Asset Planning Services Inc. LA ADV Boosts Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Asset Planning Services Inc. LA ADV grew its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 3.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 32,470 shares of the semiconductor company’s stock after acquiring an additional 935 shares during the quarter. Texas Instruments comprises 3.0% of Asset Planning Services Inc. LA ADV’s portfolio, making the stock its 15th biggest position. Asset Planning Services Inc. LA ADV’s holdings in Texas Instruments were worth $6,088,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of TXN. Retirement Wealth Solutions LLC purchased a new position in Texas Instruments in the 4th quarter worth approximately $27,000. MidAtlantic Capital Management Inc. acquired a new position in shares of Texas Instruments in the 3rd quarter valued at approximately $28,000. Tsfg LLC boosted its stake in shares of Texas Instruments by 82.0% during the 3rd quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock valued at $38,000 after buying an additional 82 shares during the last quarter. Capital Performance Advisors LLP bought a new position in Texas Instruments during the 3rd quarter valued at $39,000. Finally, FSA Wealth Management LLC acquired a new position in Texas Instruments in the third quarter worth about $41,000. 84.99% of the stock is owned by institutional investors and hedge funds.

Texas Instruments Stock Up 0.9 %

TXN stock opened at $197.05 on Thursday. The firm’s 50-day moving average is $193.97 and its two-hundred day moving average is $199.58. The company has a current ratio of 4.31, a quick ratio of 3.14 and a debt-to-equity ratio of 0.74. The company has a market capitalization of $179.75 billion, a price-to-earnings ratio of 36.63, a price-to-earnings-growth ratio of 3.80 and a beta of 0.98. Texas Instruments Incorporated has a 52 week low of $155.46 and a 52 week high of $220.38.

Texas Instruments (NASDAQ:TXN) last released its earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, topping analysts’ consensus estimates of $1.38 by $0.09. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. The firm had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.12 billion. During the same period in the prior year, the firm posted $1.80 earnings per share. The firm’s revenue for the quarter was down 8.4% compared to the same quarter last year. On average, analysts forecast that Texas Instruments Incorporated will post 5.08 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

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 issued a $1.36 dividend. The ex-dividend date of this dividend is Friday, January 31st. This represents a $5.44 annualized dividend and a dividend yield of 2.76%. Texas Instruments’s dividend payout ratio (DPR) is 101.12%.

Insider Activity at Texas Instruments

In related news, Director Ronald Kirk sold 10,539 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $203.33, for a total transaction of $2,142,894.87. Following the completion of the sale, the director now directly owns 14,323 shares in the company, valued at approximately $2,912,295.59. This trade represents a 42.39 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Robert E. Sanchez sold 9,990 shares of Texas Instruments stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $208.80, for a total transaction of $2,085,912.00. Following the completion of the transaction, the director now owns 20,461 shares in the company, valued at approximately $4,272,256.80. This trade represents a 32.81 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.68% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on TXN shares. Bank of America decreased their price objective on shares of Texas Instruments from $220.00 to $215.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. Mizuho set a $200.00 price objective on shares of Texas Instruments in a research report on Friday, October 18th. Robert W. Baird dropped their price objective on shares of Texas Instruments from $200.00 to $175.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 23rd. Wells Fargo & Company decreased their target price on Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. Finally, Summit Insights upgraded Texas Instruments from a “hold” rating to a “buy” rating in a research report on Wednesday, October 23rd. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $210.45.

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.