Modera Wealth Management LLC Acquires 320 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Modera Wealth Management LLC grew its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 3.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,188 shares of the semiconductor company’s stock after purchasing an additional 320 shares during the period. Modera Wealth Management LLC’s holdings in Texas Instruments were worth $1,723,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Bailard Inc. raised its position in Texas Instruments by 0.6% in the 4th quarter. Bailard Inc. now owns 68,284 shares of the semiconductor company’s stock worth $12,804,000 after buying an additional 425 shares during the last quarter. Norden Group LLC grew its stake in shares of Texas Instruments by 5.5% in the fourth quarter. Norden Group LLC now owns 30,088 shares of the semiconductor company’s stock worth $5,642,000 after acquiring an additional 1,560 shares during the period. Kinsale Capital Group Inc. grew its stake in shares of Texas Instruments by 12.2% in the fourth quarter. Kinsale Capital Group Inc. now owns 39,819 shares of the semiconductor company’s stock worth $7,466,000 after acquiring an additional 4,342 shares during the period. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Texas Instruments during the fourth quarter valued at approximately $28,000. Finally, Smartleaf Asset Management LLC lifted its position in Texas Instruments by 27.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 9,947 shares of the semiconductor company’s stock valued at $1,870,000 after purchasing an additional 2,138 shares during the period. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Texas Instruments Stock Performance

NASDAQ:TXN opened at $194.39 on Tuesday. The stock has a 50-day moving average price of $189.57 and a 200 day moving average price of $197.64. The stock has a market capitalization of $176.96 billion, a P/E ratio of 37.45, a P/E/G ratio of 3.30 and a beta of 0.97. Texas Instruments Incorporated has a 12-month low of $159.11 and a 12-month high of $220.38. The company has a current ratio of 4.12, a quick ratio of 2.88 and a debt-to-equity ratio of 0.76.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share (EPS) 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 quarter last year, the company posted $1.49 earnings per share. Equities research analysts forecast that Texas Instruments Incorporated will post 5.35 EPS 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 paid a $1.36 dividend. This represents a $5.44 annualized dividend and a yield of 2.80%. The ex-dividend date was Friday, January 31st. Texas Instruments’s payout ratio is currently 104.82%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on TXN shares. Benchmark reiterated a “buy” rating and set a $230.00 target price on shares of Texas Instruments in a research note on Friday, January 24th. Mizuho reduced their price objective on Texas Instruments from $200.00 to $190.00 and set a “neutral” rating for the company in a research report on Friday, January 24th. Barclays dropped their target price on Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating on the stock in a research 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 research report on Friday, January 24th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $250.00 price objective 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 given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $209.20.

Insider Buying and Selling at Texas Instruments

In related news, Director Mark A. Blinn sold 590 shares of the company’s stock in a transaction 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 of the company’s stock, valued at $2,117,379.07. This represents a 4.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 of the company’s stock, valued at $2,202,353.92. This trade represents a 35.93 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 297,655 shares of company stock valued at $59,841,304 in the last 90 days. Insiders own 0.68% of the company’s stock.

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.