LVM Capital Management Ltd. MI Buys New Stake in Texas Instruments Incorporated (NASDAQ:TXN)

LVM Capital Management Ltd. MI purchased a new position in shares of Texas Instruments Incorporated (NASDAQ:TXN) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,193 shares of the semiconductor company’s stock, valued at approximately $224,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. MidAtlantic Capital Management Inc. purchased a new stake in Texas Instruments during the 3rd quarter worth approximately $28,000. Tsfg LLC grew its stake in shares of Texas Instruments by 82.0% in the third quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock worth $38,000 after acquiring an additional 82 shares in the last quarter. Capital Performance Advisors LLP purchased a new stake in shares of Texas Instruments during the third quarter worth $39,000. FSA Wealth Management LLC acquired a new stake in shares of Texas Instruments in the third quarter valued at $41,000. Finally, McClarren Financial Advisors Inc. purchased a new position in Texas Instruments in the third quarter valued at $43,000. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Texas Instruments Stock Down 0.8 %

TXN stock opened at $190.15 on Friday. Texas Instruments Incorporated has a 12 month low of $155.46 and a 12 month high of $220.38. The company has a market cap of $173.46 billion, a price-to-earnings ratio of 35.34, a price-to-earnings-growth ratio of 4.19 and a beta of 0.98. The company has a fifty day moving average price of $196.73 and a 200 day moving average price of $199.70. The company has a debt-to-equity ratio of 0.74, a current ratio of 4.31 and a quick ratio of 3.14.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.09. The firm had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.12 billion. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. The company’s revenue for the quarter was down 8.4% on a year-over-year basis. During the same period last year, the company earned $1.80 earnings per share. Sell-side analysts expect that Texas Instruments Incorporated will post 5.08 earnings per share for the current year.

Texas Instruments Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Thursday, October 31st were issued a dividend of $1.36 per share. This is a boost from Texas Instruments’s previous quarterly dividend of $1.30. This represents a $5.44 annualized dividend and a yield of 2.86%. The ex-dividend date was Thursday, October 31st. Texas Instruments’s dividend payout ratio is currently 101.12%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on TXN shares. Evercore ISI upped their price target on Texas Instruments from $268.00 to $298.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Cantor Fitzgerald restated a “neutral” rating and set a $200.00 target price on shares of Texas Instruments in a research note on Wednesday, October 23rd. Truist Financial decreased their price target on shares of Texas Instruments from $198.00 to $190.00 and set a “hold” rating for the company in a research note on Wednesday, October 23rd. Bank of America dropped their price objective on shares of Texas Instruments from $220.00 to $215.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 23rd. Finally, Summit Insights raised shares of Texas Instruments from a “hold” rating to a “buy” rating in a research report on Wednesday, October 23rd. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, Texas Instruments currently has a consensus rating of “Hold” and an average target price of $210.05.

Insider Activity at Texas Instruments

In other Texas Instruments news, Director Robert E. Sanchez sold 9,990 shares of the firm’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $208.80, for a total value of $2,085,912.00. Following the completion of the sale, the director now owns 20,461 shares of the company’s stock, valued at approximately $4,272,256.80. This trade represents a 32.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ronald Kirk sold 10,539 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $203.33, for a total transaction of $2,142,894.87. Following the transaction, the director now owns 14,323 shares in the company, valued at $2,912,295.59. The trade was a 42.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.68% of the stock is owned by insiders.

About Texas Instruments

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.