Regent Peak Wealth Advisors LLC Acquires 450 Shares of Texas Instruments Incorporated (NASDAQ:TXN)


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Regent Peak Wealth Advisors LLC increased its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 4.0% in the first quarter, HoldingsChannel reports. The institutional investor owned 11,689 shares of the semiconductor company’s stock after purchasing an additional 450 shares during the quarter. Texas Instruments accounts for 0.7% of Regent Peak Wealth Advisors LLC’s portfolio, making the stock its 28th biggest position. Regent Peak Wealth Advisors LLC’s holdings in Texas Instruments were worth $2,209,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of TXN. Norges Bank acquired a new position in Texas Instruments during the fourth quarter valued at approximately $1,590,707,000. Parnassus Investments CA acquired a new position in Texas Instruments during the fourth quarter valued at approximately $527,847,000. BlackRock Inc. boosted its holdings in shares of Texas Instruments by 3.1% in the fourth quarter. BlackRock Inc. now owns 70,859,730 shares of the semiconductor company’s stock valued at $11,630,207,000 after buying an additional 2,129,999 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Texas Instruments by 9.3% in the fourth quarter. Bank of New York Mellon Corp now owns 21,483,055 shares of the semiconductor company’s stock valued at $3,526,013,000 after buying an additional 1,833,704 shares during the period. Finally, Assenagon Asset Management S.A. boosted its holdings in shares of Texas Instruments by 15,424.3% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,395,325 shares of the semiconductor company’s stock valued at $229,015,000 after buying an additional 1,386,337 shares during the period. 83.12% of the stock is owned by institutional investors and hedge funds.

In other news, VP Mark Gary sold 12,715 shares of the business’s stock in a transaction dated Monday, February 8th. The stock was sold at an average price of $173.76, for a total transaction of $2,209,358.40. Following the completion of the transaction, the vice president now owns 29,601 shares of the company’s stock, valued at $5,143,469.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Cynthia Hoff Trochu sold 12,890 shares of the business’s stock in a transaction dated Thursday, February 4th. The stock was sold at an average price of $170.92, for a total value of $2,203,158.80. Following the transaction, the senior vice president now directly owns 54,153 shares of the company’s stock, valued at approximately $9,255,830.76. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 241,518 shares of company stock worth $41,675,362. Company insiders own 0.73% of the company’s stock.

Texas Instruments stock traded down $1.74 during midday trading on Tuesday, reaching $177.05. The stock had a trading volume of 143,501 shares, compared to its average volume of 4,822,852. Texas Instruments Incorporated has a 12 month low of $105.45 and a 12 month high of $197.58. The firm’s 50-day moving average price is $186.62 and its 200 day moving average price is $169.79. The firm has a market capitalization of $163.51 billion, a PE ratio of 33.80, a P/E/G ratio of 3.10 and a beta of 1.06. The company has a quick ratio of 3.29, a current ratio of 4.24 and a debt-to-equity ratio of 0.75.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Tuesday, April 27th. The semiconductor company reported $1.87 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.56 by $0.31. Texas Instruments had a return on equity of 61.05% and a net margin of 36.24%. The business had revenue of $4.29 billion for the quarter, compared to analysts’ expectations of $3.98 billion. During the same period in the previous year, the business posted $1.14 EPS. The firm’s quarterly revenue was up 28.8% compared to the same quarter last year. Equities research analysts expect that Texas Instruments Incorporated will post 5.48 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, May 17th. Stockholders of record on Monday, May 3rd will be given a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 2.30%. The ex-dividend date of this dividend is Friday, April 30th. Texas Instruments’s dividend payout ratio is presently 77.86%.

Several research analysts have recently weighed in on the stock. Morgan Stanley upped their price target on shares of Texas Instruments from $162.00 to $176.00 and gave the company an “underweight” rating in a report on Monday, April 19th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell raised their price objective on shares of Texas Instruments from $201.00 to $215.00 in a research report on Wednesday, April 28th. Truist Securities raised their price objective on shares of Texas Instruments from $184.00 to $200.00 in a research report on Wednesday, April 28th. Mizuho raised their price objective on shares of Texas Instruments from $175.00 to $185.00 and gave the stock a “neutral” rating in a research report on Tuesday. Finally, Barclays raised their price objective on shares of Texas Instruments from $155.00 to $170.00 and gave the stock an “underweight” rating in a research report on Wednesday, April 28th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seventeen have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $189.23.

Texas Instruments Company Profile

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements in various levels using battery management solutions, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage supervisors, voltage references, and lighting products.

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Institutional Ownership by Quarter for Texas Instruments (NASDAQ:TXN)

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