Sandy Cove Advisors LLC Acquires 80 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Sandy Cove Advisors LLC grew its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 5.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,474 shares of the semiconductor company’s stock after buying an additional 80 shares during the quarter. Sandy Cove Advisors LLC’s holdings in Texas Instruments were worth $257,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Trilogy Capital Inc. acquired a new stake in Texas Instruments during the first quarter valued at $2,735,000. Cornerstone Wealth Group LLC acquired a new stake in shares of Texas Instruments in the first quarter valued at $254,000. New Mexico Educational Retirement Board boosted its position in Texas Instruments by 13.5% in the 1st quarter. New Mexico Educational Retirement Board now owns 53,654 shares of the semiconductor company’s stock valued at $9,844,000 after buying an additional 6,400 shares during the period. Guidance Capital Inc. increased its stake in shares of Texas Instruments by 23.9% during the first quarter. Guidance Capital Inc. now owns 4,966 shares of the semiconductor company’s stock worth $826,000 after buying an additional 957 shares during the period. Finally, Coston McIsaac & Partners raised its position in shares of Texas Instruments by 3.3% during the 1st quarter. Coston McIsaac & Partners now owns 27,477 shares of the semiconductor company’s stock worth $4,787,000 after acquiring an additional 876 shares in the last quarter. 84.99% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Chairman Richard K. Templeton sold 104,000 shares of the stock in a transaction dated 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 owns 403,851 shares in the company, valued at $72,160,096.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Texas Instruments news, Chairman Richard K. Templeton sold 104,000 shares of the stock in a transaction on Monday, April 29th. The stock was sold at an average price of $178.68, for a total transaction of $18,582,720.00. Following the sale, the chairman now owns 403,851 shares in the company, valued at approximately $72,160,096.68. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Pamela H. Patsley sold 9,990 shares of the company’s stock in a transaction on Monday, April 29th. The shares were 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 owns 33,348 shares of the company’s stock, valued at $5,973,293.76. The disclosure for this sale can be found here. In the last quarter, insiders sold 328,969 shares of company stock worth $58,427,984. 0.68% of the stock is currently owned by company insiders.

Texas Instruments Trading Up 0.6 %

Texas Instruments stock traded up $1.10 during trading hours on Friday, hitting $194.53. The company had a trading volume of 8,860,990 shares, compared to its average volume of 4,647,702. The company has a debt-to-equity ratio of 0.76, a quick ratio of 3.76 and a current ratio of 4.91. The company has a 50-day moving average price of $190.26 and a two-hundred day moving average price of $175.28. The firm has a market cap of $177.12 billion, a P/E ratio of 30.35, a P/E/G ratio of 4.21 and a beta of 1.00. Texas Instruments Incorporated has a 1 year low of $139.48 and a 1 year high of $206.00.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.13. Texas Instruments had a net margin of 35.16% and a return on equity of 35.28%. The company had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $3.61 billion. During the same quarter in the prior year, the company earned $1.85 EPS. Texas Instruments’s quarterly revenue was down 16.4% on a year-over-year basis. On average, sell-side analysts anticipate that Texas Instruments Incorporated will post 5.13 earnings per share for the current year.

Texas Instruments Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 21st. Investors of record on Wednesday, May 8th were paid a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 2.67%. The ex-dividend date of this dividend was Tuesday, May 7th. Texas Instruments’s payout ratio is currently 81.12%.

Analyst Ratings Changes

Several research firms have weighed in on TXN. Benchmark raised their target price on shares of Texas Instruments from $210.00 to $230.00 and gave the company a “buy” rating in a report on Friday, June 21st. Cantor Fitzgerald raised their price target on shares of Texas Instruments from $180.00 to $210.00 and gave the company a “neutral” rating in a report on Wednesday, May 15th. Truist Financial raised their price target on shares of Texas Instruments from $165.00 to $167.00 and gave the stock a “hold” rating in a research report on Wednesday, April 24th. Rosenblatt Securities restated a “buy” rating and set a $210.00 price objective on shares of Texas Instruments in a research note on Wednesday, April 24th. Finally, Evercore ISI lifted their price target on shares of Texas Instruments from $213.00 to $225.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Texas Instruments has a consensus rating of “Hold” and a consensus price target of $183.43.

Texas Instruments 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.