Texas Instruments Incorporated (NASDAQ:TXN) Shares Acquired by Ridgewood Investments LLC

Ridgewood Investments LLC lifted its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 19.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 6,431 shares of the semiconductor company’s stock after acquiring an additional 1,041 shares during the quarter. Ridgewood Investments LLC’s holdings in Texas Instruments were worth $1,206,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in TXN. Hilltop National Bank increased its holdings in Texas Instruments by 11.8% in the 4th quarter. Hilltop National Bank now owns 1,407 shares of the semiconductor company’s stock valued at $264,000 after purchasing an additional 148 shares during the last quarter. Baker Tilly Wealth Management LLC increased its holdings in Texas Instruments by 24.8% in the 4th quarter. Baker Tilly Wealth Management LLC now owns 3,726 shares of the semiconductor company’s stock valued at $699,000 after purchasing an additional 740 shares during the last quarter. Fortitude Family Office LLC increased its holdings in Texas Instruments by 26.5% in the 4th quarter. Fortitude Family Office LLC now owns 491 shares of the semiconductor company’s stock valued at $92,000 after purchasing an additional 103 shares during the last quarter. First Hawaiian Bank increased its holdings in Texas Instruments by 7.5% in the 4th quarter. First Hawaiian Bank now owns 6,782 shares of the semiconductor company’s stock valued at $1,272,000 after purchasing an additional 474 shares during the last quarter. Finally, Farmers Trust Co. increased its holdings in Texas Instruments by 18.0% in the 4th quarter. Farmers Trust Co. now owns 1,718 shares of the semiconductor company’s stock valued at $322,000 after purchasing an additional 262 shares during the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.

Insider Transactions at Texas Instruments

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

Analyst Ratings Changes

Several research firms recently weighed in on TXN. Mizuho set a $200.00 target price on shares of Texas Instruments in a report on Friday, October 18th. Benchmark reissued a “buy” rating and issued a $230.00 price target on shares of Texas Instruments in a research report on Wednesday, October 23rd. Evercore ISI raised their price target on shares of Texas Instruments from $268.00 to $298.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Wells Fargo & Company started coverage on shares of Texas Instruments in a research report on Friday, November 22nd. They set an “equal weight” rating and a $215.00 price objective for the company. Finally, Robert W. Baird decreased their price objective on shares of Texas Instruments from $200.00 to $175.00 and set a “neutral” rating for the company in a research report on Wednesday, October 23rd. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, Texas Instruments currently has a consensus rating of “Hold” and a consensus target price of $210.05.

Texas Instruments Stock Performance

NASDAQ TXN traded down $3.00 during trading on Friday, reaching $188.66. The company’s stock had a trading volume of 1,393,870 shares, compared to its average volume of 4,045,471. 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 firm has a market cap of $172.10 billion, a price-to-earnings ratio of 35.07, a P/E/G ratio of 4.19 and a beta of 0.98. Texas Instruments Incorporated has a twelve month low of $155.46 and a twelve month high of $220.38. The business’s fifty day moving average price is $197.03 and its 200-day moving average price is $199.72.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $1.47 EPS for the quarter, beating analysts’ consensus estimates of $1.38 by $0.09. The company had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.12 billion. Texas Instruments had a net margin of 31.60% and a return on equity of 29.05%. Texas Instruments’s quarterly revenue was down 8.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.80 earnings per share. As a group, analysts anticipate that Texas Instruments Incorporated will post 5.08 EPS for the current fiscal year.

Texas Instruments Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st were paid a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.88%. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.30. The ex-dividend date was Thursday, October 31st. Texas Instruments’s payout ratio is 101.12%.

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.