Texas Instruments Incorporated (NASDAQ:TXN) Shares Bought by Wynn Capital LLC

Wynn Capital LLC lifted its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 2.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,300 shares of the semiconductor company’s stock after purchasing an additional 146 shares during the quarter. Wynn Capital LLC’s holdings in Texas Instruments were worth $994,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in TXN. Tealwood Asset Management Inc. boosted its holdings in shares of Texas Instruments by 1.8% in the 4th quarter. Tealwood Asset Management Inc. now owns 12,079 shares of the semiconductor company’s stock valued at $2,265,000 after purchasing an additional 219 shares during the last quarter. Miracle Mile Advisors LLC increased its stake in Texas Instruments by 28.0% during the fourth quarter. Miracle Mile Advisors LLC now owns 12,587 shares of the semiconductor company’s stock worth $2,360,000 after acquiring an additional 2,757 shares during the last quarter. Sunflower Bank N.A. acquired a new position in shares of Texas Instruments in the 4th quarter valued at about $226,000. Davis Investment Partners LLC purchased a new stake in shares of Texas Instruments during the 4th quarter worth about $211,000. Finally, Eastern Bank increased its position in Texas Instruments by 6.2% during the 4th quarter. Eastern Bank now owns 3,714 shares of the semiconductor company’s stock worth $696,000 after purchasing an additional 218 shares in the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.

Texas Instruments Price Performance

Shares of NASDAQ:TXN opened at $193.50 on Wednesday. The company has a market cap of $176.51 billion, a PE ratio of 35.97, a P/E/G ratio of 4.19 and a beta of 0.98. Texas Instruments Incorporated has a fifty-two week low of $155.46 and a fifty-two week high of $220.38. The firm has a 50-day simple moving average of $196.30 and a 200 day simple moving average of $199.76. The company has a quick ratio of 3.14, a current ratio of 4.31 and a debt-to-equity ratio of 0.74.

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

Texas Instruments Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st were given a dividend of $1.36 per share. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $5.44 annualized dividend and a dividend yield of 2.81%. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.30. Texas Instruments’s dividend payout ratio is currently 101.12%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on TXN. Wells Fargo & Company dropped their price objective on shares of Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating for the company in a research report on Monday. Truist Financial lowered their price target on shares of Texas Instruments from $198.00 to $190.00 and set a “hold” rating for the company in a report on Wednesday, October 23rd. Cantor Fitzgerald reiterated a “neutral” rating and issued a $200.00 price objective on shares of Texas Instruments in a report on Wednesday, October 23rd. Morgan Stanley lifted their target price on Texas Instruments from $154.00 to $167.00 and gave the stock an “underweight” rating in a research report on Wednesday, October 23rd. Finally, Bank of America reduced their price target on Texas Instruments from $220.00 to $215.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $209.71.

Insider Buying and Selling

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