company’s revenue was down 8.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.80 earnings per share. On average, analysts anticipate that Texas Instruments Incorporated will post 5.08 earnings per share for the current fiscal year.

Texas Instruments Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Thursday, October 31st were paid a $1.36 dividend. The ex-dividend date was Thursday, October 31st. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.30. This represents a $5.44 annualized dividend and a yield of 2.81%. Texas Instruments’s dividend payout ratio (DPR) is 101.12%.

Analysts Set New Price Targets

Several brokerages recently commented on TXN. Benchmark reissued a “buy” rating and set a $230.00 price target on shares of Texas Instruments in a research report on Wednesday, October 23rd. Wells Fargo & Company dropped their price target 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. Barclays decreased their price objective on shares of Texas Instruments from $210.00 to $200.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 23rd. Truist Financial cut their target price on shares of Texas Instruments from $198.00 to $190.00 and set a “hold” rating for the company in a research note on Wednesday, October 23rd. Finally, Morgan Stanley boosted their price target on Texas Instruments from $154.00 to $167.00 and gave the stock an “underweight” rating in a research report on Wednesday, October 23rd. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, Texas Instruments currently has an average rating of “Hold” and a consensus target price of $209.71.

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.