Cottonwood Capital Advisors LLC Raises Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Cottonwood Capital Advisors LLC lifted its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 61.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,240 shares of the semiconductor company’s stock after purchasing an additional 849 shares during the period. Cottonwood Capital Advisors LLC’s holdings in Texas Instruments were worth $420,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Curated Wealth Partners LLC grew its holdings in shares of Texas Instruments by 8.9% during the 4th quarter. Curated Wealth Partners LLC now owns 7,020 shares of the semiconductor company’s stock worth $1,316,000 after acquiring an additional 571 shares during the period. CX Institutional grew its position in shares of Texas Instruments by 3.4% in the 4th quarter. CX Institutional now owns 3,601 shares of the semiconductor company’s stock worth $675,000 after buying an additional 120 shares during the period. Metropolis Capital Ltd lifted its position in Texas Instruments by 18.5% during the 4th quarter. Metropolis Capital Ltd now owns 1,440,563 shares of the semiconductor company’s stock valued at $270,120,000 after acquiring an additional 224,691 shares during the period. Sound Income Strategies LLC boosted its stake in Texas Instruments by 18.2% during the fourth quarter. Sound Income Strategies LLC now owns 1,824 shares of the semiconductor company’s stock worth $342,000 after acquiring an additional 281 shares in the last quarter. Finally, MFA Wealth Services purchased a new stake in Texas Instruments in the fourth quarter worth about $284,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Texas Instruments Stock Down 7.5 %

NASDAQ TXN opened at $185.52 on Friday. The stock’s 50-day moving average price is $193.69 and its 200-day moving average price is $199.57. The company has a market capitalization of $169.24 billion, a P/E ratio of 34.48, a price-to-earnings-growth ratio of 3.84 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.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.10. Texas Instruments had a net margin of 31.60% and a return on equity of 29.05%. During the same period last year, the company earned $1.49 earnings per share. On average, equities research analysts predict that Texas Instruments Incorporated will post 5.08 earnings per share for the current year.

Texas Instruments Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st will be issued a dividend of $1.36 per share. The ex-dividend date of this dividend is Friday, January 31st. This represents a $5.44 dividend on an annualized basis and a yield of 2.93%. Texas Instruments’s dividend payout ratio is presently 101.12%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on TXN. Mizuho cut their price target on Texas Instruments from $200.00 to $190.00 and set a “neutral” rating on the stock in a research note on Friday. Summit Insights raised Texas Instruments from a “hold” rating to a “buy” rating in a research note on Wednesday, October 23rd. Benchmark restated a “buy” rating and set a $230.00 price target on shares of Texas Instruments in a report on Friday. Cantor Fitzgerald reiterated a “neutral” rating and issued a $200.00 price target on shares of Texas Instruments in a research note on Friday. Finally, Wells Fargo & Company reduced their price objective on shares of Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $209.20.

Insider Activity

In other Texas Instruments news, Director Ronald Kirk sold 10,539 shares of the 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 transaction, the director now owns 14,323 shares of the company’s stock, valued at $2,912,295.59. This represents a 42.39 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company 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.