Drive Wealth Management LLC Grows Position in Texas Instruments Incorporated (NASDAQ:TXN)

Drive Wealth Management LLC boosted its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 5.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,353 shares of the semiconductor company’s stock after acquiring an additional 73 shares during the quarter. Drive Wealth Management LLC’s holdings in Texas Instruments were worth $254,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. MidAtlantic Capital Management Inc. purchased a new position in Texas Instruments in the third quarter worth $28,000. Retirement Wealth Solutions LLC purchased a new position in Texas Instruments in the fourth quarter worth $27,000. Tsfg LLC raised 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 acquiring an additional 82 shares in the last quarter. Capital Performance Advisors LLP purchased a new position in Texas Instruments in the third quarter worth $39,000. Finally, FSA Wealth Management LLC purchased a new position in Texas Instruments in the third quarter worth $41,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on TXN. Bank of America dropped their price target on Texas Instruments from $220.00 to $215.00 and set a “neutral” rating for the company in a research report on Wednesday, October 23rd. Barclays dropped their price target on Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating for the company in a research report on Friday. Cantor Fitzgerald restated a “neutral” rating and issued a $200.00 price target on shares of Texas Instruments in a research report on Friday. Summit Insights upgraded Texas Instruments from a “hold” rating to a “buy” rating in a research report on Wednesday, October 23rd. Finally, Robert W. Baird dropped their price target on Texas Instruments from $200.00 to $175.00 and set a “neutral” rating for the company in a research report on Wednesday, October 23rd. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $209.20.

Texas Instruments Stock Up 0.8 %

Shares of NASDAQ:TXN opened at $187.03 on Tuesday. The stock’s 50-day moving average price is $193.38 and its two-hundred day moving average price is $199.43. The company has a current ratio of 4.31, a quick ratio of 3.14 and a debt-to-equity ratio of 0.74. Texas Instruments Incorporated has a 12-month low of $155.46 and a 12-month high of $220.38. The firm has a market cap of $170.61 billion, a price-to-earnings ratio of 34.76, a PEG ratio of 3.84 and a beta of 0.98.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings data on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.10. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. During the same period last year, the company posted $1.49 EPS. On average, research analysts forecast that Texas Instruments Incorporated will post 5.08 EPS for the current year.

Texas Instruments Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st will be paid a $1.36 dividend. This represents a $5.44 annualized dividend and a dividend yield of 2.91%. The ex-dividend date is Friday, January 31st. Texas Instruments’s dividend payout ratio is currently 101.12%.

Insider Activity

In related news, Director Ronald Kirk sold 10,539 shares of the business’s stock in a transaction that occurred on 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 transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.68% of the company’s stock.

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.