Avantax Planning Partners Inc. Grows Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Avantax Planning Partners Inc. boosted its position in Texas Instruments Incorporated (NASDAQ:TXN) by 2.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,617 shares of the semiconductor company’s stock after purchasing an additional 1,275 shares during the period. Avantax Planning Partners Inc.’s holdings in Texas Instruments were worth $8,741,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Promus Capital LLC purchased a new position in Texas Instruments in the 4th quarter valued at approximately $25,000. Financial Life Planners purchased a new position in Texas Instruments in the 4th quarter valued at approximately $26,000. Retirement Wealth Solutions LLC purchased a new position in Texas Instruments in the 4th quarter valued at approximately $27,000. MidAtlantic Capital Management Inc. purchased a new position in Texas Instruments in the 3rd quarter valued at approximately $28,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new position in Texas Instruments during the fourth quarter worth $28,000. 84.99% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Texas Instruments news, Director Janet F. Clark sold 6,065 shares of the business’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $203.62, for a total transaction of $1,234,955.30. Following the transaction, the director now owns 10,816 shares in the company, valued at $2,202,353.92. The trade was a 35.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Richard K. Templeton sold 97,000 shares of Texas Instruments stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $202.72, for a total value of $19,663,840.00. Following the sale, the chairman now directly owns 409,089 shares in the company, valued at approximately $82,930,522.08. The trade was a 19.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 297,655 shares of company stock worth $59,841,304 over the last quarter. 0.68% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have weighed in on TXN. Barclays dropped their price target on Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating for the company in a research report on Friday, January 24th. Benchmark reissued a “buy” rating and set a $230.00 price target on shares of Texas Instruments in a research report on Friday, January 24th. Wells Fargo & Company dropped 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. Mizuho dropped their price target on Texas Instruments from $200.00 to $190.00 and set a “neutral” rating for the company in a research report on Friday, January 24th. Finally, Cantor Fitzgerald reissued a “neutral” rating and set a $200.00 price target on shares of Texas Instruments in a research report on Friday, January 24th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $209.20.

Texas Instruments Price Performance

Shares of Texas Instruments stock opened at $186.49 on Tuesday. Texas Instruments Incorporated has a twelve month low of $159.11 and a twelve month high of $220.38. The stock has a market capitalization of $169.69 billion, a P/E ratio of 35.93, a PEG ratio of 3.30 and a beta of 0.98. The company has a current ratio of 4.12, a quick ratio of 2.88 and a debt-to-equity ratio of 0.76. The business’s fifty day moving average price is $189.60 and its 200 day moving average price is $197.23.

Texas Instruments (NASDAQ:TXN) last issued its earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.10. Texas Instruments had a return on equity of 28.08% and a net margin of 30.68%. During the same period in the previous year, the company earned $1.49 EPS. As a group, research analysts anticipate that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st were paid a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.92%. The ex-dividend date of this dividend was Friday, January 31st. Texas Instruments’s dividend payout ratio is presently 104.82%.

Texas Instruments 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.