Gallacher Capital Management LLC Buys 70 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Gallacher Capital Management LLC lifted its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 4.3% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,705 shares of the semiconductor company’s stock after purchasing an additional 70 shares during the quarter. Gallacher Capital Management LLC’s holdings in Texas Instruments were worth $320,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Cahill Financial Advisors Inc. increased its position in Texas Instruments by 3.5% in the third quarter. Cahill Financial Advisors Inc. now owns 1,443 shares of the semiconductor company’s stock worth $298,000 after purchasing an additional 49 shares during the period. HF Advisory Group LLC increased its position 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 worth $1,602,000 after purchasing an additional 52 shares during the period. Blossom Wealth Management increased its position in Texas Instruments by 5.1% in the fourth quarter. Blossom Wealth Management now owns 1,137 shares of the semiconductor company’s stock worth $213,000 after purchasing an additional 55 shares during the period. OLD Second National Bank of Aurora increased its position 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 worth $107,000 after purchasing an additional 57 shares during the period. Finally, Avitas Wealth Management LLC increased its position in Texas Instruments by 0.5% in the fourth 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 during the period. 84.99% of the stock is owned by institutional investors.

Insider Activity at Texas Instruments

In other news, Director Janet F. Clark sold 6,065 shares of Texas Instruments 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 completion of the transaction, the director now owns 10,816 shares of the company’s stock, valued at $2,202,353.92. This trade represents a 35.93 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Mark A. Blinn sold 590 shares of Texas Instruments stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $180.71, for a total transaction of $106,618.90. Following the completion of the transaction, the director now directly owns 11,717 shares of the company’s stock, valued at approximately $2,117,379.07. This trade represents a 4.79 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 297,655 shares of company stock valued at $59,841,304. Corporate insiders own 0.57% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on TXN. Truist Financial lowered their price objective on Texas Instruments from $199.00 to $195.00 and set a “hold” rating for the company in a research report on Friday, January 24th. Benchmark restated a “buy” rating and set a $230.00 target price on shares of Texas Instruments in a research report on Friday, January 24th. Barclays decreased their target price on Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating for the company in a research report on Friday, January 24th. Wells Fargo & Company decreased their target price on Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating for the company in a research report on Monday, January 13th. Finally, Mizuho decreased 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. 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.com, the stock presently has an average rating of “Hold” and a consensus target price of $209.20.

Texas Instruments Price Performance

Shares of TXN opened at $176.42 on Monday. 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 Incorporated has a twelve month low of $159.11 and a twelve month high of $220.38. The stock has a market capitalization of $160.53 billion, a P/E ratio of 33.99, a P/E/G ratio of 3.30 and a beta of 0.98. The company has a 50 day moving average of $188.61 and a 200-day moving average of $196.29.

Texas Instruments (NASDAQ:TXN) last released its earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.10. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. During the same period in the prior year, the company earned $1.49 earnings per share. As a group, equities research analysts forecast that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Friday, January 31st were given a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date was Friday, January 31st. Texas Instruments’s dividend payout ratio (DPR) 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.