Davis Investment Partners LLC Buys Shares of 1,107 Texas Instruments Incorporated (NASDAQ:TXN)

Davis Investment Partners LLC bought a new position in shares of Texas Instruments Incorporated (NASDAQ:TXN) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 1,107 shares of the semiconductor company’s stock, valued at approximately $211,000.

Other institutional investors also recently modified their holdings of the company. Eastern Bank grew its stake in Texas Instruments by 6.2% in the fourth quarter. Eastern Bank now owns 3,714 shares of the semiconductor company’s stock valued at $696,000 after acquiring an additional 218 shares during the period. Fulcrum Capital LLC grew its position in shares of Texas Instruments by 7.7% in the 4th quarter. Fulcrum Capital LLC now owns 1,691 shares of the semiconductor company’s stock valued at $317,000 after purchasing an additional 121 shares during the period. Cooper Financial Group increased its stake in Texas Instruments by 15.0% during the 4th quarter. Cooper Financial Group now owns 1,496 shares of the semiconductor company’s stock worth $281,000 after purchasing an additional 195 shares in the last quarter. Moody National Bank Trust Division raised its holdings in Texas Instruments by 1.5% during the 4th quarter. Moody National Bank Trust Division now owns 8,125 shares of the semiconductor company’s stock worth $1,524,000 after buying an additional 117 shares during the period. Finally, Westmount Partners LLC lifted its stake in Texas Instruments by 6.3% in the fourth quarter. Westmount Partners LLC now owns 1,334 shares of the semiconductor company’s stock valued at $250,000 after buying an additional 79 shares in the last quarter. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently commented on TXN shares. Cantor Fitzgerald restated a “neutral” rating and set a $200.00 price objective on shares of Texas Instruments in a report on Wednesday, October 23rd. Benchmark reissued a “buy” rating and issued a $230.00 price target on shares of Texas Instruments in a research note on Wednesday, October 23rd. Morgan Stanley boosted their price target on Texas Instruments from $154.00 to $167.00 and gave the company an “underweight” rating in a report on Wednesday, October 23rd. Summit Insights upgraded Texas Instruments from a “hold” rating to a “buy” rating in a research note on Wednesday, October 23rd. Finally, Susquehanna decreased their price target on shares of Texas Instruments from $250.00 to $240.00 and set a “positive” rating for the company in a research note on Monday, October 21st. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $209.71.

Insiders Place Their Bets

In other Texas Instruments news, Director Ronald Kirk sold 10,539 shares of Texas Instruments stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $203.33, for a total transaction of $2,142,894.87. Following the transaction, the director now directly owns 14,323 shares of the company’s stock, valued at approximately $2,912,295.59. The trade was a 42.39 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert E. Sanchez sold 9,990 shares of the firm’s stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $208.80, for a total transaction of $2,085,912.00. Following the transaction, the director now owns 20,461 shares of the company’s stock, valued at approximately $4,272,256.80. The trade was a 32.81 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.68% of the company’s stock.

Texas Instruments Price Performance

TXN stock traded up $0.94 during mid-day trading on Monday, hitting $191.09. The stock had a trading volume of 4,755,186 shares, compared to its average volume of 4,998,998. Texas Instruments Incorporated has a 52 week low of $155.46 and a 52 week high of $220.38. The firm has a market capitalization of $174.32 billion, a P/E ratio of 35.52, a P/E/G ratio of 4.19 and a beta of 0.98. The company has a current ratio of 4.31, a quick ratio of 3.14 and a debt-to-equity ratio of 0.74. The firm has a fifty day simple moving average of $196.73 and a 200 day simple moving average of $199.78.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.09. The business had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.12 billion. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. Texas Instruments’s revenue for the quarter was down 8.4% on a year-over-year basis. During the same period in the prior year, the company earned $1.80 EPS. As a group, research analysts forecast that Texas Instruments Incorporated will post 5.08 EPS for the current year.

Texas Instruments Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st were given a $1.36 dividend. The ex-dividend date was Thursday, October 31st. This represents a $5.44 dividend on an annualized basis and a yield of 2.85%. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.30. Texas Instruments’s dividend payout ratio (DPR) is currently 101.12%.

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.