Empirical Financial Services LLC d.b.a. Empirical Wealth Management Increases Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 7.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,139 shares of the semiconductor company’s stock after purchasing an additional 299 shares during the quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Texas Instruments were worth $706,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Apollon Wealth Management LLC raised its position in shares of Texas Instruments by 6.2% in the 4th quarter. Apollon Wealth Management LLC now owns 30,109 shares of the semiconductor company’s stock worth $5,132,000 after acquiring an additional 1,771 shares in the last quarter. Maryland State Retirement & Pension System raised its holdings in Texas Instruments by 1.1% in the fourth quarter. Maryland State Retirement & Pension System now owns 70,673 shares of the semiconductor company’s stock worth $12,047,000 after purchasing an additional 752 shares in the last quarter. Clifford Swan Investment Counsel LLC lifted its position in Texas Instruments by 2.3% during the fourth quarter. Clifford Swan Investment Counsel LLC now owns 43,137 shares of the semiconductor company’s stock valued at $7,353,000 after buying an additional 968 shares during the period. Metis Global Partners LLC boosted its holdings in shares of Texas Instruments by 17.2% during the 4th quarter. Metis Global Partners LLC now owns 58,238 shares of the semiconductor company’s stock valued at $9,927,000 after buying an additional 8,526 shares in the last quarter. Finally, Clearstead Trust LLC grew its position in shares of Texas Instruments by 531.2% in the 4th quarter. Clearstead Trust LLC now owns 2,897 shares of the semiconductor company’s stock worth $494,000 after buying an additional 2,438 shares during the period. 84.99% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

TXN has been the topic of a number of recent research reports. Stifel Nicolaus upped their price objective on shares of Texas Instruments from $160.00 to $172.00 and gave the stock a “hold” rating in a report on Wednesday, April 24th. Barclays lowered their price objective on Texas Instruments from $160.00 to $150.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 24th. KeyCorp boosted their target price on Texas Instruments from $180.00 to $200.00 and gave the stock an “overweight” rating in a report on Wednesday, January 24th. Evercore ISI raised their price target on Texas Instruments from $213.00 to $225.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. Finally, UBS Group raised shares of Texas Instruments from a “neutral” rating to a “buy” rating and increased their price objective for the company from $170.00 to $195.00 in a research report on Friday, January 19th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Texas Instruments presently has a consensus rating of “Hold” and a consensus price target of $180.74.

Insider Activity at Texas Instruments

In other Texas Instruments news, Chairman Richard K. Templeton sold 104,000 shares of Texas Instruments 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 transaction, the chairman now owns 403,851 shares of the company’s stock, valued at $72,160,096.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Chairman Richard K. Templeton sold 104,000 shares of the stock in a transaction dated 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 owns 403,851 shares in the company, valued at $72,160,096.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert E. Sanchez sold 10,539 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $174.97, for a total value of $1,844,008.83. Following the completion of the transaction, the director now owns 20,461 shares of the company’s stock, valued at $3,580,061.17. The disclosure for this sale can be found here. In the last ninety days, insiders sold 328,969 shares of company stock worth $58,427,984. 0.68% of the stock is owned by company insiders.

Texas Instruments Stock Up 0.7 %

Shares of TXN stock opened at $183.95 on Thursday. 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 Incorporated has a 12 month low of $139.48 and a 12 month high of $188.12. The stock has a market cap of $167.48 billion, a P/E ratio of 28.70, a P/E/G ratio of 3.81 and a beta of 1.01. The company has a 50 day simple moving average of $171.38 and a two-hundred day simple moving average of $163.58.

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

Texas Instruments Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 21st. Stockholders 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 dividend yield of 2.83%. Texas Instruments’s payout ratio 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.