VCI Wealth Management LLC Acquires New Stake in Texas Instruments Incorporated (NASDAQ:TXN)

VCI Wealth Management LLC bought a new position in Texas Instruments Incorporated (NASDAQ:TXN) during the fourth quarter, HoldingsChannel.com reports. The fund bought 6,459 shares of the semiconductor company’s stock, valued at approximately $1,101,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Texas Instruments by 0.5% during the third quarter. Vanguard Group Inc. now owns 88,862,201 shares of the semiconductor company’s stock valued at $14,129,979,000 after purchasing an additional 458,853 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Texas Instruments by 4.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 18,893,821 shares of the semiconductor company’s stock valued at $2,986,123,000 after purchasing an additional 839,964 shares during the period. Morgan Stanley boosted its stake in shares of Texas Instruments by 14.2% during the third quarter. Morgan Stanley now owns 14,154,358 shares of the semiconductor company’s stock valued at $2,250,685,000 after purchasing an additional 1,755,582 shares during the period. Northern Trust Corp boosted its stake in shares of Texas Instruments by 2.9% during the third quarter. Northern Trust Corp now owns 11,095,428 shares of the semiconductor company’s stock valued at $1,764,284,000 after purchasing an additional 315,302 shares during the period. Finally, California Public Employees Retirement System boosted its stake in shares of Texas Instruments by 33.2% during the fourth quarter. California Public Employees Retirement System now owns 6,035,704 shares of the semiconductor company’s stock valued at $1,028,846,000 after purchasing an additional 1,502,989 shares during the period. 84.99% of the stock is currently owned by institutional investors.

Insider Activity at Texas Instruments

In other Texas Instruments news, Director Mark A. Blinn sold 1,744 shares of the company’s stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $159.85, for a total value 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 legal filing with the SEC, which is available at the SEC website. 0.68% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

TXN has been the subject of several recent research reports. Benchmark restated a “buy” rating and issued a $210.00 price objective on shares of Texas Instruments in a report on Wednesday. The Goldman Sachs Group lifted their price objective on Texas Instruments from $137.00 to $157.00 and gave the company a “sell” rating in a report on Wednesday. Cantor Fitzgerald restated a “neutral” rating and issued a $180.00 price objective on shares of Texas Instruments in a report on Wednesday. Truist Financial lifted their price objective on Texas Instruments from $165.00 to $167.00 and gave the company a “hold” rating in a report on Wednesday. Finally, Oppenheimer restated a “market perform” rating on shares of Texas Instruments in a report on Wednesday. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $180.74.

Texas Instruments Stock Up 0.3 %

Shares of TXN traded up $0.44 during mid-day trading on Thursday, hitting $175.25. 9,129,091 shares of the company traded hands, compared to its average volume of 5,711,318. Texas Instruments Incorporated has a 1-year low of $139.48 and a 1-year high of $188.12. The company has a quick ratio of 3.35, a current ratio of 4.55 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $159.49 billion, a PE ratio of 27.28, a price-to-earnings-growth ratio of 3.56 and a beta of 1.04. The business has a 50 day moving average of $168.66 and a 200 day moving average of $161.99.

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, beating the consensus estimate of $1.07 by $0.13. Texas Instruments had a net margin of 35.16% and a return on equity of 35.54%. The firm had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $3.61 billion. During the same quarter in the prior year, the company posted $1.85 earnings per share. The company’s revenue for the quarter was down 16.4% compared to the same quarter last year. Equities research analysts anticipate that Texas Instruments Incorporated will post 5.16 EPS for the current year.

Texas Instruments Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 21st. Investors of record on Wednesday, May 8th will be given a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 2.97%. Texas Instruments’s dividend 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.