Texas Instruments Incorporated (NASDAQ:TXN) Shares Acquired by Truist Financial Corp

Truist Financial Corp grew its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 5.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 248,568 shares of the semiconductor company’s stock after purchasing an additional 13,230 shares during the quarter. Truist Financial Corp’s holdings in Texas Instruments were worth $46,609,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of TXN. Howard Capital Management Group LLC acquired a new stake in Texas Instruments during the third quarter worth about $202,000. Raleigh Capital Management Inc. raised its stake in Texas Instruments by 13.3% during the third quarter. Raleigh Capital Management Inc. now owns 553 shares of the semiconductor company’s stock worth $114,000 after acquiring an additional 65 shares during the period. Foundations Investment Advisors LLC raised its stake in Texas Instruments by 31.0% during the third quarter. Foundations Investment Advisors LLC now owns 6,473 shares of the semiconductor company’s stock worth $1,337,000 after acquiring an additional 1,531 shares during the period. Krane Funds Advisors LLC raised its stake in Texas Instruments by 10.8% during the third quarter. Krane Funds Advisors LLC now owns 2,959 shares of the semiconductor company’s stock worth $611,000 after acquiring an additional 288 shares during the period. Finally, Maple Capital Management Inc. raised its stake in Texas Instruments by 4.2% during the third quarter. Maple Capital Management Inc. now owns 215,378 shares of the semiconductor company’s stock worth $44,491,000 after acquiring an additional 8,675 shares during the period. Institutional investors and hedge funds own 84.99% of the company’s stock.

Insider Activity at Texas Instruments

In other Texas Instruments news, Director Ronald Kirk sold 10,539 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $203.33, for a total value of $2,142,894.87. Following the completion of the sale, the director now owns 14,323 shares in the company, valued at $2,912,295.59. This represents a 42.39 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mark A. Blinn sold 590 shares of the stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $180.71, for a total transaction of $106,618.90. Following the completion of the sale, the director now owns 11,717 shares of the company’s stock, valued at approximately $2,117,379.07. The trade was a 4.79 % decrease in their position. The disclosure for this sale can be found here. 0.68% of the stock is owned by insiders.

Texas Instruments Trading Up 1.9 %

Shares of NASDAQ:TXN opened at $186.46 on Wednesday. The stock has a market capitalization of $170.09 billion, a price-to-earnings ratio of 35.93, a PEG ratio of 2.95 and a beta of 0.97. Texas Instruments Incorporated has a 1-year low of $159.11 and a 1-year high of $220.38. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.88 and a current ratio of 4.12. The company has a 50 day moving average price of $187.97 and a 200 day moving average price of $197.24.

Texas Instruments (NASDAQ:TXN) last issued its 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 30.68% and a return on equity of 28.08%. During the same quarter in the previous year, the business earned $1.49 earnings per share. On average, research analysts anticipate that Texas Instruments Incorporated will post 5.38 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Friday, January 31st were given a $1.36 dividend. The ex-dividend date of this dividend was Friday, January 31st. This represents a $5.44 annualized dividend and a dividend yield of 2.92%. Texas Instruments’s dividend payout ratio (DPR) is presently 104.82%.

Analysts Set New Price Targets

Several research analysts have commented on TXN shares. Truist Financial decreased their target price 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. Morgan Stanley upped their target price on shares of Texas Instruments from $154.00 to $167.00 and gave the stock an “underweight” rating in a research report on Wednesday, October 23rd. Evercore ISI upped their target price on shares of Texas Instruments from $268.00 to $298.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Robert W. Baird decreased their target price on shares of Texas Instruments from $200.00 to $175.00 and set a “neutral” rating for the company in a research report on Wednesday, October 23rd. Finally, Barclays decreased their target price on shares of Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating for the company in a research report on Friday, January 24th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $209.20.

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.