Versant Capital Management Inc Purchases 570 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Versant Capital Management Inc increased its position in Texas Instruments Incorporated (NASDAQ:TXN) by 108.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,095 shares of the semiconductor company’s stock after buying an additional 570 shares during the quarter. Versant Capital Management Inc’s holdings in Texas Instruments were worth $205,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Foundations Investment Advisors LLC raised its holdings in Texas Instruments by 75.0% during the 2nd quarter. Foundations Investment Advisors LLC now owns 4,942 shares of the semiconductor company’s stock worth $961,000 after purchasing an additional 2,118 shares during the last quarter. Larson Financial Group LLC raised its stake in Texas Instruments by 21.1% during the second quarter. Larson Financial Group LLC now owns 2,097 shares of the semiconductor company’s stock worth $408,000 after buying an additional 366 shares during the last quarter. Bordeaux Wealth Advisors LLC lifted its holdings in Texas Instruments by 5.1% in the second quarter. Bordeaux Wealth Advisors LLC now owns 1,677 shares of the semiconductor company’s stock valued at $326,000 after buying an additional 82 shares during the period. Columbia Asset Management boosted its position in Texas Instruments by 25.5% during the second quarter. Columbia Asset Management now owns 1,723 shares of the semiconductor company’s stock valued at $335,000 after acquiring an additional 350 shares during the last quarter. Finally, Altus Wealth Group LLC bought a new stake in Texas Instruments during the second quarter valued at $628,000. Institutional investors own 84.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on TXN. Evercore ISI boosted their price objective on Texas Instruments from $268.00 to $298.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Susquehanna dropped their price target on Texas Instruments from $250.00 to $240.00 and set a “positive” rating on the stock in a research note on Monday, October 21st. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $200.00 price objective on shares of Texas Instruments in a research report on Wednesday, October 23rd. Rosenblatt Securities reiterated a “buy” rating and issued a $250.00 price objective on shares of Texas Instruments in a research note on Wednesday, October 23rd. Finally, Wells Fargo & Company assumed coverage on shares of Texas Instruments in a research note on Friday, November 22nd. They set an “equal weight” rating and a $215.00 target price on the stock. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $210.05.

Texas Instruments Trading Up 1.9 %

Shares of TXN stock opened at $190.51 on Friday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 3.14 and a current ratio of 4.31. The company has a market capitalization of $173.79 billion, a price-to-earnings ratio of 35.41, a PEG ratio of 4.19 and a beta of 0.97. Texas Instruments Incorporated has a 52-week low of $155.46 and a 52-week high of $220.38. The company has a 50-day simple moving average of $198.57 and a two-hundred day simple moving average of $199.84.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 EPS for the quarter, beating 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 company had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.12 billion. During the same period last year, the business posted $1.80 earnings per share. Texas Instruments’s revenue was down 8.4% on a year-over-year basis. Research analysts anticipate that Texas Instruments Incorporated will post 5.08 EPS for the current fiscal year.

Texas Instruments Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Thursday, October 31st were issued a $1.36 dividend. This is an increase from Texas Instruments’s previous quarterly dividend of $1.30. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date of this dividend was Thursday, October 31st. Texas Instruments’s payout ratio is 101.12%.

Insider Activity at Texas Instruments

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

About Texas Instruments

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.