Legacy Capital Wealth Partners LLC Boosts Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Legacy Capital Wealth Partners LLC boosted its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 6.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,202 shares of the semiconductor company’s stock after buying an additional 260 shares during the period. Legacy Capital Wealth Partners LLC’s holdings in Texas Instruments were worth $788,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of TXN. Financial Life Planners purchased a new stake in Texas Instruments during the 4th quarter worth approximately $26,000. Retirement Wealth Solutions LLC purchased a new stake in Texas Instruments during the 4th quarter worth approximately $27,000. MidAtlantic Capital Management Inc. purchased a new stake in Texas Instruments during the 3rd quarter worth approximately $28,000. Capital Performance Advisors LLP purchased a new stake in Texas Instruments during the 3rd quarter worth approximately $39,000. Finally, FSA Wealth Management LLC purchased a new stake in shares of Texas Instruments in the third quarter valued at approximately $41,000. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on TXN shares. Summit Insights upgraded Texas Instruments from a “hold” rating to a “buy” rating in a research report on Wednesday, October 23rd. Morgan Stanley upped their price target on Texas Instruments from $154.00 to $167.00 and gave the company an “underweight” rating in a research report on Wednesday, October 23rd. Truist Financial dropped their price target on Texas Instruments from $199.00 to $195.00 and set a “hold” rating for the company in a research report on Friday, January 24th. Benchmark restated a “buy” rating and issued a $230.00 price target on shares of Texas Instruments in a research report on Friday, January 24th. Finally, Barclays dropped their price target on 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 given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, Texas Instruments presently has a consensus rating of “Hold” and an average target price of $209.20.

Insider Activity

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

Texas Instruments Stock Up 1.2 %

NASDAQ:TXN opened at $183.03 on Friday. The company has a quick ratio of 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76. The stock’s fifty day moving average is $188.18 and its two-hundred day moving average is $197.38. Texas Instruments Incorporated has a 52 week low of $158.90 and a 52 week high of $220.38. The stock has a market capitalization of $166.96 billion, a price-to-earnings ratio of 35.27, a price-to-earnings-growth ratio of 2.95 and a beta of 0.97.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.10. Texas Instruments had a return on equity of 28.08% and a net margin of 30.68%. During the same quarter in the previous year, the business earned $1.49 EPS. Research analysts anticipate that Texas Instruments Incorporated will post 5.38 EPS for the current year.

Texas Instruments Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st were paid a $1.36 dividend. This represents a $5.44 annualized dividend and a dividend yield of 2.97%. The ex-dividend date of this dividend was Friday, January 31st. Texas Instruments’s payout ratio is currently 104.82%.

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.