Sierra Ocean LLC Buys New Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Sierra Ocean LLC bought a new stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) in the fourth quarter, Holdings Channel.com reports. The institutional investor bought 440 shares of the semiconductor company’s stock, valued at approximately $83,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Valmark Advisers Inc. raised its holdings in shares of Texas Instruments by 5.5% in the fourth quarter. Valmark Advisers Inc. now owns 2,360 shares of the semiconductor company’s stock worth $443,000 after buying an additional 122 shares during the last quarter. L.M. Kohn & Company raised its holdings in shares of Texas Instruments by 4.2% in the fourth quarter. L.M. Kohn & Company now owns 1,601 shares of the semiconductor company’s stock worth $300,000 after buying an additional 64 shares during the last quarter. Strategic Financial Concepts LLC purchased a new position in shares of Texas Instruments in the fourth quarter worth $23,569,000. Principal Securities Inc. raised its holdings in shares of Texas Instruments by 16.5% in the fourth quarter. Principal Securities Inc. now owns 16,849 shares of the semiconductor company’s stock worth $3,159,000 after buying an additional 2,387 shares during the last quarter. Finally, bLong Financial LLC purchased a new position in shares of Texas Instruments in the fourth quarter worth $263,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Texas Instruments Stock Up 1.2 %

Shares of NASDAQ TXN opened at $183.03 on Monday. The company’s 50-day simple moving average is $188.18 and its 200-day simple moving average is $197.36. Texas Instruments Incorporated has a 52-week low of $158.90 and a 52-week high of $220.38. The firm has a market cap of $166.96 billion, a price-to-earnings ratio of 35.27, a price-to-earnings-growth ratio of 2.95 and a beta of 0.97. The company has a quick ratio of 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76.

Texas Instruments (NASDAQ:TXN) last announced its earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.10. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. During the same period last year, the business earned $1.49 EPS. Equities analysts predict that Texas Instruments Incorporated will post 5.38 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st were paid a $1.36 dividend. This represents a $5.44 annualized dividend and a dividend yield of 2.97%. The ex-dividend date of this dividend was Friday, January 31st. Texas Instruments’s dividend payout ratio is currently 104.82%.

Insider Transactions at Texas Instruments

In other news, Director Ronald Kirk sold 10,539 shares of the firm’s stock in a transaction dated 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 transaction, 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 transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Mark A. Blinn sold 590 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $180.71, for a total transaction of $106,618.90. Following the completion of the transaction, the director now directly owns 11,717 shares in the company, valued at approximately $2,117,379.07. This represents a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.68% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on TXN. Mizuho decreased their price target on shares of Texas Instruments from $200.00 to $190.00 and set a “neutral” rating for the company in a report on Friday, January 24th. Truist Financial cut 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 increased their price objective 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 upgraded shares of Texas Instruments from a “hold” rating to a “buy” rating in a research note on Wednesday, October 23rd. Finally, Bank of America cut 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 note on Wednesday, October 23rd. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $209.20.

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.