Crews Bank & Trust Purchases New Position in Texas Instruments Incorporated (NASDAQ:TXN)

Crews Bank & Trust acquired a new position in Texas Instruments Incorporated (NASDAQ:TXN) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,264 shares of the semiconductor company’s stock, valued at approximately $425,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Retirement Wealth Solutions LLC bought a new stake in shares of Texas Instruments during the fourth quarter worth $27,000. MidAtlantic Capital Management Inc. bought a new stake in shares of Texas Instruments during the third quarter worth $28,000. Tsfg LLC raised its position in shares of Texas Instruments by 82.0% during the third quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock worth $38,000 after acquiring an additional 82 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in shares of Texas Instruments during the third quarter worth $39,000. Finally, FSA Wealth Management LLC bought a new stake in shares of Texas Instruments during the third quarter worth $41,000. Institutional investors and hedge funds own 84.99% of the company’s stock.

Texas Instruments Stock Up 2.8 %

TXN stock opened at $185.27 on Friday. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.12 and a quick ratio of 2.88. The stock has a market capitalization of $169.01 billion, a P/E ratio of 35.70, a P/E/G ratio of 2.87 and a beta of 0.98. The business has a 50-day moving average of $192.21 and a 200-day moving average of $199.05. Texas Instruments Incorporated has a fifty-two week low of $155.46 and a fifty-two week high of $220.38.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share for the quarter, topping the consensus estimate 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. On average, sell-side analysts anticipate that Texas Instruments Incorporated will post 5.42 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 11th. Investors of record on Friday, January 31st will be given a dividend of $1.36 per share. The ex-dividend date is Friday, January 31st. This represents a $5.44 annualized dividend and a yield of 2.94%. Texas Instruments’s dividend payout ratio (DPR) is presently 104.82%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on TXN shares. Mizuho dropped their target price 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. Truist Financial dropped their price objective on Texas Instruments from $199.00 to $195.00 and set a “hold” rating for the company in a report on Friday, January 24th. Rosenblatt Securities reiterated a “buy” rating and issued a $250.00 price objective on shares of Texas Instruments in a report on Tuesday, January 21st. Evercore ISI upped their price objective on Texas Instruments from $268.00 to $298.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Finally, Cantor Fitzgerald reiterated a “neutral” rating and issued a $200.00 price objective on shares of Texas Instruments in a report on Friday, January 24th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Texas Instruments has a consensus rating of “Hold” and an average price target of $209.20.

Insider Activity at Texas Instruments

In related news, Director Ronald Kirk sold 10,539 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $203.33, for a total transaction of $2,142,894.87. Following the completion of the transaction, the director now directly owns 14,323 shares of the company’s stock, valued at approximately $2,912,295.59. This represents a 42.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.68% of the company’s stock.

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.