Connecticut Wealth Management LLC Buys 390 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Connecticut Wealth Management LLC increased its position in Texas Instruments Incorporated (NASDAQ:TXN) by 6.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,667 shares of the semiconductor company’s stock after buying an additional 390 shares during the quarter. Connecticut Wealth Management LLC’s holdings in Texas Instruments were worth $1,136,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Field & Main Bank lifted its stake in Texas Instruments by 10.4% during the 4th quarter. Field & Main Bank now owns 693 shares of the semiconductor company’s stock valued at $118,000 after acquiring an additional 65 shares during the period. Howard Financial Services LTD. raised its position in shares of Texas Instruments by 3.1% during the fourth quarter. Howard Financial Services LTD. now owns 2,177 shares of the semiconductor company’s stock valued at $371,000 after buying an additional 66 shares during the last quarter. Sandy Spring Bank grew its holdings in shares of Texas Instruments by 3.5% in the fourth quarter. Sandy Spring Bank now owns 1,934 shares of the semiconductor company’s stock valued at $330,000 after purchasing an additional 66 shares in the last quarter. Harbour Investments Inc. grew its holdings in shares of Texas Instruments by 2.1% in the third quarter. Harbour Investments Inc. now owns 3,197 shares of the semiconductor company’s stock valued at $508,000 after purchasing an additional 67 shares in the last quarter. Finally, Pinnacle Financial Partners Inc boosted its stake in Texas Instruments by 0.5% during the third quarter. Pinnacle Financial Partners Inc now owns 12,470 shares of the semiconductor company’s stock worth $1,983,000 after buying an additional 68 shares during the period. 84.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Morgan Stanley boosted their target price on shares of Texas Instruments from $138.00 to $146.00 and gave the stock an “underweight” rating in a report on Wednesday, January 24th. The Goldman Sachs Group upped their price objective on Texas Instruments from $137.00 to $157.00 and gave the stock a “sell” rating in a research report on Wednesday, April 24th. Robert W. Baird upped their target price on Texas Instruments from $125.00 to $175.00 and gave the stock a “neutral” rating in a research note on Thursday, April 25th. Rosenblatt Securities reissued a “buy” rating and issued a $210.00 price objective on shares of Texas Instruments in a research note on Wednesday, April 24th. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $180.00 target price on shares of Texas Instruments in a research note on Wednesday, April 24th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $180.74.

Texas Instruments Stock Up 1.8 %

Shares of NASDAQ TXN traded up $3.11 during trading on Friday, hitting $178.91. The stock had a trading volume of 4,545,090 shares, compared to its average volume of 6,059,944. Texas Instruments Incorporated has a 12 month low of $139.48 and a 12 month high of $188.12. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.91 and a quick ratio of 3.76. The company has a market capitalization of $162.89 billion, a PE ratio of 27.91, a PEG ratio of 3.81 and a beta of 1.01. The firm has a fifty day moving average of $170.68 and a two-hundred day moving average of $163.12.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.13. The firm had revenue of $3.66 billion for the quarter, compared to analysts’ expectations of $3.61 billion. Texas Instruments had a return on equity of 35.28% and a net margin of 35.16%. The company’s revenue was down 16.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.85 earnings per share. As a group, equities research analysts forecast that Texas Instruments Incorporated will post 5.21 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 21st. Shareholders of record on Wednesday, May 8th will be given a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 2.91%. The ex-dividend date of this dividend is Tuesday, May 7th. Texas Instruments’s dividend payout ratio is currently 81.12%.

Insider Buying and Selling at Texas Instruments

In other news, Chairman Richard K. Templeton sold 104,000 shares of the firm’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $178.68, for a total transaction of $18,582,720.00. Following the completion of the transaction, the chairman now directly owns 403,851 shares in the company, valued at $72,160,096.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Chairman Richard K. Templeton sold 104,000 shares of Texas Instruments stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $178.68, for a total value of $18,582,720.00. Following the completion of the sale, the chairman now directly owns 403,851 shares in the company, valued at approximately $72,160,096.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Robert E. Sanchez sold 10,539 shares of Texas Instruments stock in a transaction dated 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 completion of the sale, the director now owns 20,461 shares of the company’s stock, valued at $3,580,061.17. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 228,529 shares of company stock valued at $40,502,458. 0.68% of the stock is currently owned by company insiders.

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.