Howard Capital Management Inc. Raises Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Howard Capital Management Inc. increased its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 3.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,429 shares of the semiconductor company’s stock after purchasing an additional 908 shares during the quarter. Howard Capital Management Inc.’s holdings in Texas Instruments were worth $5,143,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Wealthspire Advisors LLC raised its stake in Texas Instruments by 6.4% in the fourth quarter. Wealthspire Advisors LLC now owns 7,474 shares of the semiconductor company’s stock valued at $1,402,000 after buying an additional 452 shares during the last quarter. TCW Group Inc. raised its stake in Texas Instruments by 0.7% in the fourth quarter. TCW Group Inc. now owns 48,761 shares of the semiconductor company’s stock valued at $9,143,000 after buying an additional 321 shares during the last quarter. First Horizon Advisors Inc. raised its stake in Texas Instruments by 3.4% in the fourth quarter. First Horizon Advisors Inc. now owns 115,533 shares of the semiconductor company’s stock valued at $21,664,000 after buying an additional 3,807 shares during the last quarter. Pinnacle Financial Partners Inc raised its stake in Texas Instruments by 5.8% in the fourth quarter. Pinnacle Financial Partners Inc now owns 11,789 shares of the semiconductor company’s stock valued at $2,218,000 after buying an additional 644 shares during the last quarter. Finally, Callan Capital LLC raised its stake in Texas Instruments by 9.2% in the fourth quarter. Callan Capital LLC now owns 3,589 shares of the semiconductor company’s stock valued at $673,000 after buying an additional 301 shares during the last quarter. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Texas Instruments news, Director Mark A. Blinn sold 590 shares of Texas Instruments stock in a transaction on Tuesday, February 4th. The stock was 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 in the company, valued at $2,117,379.07. The trade was a 4.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ronald Kirk sold 10,539 shares of Texas Instruments stock in a transaction 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 owns 14,323 shares in the company, valued at $2,912,295.59. This represents a 42.39 % decrease in their position. The disclosure for this sale can be found here. 0.68% of the stock is currently owned by company insiders.

Texas Instruments Stock Down 1.0 %

Shares of TXN opened at $202.00 on Friday. The company has a current ratio of 4.12, a quick ratio of 2.88 and a debt-to-equity ratio of 0.76. Texas Instruments Incorporated has a 12 month low of $159.11 and a 12 month high of $220.38. The stock’s 50 day moving average is $188.44 and its two-hundred day moving average is $197.49. The firm has a market cap of $183.89 billion, a P/E ratio of 38.92, a PEG ratio of 3.30 and a beta of 0.97.

Texas Instruments (NASDAQ:TXN) last released its earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share for the quarter, beating 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 period in the prior year, the firm earned $1.49 EPS. Analysts predict that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Friday, January 31st were given a dividend of $1.36 per share. The ex-dividend date of this dividend was Friday, January 31st. This represents a $5.44 dividend on an annualized basis and a yield of 2.69%. Texas Instruments’s payout ratio is 104.82%.

Analyst Ratings Changes

A number of research firms have commented on TXN. Benchmark reiterated a “buy” rating and issued a $230.00 price target on shares of Texas Instruments in a research note on Friday, January 24th. Barclays reduced their price objective on Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating for the company in a research note on Friday, January 24th. Truist Financial reduced their price objective on Texas Instruments from $199.00 to $195.00 and set a “hold” rating for the company in a research note on Friday, January 24th. Wells Fargo & Company reduced their price objective on Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. Finally, Mizuho reduced their price objective on Texas Instruments from $200.00 to $190.00 and set a “neutral” rating for the company in a research note on Friday, January 24th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average 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.