Auxano Advisors LLC Invests $608,000 in Texas Instruments Incorporated (NASDAQ:TXN)

Auxano Advisors LLC bought a new position in Texas Instruments Incorporated (NASDAQ:TXN) during the fourth quarter, HoldingsChannel.com reports. The fund bought 3,569 shares of the semiconductor company’s stock, valued at approximately $608,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Tennessee Valley Asset Management Partners bought a new position in Texas Instruments during the 4th quarter worth about $25,000. Life Planning Partners Inc bought a new position in shares of Texas Instruments during the fourth quarter valued at approximately $26,000. Annapolis Financial Services LLC increased its holdings in Texas Instruments by 333.3% during the third quarter. Annapolis Financial Services LLC now owns 156 shares of the semiconductor company’s stock valued at $25,000 after buying an additional 120 shares during the period. Briaud Financial Planning Inc purchased a new stake in Texas Instruments during the third quarter worth $25,000. Finally, AMH Equity Ltd bought a new stake in Texas Instruments during the 3rd quarter valued at $32,000. 84.99% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. The Goldman Sachs Group boosted their price objective on shares of Texas Instruments from $137.00 to $157.00 and gave the stock a “sell” rating in a research note on Wednesday, April 24th. Robert W. Baird raised their target price on Texas Instruments from $125.00 to $175.00 and gave the stock a “neutral” rating in a report on Thursday, April 25th. Rosenblatt Securities reissued a “buy” rating and issued a $210.00 price target on shares of Texas Instruments in a research note on Wednesday, April 24th. Susquehanna upped their price target on shares of Texas Instruments from $200.00 to $205.00 and gave the stock a “positive” rating in a research report on Wednesday, April 24th. Finally, TD Cowen increased their target price on Texas Instruments from $160.00 to $175.00 and gave the company a “hold” rating in a report on Wednesday, April 24th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Texas Instruments has a consensus rating of “Hold” and an average price target of $180.74.

Texas Instruments Stock Performance

Shares of NASDAQ TXN traded down $2.87 during trading on Tuesday, reaching $176.42. The stock had a trading volume of 6,414,107 shares, compared to its average volume of 5,692,554. The company has a debt-to-equity ratio of 0.76, a quick ratio of 3.76 and a current ratio of 4.91. Texas Instruments Incorporated has a one year low of $139.48 and a one year high of $188.12. The firm’s 50 day moving average price is $169.67 and its two-hundred day moving average price is $162.46. The stock has a market cap of $160.63 billion, a PE ratio of 27.97, a P/E/G ratio of 3.78 and a beta of 1.04.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.13. The company had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $3.61 billion. Texas Instruments had a net margin of 35.16% and a return on equity of 35.28%. Texas Instruments’s revenue was down 16.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.85 EPS. On average, research analysts forecast that Texas Instruments Incorporated will post 5.21 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 21st. Shareholders of record on Wednesday, May 8th will be given a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 2.95%. The ex-dividend date of this dividend is Tuesday, May 7th. Texas Instruments’s payout ratio is 81.12%.

Insider Activity

In related news, Director Mark A. Blinn sold 1,744 shares of the stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $159.85, for a total value of $278,778.40. Following the completion of the transaction, the director now owns 11,693 shares of the company’s stock, valued at $1,869,126.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.68% of the stock is currently owned by insiders.

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.