Jacobi Capital Management LLC Buys 69 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Jacobi Capital Management LLC raised its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 0.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,268 shares of the semiconductor company’s stock after acquiring an additional 69 shares during the period. Jacobi Capital Management LLC’s holdings in Texas Instruments were worth $2,488,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Financial Life Planners bought a new stake in shares of Texas Instruments during the fourth quarter valued at approximately $26,000. Retirement Wealth Solutions LLC bought a new position in Texas Instruments in the 4th quarter valued at $27,000. MidAtlantic Capital Management Inc. bought a new position in Texas Instruments in the 3rd quarter valued at $28,000. Capital Performance Advisors LLP bought a new position in Texas Instruments in the 3rd quarter valued at $39,000. Finally, FSA Wealth Management LLC purchased a new position in shares of Texas Instruments during the 3rd quarter valued at $41,000. Institutional investors own 84.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Mizuho dropped their price target on Texas Instruments from $200.00 to $190.00 and set a “neutral” rating on the stock in a research report on Friday, January 24th. Truist Financial lowered their price target on Texas Instruments from $199.00 to $195.00 and set a “hold” rating on the stock in a report on Friday, January 24th. Barclays reduced their price objective on Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating on the stock in a research report on Friday, January 24th. Wells Fargo & Company reduced their price target on Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. Finally, Benchmark restated a “buy” rating and set a $230.00 price target on shares of Texas Instruments in a research report on Friday, January 24th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $209.20.

Texas Instruments Stock Performance

NASDAQ TXN opened at $196.02 on Friday. The stock has a 50-day simple moving average of $189.49 and a two-hundred day simple moving average of $197.68. The firm has a market capitalization of $178.44 billion, a P/E ratio of 37.77, a PEG ratio of 3.30 and a beta of 0.97. Texas Instruments Incorporated has a fifty-two week low of $159.11 and a fifty-two week high of $220.38. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.88 and a current ratio of 4.12.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data on Thursday, January 23rd. The semiconductor company reported $1.30 EPS for the quarter, topping the consensus estimate of $1.20 by $0.10. Texas Instruments had a return on equity of 28.08% and a net margin of 30.68%. During the same quarter last year, the company posted $1.49 earnings per share. On average, equities analysts forecast that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Friday, January 31st were issued a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date of this dividend was Friday, January 31st. Texas Instruments’s dividend payout ratio is presently 104.82%.

Insiders Place Their Bets

In related news, Director Janet F. Clark sold 6,065 shares of the firm’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $203.62, for a total value of $1,234,955.30. Following the completion of the sale, the director now owns 10,816 shares in the company, valued at $2,202,353.92. This trade represents a 35.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Richard K. Templeton sold 97,000 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $197.69, for a total transaction of $19,175,930.00. Following the completion of the sale, the chairman now owns 409,089 shares of the company’s stock, valued at approximately $80,872,804.41. The trade was a 19.17 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 297,655 shares of company stock worth $59,841,304 over the last ninety days. Corporate insiders own 0.68% of the company’s stock.

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.