Brown Lisle Cummings Inc. Grows Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Brown Lisle Cummings Inc. increased its holdings in Texas Instruments Incorporated (NASDAQ:TXNFree Report) by 1.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,239 shares of the semiconductor company’s stock after purchasing an additional 233 shares during the period. Texas Instruments accounts for 0.9% of Brown Lisle Cummings Inc.’s holdings, making the stock its 27th biggest holding. Brown Lisle Cummings Inc.’s holdings in Texas Instruments were worth $3,045,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Financial Life Planners purchased a new stake in shares of Texas Instruments in the fourth quarter worth about $26,000. Retirement Wealth Solutions LLC bought a new stake in Texas Instruments in the 4th quarter worth approximately $27,000. MidAtlantic Capital Management Inc. bought a new stake in Texas Instruments in the 3rd quarter worth approximately $28,000. Tsfg LLC boosted its position in shares of Texas Instruments by 82.0% during the 3rd quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock valued at $38,000 after acquiring an additional 82 shares during the last quarter. Finally, Capital Performance Advisors LLP purchased a new position in shares of Texas Instruments in the third quarter valued at $39,000. 84.99% of the stock is currently owned by institutional investors.

Texas Instruments Stock Down 2.0 %

Shares of Texas Instruments stock opened at $180.94 on Tuesday. 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 stock has a market cap of $165.06 billion, a price-to-earnings ratio of 34.86, a PEG ratio of 2.94 and a beta of 0.97. The firm’s 50-day moving average is $191.69 and its two-hundred day moving average is $198.75. Texas Instruments Incorporated has a 1 year low of $155.46 and a 1 year high of $220.38.

Texas Instruments (NASDAQ:TXNGet Free Report) last released its quarterly earnings data on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.10. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. During the same quarter in the prior year, the firm earned $1.49 EPS. As a group, research analysts expect that Texas Instruments Incorporated will post 5.42 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st will be issued a $1.36 dividend. The ex-dividend date of this dividend is Friday, January 31st. This represents a $5.44 dividend on an annualized basis and a dividend yield of 3.01%. Texas Instruments’s dividend payout ratio is presently 104.82%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Wells Fargo & Company decreased their price target on shares of Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating on the stock in a research note on Monday, January 13th. Mizuho dropped their price target on Texas Instruments from $200.00 to $190.00 and set a “neutral” rating for the company in a research report on Friday, January 24th. Truist Financial decreased their price objective on Texas Instruments from $199.00 to $195.00 and set a “hold” rating on the stock in a research report on Friday, January 24th. Evercore ISI lifted their target price on Texas Instruments from $268.00 to $298.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Finally, Rosenblatt Securities restated a “buy” rating and issued a $250.00 price target on shares of Texas Instruments in a research report on Tuesday, January 21st. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $209.20.

Get Our Latest Research Report on Texas Instruments

Insider Transactions at Texas Instruments

In other Texas Instruments news, Director Ronald Kirk sold 10,539 shares of the firm’s stock in a transaction that occurred on 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 sale, the director now directly owns 14,323 shares in the company, valued at $2,912,295.59. This trade represents a 42.39 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.68% of the company’s stock.

About Texas Instruments

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Texas Instruments (NASDAQ:TXN)

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