Choreo LLC Purchases 15,260 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Choreo LLC grew its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 47.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 47,104 shares of the semiconductor company’s stock after acquiring an additional 15,260 shares during the quarter. Choreo LLC’s holdings in Texas Instruments were worth $8,849,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. MidAtlantic Capital Management Inc. purchased a new stake in shares of Texas Instruments in the 3rd quarter worth $28,000. Financial Life Planners purchased a new stake in shares of Texas Instruments in the fourth quarter worth about $26,000. Retirement Wealth Solutions LLC acquired a new stake in shares of Texas Instruments in the fourth quarter valued at approximately $27,000. Tsfg LLC increased its stake in Texas Instruments by 82.0% during the third quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock worth $38,000 after acquiring an additional 82 shares during the last quarter. Finally, Capital Performance Advisors LLP acquired a new stake in shares of Texas Instruments during the third quarter valued at about $39,000. 84.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on TXN. Cantor Fitzgerald reiterated a “neutral” rating and issued a $200.00 price target on shares of Texas Instruments in a research note on Friday, January 24th. Truist Financial dropped their price objective on shares of Texas Instruments from $199.00 to $195.00 and set a “hold” rating on the stock in a research note on Friday, January 24th. Evercore ISI upped their price target on shares of Texas Instruments from $268.00 to $298.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Summit Insights raised shares of Texas Instruments from a “hold” rating to a “buy” rating in a research note on Wednesday, October 23rd. Finally, Bank of America decreased their price objective on shares of Texas Instruments from $220.00 to $215.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 23rd. Two investment 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.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $209.20.

Insider Activity at Texas Instruments

In related news, Director Ronald Kirk sold 10,539 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $203.33, for a total transaction of $2,142,894.87. Following the completion of the sale, the director now directly owns 14,323 shares of the company’s stock, valued at approximately $2,912,295.59. This trade represents a 42.39 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.68% of the stock is owned by corporate insiders.

Texas Instruments Trading Down 0.2 %

NASDAQ TXN opened at $180.56 on Wednesday. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.12 and a quick ratio of 2.88. The stock’s 50-day moving average is $190.84 and its 200-day moving average is $198.44. The firm has a market cap 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. 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 Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share for the quarter, topping the consensus estimate 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 quarter in the previous year, the company posted $1.49 earnings per share. 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 company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 11th. Investors of record on Friday, January 31st will be given a dividend of $1.36 per share. The ex-dividend date of this dividend is Friday, January 31st. This represents a $5.44 dividend on an annualized basis and a yield of 3.01%. Texas Instruments’s dividend payout ratio is currently 104.82%.

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.