Advocate Group LLC Acquires 1,712 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Advocate Group LLC boosted its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 5.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 30,821 shares of the semiconductor company’s stock after buying an additional 1,712 shares during the period. Advocate Group LLC’s holdings in Texas Instruments were worth $5,254,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. AXQ Capital LP increased its position in shares of Texas Instruments by 64.3% during the third quarter. AXQ Capital LP now owns 4,600 shares of the semiconductor company’s stock valued at $731,000 after purchasing an additional 1,800 shares during the period. First National Bank of Mount Dora Trust Investment Services increased its position in shares of Texas Instruments by 0.4% during the fourth quarter. First National Bank of Mount Dora Trust Investment Services now owns 42,134 shares of the semiconductor company’s stock valued at $7,182,000 after purchasing an additional 155 shares during the period. Verdence Capital Advisors LLC increased its position in shares of Texas Instruments by 39.9% during the third quarter. Verdence Capital Advisors LLC now owns 8,405 shares of the semiconductor company’s stock valued at $1,336,000 after purchasing an additional 2,397 shares during the period. Salem Investment Counselors Inc. increased its position in shares of Texas Instruments by 2.2% during the fourth quarter. Salem Investment Counselors Inc. now owns 8,232 shares of the semiconductor company’s stock valued at $1,403,000 after purchasing an additional 177 shares during the period. Finally, Kestra Advisory Services LLC increased its position in shares of Texas Instruments by 4.9% during the third quarter. Kestra Advisory Services LLC now owns 121,907 shares of the semiconductor company’s stock valued at $19,384,000 after purchasing an additional 5,673 shares during the period. 84.99% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Mark A. Blinn sold 1,744 shares of the stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $159.85, for a total transaction of $278,778.40. Following the completion of the transaction, the director now directly owns 11,693 shares of the company’s stock, valued at $1,869,126.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.68% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have weighed in on the company. UBS Group upgraded Texas Instruments from a “neutral” rating to a “buy” rating and upped their price target for the company from $170.00 to $195.00 in a research report on Friday, January 19th. Truist Financial lowered their price target on Texas Instruments from $166.00 to $165.00 and set a “hold” rating on the stock in a research report on Friday, February 9th. Cantor Fitzgerald reissued a “neutral” rating and issued a $170.00 price objective on shares of Texas Instruments in a research note on Monday, March 4th. Rosenblatt Securities reissued a “buy” rating and issued a $190.00 price objective on shares of Texas Instruments in a research note on Tuesday, January 23rd. Finally, KeyCorp boosted their price objective on Texas Instruments from $180.00 to $200.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 24th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $173.89.

Texas Instruments Trading Up 0.8 %

Shares of Texas Instruments stock traded up $1.34 during trading hours on Friday, hitting $174.21. The company’s stock had a trading volume of 4,417,751 shares, compared to its average volume of 5,881,871. Texas Instruments Incorporated has a 12 month low of $139.48 and a 12 month high of $188.12. The stock has a 50 day moving average of $166.77 and a 200 day moving average of $160.95. The company has a market capitalization of $158.54 billion, a PE ratio of 24.68, a price-to-earnings-growth ratio of 3.72 and a beta of 1.04. The company has a debt-to-equity ratio of 0.63, a current ratio of 4.55 and a quick ratio of 3.35.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results on Monday, January 22nd. The semiconductor company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.03. Texas Instruments had a return on equity of 39.96% and a net margin of 37.16%. The company had revenue of $4.08 billion during the quarter, compared to the consensus estimate of $4.12 billion. During the same period in the prior year, the company earned $2.13 earnings per share. The company’s revenue for the quarter was down 12.7% compared to the same quarter last year. Analysts predict that Texas Instruments Incorporated will post 5.16 earnings per share for the current year.

Texas Instruments Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 13th. Investors of record on Wednesday, January 31st were issued a dividend of $1.30 per share. The ex-dividend date of this dividend was Tuesday, January 30th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.98%. Texas Instruments’s payout ratio is presently 73.65%.

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.