Merit Financial Group LLC Purchases 27,987 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Merit Financial Group LLC grew its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 111.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 52,987 shares of the semiconductor company’s stock after purchasing an additional 27,987 shares during the quarter. Merit Financial Group LLC’s holdings in Texas Instruments were worth $9,936,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wedge Capital Management L L P NC raised its stake in shares of Texas Instruments by 10.6% during the fourth quarter. Wedge Capital Management L L P NC now owns 56,625 shares of the semiconductor company’s stock valued at $10,618,000 after acquiring an additional 5,412 shares during the last quarter. First National Bank of Mount Dora Trust Investment Services raised its position in Texas Instruments by 1.2% during the 4th quarter. First National Bank of Mount Dora Trust Investment Services now owns 51,344 shares of the semiconductor company’s stock worth $9,628,000 after purchasing an additional 617 shares during the last quarter. Relyea Zuckerberg Hanson LLC raised its position in Texas Instruments by 7.5% during the 4th quarter. Relyea Zuckerberg Hanson LLC now owns 2,294 shares of the semiconductor company’s stock worth $430,000 after purchasing an additional 161 shares during the last quarter. Wealthcare Advisory Partners LLC grew its position in shares of Texas Instruments by 6.6% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 6,724 shares of the semiconductor company’s stock valued at $1,261,000 after buying an additional 418 shares during the last quarter. Finally, Procyon Advisors LLC increased its stake in shares of Texas Instruments by 39.5% in the fourth quarter. Procyon Advisors LLC now owns 13,133 shares of the semiconductor company’s stock valued at $2,462,000 after buying an additional 3,721 shares during the period. 84.99% of the stock is currently owned by institutional investors.

Texas Instruments Stock Performance

Shares of Texas Instruments stock opened at $192.42 on Friday. The company has a market cap of $175.53 billion, a PE ratio of 35.77, a price-to-earnings-growth ratio of 3.69 and a beta of 0.98. The company has a quick ratio of 3.14, a current ratio of 4.31 and a debt-to-equity ratio of 0.74. Texas Instruments Incorporated has a 52 week low of $155.46 and a 52 week high of $220.38. The business has a 50 day moving average price of $195.35 and a 200-day moving average price of $199.65.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.09. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. The business had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $4.12 billion. During the same period last year, the business earned $1.80 EPS. The business’s revenue was down 8.4% on a year-over-year basis. Equities analysts anticipate that Texas Instruments Incorporated will post 5.08 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st will be given a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date of this dividend is Friday, January 31st. Texas Instruments’s payout ratio is 101.12%.

Wall Street Analyst Weigh In

A number of research firms recently commented on TXN. Truist Financial cut their price objective on Texas Instruments from $198.00 to $190.00 and set a “hold” rating on the stock in a research note on Wednesday, October 23rd. Robert W. Baird dropped their price target on shares of Texas Instruments from $200.00 to $175.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 23rd. Rosenblatt Securities reiterated a “buy” rating and set a $250.00 price objective on shares of Texas Instruments in a research report on Wednesday, October 23rd. Wells Fargo & Company dropped their target price on shares of Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. Finally, Morgan Stanley increased their price target on Texas Instruments from $154.00 to $167.00 and gave the stock an “underweight” rating in a report on Wednesday, October 23rd. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $209.71.

Insiders Place Their Bets

In related news, Director Ronald Kirk sold 10,539 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $203.33, for a total transaction of $2,142,894.87. Following the completion of the sale, the director now owns 14,323 shares in the company, valued at approximately $2,912,295.59. This trade represents a 42.39 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Robert E. Sanchez sold 9,990 shares of the business’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $208.80, for a total transaction of $2,085,912.00. Following the completion of the transaction, the director now owns 20,461 shares in the company, valued at approximately $4,272,256.80. The trade was a 32.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.68% of the company’s stock.

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.