Enhancing Capital LLC Buys New Shares in Texas Instruments Incorporated (NASDAQ:TXN)

Enhancing Capital LLC purchased a new position in Texas Instruments Incorporated (NASDAQ:TXN) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 13,000 shares of the semiconductor company’s stock, valued at approximately $2,438,000. Texas Instruments makes up 1.9% of Enhancing Capital LLC’s investment portfolio, making the stock its 15th largest holding.

Several other hedge funds have also recently added to or reduced their stakes in TXN. Generali Asset Management SPA SGR acquired a new stake in shares of Texas Instruments during the fourth quarter worth approximately $11,256,000. Evoke Wealth LLC increased its holdings in shares of Texas Instruments by 24.0% during the fourth quarter. Evoke Wealth LLC now owns 2,629 shares of the semiconductor company’s stock worth $493,000 after buying an additional 508 shares in the last quarter. Horizon Investments LLC increased its holdings in shares of Texas Instruments by 5.8% during the fourth quarter. Horizon Investments LLC now owns 21,483 shares of the semiconductor company’s stock worth $3,999,000 after buying an additional 1,175 shares in the last quarter. PDS Planning Inc increased its holdings in shares of Texas Instruments by 1.6% during the fourth quarter. PDS Planning Inc now owns 5,863 shares of the semiconductor company’s stock worth $1,099,000 after buying an additional 90 shares in the last quarter. Finally, Kensington Investment Counsel LLC increased its holdings in shares of Texas Instruments by 4.2% during the fourth quarter. Kensington Investment Counsel LLC now owns 19,433 shares of the semiconductor company’s stock worth $3,644,000 after buying an additional 775 shares in the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on TXN. Mizuho dropped their price objective on shares of Texas Instruments from $200.00 to $190.00 and set a “neutral” rating for the company in a report on Friday, January 24th. Wells Fargo & Company lowered their price target on shares of Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. Barclays lowered their price target on shares of Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating for the company in a report on Friday, January 24th. Cantor Fitzgerald reissued a “neutral” rating and issued a $200.00 price target on shares of Texas Instruments in a report on Friday, January 24th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $250.00 price target on shares of Texas Instruments in a report on Tuesday, January 21st. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $209.20.

Insider Buying and Selling at Texas Instruments

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

Texas Instruments Trading Up 2.0 %

Shares of NASDAQ:TXN opened at $179.99 on Tuesday. Texas Instruments Incorporated has a 12 month low of $159.11 and a 12 month high of $220.39. The company has a quick ratio of 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76. The company’s fifty day simple moving average is $188.36 and its 200 day simple moving average is $196.07. The firm has a market cap of $163.78 billion, a price-to-earnings ratio of 34.68, a PEG ratio of 3.30 and a beta of 0.98.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data 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 net margin of 30.68% and a return on equity of 28.08%. During the same quarter last year, the business earned $1.49 EPS. As a group, 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 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 was Friday, January 31st. This represents a $5.44 annualized dividend and a yield of 3.02%. Texas Instruments’s 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.