EverSource Wealth Advisors LLC Buys 144 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

EverSource Wealth Advisors LLC boosted its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 5.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 2,613 shares of the semiconductor company’s stock after purchasing an additional 144 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Texas Instruments were worth $445,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Tennessee Valley Asset Management Partners purchased a new stake in Texas Instruments in the fourth quarter valued at about $25,000. Life Planning Partners Inc acquired a new stake in Texas Instruments in the 4th quarter worth approximately $26,000. Briaud Financial Planning Inc purchased a new stake in Texas Instruments during the 3rd quarter worth approximately $25,000. Pacific Capital Wealth Advisors Inc. acquired a new position in Texas Instruments during the 4th quarter valued at approximately $31,000. Finally, AMH Equity Ltd purchased a new position in shares of Texas Instruments in the third quarter worth $32,000. Institutional investors own 84.99% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on TXN shares. Susquehanna upped their target price on Texas Instruments from $200.00 to $205.00 and gave the company a “positive” rating in a research report on Wednesday, April 24th. Stifel Nicolaus upped their target price on Texas Instruments from $160.00 to $172.00 and gave the company a “hold” rating in a research report on Wednesday, April 24th. JPMorgan Chase & Co. increased their price target on shares of Texas Instruments from $180.00 to $195.00 and gave the stock an “overweight” rating in a report on Wednesday, April 24th. Robert W. Baird lifted their price objective on shares of Texas Instruments from $125.00 to $175.00 and gave the company a “neutral” rating in a research note on Thursday, April 25th. Finally, Truist Financial increased their price objective on shares of Texas Instruments from $165.00 to $167.00 and gave the stock a “hold” rating in a research note on Wednesday, April 24th. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $182.48.

Insiders Place Their Bets

In other news, Director Pamela H. Patsley sold 9,990 shares of Texas Instruments 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 legal filing with the SEC, which can be accessed through this hyperlink. In related news, Director Pamela H. Patsley sold 9,990 shares of the stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $179.12, for a total value of $1,789,408.80. Following the completion of the transaction, the director now directly owns 33,348 shares in the company, valued at $5,973,293.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert E. Sanchez sold 10,539 shares of Texas Instruments stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $174.97, for a total value of $1,844,008.83. Following the completion of the sale, the director now owns 20,461 shares in the company, valued at approximately $3,580,061.17. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 328,969 shares of company stock valued at $58,427,984. Insiders own 0.68% of the company’s stock.

Texas Instruments Price Performance

Shares of NASDAQ TXN traded down $2.86 during midday trading on Thursday, hitting $199.68. The stock had a trading volume of 1,467,836 shares, compared to its average volume of 5,598,751. 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 Incorporated has a 1 year low of $139.48 and a 1 year high of $203.62. The company has a market capitalization of $181.80 billion, a PE ratio of 31.60, a P/E/G ratio of 4.28 and a beta of 1.01. The stock has a 50 day simple moving average of $176.10 and a 200-day simple moving average of $167.16.

Texas Instruments (NASDAQ:TXN) last announced its earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.13. The company had revenue of $3.66 billion for the quarter, compared to analysts’ expectations of $3.61 billion. Texas Instruments had a net margin of 35.16% and a return on equity of 35.28%. The firm’s quarterly revenue was down 16.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.85 EPS. On average, sell-side analysts expect that Texas Instruments Incorporated will post 5.17 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 21st. Investors of record on Wednesday, May 8th were given a dividend of $1.30 per share. The ex-dividend date of this dividend was Tuesday, May 7th. This represents a $5.20 dividend on an annualized basis and a yield of 2.60%. Texas Instruments’s payout ratio is 81.12%.

Texas Instruments Company 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.