Avitas Wealth Management LLC Grows Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Avitas Wealth Management LLC lifted its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 0.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,835 shares of the semiconductor company’s stock after purchasing an additional 59 shares during the quarter. Avitas Wealth Management LLC’s holdings in Texas Instruments were worth $2,032,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Greenwood Capital Associates LLC purchased a new position in Texas Instruments in the fourth quarter worth about $4,851,000. E. Ohman J or Asset Management AB increased its position in shares of Texas Instruments by 13.7% during the fourth quarter. E. Ohman J or Asset Management AB now owns 41,660 shares of the semiconductor company’s stock valued at $7,812,000 after acquiring an additional 5,010 shares in the last quarter. Welch Group LLC raised its holdings in Texas Instruments by 1.1% in the 4th quarter. Welch Group LLC now owns 237,479 shares of the semiconductor company’s stock worth $44,637,000 after acquiring an additional 2,478 shares during the last quarter. Brown Lisle Cummings Inc. lifted its position in Texas Instruments by 1.5% in the 4th quarter. Brown Lisle Cummings Inc. now owns 16,239 shares of the semiconductor company’s stock valued at $3,045,000 after acquiring an additional 233 shares in the last quarter. Finally, Rockline Wealth Management LLC boosted its stake in Texas Instruments by 7.6% during the 4th quarter. Rockline Wealth Management LLC now owns 13,245 shares of the semiconductor company’s stock valued at $2,484,000 after purchasing an additional 937 shares during the last quarter. Institutional investors own 84.99% of the company’s stock.

Texas Instruments Trading Down 0.2 %

Shares of Texas Instruments stock opened at $180.56 on Wednesday. Texas Instruments Incorporated has a fifty-two week low of $155.46 and a fifty-two week high of $220.38. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.88 and a current ratio of 4.12. The company has a market capitalization of $164.71 billion, a P/E ratio of 34.79, a P/E/G ratio of 2.94 and a beta of 0.97. The company has a fifty day moving average of $191.25 and a 200 day moving average of $198.57.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings data on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.10. Texas Instruments had a return on equity of 28.08% and a net margin of 30.68%. During the same period last year, the business earned $1.49 earnings per share. On average, sell-side analysts anticipate that Texas Instruments Incorporated will post 5.42 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The business also recently announced 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 annualized dividend and a dividend yield of 3.01%. The ex-dividend date of this dividend is Friday, January 31st. Texas Instruments’s dividend payout ratio (DPR) is presently 104.82%.

Insider Buying and Selling

In related news, Director Ronald Kirk sold 10,539 shares of the business’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 sale, the director now directly owns 14,323 shares in the company, valued at approximately $2,912,295.59. The trade was a 42.39 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.68% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

TXN has been the subject of several recent analyst reports. Susquehanna decreased their price target on Texas Instruments from $250.00 to $240.00 and set a “positive” rating for the company in a research note on Monday, October 21st. Summit Insights upgraded shares of Texas Instruments from a “hold” rating to a “buy” rating in a research note on Wednesday, October 23rd. Barclays dropped their price target on shares of Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating on the stock in a report on Friday, January 24th. Wells Fargo & Company lowered their price objective 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, January 13th. Finally, Morgan Stanley lifted their target price on shares of Texas Instruments from $154.00 to $167.00 and gave the stock an “underweight” rating in a research report on Wednesday, October 23rd. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, Texas Instruments has an average rating of “Hold” and a consensus price target of $209.20.

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.