Argyle Capital Management LLC Buys New Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Argyle Capital Management LLC bought a new stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 3,370 shares of the semiconductor company’s stock, valued at approximately $632,000.

Other institutional investors also recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust raised its stake in shares of Texas Instruments by 3.3% during the fourth quarter. Parkside Financial Bank & Trust now owns 3,480 shares of the semiconductor company’s stock valued at $653,000 after purchasing an additional 110 shares in the last quarter. Shoker Investment Counsel Inc. increased its stake in Texas Instruments by 0.9% during the 4th quarter. Shoker Investment Counsel Inc. now owns 18,290 shares of the semiconductor company’s stock valued at $3,430,000 after buying an additional 166 shares during the period. Verus Capital Partners LLC raised its position in shares of Texas Instruments by 5.3% during the 4th quarter. Verus Capital Partners LLC now owns 1,478 shares of the semiconductor company’s stock worth $277,000 after buying an additional 75 shares in the last quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych bought a new stake in shares of Texas Instruments during the 4th quarter worth about $1,875,000. Finally, Proficio Capital Partners LLC lifted its stake in shares of Texas Instruments by 31,596.0% in the 4th quarter. Proficio Capital Partners LLC now owns 718,865 shares of the semiconductor company’s stock worth $134,794,000 after acquiring an additional 716,597 shares during the period. Institutional investors and hedge funds own 84.99% of the company’s stock.

Texas Instruments Stock Down 3.5 %

Shares of NASDAQ:TXN opened at $191.30 on Friday. The firm has a 50 day simple moving average of $189.31 and a 200 day simple moving average of $197.65. Texas Instruments Incorporated has a 52 week low of $159.11 and a 52 week high of $220.38. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.88 and a current ratio of 4.12. The company has a market cap of $174.15 billion, a PE ratio of 36.86, a price-to-earnings-growth ratio of 3.30 and a beta of 0.97.

Texas Instruments (NASDAQ:TXN) last released its earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share (EPS) 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 last year, the company earned $1.49 earnings per share. As a group, research analysts expect that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st were given a dividend of $1.36 per share. The ex-dividend date was Friday, January 31st. This represents a $5.44 dividend on an annualized basis and a yield of 2.84%. Texas Instruments’s payout ratio is presently 104.82%.

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, Chairman Richard K. Templeton sold 97,000 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $202.72, for a total value of $19,663,840.00. Following the completion of the sale, the chairman now owns 409,089 shares in the company, valued at $82,930,522.08. This represents a 19.17 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Janet F. Clark sold 6,065 shares of the business’s stock in a transaction on Monday, February 24th. The shares were 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 approximately $2,202,353.92. This represents a 35.93 % 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 valued at $59,841,304 in the last 90 days. 0.68% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

TXN has been the topic of a number of research analyst reports. Barclays lowered their price objective on shares of 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. Rosenblatt Securities reiterated a “buy” rating and set a $250.00 price target on shares of Texas Instruments in a research report on Tuesday, January 21st. Wells Fargo & Company cut their price objective on Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. Benchmark reaffirmed a “buy” rating and set a $230.00 target price on shares of Texas Instruments in a research note on Friday, January 24th. Finally, Truist Financial dropped their price target on shares of Texas Instruments from $199.00 to $195.00 and set a “hold” rating on the stock in a research report on Friday, January 24th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $209.20.

Texas Instruments Company 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.