Pine Valley Investments Ltd Liability Co Acquires 830 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Pine Valley Investments Ltd Liability Co lifted its holdings in Texas Instruments Incorporated (NASDAQ:TXNFree Report) by 4.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,714 shares of the semiconductor company’s stock after purchasing an additional 830 shares during the quarter. Pine Valley Investments Ltd Liability Co’s holdings in Texas Instruments were worth $3,190,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in TXN. Tennessee Valley Asset Management Partners acquired a new stake in Texas Instruments in the fourth quarter valued at $25,000. Life Planning Partners Inc acquired a new stake in Texas Instruments in the 4th quarter valued at about $26,000. Pacific Capital Wealth Advisors Inc. bought a new position in Texas Instruments during the fourth quarter worth about $31,000. Farmers & Merchants Trust Co of Chambersburg PA acquired a new position in Texas Instruments during the fourth quarter worth approximately $34,000. Finally, Wetzel Investment Advisors Inc. bought a new stake in Texas Instruments in the fourth quarter valued at approximately $37,000. Institutional investors and hedge funds own 84.99% of the company’s stock.

Texas Instruments Trading Down 1.7 %

Shares of NASDAQ TXN traded down $3.42 during midday trading on Wednesday, hitting $196.18. 1,139,332 shares of the company traded hands, compared to its average volume of 5,628,155. 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 12-month low of $139.48 and a 12-month high of $206.00. The stock has a 50-day moving average price of $178.41 and a 200 day moving average price of $168.80. The firm has a market cap of $178.62 billion, a P/E ratio of 31.14, a P/E/G ratio of 4.28 and a beta of 1.01.

Texas Instruments (NASDAQ:TXNGet Free Report) last announced its earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. Texas Instruments had a net margin of 35.16% and a return on equity of 35.28%. The business had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.61 billion. During the same quarter last year, the firm earned $1.85 earnings per share. The business’s revenue for the quarter was down 16.4% on a year-over-year basis. As a group, analysts expect that Texas Instruments Incorporated will post 5.17 earnings per share for the current year.

Texas Instruments Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 21st. Stockholders of record on Wednesday, May 8th were issued a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.65%. The ex-dividend date of this dividend was Tuesday, May 7th. Texas Instruments’s payout ratio is currently 81.12%.

Analyst Ratings Changes

Several research firms recently weighed in on TXN. Mizuho lifted their price target on Texas Instruments from $164.00 to $170.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. Susquehanna raised their price objective on Texas Instruments from $200.00 to $205.00 and gave the company a “positive” rating in a report on Wednesday, April 24th. Cantor Fitzgerald boosted their price objective on shares of Texas Instruments from $180.00 to $210.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 15th. Wells Fargo & Company initiated coverage on shares of Texas Instruments in a report on Thursday, May 16th. They set an “underweight” rating and a $150.00 price target for the company. Finally, Oppenheimer reissued a “market perform” rating on shares of Texas Instruments in a research note on Wednesday, April 24th. Four research analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Texas Instruments has a consensus rating of “Hold” and an average price target of $182.48.

Check Out Our Latest Research Report on TXN

Insider Activity at Texas Instruments

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 shares were 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 of the company’s stock, valued at $72,160,096.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Pamela H. Patsley sold 9,990 shares of Texas Instruments stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $179.12, for a total transaction of $1,789,408.80. Following the transaction, the director now directly owns 33,348 shares of the company’s stock, valued at approximately $5,973,293.76. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Richard K. Templeton sold 104,000 shares of the stock in a transaction that occurred 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 sale, the chairman now directly owns 403,851 shares of the company’s stock, valued at $72,160,096.68. The disclosure for this sale can be found here. Insiders have sold 328,969 shares of company stock valued at $58,427,984 over the last ninety days. Insiders own 0.68% of the company’s stock.

Texas Instruments Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Texas Instruments (NASDAQ:TXN)

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