Evoke Wealth LLC Grows Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Evoke Wealth LLC raised its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 24.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,629 shares of the semiconductor company’s stock after buying an additional 508 shares during the period. Evoke Wealth LLC’s holdings in Texas Instruments were worth $493,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the stock. Cahill Financial Advisors Inc. boosted its position in Texas Instruments by 3.5% in the 3rd quarter. Cahill Financial Advisors Inc. now owns 1,443 shares of the semiconductor company’s stock valued at $298,000 after buying an additional 49 shares during the period. HF Advisory Group LLC boosted its position in Texas Instruments by 0.6% in the 4th quarter. HF Advisory Group LLC now owns 8,544 shares of the semiconductor company’s stock valued at $1,602,000 after buying an additional 52 shares during the period. Blossom Wealth Management boosted its position in Texas Instruments by 5.1% in the 4th quarter. Blossom Wealth Management now owns 1,137 shares of the semiconductor company’s stock valued at $213,000 after buying an additional 55 shares during the period. OLD Second National Bank of Aurora boosted its position in Texas Instruments by 11.1% in the 4th quarter. OLD Second National Bank of Aurora now owns 572 shares of the semiconductor company’s stock valued at $107,000 after buying an additional 57 shares during the period. Finally, 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 valued at $2,032,000 after buying an additional 59 shares during the period. 84.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Rosenblatt Securities restated a “buy” rating and issued a $250.00 price target on shares of Texas Instruments in a report on Tuesday, January 21st. Barclays reduced 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. Truist Financial reduced their price target on shares of Texas Instruments from $199.00 to $195.00 and set a “hold” rating for the company in a report on Friday, January 24th. Benchmark restated a “buy” rating and issued a $230.00 price target on shares of Texas Instruments in a report on Friday, January 24th. Finally, 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 report on Friday, January 24th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $209.20.

Insiders Place Their Bets

In other news, Director Mark A. Blinn sold 590 shares of the 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 owns 11,717 shares in the company, valued at $2,117,379.07. This represents a 4.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Richard K. Templeton sold 97,000 shares of the stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $197.69, for a total transaction of $19,175,930.00. Following the completion of the sale, the chairman now owns 409,089 shares in the company, valued at $80,872,804.41. The trade was a 19.17 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 297,655 shares of company stock valued at $59,841,304. Insiders own 0.57% of the company’s stock.

Texas Instruments Trading Down 0.3 %

NASDAQ:TXN opened at $179.45 on Wednesday. Texas Instruments Incorporated has a 52 week low of $159.11 and a 52 week high of $220.39. The firm has a 50 day moving average of $188.11 and a 200 day moving average of $195.82. 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 stock has a market capitalization of $163.28 billion, a price-to-earnings ratio of 34.58, a PEG ratio of 3.30 and a beta of 0.97.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share (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 period in the previous year, the company earned $1.49 earnings per share. As a group, sell-side analysts anticipate that Texas Instruments Incorporated will post 5.35 earnings per share 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 issued a $1.36 dividend. The ex-dividend date was Friday, January 31st. This represents a $5.44 dividend on an annualized basis and a dividend yield of 3.03%. Texas Instruments’s dividend payout ratio is currently 104.82%.

Texas Instruments 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.