BlackDiamond Wealth Management LLC Acquires 76 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

BlackDiamond Wealth Management LLC boosted its position in Texas Instruments Incorporated (NASDAQ:TXN) by 4.6% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 1,728 shares of the semiconductor company’s stock after purchasing an additional 76 shares during the period. BlackDiamond Wealth Management LLC’s holdings in Texas Instruments were worth $324,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Promus Capital LLC purchased a new stake in Texas Instruments in the 4th quarter worth approximately $25,000. Financial Life Planners bought a new position in shares of Texas Instruments during the 4th quarter valued at $26,000. Retirement Wealth Solutions LLC bought a new position in shares of Texas Instruments during the 4th quarter valued at $27,000. MidAtlantic Capital Management Inc. bought a new position in shares of Texas Instruments during the 3rd quarter valued at $28,000. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in Texas Instruments in the 4th quarter worth $28,000. 84.99% of the stock is owned by institutional investors.

Insider Buying and Selling at Texas Instruments

In related news, Director Janet F. Clark sold 6,065 shares of the stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $203.62, for a total transaction of $1,234,955.30. Following the transaction, the director now directly owns 10,816 shares in the company, valued at approximately $2,202,353.92. This represents a 35.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Richard K. Templeton sold 97,000 shares of the stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $197.69, for a total value 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. This trade represents a 19.17 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 297,655 shares of company stock valued at $59,841,304. Insiders own 0.57% of the company’s stock.

Texas Instruments Price Performance

Texas Instruments stock opened at $179.99 on Tuesday. Texas Instruments Incorporated has a 12 month low of $159.11 and a 12 month high of $220.39. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.12 and a quick ratio of 2.88. The business has a 50 day simple moving average of $188.36 and a 200-day simple moving average of $196.07. The stock has a market capitalization of $163.78 billion, a PE ratio of 34.68, a price-to-earnings-growth ratio of 3.30 and a beta of 0.98.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm earned $1.49 EPS. Equities analysts predict that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st were issued a $1.36 dividend. This represents a $5.44 annualized dividend and a yield of 3.02%. The ex-dividend date of this dividend was Friday, January 31st. Texas Instruments’s dividend payout ratio (DPR) is 104.82%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on TXN shares. Truist Financial dropped their target price on shares of Texas Instruments from $199.00 to $195.00 and set a “hold” rating for the company in a research report on Friday, January 24th. Barclays reduced their price objective on shares of Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating for the company in a research note on Friday, January 24th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $200.00 price target on shares of Texas Instruments in a research note on Friday, January 24th. Rosenblatt Securities reiterated a “buy” rating and set a $250.00 price target on shares of Texas Instruments in a research note on Tuesday, January 21st. Finally, Benchmark reissued a “buy” rating and set a $230.00 price target on shares of Texas Instruments in a report on Friday, January 24th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, Texas Instruments has an average rating of “Hold” and a consensus target price of $209.20.

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.