Barlow Wealth Partners Inc. Purchases New Position in Texas Instruments Incorporated (NASDAQ:TXN)

Barlow Wealth Partners Inc. acquired a new position in shares of Texas Instruments Incorporated (NASDAQ:TXN) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 1,407 shares of the semiconductor company’s stock, valued at approximately $240,000.

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

Texas Instruments Stock Performance

NASDAQ:TXN traded up $1.00 during midday trading on Tuesday, hitting $182.67. The company’s stock had a trading volume of 5,152,711 shares, compared to its average volume of 5,667,921. Texas Instruments Incorporated has a fifty-two week low of $139.48 and a fifty-two week 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 firm has a market cap of $166.32 billion, a P/E ratio of 28.50, a P/E/G ratio of 3.81 and a beta of 1.01. The firm’s 50 day moving average is $171.38 and its 200-day moving average is $163.58.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings data on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.13. The firm had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.61 billion. Texas Instruments had a net margin of 35.16% and a return on equity of 35.28%. The business’s quarterly revenue was down 16.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.85 earnings per share. Equities analysts anticipate that Texas Instruments Incorporated will post 5.21 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The business 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 $1.30 dividend. The ex-dividend date is Tuesday, May 7th. This represents a $5.20 annualized dividend and a yield of 2.85%. Texas Instruments’s dividend payout ratio is presently 81.12%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on TXN shares. KeyCorp boosted their target price on shares of Texas Instruments from $180.00 to $200.00 and gave the stock an “overweight” rating in a report on Wednesday, January 24th. Truist Financial raised their target price on shares of Texas Instruments from $165.00 to $167.00 and gave the company a “hold” rating in a research note on Wednesday, April 24th. Benchmark reaffirmed a “buy” rating and set a $210.00 price target on shares of Texas Instruments in a research report on Wednesday, April 24th. TD Cowen increased their price objective on Texas Instruments from $160.00 to $175.00 and gave the company a “hold” rating in a report on Wednesday, April 24th. Finally, Stifel Nicolaus boosted their target price on Texas Instruments from $160.00 to $172.00 and gave the stock a “hold” rating 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. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $180.74.

Insider Activity

In other Texas Instruments news, Director Pamela H. Patsley sold 9,990 shares of Texas Instruments stock in a transaction on Monday, April 29th. The shares were sold at an average price of $179.12, for a total value of $1,789,408.80. Following the completion of the transaction, the director now owns 33,348 shares of the company’s stock, valued at $5,973,293.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Robert E. Sanchez sold 10,539 shares of Texas Instruments stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $174.97, for a total value of $1,844,008.83. Following the sale, the director now owns 20,461 shares of the company’s stock, valued at approximately $3,580,061.17. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Pamela H. Patsley sold 9,990 shares of the company’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $179.12, for a total transaction of $1,789,408.80. Following the transaction, the director now owns 33,348 shares of the company’s stock, valued at $5,973,293.76. The disclosure for this sale can be found here. Insiders sold a total of 328,969 shares of company stock valued at $58,427,984 in the last three months. 0.68% of the stock is currently owned by corporate 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.