Sandhill Capital Partners LLC Raises Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Sandhill Capital Partners LLC grew its position in Texas Instruments Incorporated (NASDAQ:TXN) by 0.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 22,936 shares of the semiconductor company’s stock after purchasing an additional 150 shares during the period. Sandhill Capital Partners LLC’s holdings in Texas Instruments were worth $4,301,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. HF Advisory Group LLC boosted its holdings in Texas Instruments by 0.6% in the fourth quarter. HF Advisory Group LLC now owns 8,544 shares of the semiconductor company’s stock valued at $1,602,000 after purchasing an additional 52 shares during the last quarter. Blossom Wealth Management raised its position in Texas Instruments by 5.1% during the fourth quarter. Blossom Wealth Management now owns 1,137 shares of the semiconductor company’s stock valued at $213,000 after acquiring an additional 55 shares in the last quarter. OLD Second National Bank of Aurora lifted its holdings in Texas Instruments by 11.1% in the fourth quarter. OLD Second National Bank of Aurora now owns 572 shares of the semiconductor company’s stock valued at $107,000 after acquiring an additional 57 shares during the period. Avitas Wealth Management LLC boosted its position in Texas Instruments by 0.5% in the 4th quarter. Avitas Wealth Management LLC now owns 10,835 shares of the semiconductor company’s stock worth $2,032,000 after purchasing an additional 59 shares in the last quarter. Finally, Augustine Asset Management Inc. grew its stake in shares of Texas Instruments by 5.2% during the 4th quarter. Augustine Asset Management Inc. now owns 1,204 shares of the semiconductor company’s stock worth $226,000 after purchasing an additional 60 shares during the period. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on TXN. Baird R W raised shares of Texas Instruments from a “hold” rating to a “strong-buy” rating in a report on Monday. Robert W. Baird raised shares of Texas Instruments from a “neutral” rating to an “outperform” rating and set a $175.00 price target for the company in a report on Monday. Truist Financial decreased their price objective on shares of Texas Instruments from $199.00 to $195.00 and set a “hold” rating on the stock in a report on Friday, January 24th. Mizuho reduced their price target 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. Finally, Wells Fargo & Company decreased their price target on shares of Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating on the stock in a research note on Monday, January 13th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $209.20.

Insiders Place Their Bets

In other Texas Instruments news, Director Janet F. Clark sold 6,065 shares of the stock in a transaction that occurred on 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 completion of the sale, the director now directly owns 10,816 shares of the company’s stock, valued at approximately $2,202,353.92. This trade represents a 35.93 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Richard K. Templeton sold 97,000 shares of the stock in a transaction on 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 of the company’s stock, valued at approximately $82,930,522.08. This represents a 19.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 297,655 shares of company stock valued at $59,841,304. 0.57% of the stock is owned by corporate insiders.

Texas Instruments Trading Up 1.7 %

NASDAQ TXN opened at $154.00 on Tuesday. Texas Instruments Incorporated has a 52 week low of $145.20 and a 52 week high of $220.39. The firm has a 50 day moving average of $183.40 and a two-hundred day moving average of $193.23. The stock has a market capitalization of $140.13 billion, a PE ratio of 29.67, a price-to-earnings-growth ratio of 3.30 and a beta of 0.99. The company has a quick ratio of 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76.

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

Texas Instruments Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st were paid a $1.36 dividend. The ex-dividend date of this dividend was Friday, January 31st. This represents a $5.44 annualized dividend and a yield of 3.53%. Texas Instruments’s dividend payout ratio is currently 104.82%.

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.