Phoenix Financial Ltd. Increases Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Phoenix Financial Ltd. increased its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 24.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,895 shares of the semiconductor company’s stock after purchasing an additional 1,570 shares during the quarter. Phoenix Financial Ltd.’s holdings in Texas Instruments were worth $1,480,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Howard Capital Management Group LLC purchased a new position in Texas Instruments during the third quarter worth about $202,000. Fortem Financial Group LLC boosted its stake in shares of Texas Instruments by 9.2% in the third quarter. Fortem Financial Group LLC now owns 1,191 shares of the semiconductor company’s stock valued at $246,000 after buying an additional 100 shares in the last quarter. TD Private Client Wealth LLC raised its position in Texas Instruments by 1.2% in the third quarter. TD Private Client Wealth LLC now owns 10,556 shares of the semiconductor company’s stock worth $2,181,000 after acquiring an additional 123 shares in the last quarter. Rehmann Capital Advisory Group lifted its holdings in Texas Instruments by 5.2% in the third quarter. Rehmann Capital Advisory Group now owns 4,451 shares of the semiconductor company’s stock valued at $922,000 after acquiring an additional 221 shares during the period. Finally, Soltis Investment Advisors LLC acquired a new position in shares of Texas Instruments during the 3rd quarter worth $292,000. 84.99% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Texas Instruments

In other Texas Instruments news, Chairman Richard K. Templeton sold 97,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chairman now owns 409,089 shares in the company, valued at $82,930,522.08. This represents a 19.17 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mark A. Blinn sold 590 shares of Texas Instruments stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $180.71, for a total transaction 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 position. The disclosure for this sale can be found here. In the last quarter, insiders sold 297,655 shares of company stock worth $59,841,304. 0.57% of the stock is currently owned by company insiders.

Texas Instruments Trading Down 7.6 %

NASDAQ TXN opened at $156.60 on Friday. The company has a market cap of $142.49 billion, a P/E ratio of 30.17, a P/E/G ratio of 3.30 and a beta of 0.99. Texas Instruments Incorporated has a 12 month low of $143.31 and a 12 month high of $220.39. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.12 and a quick ratio of 2.88. The company has a 50-day moving average of $180.92 and a 200-day moving average of $191.76.

Texas Instruments (NASDAQ:TXN) last announced its quarterly 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 posted $1.49 EPS. As a group, equities analysts predict that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st were paid a $1.36 dividend. This represents a $5.44 annualized dividend and a dividend yield of 3.47%. The ex-dividend date was Friday, January 31st. Texas Instruments’s dividend payout ratio is currently 104.82%.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Robert W. Baird raised shares of Texas Instruments from a “neutral” rating to an “outperform” rating and set a $175.00 price objective on the stock in a report on Monday. Rosenblatt Securities reaffirmed a “buy” rating and issued a $250.00 price objective on shares of Texas Instruments in a research note on Tuesday, January 21st. Truist Financial decreased their target price on Texas Instruments from $199.00 to $195.00 and set a “hold” rating on the stock in a research report on Friday, January 24th. Cantor Fitzgerald restated a “neutral” rating and issued a $200.00 price target on shares of Texas Instruments in a research report on Friday, January 24th. Finally, Benchmark reiterated a “buy” rating and issued a $230.00 price objective on shares of Texas Instruments in a research report on Friday, January 24th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Texas Instruments presently has a consensus rating of “Hold” and an average target price of $209.20.

Texas Instruments Company 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.