Tyche Wealth Partners LLC Acquires New Shares in Texas Instruments Incorporated (NASDAQ:TXN)

Tyche Wealth Partners LLC acquired a new stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 17,001 shares of the semiconductor company’s stock, valued at approximately $2,898,000.

Several other institutional investors also recently modified their holdings of TXN. Annapolis Financial Services LLC raised its stake in shares of Texas Instruments by 333.3% in the third quarter. Annapolis Financial Services LLC now owns 156 shares of the semiconductor company’s stock worth $25,000 after buying an additional 120 shares during the period. Briaud Financial Planning Inc bought a new stake in Texas Instruments during the 3rd quarter valued at approximately $25,000. Tennessee Valley Asset Management Partners bought a new stake in Texas Instruments during the 4th quarter valued at approximately $25,000. Life Planning Partners Inc bought a new stake in Texas Instruments during the 4th quarter valued at approximately $26,000. Finally, Riverview Trust Co raised its stake in Texas Instruments by 57.4% during the 3rd quarter. Riverview Trust Co now owns 181 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 66 shares during the period. 84.99% of the stock is owned by hedge funds and other institutional investors.

Texas Instruments Stock Up 0.7 %

Shares of TXN stock traded up $1.24 during mid-day trading on Tuesday, hitting $167.59. The stock had a trading volume of 3,389,018 shares, compared to its average volume of 5,484,493. The firm’s 50-day moving average is $167.76 and its two-hundred day moving average is $161.62. Texas Instruments Incorporated has a 12-month low of $139.48 and a 12-month high of $188.12. The firm has a market capitalization of $152.52 billion, a P/E ratio of 23.79, a price-to-earnings-growth ratio of 3.58 and a beta of 1.04. The company has a debt-to-equity ratio of 0.63, a current ratio of 4.55 and a quick ratio of 3.35.

Texas Instruments (NASDAQ:TXN) last announced its earnings results on Monday, January 22nd. The semiconductor company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.03. Texas Instruments had a return on equity of 39.96% and a net margin of 37.16%. The company had revenue of $4.08 billion for the quarter, compared to analyst estimates of $4.12 billion. During the same period in the prior year, the company posted $2.13 EPS. The firm’s quarterly revenue was down 12.7% compared to the same quarter last year. On average, analysts predict that Texas Instruments Incorporated will post 5.16 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 13th. Investors of record on Wednesday, January 31st were given a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 3.10%. The ex-dividend date of this dividend was Tuesday, January 30th. Texas Instruments’s dividend payout ratio is currently 73.65%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Susquehanna reduced their price objective on Texas Instruments from $205.00 to $200.00 and set a “positive” rating on the stock in a research note on Wednesday, January 24th. Barclays reduced their price objective on Texas Instruments from $160.00 to $150.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 24th. Evercore ISI began coverage on Texas Instruments in a research note on Tuesday. They issued an “outperform” rating and a $213.00 price objective on the stock. KeyCorp lifted their target price on Texas Instruments from $180.00 to $200.00 and gave the stock an “overweight” rating in a report on Wednesday, January 24th. Finally, TD Cowen lifted their target price on Texas Instruments from $145.00 to $160.00 and gave the stock a “market perform” rating in a report on Wednesday, January 24th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat, Texas Instruments has an average rating of “Hold” and a consensus target price of $176.68.

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, Director Mark A. Blinn sold 1,744 shares of the business’s stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $159.85, for a total transaction of $278,778.40. Following the sale, the director now owns 11,693 shares in the company, valued at approximately $1,869,126.05. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.68% of the company’s stock.

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.