Scotia Capital Inc. Increases Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Scotia Capital Inc. increased its position in Texas Instruments Incorporated (NASDAQ:TXN) by 67.7% in the 4th quarter, Holdings Channel reports. The firm owned 31,430 shares of the semiconductor company’s stock after buying an additional 12,683 shares during the period. Scotia Capital Inc.’s holdings in Texas Instruments were worth $5,894,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in the company. HF Advisory Group LLC lifted its position in Texas Instruments by 0.6% during the 4th quarter. HF Advisory Group LLC now owns 8,544 shares of the semiconductor company’s stock worth $1,602,000 after acquiring an additional 52 shares during the period. Blossom Wealth Management raised its stake in shares of Texas Instruments by 5.1% during 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 last quarter. OLD Second National Bank of Aurora lifted its holdings in shares of Texas Instruments by 11.1% during 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. Avitas Wealth Management LLC lifted its holdings in shares of Texas Instruments by 0.5% during 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. Finally, Augustine Asset Management Inc. grew its position in Texas Instruments by 5.2% in the 4th quarter. Augustine Asset Management Inc. now owns 1,204 shares of the semiconductor company’s stock valued at $226,000 after buying an additional 60 shares during the last quarter. 84.99% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Texas Instruments news, Director Mark A. Blinn sold 590 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $180.71, for a total value of $106,618.90. Following the transaction, the director now directly owns 11,717 shares of the company’s stock, valued at $2,117,379.07. This represents a 4.79 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Janet F. Clark sold 6,065 shares of the stock in a transaction on Monday, February 24th. The shares were 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 trade represents a 35.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 297,655 shares of company stock valued at $59,841,304 in the last three months. Corporate insiders own 0.57% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on TXN shares. Truist Financial cut 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. Baird R W raised Texas Instruments from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 7th. Benchmark restated a “buy” rating and issued a $230.00 price target on shares of Texas Instruments in a research note on Friday, January 24th. Barclays dropped their price objective on Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating on the stock in a report on Friday, January 24th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $250.00 target price on shares of Texas Instruments in a report on Tuesday, January 21st. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $207.95.

Texas Instruments Stock Down 5.7 %

Shares of NASDAQ:TXN opened at $147.60 on Friday. 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 has a market capitalization of $134.30 billion, a P/E ratio of 28.44, a P/E/G ratio of 3.30 and a beta of 0.99. Texas Instruments Incorporated has a 52-week low of $139.95 and a 52-week high of $220.39. The stock’s fifty day simple moving average is $180.26 and its 200-day simple moving average is $191.36.

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

Texas Instruments Dividend Announcement

The company 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 annualized dividend and a dividend yield of 3.69%. The ex-dividend date was Friday, January 31st. Texas Instruments’s dividend payout ratio (DPR) 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.