Sand Hill Global Advisors LLC Purchases 70 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Sand Hill Global Advisors LLC lifted its position in Texas Instruments Incorporated (NASDAQ:TXN) by 4.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,533 shares of the semiconductor company’s stock after buying an additional 70 shares during the period. Sand Hill Global Advisors LLC’s holdings in Texas Instruments were worth $261,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Tennessee Valley Asset Management Partners acquired a new position in Texas Instruments in the 4th quarter worth $25,000. Life Planning Partners Inc acquired a new position in shares of Texas Instruments during the 4th quarter worth about $26,000. Briaud Financial Planning Inc acquired a new position in shares of Texas Instruments during the 3rd quarter worth about $25,000. Pacific Capital Wealth Advisors Inc. acquired a new stake in Texas Instruments in the 4th quarter valued at about $31,000. Finally, AMH Equity Ltd acquired a new stake in Texas Instruments in the 3rd quarter valued at about $32,000. 84.99% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Chairman Richard K. Templeton sold 100,440 shares of the stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $178.47, for a total value of $17,925,526.80. Following the transaction, the chairman now owns 403,851 shares of the company’s stock, valued at approximately $72,075,287.97. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Texas Instruments news, Chairman Richard K. Templeton sold 100,440 shares of the business’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $178.47, for a total value of $17,925,526.80. Following the transaction, the chairman now owns 403,851 shares in the company, valued at $72,075,287.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Pamela H. Patsley sold 9,990 shares of the business’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $179.12, for a total transaction of $1,789,408.80. Following the completion of the transaction, the director now owns 33,348 shares in the company, valued at approximately $5,973,293.76. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 328,969 shares of company stock valued at $58,427,984. Company insiders own 0.68% of the company’s stock.

Texas Instruments Stock Performance

TXN traded down $2.96 during midday trading on Thursday, reaching $199.58. The company had a trading volume of 2,570,611 shares, compared to its average volume of 5,611,564. The company has a debt-to-equity ratio of 0.76, a quick ratio of 3.76 and a current ratio of 4.91. The stock has a market cap of $181.71 billion, a PE ratio of 31.60, a P/E/G ratio of 4.28 and a beta of 1.01. Texas Instruments Incorporated has a 12-month low of $139.48 and a 12-month high of $203.62. The business has a 50-day moving average price of $176.10 and a two-hundred day moving average price of $167.16.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.13. Texas Instruments had a net margin of 35.16% and a return on equity of 35.28%. The company had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.61 billion. During the same quarter in the previous year, the firm posted $1.85 earnings per share. The company’s quarterly revenue was down 16.4% compared to the same quarter last year. On average, sell-side analysts expect that Texas Instruments Incorporated will post 5.17 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 21st. Investors 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 yield of 2.61%. The ex-dividend date of this dividend was Tuesday, May 7th. Texas Instruments’s dividend payout ratio (DPR) is presently 81.12%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on TXN shares. Mizuho increased their price target on shares of Texas Instruments from $164.00 to $170.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. Rosenblatt Securities reissued a “buy” rating and issued a $210.00 price objective on shares of Texas Instruments in a research note on Wednesday, April 24th. Morgan Stanley raised their target price on shares of Texas Instruments from $138.00 to $146.00 and gave the company an “underweight” rating in a research report on Wednesday, January 24th. Wells Fargo & Company assumed coverage on shares of Texas Instruments in a research report on Thursday, May 16th. They issued an “underweight” rating and a $150.00 target price on the stock. Finally, Oppenheimer reissued a “market perform” rating on shares of Texas Instruments in a research note on Wednesday, April 24th. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat, Texas Instruments presently has an average rating of “Hold” and a consensus price target of $182.48.

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.