Alhambra Investment Management LLC Purchases Shares of 1,071 Texas Instruments Incorporated (NASDAQ:TXN)

Alhambra Investment Management LLC acquired a new position in shares of Texas Instruments Incorporated (NASDAQ:TXN) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 1,071 shares of the semiconductor company’s stock, valued at approximately $201,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Retirement Wealth Solutions LLC purchased a new stake in Texas Instruments during the fourth quarter valued at approximately $27,000. MidAtlantic Capital Management Inc. purchased a new stake in Texas Instruments during the 3rd quarter valued at $28,000. Tsfg LLC lifted its position in Texas Instruments by 82.0% in the third quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock worth $38,000 after buying an additional 82 shares during the last quarter. Capital Performance Advisors LLP purchased a new position in Texas Instruments during the third quarter worth $39,000. Finally, FSA Wealth Management LLC bought a new position in Texas Instruments during the third quarter valued at $41,000. 84.99% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TXN has been the subject of several analyst reports. Evercore ISI raised their target price on shares of Texas Instruments from $268.00 to $298.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Summit Insights raised shares of Texas Instruments from a “hold” rating to a “buy” rating in a research note on Wednesday, October 23rd. Robert W. Baird reduced their price target on Texas Instruments from $200.00 to $175.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. Rosenblatt Securities restated a “buy” rating and set a $250.00 price objective on shares of Texas Instruments in a report on Wednesday, October 23rd. Finally, Benchmark reiterated a “buy” rating and issued a $230.00 target price on shares of Texas Instruments in a research note on Wednesday, October 23rd. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $209.71.

Insiders Place Their Bets

In other news, Director Ronald Kirk sold 10,539 shares of the firm’s stock in a transaction dated 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 completion of the transaction, 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Robert E. Sanchez sold 9,990 shares of the 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 completion of the transaction, the director now owns 20,461 shares in the company, valued at approximately $4,272,256.80. This trade represents a 32.81 % decrease in their position. The disclosure for this sale can be found here. 0.68% of the stock is owned by insiders.

Texas Instruments Trading Up 2.7 %

NASDAQ TXN opened at $192.42 on Friday. The firm has a market cap of $175.53 billion, a PE ratio of 35.77, a price-to-earnings-growth ratio of 3.69 and a beta of 0.98. Texas Instruments Incorporated has a 52 week low of $155.46 and a 52 week high of $220.38. The company has a quick ratio of 3.14, a current ratio of 4.31 and a debt-to-equity ratio of 0.74. The company has a 50 day moving average price of $195.35 and a 200 day moving average price of $199.65.

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

Texas Instruments Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 11th. Investors of record on Friday, January 31st will be paid a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date is Friday, January 31st. Texas Instruments’s dividend payout ratio (DPR) is presently 101.12%.

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.