Texas Instruments Incorporated (NASDAQ:TXN) Shares Purchased by Parsons Capital Management Inc. RI

Parsons Capital Management Inc. RI raised its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 3.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,504 shares of the semiconductor company’s stock after acquiring an additional 321 shares during the quarter. Parsons Capital Management Inc. RI’s holdings in Texas Instruments were worth $1,782,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Retirement Wealth Solutions LLC acquired a new position in shares of Texas Instruments during the 4th quarter worth approximately $27,000. MidAtlantic Capital Management Inc. acquired a new stake in Texas Instruments during the 3rd quarter valued at $28,000. Tsfg LLC increased its position in Texas Instruments by 82.0% during the third quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock worth $38,000 after buying an additional 82 shares in the last quarter. Capital Performance Advisors LLP acquired a new position in shares of Texas Instruments in the third quarter worth $39,000. Finally, FSA Wealth Management LLC purchased a new stake in shares of Texas Instruments in the third quarter valued at $41,000. Institutional investors and hedge funds own 84.99% of the company’s stock.

Insider Activity at Texas Instruments

In related news, Director Ronald Kirk sold 10,539 shares of Texas Instruments stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $203.33, for a total value of $2,142,894.87. Following the completion of the transaction, the director now directly owns 14,323 shares in the company, 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 document filed with the Securities & Exchange Commission, which is accessible through this link. 0.68% of the stock is currently owned by corporate insiders.

Texas Instruments Stock Performance

NASDAQ:TXN opened at $187.03 on Tuesday. The firm has a 50-day moving average of $193.38 and a two-hundred day moving average of $199.43. The company has a debt-to-equity ratio of 0.74, a current ratio of 4.31 and a quick ratio of 3.14. The stock has a market cap of $170.61 billion, a P/E ratio of 34.76, a PEG ratio of 3.84 and a beta of 0.98. Texas Instruments Incorporated has a 1-year low of $155.46 and a 1-year high of $220.38.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.10. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. During the same period in the prior year, the company earned $1.49 earnings per share. On average, research analysts expect that Texas Instruments Incorporated will post 5.08 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 11th. Investors of record on Friday, January 31st will be paid a $1.36 dividend. The ex-dividend date is Friday, January 31st. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.91%. Texas Instruments’s dividend payout ratio (DPR) is presently 101.12%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on TXN. Robert W. Baird cut their target price on shares of Texas Instruments from $200.00 to $175.00 and set a “neutral” rating for the company in a research note on Wednesday, October 23rd. Cantor Fitzgerald reissued a “neutral” rating and issued a $200.00 price objective on shares of Texas Instruments in a research report on Friday. Barclays decreased their target price on shares of Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating on the stock in a research report on Friday. Mizuho cut their price target on Texas Instruments from $200.00 to $190.00 and set a “neutral” rating for the company in a report on Friday. Finally, Truist Financial decreased their price objective on Texas Instruments from $199.00 to $195.00 and set a “hold” rating on the stock in a report on Friday. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Texas Instruments has a consensus rating of “Hold” and a consensus target price 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.