Belpointe Asset Management LLC Has $3.10 Million Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Belpointe Asset Management LLC increased its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 7.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,516 shares of the semiconductor company’s stock after buying an additional 1,169 shares during the period. Belpointe Asset Management LLC’s holdings in Texas Instruments were worth $3,097,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Howard Capital Management Group LLC bought a new stake in shares of Texas Instruments in the 3rd quarter valued at about $202,000. Invst LLC acquired a new position in Texas Instruments during the third quarter valued at approximately $209,000. Anchor Investment Management LLC increased its stake in Texas Instruments by 25.7% in the third quarter. Anchor Investment Management LLC now owns 11,633 shares of the semiconductor company’s stock valued at $2,403,000 after purchasing an additional 2,378 shares in the last quarter. Pine Valley Investments Ltd Liability Co raised its holdings in Texas Instruments by 1.1% in the third quarter. Pine Valley Investments Ltd Liability Co now owns 18,599 shares of the semiconductor company’s stock worth $3,842,000 after purchasing an additional 197 shares during the period. Finally, World Investment Advisors LLC raised its holdings in Texas Instruments by 156.4% in the third quarter. World Investment Advisors LLC now owns 6,993 shares of the semiconductor company’s stock worth $1,444,000 after purchasing an additional 4,266 shares during the period. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently commented on TXN shares. Mizuho lowered 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 report on Friday, January 24th. Citigroup lowered their price target on Texas Instruments from $235.00 to $210.00 and set a “buy” rating for the company in a report on Friday. Truist Financial cut their price objective on Texas Instruments from $199.00 to $195.00 and set a “hold” rating on the stock in a report on Friday, January 24th. Rosenblatt Securities reissued a “buy” rating and set a $250.00 target price on shares of Texas Instruments in a research note on Tuesday, January 21st. Finally, Benchmark reaffirmed a “buy” rating and issued a $230.00 price target on shares of Texas Instruments in a research note on Friday, January 24th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Texas Instruments has a consensus rating of “Hold” and an average target price of $207.95.

Texas Instruments Stock Performance

Shares of TXN opened at $147.60 on Monday. The company has a market cap of $134.30 billion, a PE ratio of 28.44, a price-to-earnings-growth ratio of 3.30 and a beta of 0.99. The firm has a 50-day moving average of $180.26 and a 200-day moving average of $191.24. Texas Instruments Incorporated has a one year low of $139.95 and a one year high of $220.39. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.12 and a quick ratio of 2.88.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 EPS for the quarter, topping 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 quarter in the previous year, the company earned $1.49 earnings per share. As a group, equities analysts forecast that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Friday, January 31st were paid a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a yield of 3.69%. The ex-dividend date of this dividend was Friday, January 31st. Texas Instruments’s dividend payout ratio (DPR) is presently 104.82%.

Insider Buying and Selling at Texas Instruments

In other news, Director Janet F. Clark sold 6,065 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $203.62, for a total value of $1,234,955.30. Following the transaction, the director now directly owns 10,816 shares of the company’s stock, valued at $2,202,353.92. This represents a 35.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mark A. Blinn sold 590 shares of Texas Instruments stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $180.71, for a total transaction of $106,618.90. Following the sale, the director now directly owns 11,717 shares of the company’s stock, valued at $2,117,379.07. The trade was a 4.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 297,655 shares of company stock valued at $59,841,304 in the last quarter. 0.57% of the stock is currently owned by 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.