Kestra Private Wealth Services LLC Purchases 7,454 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Kestra Private Wealth Services LLC lifted its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 13.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 62,322 shares of the semiconductor company’s stock after purchasing an additional 7,454 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Texas Instruments were worth $10,623,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in TXN. Morgan Stanley increased its stake in shares of Texas Instruments by 14.2% in the 3rd quarter. Morgan Stanley now owns 14,154,358 shares of the semiconductor company’s stock worth $2,250,685,000 after purchasing an additional 1,755,582 shares in the last quarter. California Public Employees Retirement System increased its stake in shares of Texas Instruments by 33.2% in the 4th quarter. California Public Employees Retirement System now owns 6,035,704 shares of the semiconductor company’s stock worth $1,028,846,000 after purchasing an additional 1,502,989 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in shares of Texas Instruments by 565.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,693,577 shares of the semiconductor company’s stock worth $288,687,000 after purchasing an additional 1,439,066 shares in the last quarter. Baillie Gifford & Co. increased its stake in shares of Texas Instruments by 338.4% in the 4th quarter. Baillie Gifford & Co. now owns 1,795,191 shares of the semiconductor company’s stock worth $306,008,000 after purchasing an additional 1,385,725 shares in the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC bought a new position in Texas Instruments in the 3rd quarter worth $196,135,000. 84.99% of the stock is owned by institutional investors.

Texas Instruments Stock Down 0.4 %

Shares of NASDAQ:TXN traded down $0.69 during midday trading on Tuesday, reaching $178.60. The company had a trading volume of 1,245,492 shares, compared to its average volume of 5,632,996. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.91 and a quick ratio of 3.76. The stock’s fifty day moving average price is $169.67 and its 200-day moving average price is $162.46. The stock has a market capitalization of $162.61 billion, a P/E ratio of 27.97, a PEG ratio of 3.78 and a beta of 1.04. Texas Instruments Incorporated has a one year low of $139.48 and a one year high of $188.12.

Texas Instruments (NASDAQ:TXN) last issued its earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.13. The company had revenue of $3.66 billion for the quarter, compared to analysts’ expectations of $3.61 billion. Texas Instruments had a net margin of 35.16% and a return on equity of 35.28%. The firm’s revenue was down 16.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.85 earnings per share. Equities research analysts expect that Texas Instruments Incorporated will post 5.21 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 21st. Investors of record on Wednesday, May 8th will be given a $1.30 dividend. The ex-dividend date is Tuesday, May 7th. This represents a $5.20 dividend on an annualized basis and a yield of 2.91%. Texas Instruments’s dividend payout ratio is presently 81.12%.

Wall Street Analyst Weigh In

TXN has been the topic of a number of recent analyst reports. The Goldman Sachs Group increased their price objective on shares of Texas Instruments from $137.00 to $157.00 and gave the stock a “sell” rating in a research report on Wednesday, April 24th. Robert W. Baird raised their target price on shares of Texas Instruments from $125.00 to $175.00 and gave the company a “neutral” rating in a research note on Thursday, April 25th. JPMorgan Chase & Co. raised their target price on shares of Texas Instruments from $180.00 to $195.00 and gave the company an “overweight” rating in a research note on Wednesday, April 24th. Mizuho raised their target price on shares of Texas Instruments from $164.00 to $170.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. Finally, TD Cowen raised their target price on shares of Texas Instruments from $160.00 to $175.00 and gave the company a “hold” rating in a research note on Wednesday, April 24th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Texas Instruments has a consensus rating of “Hold” and a consensus price target of $180.74.

Insider Activity

In other news, Director Mark A. Blinn sold 1,744 shares of the firm’s stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $159.85, for a total transaction of $278,778.40. Following the completion of the transaction, the director now owns 11,693 shares in the company, valued at approximately $1,869,126.05. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 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.