MONECO Advisors LLC Takes $249,000 Position in Texas Instruments Incorporated (NASDAQ:TXN)

MONECO Advisors LLC bought a new stake in Texas Instruments Incorporated (NASDAQ:TXN) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,460 shares of the semiconductor company’s stock, valued at approximately $249,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Tennessee Valley Asset Management Partners acquired a new position in Texas Instruments in the 4th quarter valued at about $25,000. Life Planning Partners Inc acquired a new position in Texas Instruments in the 4th quarter valued at about $26,000. Richardson Financial Services Inc. acquired a new position in Texas Instruments in the 4th quarter valued at about $26,000. Scarborough Advisors LLC acquired a new position in Texas Instruments in the 4th quarter valued at about $26,000. Finally, Pacific Capital Wealth Advisors Inc. acquired a new position in Texas Instruments in the 4th quarter valued at about $31,000. Institutional investors and hedge funds own 84.99% of the company’s stock.

Insider Activity at Texas Instruments

In related news, Director Robert E. Sanchez sold 10,539 shares of Texas Instruments stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $174.97, for a total value of $1,844,008.83. Following the transaction, the director now owns 20,461 shares in the company, valued at $3,580,061.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Texas Instruments news, Director Pamela H. Patsley sold 9,990 shares of the firm’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $179.12, for a total value of $1,789,408.80. Following the transaction, the director now directly owns 33,348 shares of the company’s stock, valued at $5,973,293.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert E. Sanchez sold 10,539 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $174.97, for a total value of $1,844,008.83. Following the completion of the transaction, the director now directly owns 20,461 shares in the company, valued at $3,580,061.17. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 328,969 shares of company stock worth $58,427,984. 0.68% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Barclays boosted their price target on Texas Instruments from $150.00 to $190.00 and gave the company an “equal weight” rating in a research report on Monday, May 20th. Stifel Nicolaus boosted their target price on Texas Instruments from $160.00 to $172.00 and gave the stock a “hold” rating in a research report on Wednesday, April 24th. Oppenheimer reiterated a “market perform” rating on shares of Texas Instruments in a research report on Wednesday, April 24th. Susquehanna upped their price target on Texas Instruments from $200.00 to $205.00 and gave the stock a “positive” rating in a report on Wednesday, April 24th. Finally, Cantor Fitzgerald upped their price target on Texas Instruments from $180.00 to $210.00 and gave the stock a “neutral” rating in a report on Wednesday, May 15th. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $182.48.

Texas Instruments Trading Down 0.1 %

Shares of TXN stock traded down $0.28 during mid-day trading on Monday, hitting $193.62. 1,666,511 shares of the company’s stock were exchanged, compared to its average volume of 5,560,939. Texas Instruments Incorporated has a fifty-two week low of $139.48 and a fifty-two week high of $206.00. The stock has a 50-day simple moving average of $184.81 and a two-hundred day simple moving average of $172.76. The company has a quick ratio of 3.76, a current ratio of 4.91 and a debt-to-equity ratio of 0.76. The stock has a market cap of $176.29 billion, a price-to-earnings ratio of 30.25, a PEG ratio of 4.20 and a beta of 1.00.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.13. Texas Instruments had a return on equity of 35.28% and a net margin of 35.16%. The business had revenue of $3.66 billion for the quarter, compared to analysts’ expectations of $3.61 billion. During the same quarter last year, the firm earned $1.85 earnings per share. The business’s revenue was down 16.4% on a year-over-year basis. Equities analysts expect that Texas Instruments Incorporated will post 5.13 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 21st. Investors of record on Wednesday, May 8th were issued a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date was Tuesday, May 7th. Texas Instruments’s payout ratio is currently 81.12%.

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.