Patrick M Sweeney & Associates Inc. Acquires Shares of 1,733 Texas Instruments Incorporated (NASDAQ:TXN)

Patrick M Sweeney & Associates Inc. acquired a new stake in Texas Instruments Incorporated (NASDAQ:TXN) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,733 shares of the semiconductor company’s stock, valued at approximately $295,000.

A number of other hedge funds also recently modified their holdings of TXN. AXQ Capital LP raised its position in shares of Texas Instruments by 64.3% in the third quarter. AXQ Capital LP now owns 4,600 shares of the semiconductor company’s stock valued at $731,000 after buying an additional 1,800 shares in the last quarter. First National Bank of Mount Dora Trust Investment Services raised its holdings in Texas Instruments by 0.4% in the 4th 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 acquiring an additional 155 shares in the last quarter. Silver Oak Securities Incorporated bought a new stake in shares of Texas Instruments during the 4th quarter valued at $222,000. Salem Investment Counselors Inc. grew its holdings in shares of Texas Instruments by 2.2% during the 4th quarter. Salem Investment Counselors Inc. now owns 8,232 shares of the semiconductor company’s stock worth $1,403,000 after purchasing an additional 177 shares in the last quarter. Finally, Chicago Capital LLC raised its stake in Texas Instruments by 182.7% in the fourth quarter. Chicago Capital LLC now owns 12,859 shares of the semiconductor company’s stock valued at $2,192,000 after purchasing an additional 8,311 shares in the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.

Texas Instruments Trading Up 0.6 %

Shares of NASDAQ:TXN traded up $1.00 during midday trading on Tuesday, reaching $182.67. The company’s stock had a trading volume of 5,152,711 shares, compared to its average volume of 5,667,921. The firm has a 50 day moving average price of $171.38 and a two-hundred day moving average price of $163.58. Texas Instruments Incorporated has a fifty-two week low of $139.48 and a fifty-two week high of $188.12. The firm has a market capitalization of $166.32 billion, a price-to-earnings ratio of 28.50, a PEG ratio of 3.81 and a beta of 1.01. The company has a debt-to-equity ratio of 0.76, a quick ratio of 3.76 and a current ratio of 4.91.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share (EPS) 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 analysts’ expectations of $3.61 billion. Texas Instruments had a return on equity of 35.28% and a net margin of 35.16%. The company’s revenue for the quarter was down 16.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.85 EPS. As a group, analysts forecast that Texas Instruments Incorporated will post 5.21 earnings per share for the current year.

Texas Instruments Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 21st. Stockholders of record on Wednesday, May 8th will be paid a $1.30 dividend. The ex-dividend date is Tuesday, May 7th. This represents a $5.20 annualized dividend and a dividend yield of 2.85%. Texas Instruments’s dividend payout ratio is presently 81.12%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. 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 report on Wednesday, April 24th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $210.00 target price on shares of Texas Instruments in a report on Wednesday, April 24th. Mizuho lifted their price target on Texas Instruments from $164.00 to $170.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. Evercore ISI upped their price objective on Texas Instruments from $213.00 to $225.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Finally, Oppenheimer reiterated a “market perform” rating on shares of Texas Instruments in a research report on Wednesday, April 24th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $180.74.

Insider Transactions at Texas Instruments

In other Texas Instruments news, Director Robert E. Sanchez sold 10,539 shares of the business’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $174.97, for a total transaction of $1,844,008.83. Following the completion of the sale, the director now owns 20,461 shares in the company, valued at approximately $3,580,061.17. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Chairman Richard K. Templeton sold 104,000 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $178.68, for a total value of $18,582,720.00. Following the transaction, the chairman now owns 403,851 shares in the company, valued at approximately $72,160,096.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Robert E. Sanchez sold 10,539 shares of Texas Instruments stock in a transaction on Wednesday, May 1st. The stock was 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 in the company, valued at $3,580,061.17. The disclosure for this sale can be found here. Insiders have sold 328,969 shares of company stock valued at $58,427,984 over the last ninety days. 0.68% of the stock is owned by company 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.