Annex Advisory Services LLC Buys 123 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Annex Advisory Services LLC grew its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 1.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 7,190 shares of the semiconductor company’s stock after acquiring an additional 123 shares during the quarter. Annex Advisory Services LLC’s holdings in Texas Instruments were worth $1,348,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Pacer Advisors Inc. lifted its holdings in shares of Texas Instruments by 3.0% during the second quarter. Pacer Advisors Inc. now owns 108,216 shares of the semiconductor company’s stock worth $21,051,000 after purchasing an additional 3,178 shares during the period. Thrivent Financial for Lutherans lifted its holdings in shares of Texas Instruments by 25.4% during the second quarter. Thrivent Financial for Lutherans now owns 73,210 shares of the semiconductor company’s stock worth $14,241,000 after purchasing an additional 14,828 shares during the period. Fidelis Capital Partners LLC lifted its holdings in shares of Texas Instruments by 4.8% during the second quarter. Fidelis Capital Partners LLC now owns 4,119 shares of the semiconductor company’s stock worth $758,000 after purchasing an additional 187 shares during the period. Itau Unibanco Holding S.A. acquired a new stake in shares of Texas Instruments during the second quarter worth about $375,000. Finally, DRW Securities LLC lifted its holdings in shares of Texas Instruments by 303.1% during the second quarter. DRW Securities LLC now owns 6,950 shares of the semiconductor company’s stock worth $1,352,000 after purchasing an additional 5,226 shares during the period. Institutional investors and hedge funds own 84.99% of the company’s stock.

Insiders Place Their Bets

In other news, Director Robert E. Sanchez sold 9,990 shares of the company’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $208.80, for a total value of $2,085,912.00. Following the transaction, the director now owns 20,461 shares of the company’s stock, valued at $4,272,256.80. This represents a 32.81 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Ronald Kirk sold 10,539 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $203.33, for a total value of $2,142,894.87. Following the completion of the transaction, the director now directly owns 14,323 shares in the company, valued at approximately $2,912,295.59. This trade represents a 42.39 % decrease in their position. The disclosure for this sale can be found here. 0.68% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms recently commented on TXN. Truist Financial decreased their target price on Texas Instruments from $198.00 to $190.00 and set a “hold” rating for the company in a report on Wednesday, October 23rd. Wells Fargo & Company reduced their price target on Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating for the company in a research report on Monday, January 13th. Robert W. Baird reduced their price target on Texas Instruments from $200.00 to $175.00 and set a “neutral” rating for the company in a research report on Wednesday, October 23rd. Morgan Stanley lifted their price target on Texas Instruments from $154.00 to $167.00 and gave the company an “underweight” rating in a research report on Wednesday, October 23rd. Finally, Mizuho set a $200.00 price target on Texas Instruments in a research report on Friday, October 18th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Texas Instruments presently has a consensus rating of “Hold” and an average price target of $210.45.

Texas Instruments Stock Up 2.7 %

Shares of TXN opened at $192.42 on Tuesday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 3.14 and a current ratio of 4.31. Texas Instruments Incorporated has a one year low of $155.46 and a one year high of $220.38. The stock has a market capitalization of $175.53 billion, a price-to-earnings ratio of 35.77, a PEG ratio of 3.69 and a beta of 0.98. The stock has a 50 day moving average price of $194.79 and a 200 day moving average price of $199.65.

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

Texas Instruments Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st will be paid a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date of this dividend is Friday, January 31st. Texas Instruments’s dividend payout ratio (DPR) is currently 101.12%.

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.