Creekmur Asset Management LLC Purchases New Shares in Texas Instruments Incorporated (NASDAQ:TXN)

Creekmur Asset Management LLC acquired a new position in Texas Instruments Incorporated (NASDAQ:TXN) during the fourth quarter, according to the company in its most recent filing with the SEC. The fund acquired 241 shares of the semiconductor company’s stock, valued at approximately $41,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Tennessee Valley Asset Management Partners bought a new stake in shares of Texas Instruments in the fourth quarter worth $25,000. Life Planning Partners Inc acquired a new stake in shares of Texas Instruments in the 4th quarter valued at about $26,000. Scarborough Advisors LLC bought a new position in shares of Texas Instruments during the fourth quarter worth about $26,000. Pacific Capital Wealth Advisors Inc. acquired a new position in Texas Instruments in the fourth quarter worth about $31,000. Finally, Farmers & Merchants Trust Co of Chambersburg PA bought a new stake in Texas Instruments in the fourth quarter valued at about $34,000. 84.99% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Texas Instruments

In other Texas Instruments news, Chairman Richard K. Templeton sold 100,440 shares of Texas Instruments stock in a transaction that occurred 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 in the company, valued at $72,075,287.97. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Texas Instruments news, Director Robert E. Sanchez sold 10,539 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The shares were 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 directly owns 20,461 shares in the company, valued at $3,580,061.17. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Richard K. Templeton sold 100,440 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $178.47, for a total transaction of $17,925,526.80. Following the sale, the chairman now owns 403,851 shares in the company, valued at approximately $72,075,287.97. The disclosure for this sale can be found here. Insiders sold a total of 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 Stock Performance

TXN opened at $193.90 on Monday. The business has a 50 day moving average price of $184.81 and a two-hundred day moving average price of $172.76. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.91 and a quick ratio of 3.76. The company has a market capitalization of $176.54 billion, a price-to-earnings ratio of 30.25, a price-to-earnings-growth ratio of 4.20 and a beta of 1.00. Texas Instruments Incorporated has a 1-year low of $139.48 and a 1-year high of $206.00.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.13. The business had revenue of $3.66 billion during the quarter, compared to analyst estimates of $3.61 billion. Texas Instruments had a return on equity of 35.28% and a net margin of 35.16%. The company’s revenue was down 16.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.85 earnings per share. Research analysts predict that Texas Instruments Incorporated will post 5.13 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 21st. Stockholders of record on Wednesday, May 8th were paid a $1.30 dividend. The ex-dividend date was Tuesday, May 7th. This represents a $5.20 annualized dividend and a dividend yield of 2.68%. Texas Instruments’s dividend payout ratio is currently 81.12%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on TXN shares. Oppenheimer reiterated a “market perform” rating on shares of Texas Instruments in a report on Wednesday, April 24th. Jefferies Financial Group cut shares of Texas Instruments from a “buy” rating to a “hold” rating and dropped their target price for the stock from $200.00 to $175.00 in a report on Monday, May 13th. Barclays lifted their price target on shares of Texas Instruments from $150.00 to $190.00 and gave the company an “equal weight” rating in a report on Monday, May 20th. Stifel Nicolaus increased their price objective on shares of Texas Instruments from $160.00 to $172.00 and gave the stock a “hold” rating in a research note on Wednesday, April 24th. Finally, Cantor Fitzgerald lifted their target price on Texas Instruments from $180.00 to $210.00 and gave the company a “neutral” rating in a research note on Wednesday, May 15th. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $182.48.

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.