Kestra Private Wealth Services LLC Buys 7,454 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Kestra Private Wealth Services LLC boosted its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 13.6% during the 4th quarter, HoldingsChannel reports. The fund owned 62,322 shares of the semiconductor company’s stock after purchasing an additional 7,454 shares during the period. Kestra Private Wealth Services LLC’s holdings in Texas Instruments were worth $10,623,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in TXN. Vanguard Group Inc. grew its stake in shares of Texas Instruments by 0.5% during the third quarter. Vanguard Group Inc. now owns 88,862,201 shares of the semiconductor company’s stock valued at $14,129,979,000 after buying an additional 458,853 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Texas Instruments by 4.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 18,893,821 shares of the semiconductor company’s stock valued at $2,986,123,000 after purchasing an additional 839,964 shares during the period. Morgan Stanley boosted its holdings in shares of Texas Instruments by 14.2% in the third quarter. Morgan Stanley now owns 14,154,358 shares of the semiconductor company’s stock valued at $2,250,685,000 after purchasing an additional 1,755,582 shares during the period. Northern Trust Corp boosted its holdings in shares of Texas Instruments by 2.9% in the third quarter. Northern Trust Corp now owns 11,095,428 shares of the semiconductor company’s stock valued at $1,764,284,000 after purchasing an additional 315,302 shares during the period. Finally, California Public Employees Retirement System boosted its holdings in shares of Texas Instruments by 33.2% in the fourth quarter. California Public Employees Retirement System now owns 6,035,704 shares of the semiconductor company’s stock valued at $1,028,846,000 after purchasing an additional 1,502,989 shares during the period. 84.99% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on TXN. Mizuho boosted their price target on Texas Instruments from $164.00 to $170.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. TD Cowen boosted their price target on Texas Instruments from $160.00 to $175.00 and gave the company a “hold” rating in a report on Wednesday, April 24th. Cantor Fitzgerald restated a “neutral” rating and set a $180.00 target price on shares of Texas Instruments in a report on Wednesday, April 24th. Rosenblatt Securities restated a “buy” rating and set a $210.00 target price on shares of Texas Instruments in a report on Wednesday, April 24th. Finally, Oppenheimer restated a “market perform” rating on shares of Texas Instruments in a report on Wednesday, April 24th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $180.74.

Insiders Place Their Bets

In other news, Director Mark A. Blinn sold 1,744 shares of the stock in a transaction on 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 sale, 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 available through this hyperlink. 0.68% of the stock is currently owned by insiders.

Texas Instruments Stock Performance

Shares of Texas Instruments stock traded down $0.69 on Tuesday, reaching $178.60. 1,245,492 shares of the stock were exchanged, compared to its average volume of 5,632,996. The company has a current ratio of 4.91, a quick ratio of 3.76 and a debt-to-equity ratio of 0.76. The business has a fifty day moving average price of $169.67 and a two-hundred day moving average price of $162.46. Texas Instruments Incorporated has a 1-year low of $139.48 and a 1-year high of $188.12. The firm has a market capitalization of $162.61 billion, a PE ratio of 27.97, a PEG ratio of 3.78 and a beta of 1.04.

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

Texas Instruments Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 21st. Shareholders of record on Wednesday, May 8th will be paid a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date of this dividend is Tuesday, May 7th. Texas Instruments’s dividend payout ratio is currently 81.12%.

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.