Grant Private Wealth Management Inc Invests $719,000 in Texas Instruments Incorporated (NASDAQ:TXN)

Grant Private Wealth Management Inc acquired a new stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 3,836 shares of the semiconductor company’s stock, valued at approximately $719,000.

Other large investors have also bought and sold shares of the company. Promus Capital LLC bought a new position in shares of Texas Instruments during the fourth quarter valued at $25,000. Financial Life Planners bought a new position in Texas Instruments during the 4th quarter valued at about $26,000. Retirement Wealth Solutions LLC purchased a new stake in shares of Texas Instruments during the 4th quarter valued at about $27,000. Summit Securities Group LLC bought a new stake in shares of Texas Instruments in the fourth quarter worth approximately $27,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new position in shares of Texas Instruments during the fourth quarter valued at approximately $28,000. 84.99% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Texas Instruments

In other news, Chairman Richard K. Templeton sold 97,000 shares of the stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $197.69, for a total value of $19,175,930.00. Following the sale, the chairman now owns 409,089 shares of the company’s stock, valued at approximately $80,872,804.41. This represents a 19.17 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Mark A. Blinn sold 590 shares of the company’s 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 transaction, the director now owns 11,717 shares in the company, valued at $2,117,379.07. The trade was a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In 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.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Wells Fargo & Company cut their target price on shares of 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. Truist Financial reduced 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. Rosenblatt Securities reissued a “buy” rating and issued a $250.00 target price on shares of Texas Instruments in a research report on Tuesday, January 21st. Barclays cut their price target on Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating for the company in a research note on Friday, January 24th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and issued a $200.00 price objective on shares of Texas Instruments in a research note on Friday, January 24th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $209.20.

Texas Instruments Stock Performance

NASDAQ TXN opened at $178.19 on Thursday. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.12 and a quick ratio of 2.88. Texas Instruments Incorporated has a 1-year low of $159.11 and a 1-year high of $220.39. The business has a 50 day simple moving average of $185.47 and a two-hundred day simple moving average of $194.24. The stock has a market capitalization of $162.14 billion, a PE ratio of 34.33, a P/E/G ratio of 3.30 and a beta of 0.99.

Texas Instruments (NASDAQ:TXN) last posted 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 last year, the firm earned $1.49 earnings per share. On average, research analysts predict that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st were given a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a dividend yield of 3.05%. The ex-dividend date of this dividend was Friday, January 31st. Texas Instruments’s dividend payout ratio is 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.