Clearstead Trust LLC Buys 2,438 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Clearstead Trust LLC raised its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 531.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,897 shares of the semiconductor company’s stock after acquiring an additional 2,438 shares during the period. Clearstead Trust LLC’s holdings in Texas Instruments were worth $494,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. J.W. Cole Advisors Inc. boosted its stake in Texas Instruments by 4.8% in the third quarter. J.W. Cole Advisors Inc. now owns 7,309 shares of the semiconductor company’s stock worth $1,162,000 after purchasing an additional 338 shares in the last quarter. Signet Financial Management LLC grew its holdings in Texas Instruments by 2.1% during the 3rd quarter. Signet Financial Management LLC now owns 9,565 shares of the semiconductor company’s stock worth $1,521,000 after acquiring an additional 193 shares during the last quarter. Miracle Mile Advisors LLC increased its position in Texas Instruments by 2.7% in the 3rd quarter. Miracle Mile Advisors LLC now owns 7,544 shares of the semiconductor company’s stock valued at $1,200,000 after acquiring an additional 195 shares in the last quarter. Intellectus Partners LLC raised its stake in shares of Texas Instruments by 6.0% in the third quarter. Intellectus Partners LLC now owns 4,278 shares of the semiconductor company’s stock worth $680,000 after acquiring an additional 244 shares during the last quarter. Finally, Sawyer & Company Inc acquired a new position in shares of Texas Instruments during the third quarter worth approximately $41,000. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Texas Instruments Stock Up 1.8 %

Shares of NASDAQ:TXN traded up $3.11 during midday trading on Friday, reaching $178.91. The company had a trading volume of 4,545,090 shares, compared to its average volume of 6,059,944. The stock has a market cap of $162.89 billion, a PE ratio of 27.91, a P/E/G ratio of 3.75 and a beta of 1.01. Texas Instruments Incorporated has a 1-year low of $139.48 and a 1-year high of $188.12. The business’s 50 day moving average price is $170.68 and its 200 day moving average price is $162.98. The company has a quick ratio of 3.76, a current ratio of 4.91 and a debt-to-equity ratio of 0.76.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Tuesday, April 23rd. The semiconductor company reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. The company had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.61 billion. Texas Instruments had a net margin of 35.16% and a return on equity of 35.28%. The company’s quarterly revenue was down 16.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.85 EPS. Research analysts forecast that Texas Instruments Incorporated will post 5.21 EPS for the current fiscal year.

Texas Instruments Announces Dividend

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

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, Director Pamela H. Patsley sold 9,990 shares of the firm’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $179.12, for a total transaction of $1,789,408.80. Following the transaction, the director now owns 33,348 shares in the company, valued at approximately $5,973,293.76. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Texas Instruments news, Director Pamela H. Patsley sold 9,990 shares of the stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $179.12, for a total transaction of $1,789,408.80. Following the sale, the director now directly owns 33,348 shares in the company, valued at $5,973,293.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Richard K. Templeton sold 104,000 shares of the stock in a transaction on Monday, April 29th. The shares were sold at an average price of $178.68, for a total value of $18,582,720.00. Following the completion of the transaction, the chairman now owns 403,851 shares of the company’s stock, valued at $72,160,096.68. The disclosure for this sale can be found here. Insiders sold 228,529 shares of company stock valued at $40,502,458 in the last quarter. 0.68% of the stock is currently owned by insiders.

Analysts Set New Price Targets

TXN has been the subject of several research analyst reports. Mizuho boosted their price objective on shares of Texas Instruments from $164.00 to $170.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. Evercore ISI lifted their price objective on Texas Instruments from $213.00 to $225.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. Morgan Stanley raised their target price on shares of Texas Instruments from $138.00 to $146.00 and gave the company an “underweight” rating in a research note on Wednesday, January 24th. Rosenblatt Securities restated a “buy” rating and issued a $210.00 price target on shares of Texas Instruments in a research report on Wednesday, April 24th. Finally, Robert W. Baird boosted their price objective on shares of Texas Instruments from $125.00 to $175.00 and gave the company a “neutral” rating in a report on Thursday, April 25th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $180.74.

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.