Clearstead Trust LLC Buys 2,438 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Clearstead Trust LLC boosted its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 531.2% during the fourth quarter, HoldingsChannel reports. The firm owned 2,897 shares of the semiconductor company’s stock after buying an additional 2,438 shares during the period. Clearstead Trust LLC’s holdings in Texas Instruments were worth $494,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of TXN. Connecticut Wealth Management LLC raised its position in Texas Instruments by 6.2% during the fourth quarter. Connecticut Wealth Management LLC now owns 6,667 shares of the semiconductor company’s stock valued at $1,136,000 after purchasing an additional 390 shares in the last quarter. Pointe Capital Management LLC lifted its position in Texas Instruments by 7.0% in the 4th quarter. Pointe Capital Management LLC now owns 4,386 shares of the semiconductor company’s stock worth $748,000 after buying an additional 288 shares during the last quarter. TCG Advisory Services LLC purchased a new stake in Texas Instruments in the fourth quarter worth approximately $304,000. AJOVista LLC bought a new position in Texas Instruments during the fourth quarter valued at approximately $123,000. Finally, Provence Wealth Management Group lifted its holdings in shares of Texas Instruments by 42.8% in the 4th quarter. Provence Wealth Management Group now owns 2,096 shares of the semiconductor company’s stock worth $357,000 after acquiring an additional 628 shares during the last quarter. 84.99% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Chairman Richard K. Templeton sold 104,000 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $178.68, for a total value of $18,582,720.00. Following the sale, the chairman now directly owns 403,851 shares of the company’s stock, valued at approximately $72,160,096.68. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, Chairman Richard K. Templeton sold 104,000 shares of the firm’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $178.68, for a total transaction of $18,582,720.00. Following the completion of the transaction, the chairman now directly owns 403,851 shares in the company, valued at $72,160,096.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert E. Sanchez sold 10,539 shares of the company’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $174.97, for a total transaction of $1,844,008.83. Following the completion of the transaction, the director now owns 20,461 shares in the company, valued at approximately $3,580,061.17. The disclosure for this sale can be found here. Insiders have sold 228,529 shares of company stock valued at $40,502,458 over the last quarter. Corporate insiders own 0.68% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on TXN shares. Truist Financial increased their target price on shares of Texas Instruments from $165.00 to $167.00 and gave the company a “hold” rating in a report on Wednesday, April 24th. Oppenheimer reiterated a “market perform” rating on shares of Texas Instruments in a report on Wednesday, April 24th. Benchmark restated a “buy” rating and set a $210.00 target price on shares of Texas Instruments in a report on Wednesday, April 24th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $180.00 price target on shares of Texas Instruments in a research note on Wednesday, April 24th. Finally, JPMorgan Chase & Co. increased their price objective on Texas Instruments from $180.00 to $195.00 and gave the company an “overweight” rating in a research note on Wednesday, April 24th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $180.74.

Texas Instruments Stock Up 1.8 %

Shares of TXN stock traded up $3.11 during midday trading on Friday, reaching $178.91. 4,545,090 shares of the stock were exchanged, compared to its average volume of 6,059,944. Texas Instruments Incorporated has a 1 year low of $139.48 and a 1 year high of $188.12. The firm has a market cap of $162.89 billion, a PE ratio of 27.91, a price-to-earnings-growth ratio of 3.75 and a beta of 1.01. The company’s 50 day moving average is $170.68 and its two-hundred day moving average is $162.98. The company has a current ratio of 4.91, a quick ratio of 3.76 and a debt-to-equity ratio of 0.76.

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

Texas Instruments Dividend Announcement

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

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.