Patriot Financial Group Insurance Agency LLC Boosts Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Patriot Financial Group Insurance Agency LLC grew its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 3.8% in the 4th quarter, HoldingsChannel reports. The firm owned 3,993 shares of the semiconductor company’s stock after acquiring an additional 145 shares during the quarter. Patriot Financial Group Insurance Agency LLC’s holdings in Texas Instruments were worth $749,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Retirement Wealth Solutions LLC bought a new position in Texas Instruments during the fourth quarter valued at $27,000. MidAtlantic Capital Management Inc. purchased a new position in shares of Texas Instruments during the 3rd quarter valued at $28,000. Tsfg LLC grew its stake in shares of Texas Instruments by 82.0% during the 3rd quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock worth $38,000 after acquiring an additional 82 shares during the period. Capital Performance Advisors LLP purchased a new stake in Texas Instruments in the 3rd quarter worth about $39,000. Finally, FSA Wealth Management LLC bought a new stake in Texas Instruments in the 3rd quarter valued at about $41,000. 84.99% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on TXN. Wells Fargo & Company cut their target price 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, January 13th. Mizuho reduced their price objective on shares of Texas Instruments from $200.00 to $190.00 and set a “neutral” rating for the company in a research note on Friday, January 24th. Morgan Stanley boosted their target price on shares of Texas Instruments from $154.00 to $167.00 and gave the company an “underweight” rating in a report on Wednesday, October 23rd. Truist Financial cut their price target on Texas Instruments from $199.00 to $195.00 and set a “hold” rating for the company in a report on Friday, January 24th. Finally, Barclays decreased their price objective on Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating on the stock in a research note on Friday, January 24th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $209.20.

Insider Activity at Texas Instruments

In other Texas Instruments news, Director Ronald Kirk sold 10,539 shares of the company’s 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 sale, the director now directly owns 14,323 shares in the company, valued at $2,912,295.59. This represents a 42.39 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.68% of the stock is owned by insiders.

Texas Instruments Trading Down 3.5 %

NASDAQ TXN opened at $180.57 on Wednesday. The stock’s 50-day simple moving average is $192.97 and its two-hundred day simple moving average is $199.34. Texas Instruments Incorporated has a twelve month low of $155.46 and a twelve month high of $220.38. The company has a quick ratio of 3.14, a current ratio of 4.31 and a debt-to-equity ratio of 0.74. The company has a market capitalization of $164.72 billion, a price-to-earnings ratio of 33.56, a PEG ratio of 3.84 and a beta of 0.98.

Texas Instruments (NASDAQ:TXN) last released its earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.10. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. During the same period in the prior year, the business posted $1.49 earnings per share. Research analysts forecast that Texas Instruments Incorporated will post 5.08 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st will be paid a $1.36 dividend. The ex-dividend date is Friday, January 31st. This represents a $5.44 dividend on an annualized basis and a dividend yield of 3.01%. Texas Instruments’s dividend payout ratio (DPR) is 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.