Texas Instruments Incorporated (NASDAQ:TXN) Shares Bought by Fortis Group Advisors LLC

Fortis Group Advisors LLC increased its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 100.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 196 shares of the semiconductor company’s stock after buying an additional 98 shares during the period. Fortis Group Advisors LLC’s holdings in Texas Instruments were worth $33,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in TXN. Royal London Asset Management Ltd. increased its position in Texas Instruments by 1.0% during the 4th quarter. Royal London Asset Management Ltd. now owns 2,116,207 shares of the semiconductor company’s stock worth $360,729,000 after purchasing an additional 20,894 shares in the last quarter. Creekmur Asset Management LLC acquired a new position in Texas Instruments in the 4th quarter valued at $41,000. Scarborough Advisors LLC purchased a new position in shares of Texas Instruments during the 4th quarter worth $26,000. Tortoise Investment Management LLC lifted its stake in shares of Texas Instruments by 32.3% during the 4th quarter. Tortoise Investment Management LLC now owns 1,086 shares of the semiconductor company’s stock worth $185,000 after purchasing an additional 265 shares during the period. Finally, Syon Capital LLC grew its position in shares of Texas Instruments by 22.8% in the fourth quarter. Syon Capital LLC now owns 6,122 shares of the semiconductor company’s stock valued at $1,044,000 after purchasing an additional 1,135 shares during the period. 84.99% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Texas Instruments

In other news, Director Robert E. Sanchez sold 10,539 shares of Texas Instruments 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 of the company’s stock, valued at approximately $3,580,061.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Director Robert E. Sanchez sold 10,539 shares of the firm’s stock in a transaction that occurred 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 sale, the director now owns 20,461 shares of the company’s stock, valued at approximately $3,580,061.17. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Pamela H. Patsley sold 9,990 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $179.12, for a total value of $1,789,408.80. Following the transaction, the director now owns 33,348 shares of the company’s stock, valued at approximately $5,973,293.76. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 328,969 shares of company stock valued at $58,427,984. Corporate insiders own 0.68% of the company’s stock.

Texas Instruments Stock Down 1.2 %

Shares of TXN stock traded down $2.38 during mid-day trading on Friday, reaching $193.90. 3,479,253 shares of the company were exchanged, compared to its average volume of 5,278,203. The company has a debt-to-equity ratio of 0.76, a quick ratio of 3.76 and a current ratio of 4.91. The business’s 50 day simple moving average is $184.81 and its 200 day simple moving average is $172.76. The company has a market capitalization of $176.54 billion, a P/E ratio of 30.25, a P/E/G ratio of 4.20 and a beta of 1.00. Texas Instruments Incorporated has a fifty-two week low of $139.48 and a fifty-two week high of $206.00.

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

Texas Instruments Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 21st. Stockholders of record on Wednesday, May 8th were issued a $1.30 dividend. The ex-dividend date was Tuesday, May 7th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.68%. Texas Instruments’s dividend payout ratio (DPR) is 81.12%.

Analyst Ratings Changes

TXN has been the topic of a number of research analyst reports. Oppenheimer reissued a “market perform” rating on shares of Texas Instruments in a research note on Wednesday, April 24th. Jefferies Financial Group downgraded shares of Texas Instruments from a “buy” rating to a “hold” rating and lowered their target price for the company from $200.00 to $175.00 in a report on Monday, May 13th. Rosenblatt Securities reaffirmed a “buy” rating and set a $210.00 price target on shares of Texas Instruments in a research note on Wednesday, April 24th. Truist Financial boosted their price target on Texas Instruments from $165.00 to $167.00 and gave the company a “hold” rating in a research report on Wednesday, April 24th. Finally, Susquehanna upped their price target on Texas Instruments from $200.00 to $205.00 and gave the stock a “positive” rating in a research note on Wednesday, April 24th. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $182.48.

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.