Howard Financial Services LTD. Increases Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Howard Financial Services LTD. boosted its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 107.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,901 shares of the semiconductor company’s stock after acquiring an additional 2,536 shares during the quarter. Howard Financial Services LTD.’s holdings in Texas Instruments were worth $919,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Assenagon Asset Management S.A. increased its position in shares of Texas Instruments by 948.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 4,794,646 shares of the semiconductor company’s stock worth $899,044,000 after acquiring an additional 4,337,295 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its stake in Texas Instruments by 454.5% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,256,289 shares of the semiconductor company’s stock worth $244,386,000 after purchasing an additional 1,029,741 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Texas Instruments by 4.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 19,250,433 shares of the semiconductor company’s stock valued at $3,976,562,000 after buying an additional 782,053 shares during the last quarter. International Assets Investment Management LLC raised its stake in Texas Instruments by 17,253.3% during the third quarter. International Assets Investment Management LLC now owns 613,440 shares of the semiconductor company’s stock valued at $126,718,000 after buying an additional 609,905 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Texas Instruments by 2.3% in the 3rd quarter. Geode Capital Management LLC now owns 21,286,790 shares of the semiconductor company’s stock worth $4,382,936,000 after acquiring an additional 487,892 shares in the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.

Insider Buying and Selling

In other Texas Instruments 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 transaction of $2,142,894.87. Following 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert E. Sanchez sold 9,990 shares of the company’s stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $208.80, for a total value of $2,085,912.00. Following the sale, the director now owns 20,461 shares of the company’s stock, 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 currently owned by corporate insiders.

Texas Instruments Stock Performance

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

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

Texas Instruments Dividend Announcement

The company also recently declared 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. The ex-dividend date is Friday, January 31st. This represents a $5.44 annualized dividend and a dividend yield of 2.83%. Texas Instruments’s payout ratio is 101.12%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Truist Financial dropped their price target on Texas Instruments from $198.00 to $190.00 and set a “hold” rating on the stock in a research report on Wednesday, October 23rd. Cantor Fitzgerald reissued a “neutral” rating and set a $200.00 target price on shares of Texas Instruments in a report on Wednesday, October 23rd. Morgan Stanley boosted their price objective on Texas Instruments from $154.00 to $167.00 and gave the company an “underweight” rating in a research report on Wednesday, October 23rd. Bank of America reduced their price target on shares of Texas Instruments from $220.00 to $215.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. Finally, Evercore ISI lifted their price objective on shares of Texas Instruments from $268.00 to $298.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, Texas Instruments has a consensus rating of “Hold” and an average target price of $209.71.

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.