Principle Wealth Partners LLC Purchases 630 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Principle Wealth Partners LLC boosted its position in Texas Instruments Incorporated (NASDAQ:TXN) by 2.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 28,335 shares of the semiconductor company’s stock after acquiring an additional 630 shares during the period. Principle Wealth Partners LLC’s holdings in Texas Instruments were worth $4,830,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Intact Investment Management Inc. raised its stake in shares of Texas Instruments by 21.6% in the fourth quarter. Intact Investment Management Inc. now owns 67,100 shares of the semiconductor company’s stock worth $11,438,000 after purchasing an additional 11,900 shares during the last quarter. Alliance Wealth Advisors LLC UT raised its stake in shares of Texas Instruments by 1.9% in the fourth quarter. Alliance Wealth Advisors LLC UT now owns 12,811 shares of the semiconductor company’s stock worth $2,184,000 after purchasing an additional 242 shares during the last quarter. Russell Investments Group Ltd. raised its stake in shares of Texas Instruments by 8.6% in the fourth quarter. Russell Investments Group Ltd. now owns 725,220 shares of the semiconductor company’s stock worth $123,753,000 after purchasing an additional 57,574 shares during the last quarter. White Pine Capital LLC raised its stake in shares of Texas Instruments by 4.0% in the fourth quarter. White Pine Capital LLC now owns 1,938 shares of the semiconductor company’s stock worth $330,000 after purchasing an additional 74 shares during the last quarter. Finally, Golden State Equity Partners raised its stake in shares of Texas Instruments by 35.0% in the fourth quarter. Golden State Equity Partners now owns 6,663 shares of the semiconductor company’s stock worth $1,136,000 after purchasing an additional 1,728 shares during the last quarter. Institutional investors own 84.99% of the company’s stock.

Analyst Upgrades and Downgrades

TXN has been the subject of several analyst reports. Oppenheimer reissued a “market perform” rating on shares of Texas Instruments in a research note on Wednesday. TD Cowen increased their price target on Texas Instruments from $160.00 to $175.00 and gave the company a “hold” rating in a research report on Wednesday. JPMorgan Chase & Co. increased their price target on Texas Instruments from $180.00 to $195.00 and gave the company an “overweight” rating in a research report on Wednesday. The Goldman Sachs Group increased their price target on Texas Instruments from $137.00 to $157.00 and gave the company a “sell” rating in a research report on Wednesday. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and set a $180.00 price target on shares of Texas Instruments in a research report on Wednesday. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $180.74.

Texas Instruments Stock Performance

Shares of NASDAQ:TXN traded up $2.23 during midday trading on Friday, reaching $177.48. 5,401,860 shares of the company traded hands, compared to its average volume of 5,477,503. The company has a quick ratio of 3.35, a current ratio of 4.91 and a debt-to-equity ratio of 0.76. Texas Instruments Incorporated has a 12 month low of $139.48 and a 12 month high of $188.12. The firm has a market capitalization of $161.59 billion, a price-to-earnings ratio of 27.69, a price-to-earnings-growth ratio of 3.79 and a beta of 1.04. The firm’s fifty day moving average price is $169.29 and its two-hundred day moving average price is $162.25.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings data on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. Texas Instruments had a return on equity of 35.28% and a net margin of 35.16%. The company had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.61 billion. During the same period in the previous year, the company posted $1.85 EPS. The firm’s revenue for the quarter was down 16.4% compared to the same quarter last year. On average, equities analysts expect that Texas Instruments Incorporated will post 5.21 earnings per share for the current 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 issued a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 2.93%. The ex-dividend date of this dividend is Tuesday, May 7th. Texas Instruments’s dividend payout ratio is presently 81.12%.

Insider Activity at Texas Instruments

In related news, Director Mark A. Blinn sold 1,744 shares of the stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $159.85, for a total transaction of $278,778.40. Following the completion of the sale, the director now directly owns 11,693 shares in the company, valued at approximately $1,869,126.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.68% of the stock is currently owned by company insiders.

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.