Texas Instruments Incorporated (NASDAQ:TXN) Shares Purchased by Spinnaker Trust

Spinnaker Trust grew its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 3.8% in the 4th quarter, Holdings Channel reports. The fund owned 50,496 shares of the semiconductor company’s stock after acquiring an additional 1,857 shares during the period. Spinnaker Trust’s holdings in Texas Instruments were worth $8,608,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Annapolis Financial Services LLC lifted its position in Texas Instruments by 333.3% in the 3rd quarter. Annapolis Financial Services LLC now owns 156 shares of the semiconductor company’s stock valued at $25,000 after purchasing an additional 120 shares during the last quarter. Briaud Financial Planning Inc acquired a new stake in shares of Texas Instruments during the third quarter valued at approximately $25,000. Tennessee Valley Asset Management Partners purchased a new stake in shares of Texas Instruments in the fourth quarter valued at $25,000. Life Planning Partners Inc acquired a new stake in Texas Instruments during the 4th quarter worth about $26,000. Finally, AMH Equity Ltd purchased a new position in Texas Instruments during the third quarter valued at approximately $32,000. Institutional investors own 84.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. JPMorgan Chase & Co. raised their price objective on shares of Texas Instruments from $180.00 to $195.00 and gave the company an “overweight” rating in a research report on Wednesday. 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 report on Wednesday. Stifel Nicolaus lifted their price objective on Texas Instruments from $160.00 to $172.00 and gave the company a “hold” rating in a report on Wednesday. TD Cowen upped their price objective on shares of Texas Instruments from $160.00 to $175.00 and gave the stock a “hold” rating in a research note on Wednesday. Finally, Truist Financial boosted their target price on shares of Texas Instruments from $165.00 to $167.00 and gave the stock a “hold” rating in a research note on Wednesday. Three equities 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 stock. According to data from MarketBeat.com, Texas Instruments currently has a consensus rating of “Hold” and a consensus price target of $180.74.

Insiders Place Their Bets

In other news, Director Mark A. Blinn sold 1,744 shares of the stock in a transaction dated Wednesday, January 31st. The shares were 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 $1,869,126.05. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.68% of the stock is owned by insiders.

Texas Instruments Stock Performance

NASDAQ:TXN traded up $2.23 during trading on Friday, reaching $177.48. The company’s stock had a trading volume of 5,401,537 shares, compared to its average volume of 5,707,532. Texas Instruments Incorporated has a 12 month low of $139.48 and a 12 month high of $188.12. The firm has a 50 day moving average of $169.29 and a 200-day moving average of $162.22. The company has a debt-to-equity ratio of 0.76, a quick ratio of 3.35 and a current ratio of 4.91. The firm has a market cap of $161.52 billion, a price-to-earnings ratio of 27.69, a price-to-earnings-growth ratio of 3.77 and a beta of 1.04.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings data on Tuesday, April 23rd. The semiconductor company reported $1.20 EPS for the quarter, topping the consensus estimate 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%. Texas Instruments’s revenue for the quarter was down 16.4% on a year-over-year basis. During the same period last year, the firm earned $1.85 EPS. Research analysts expect that Texas Instruments Incorporated will post 5.16 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 21st. Stockholders of record on Wednesday, May 8th will be issued a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date is Tuesday, May 7th. Texas Instruments’s payout ratio is currently 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.