Buckingham Capital Management Inc. acquired a new position in Texas Instruments Incorporated (NASDAQ:TXN) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 2,245 shares of the semiconductor company’s stock, valued at approximately $212,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Highwater Wealth Management LLC bought a new stake in shares of Texas Instruments in the 4th quarter worth approximately $34,000. Intercontinental Wealth Advisors LLC bought a new stake in shares of Texas Instruments in the 4th quarter worth approximately $40,000. Essex Savings Bank bought a new stake in shares of Texas Instruments in the 4th quarter worth approximately $42,000. Baldwin Brothers Inc. MA lifted its holdings in shares of Texas Instruments by 42.5% in the 4th quarter. Baldwin Brothers Inc. MA now owns 513 shares of the semiconductor company’s stock worth $48,000 after acquiring an additional 153 shares during the last quarter. Finally, G&S Capital LLC lifted its holdings in shares of Texas Instruments by 25.0% in the 4th quarter. G&S Capital LLC now owns 725 shares of the semiconductor company’s stock worth $69,000 after acquiring an additional 145 shares during the last quarter. Hedge funds and other institutional investors own 84.51% of the company’s stock.

A number of equities research analysts recently commented on the stock. Morgan Stanley reiterated an “equal weight” rating and set a $100.00 price target (down from $103.00) on shares of Texas Instruments in a report on Thursday, January 24th. BidaskClub lowered shares of Texas Instruments from a “hold” rating to a “sell” rating in a report on Friday, January 25th. B. Riley lowered their price target on shares of Texas Instruments from $123.00 to $110.00 and set a “neutral” rating for the company in a report on Monday, October 22nd. BMO Capital Markets reiterated a “buy” rating and set a $120.00 price target on shares of Texas Instruments in a report on Thursday, January 24th. Finally, Royal Bank of Canada reduced their price objective on shares of Texas Instruments to $120.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 24th. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $108.74.

In related news, Director Pamela H. Patsley sold 7,000 shares of the company’s stock in a transaction dated Wednesday, February 6th. The shares were sold at an average price of $106.20, for a total value of $743,400.00. Following the transaction, the director now owns 37,160 shares in the company, valued at approximately $3,946,392. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Ahmad Bahai sold 26,963 shares of the company’s stock in a transaction dated Friday, January 25th. The stock was sold at an average price of $103.75, for a total transaction of $2,797,411.25. Following the completion of the transaction, the insider now owns 58,928 shares in the company, valued at approximately $6,113,780. The disclosure for this sale can be found here. In the last quarter, insiders sold 163,295 shares of company stock worth $16,651,930. 0.84% of the stock is currently owned by company insiders.

NASDAQ:TXN opened at $104.55 on Monday. The stock has a market capitalization of $100.42 billion, a PE ratio of 19.29, a price-to-earnings-growth ratio of 1.98 and a beta of 1.17. The company has a current ratio of 3.27, a quick ratio of 2.38 and a debt-to-equity ratio of 0.48. Texas Instruments Incorporated has a 1-year low of $87.70 and a 1-year high of $118.48.

Texas Instruments (NASDAQ:TXN) last released its earnings results on Wednesday, January 23rd. The semiconductor company reported $1.27 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.24 by $0.03. The firm had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.75 billion. Texas Instruments had a net margin of 35.35% and a return on equity of 53.05%. The company’s revenue was down .9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.09 EPS. On average, analysts forecast that Texas Instruments Incorporated will post 5.21 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, February 11th. Investors of record on Thursday, January 31st will be paid a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date of this dividend is Wednesday, January 30th. Texas Instruments’s payout ratio is 56.83%.

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About Texas Instruments

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements in various levels using battery management solutions, portable components, power supply controls, point-of-load products, switches and interfaces, integrated protection devices, high-voltage products, and mobile lighting and display products.

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

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