Atlas Legacy Advisors LLC Acquires Shares of 2,569 Texas Instruments Incorporated (NASDAQ:TXN)

Atlas Legacy Advisors LLC bought a new stake in Texas Instruments Incorporated (NASDAQ:TXN) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 2,569 shares of the semiconductor company’s stock, valued at approximately $482,000.

Several other institutional investors and hedge funds also recently made changes to their positions in TXN. Howard Capital Management Group LLC acquired a new position in Texas Instruments during the 3rd quarter worth $202,000. Raleigh Capital Management Inc. grew its stake in Texas Instruments by 13.3% in the third quarter. Raleigh Capital Management Inc. now owns 553 shares of the semiconductor company’s stock worth $114,000 after purchasing an additional 65 shares in the last quarter. Foundations Investment Advisors LLC grew its stake in Texas Instruments by 31.0% in the third quarter. Foundations Investment Advisors LLC now owns 6,473 shares of the semiconductor company’s stock worth $1,337,000 after purchasing an additional 1,531 shares in the last quarter. Krane Funds Advisors LLC increased its holdings in Texas Instruments by 10.8% in the third quarter. Krane Funds Advisors LLC now owns 2,959 shares of the semiconductor company’s stock valued at $611,000 after buying an additional 288 shares during the last quarter. Finally, Maple Capital Management Inc. lifted its holdings in Texas Instruments by 4.2% during the 3rd quarter. Maple Capital Management Inc. now owns 215,378 shares of the semiconductor company’s stock worth $44,491,000 after buying an additional 8,675 shares during the last quarter. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TXN has been the subject of a number of research analyst reports. Rosenblatt Securities reiterated a “buy” rating and issued a $250.00 price target on shares of Texas Instruments in a report on Tuesday, January 21st. Wells Fargo & Company dropped their target price on shares of Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $200.00 price target on shares of Texas Instruments in a report on Friday, January 24th. Morgan Stanley increased their price objective on shares of Texas Instruments from $154.00 to $167.00 and gave the stock an “underweight” rating in a research note on Wednesday, October 23rd. Finally, Evercore ISI lifted their target price on Texas Instruments from $268.00 to $298.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $209.20.

Texas Instruments Stock Performance

TXN stock opened at $186.46 on Wednesday. The company has a 50-day simple moving average of $187.90 and a 200 day simple moving average of $197.23. The company has a market capitalization of $170.09 billion, a P/E ratio of 35.93, a PEG ratio of 2.96 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 Incorporated has a fifty-two week low of $159.11 and a fifty-two week high of $220.38.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results 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 net margin of 30.68% and a return on equity of 28.08%. During the same period last year, the company posted $1.49 earnings per share. Sell-side analysts predict that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The company also recently disclosed 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 dividend on an annualized basis and a dividend yield of 2.92%. The ex-dividend date was Friday, January 31st. Texas Instruments’s dividend payout ratio is presently 104.82%.

Insider Activity

In other Texas Instruments 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 transaction, the director now 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 SEC, which can be accessed through this hyperlink. Also, Director Mark A. Blinn sold 590 shares of the stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $180.71, for a total value of $106,618.90. Following the sale, the director now owns 11,717 shares of the company’s stock, valued at $2,117,379.07. This trade represents a 4.79 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.68% of the company’s stock.

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.