Solidarity Wealth LLC Raises Position in Texas Instruments Incorporated (NASDAQ:TXN)

Solidarity Wealth LLC grew its position in Texas Instruments Incorporated (NASDAQ:TXN) by 9.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,110 shares of the semiconductor company’s stock after buying an additional 97 shares during the period. Solidarity Wealth LLC’s holdings in Texas Instruments were worth $208,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Retirement Wealth Solutions LLC purchased a new position in shares of Texas Instruments during the fourth quarter valued at approximately $27,000. MidAtlantic Capital Management Inc. purchased a new stake in Texas Instruments during the third quarter valued at approximately $28,000. Tsfg LLC increased its holdings in Texas Instruments by 82.0% during the third quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock valued at $38,000 after buying an additional 82 shares during the last quarter. Capital Performance Advisors LLP purchased a new stake in Texas Instruments during the third quarter valued at approximately $39,000. Finally, FSA Wealth Management LLC purchased a new stake in Texas Instruments during the third quarter valued at approximately $41,000. 84.99% of the stock is owned by hedge funds and other institutional investors.

Texas Instruments Trading Up 2.7 %

NASDAQ TXN opened at $192.42 on Tuesday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 3.14 and a current ratio of 4.31. The company has a market capitalization of $175.53 billion, a price-to-earnings ratio of 35.77, a price-to-earnings-growth ratio of 3.74 and a beta of 0.98. The company’s 50-day simple moving average is $194.79 and its two-hundred day simple moving average is $199.65. Texas Instruments Incorporated has a one year low of $155.46 and a one year high of $220.38.

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

Texas Instruments Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st will be issued a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date of this dividend is Friday, January 31st. Texas Instruments’s dividend payout ratio is currently 101.12%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on TXN. Summit Insights upgraded shares of Texas Instruments from a “hold” rating to a “buy” rating in a research report on Wednesday, October 23rd. Barclays dropped their price target 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. Mizuho set a $200.00 price target on shares of Texas Instruments in a research report on Friday, October 18th. Wells Fargo & Company dropped their price target on shares of Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating for the company in a research report on Monday, January 13th. Finally, Bank of America dropped their price target on shares of Texas Instruments from $220.00 to $215.00 and set a “neutral” rating for the company 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 eight have issued a buy rating to the company. Based on data from MarketBeat.com, Texas Instruments currently has a consensus rating of “Hold” and a consensus target price of $210.45.

Insider Buying and Selling

In related news, Director Ronald Kirk sold 10,539 shares of Texas Instruments stock in a transaction that occurred 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 completion of the sale, the director now directly owns 14,323 shares in the company, valued at $2,912,295.59. This trade represents a 42.39 % decrease in their position. The transaction 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 firm’s stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $208.80, for a total transaction of $2,085,912.00. Following the transaction, the director now directly owns 20,461 shares of the company’s stock, valued at $4,272,256.80. This represents a 32.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.68% of the stock is owned by company insiders.

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.