Tyche Wealth Partners LLC Expands Investment in Texas Instruments Incorporated

Tyche Wealth Partners LLC has recently increased its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 23.6% during the fourth quarter, as reported in its latest Form 13F filing with the Securities and Exchange Commission (SEC). Following their purchase of an additional 3,416 shares, the firm now owns a total of 17,902 shares of the semiconductor company. The value of Tyche's investment in Texas Instruments stands at approximately $3,357,000 as of the end of the most recent reporting period.

In recent developments, several other hedge funds have also adjusted their stakes in Texas Instruments. Assenagon Asset Management S.A. made a significant move by increasing its position by an impressive 948.4% in the fourth quarter, now holding 4,794,646 shares valued at around $899,044,000 after acquiring an additional 4,337,295 shares in the last quarter. Meanwhile, Charles Schwab Investment Management Inc. raised its stake by 4.2% during the third quarter, bringing its total to 19,250,433 shares worth about $3,976,562,000, following a purchase of 782,053 shares. Other notable increases were seen with International Assets Investment Management LLC, which expanded its holding by 17,253.3%, and Geode Capital Management LLC, which grew its stake by 2.3%. State Street Corp also reported a modest increase of 0.9% in its shares of Texas Instruments. Overall, hedge funds and institutional investors hold 84.99% of the company's stock.

Insider Transactions

In addition to institutional movements, there have been insider transactions with Texas Instruments. Director Ronald Kirk sold 10,539 shares on November 25, at an average price of $203.33, totaling $2,142,894.87. After this sale, Kirk possessed 14,323 shares valued at approximately $2,912,295.59, marking a 42.39% decrease in his ownership. Similarly, Director Mark A. Blinn sold 590 shares on February 4, at an average price of $180.71, resulting in a total value of $106,618.90, which reflected a 4.79% reduction in his position. Corporate insiders currently own 0.68% of the shares.

Analyst Recommendations

Texas Instruments has been scrutinized by various research analysts recently. Mizuho adjusted their price target from $200.00 to $190.00 and assigned a "neutral" rating. Evercore ISI saw potential, raising their target price from $268.00 to $298.00 with an "outperform" rating. Conversely, Barclays lowered their target from $200.00 to $180.00 while maintaining an "equal weight" rating. Bank of America also decreased its target from $220.00 to $215.00, reflecting a neutral stance. Susquehanna cut their projection from $250.00 to $240.00, assigning a "positive" rating. Collectively, two analysts recommended a sell, twelve advised holding, and eight suggested buying the stock, leading to an average rating of "Hold" with a target price of $209.20.

Texas Instruments' stock showed resilience, opening at $181.59 recently and boasting a market capitalization of $165.65 billion, with a PE ratio of 34.99. The company reports a fifty-two week low of $155.46 and a high of $220.38, with recent averages indicating stability.

Recent Earnings and Dividends

Texas Instruments recently published earnings on January 23, reporting earnings per share (EPS) of $1.30, surpassing analysts' expectations of $1.20. The company's return on equity is 28.08% alongside a net margin of 30.68%. Looking ahead, analysts forecast that Texas Instruments will post an EPS of 5.42 for the current fiscal year. Additionally, the company announced a quarterly dividend of $1.36 per share, to be disbursed on February 11, while shareholders of record on January 31 will be eligible for this payout, amounting to an annualized dividend of $5.44, yielding 3.00%. The ex-dividend date for this payment is January 31, with a current payout ratio of 104.82%. 

About Texas Instruments

Texas Instruments Incorporated is engaged in designing, manufacturing, and selling semiconductors for electronic designers and manufacturers across the globe. The company operates mainly in two segments: Analog and Embedded Processing. The Analog segment focuses on developing power products that manage varying power needs through solutions such as battery management, DC/DC regulators, and other lighting products.

Texas, Instruments, Investment