FFT Wealth Management LLC Invests $227,000 in Texas Instruments Incorporated (NASDAQ:TXN)

FFT Wealth Management LLC purchased a new position in shares of Texas Instruments Incorporated (NASDAQ:TXN) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 1,330 shares of the semiconductor company’s stock, valued at approximately $227,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in TXN. Morgan Stanley lifted its stake in Texas Instruments by 14.2% in the 3rd quarter. Morgan Stanley now owns 14,154,358 shares of the semiconductor company’s stock valued at $2,250,685,000 after purchasing an additional 1,755,582 shares during the last quarter. California Public Employees Retirement System increased its position in Texas Instruments by 33.2% in the 4th quarter. California Public Employees Retirement System now owns 6,035,704 shares of the semiconductor company’s stock valued at $1,028,846,000 after acquiring an additional 1,502,989 shares during the period. Assenagon Asset Management S.A. increased its position in Texas Instruments by 565.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,693,577 shares of the semiconductor company’s stock valued at $288,687,000 after acquiring an additional 1,439,066 shares during the period. Baillie Gifford & Co. increased its position in Texas Instruments by 338.4% in the 4th quarter. Baillie Gifford & Co. now owns 1,795,191 shares of the semiconductor company’s stock valued at $306,008,000 after acquiring an additional 1,385,725 shares during the period. Finally, J.P. Morgan Private Wealth Advisors LLC acquired a new position in Texas Instruments in the 3rd quarter valued at approximately $196,135,000. Institutional investors own 84.99% of the company’s stock.

Insider Transactions at Texas Instruments

In related news, Director Pamela H. Patsley sold 9,990 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the director now owns 33,348 shares of the company’s stock, valued at $5,973,293.76. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Texas Instruments news, Chairman Richard K. Templeton sold 104,000 shares of Texas Instruments stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $178.68, for a total transaction of $18,582,720.00. Following the completion of the sale, the chairman now directly owns 403,851 shares in the company, valued at $72,160,096.68. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Pamela H. Patsley sold 9,990 shares of Texas Instruments stock in a transaction that occurred on 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 owns 33,348 shares of the company’s stock, valued at $5,973,293.76. The disclosure for this sale can be found here. Corporate insiders own 0.68% of the company’s stock.

Analysts Set New Price Targets

TXN has been the subject of several recent research reports. Benchmark restated a “buy” rating and issued a $210.00 price target on shares of Texas Instruments in a research report on Wednesday, April 24th. Cantor Fitzgerald reiterated a “neutral” rating and set a $180.00 price objective on shares of Texas Instruments in a research report on Wednesday, April 24th. UBS Group upgraded shares of Texas Instruments from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $170.00 to $195.00 in a research report on Friday, January 19th. Barclays decreased their price objective on shares of Texas Instruments from $160.00 to $150.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 24th. Finally, Morgan Stanley increased their price objective on shares of Texas Instruments from $138.00 to $146.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 24th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $180.74.

Texas Instruments Stock Performance

NASDAQ TXN traded down $0.13 during trading hours on Thursday, reaching $175.07. 812,275 shares of the company were exchanged, compared to its average volume of 5,655,958. Texas Instruments Incorporated has a 1 year low of $139.48 and a 1 year high of $188.12. The business’s 50 day simple moving average is $170.17 and its 200-day simple moving average is $162.71. The company has a quick ratio of 3.76, a current ratio of 4.91 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $159.40 billion, a P/E ratio of 27.33, a P/E/G ratio of 3.76 and a beta of 1.01.

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

Texas Instruments Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 21st. Stockholders of record on Wednesday, May 8th will be paid a $1.30 dividend. The ex-dividend date of this dividend is Tuesday, May 7th. This represents a $5.20 annualized dividend and a dividend yield of 2.97%. Texas Instruments’s payout ratio is 81.12%.

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.