HB Wealth Management LLC Increases Stake in Texas Instruments

HB Wealth Management LLC has enhanced its investment in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 4.4% during the fourth quarter. This information was disclosed in the firm’s latest Form 13F filed with the SEC. After acquiring an additional 4,238 shares during this quarter, the firm now holds a total of 99,856 shares of the semiconductor company. By the close of the most recent quarter, HB Wealth Management LLC's investment in Texas Instruments was valued at approximately $18,724,000.

Additionally, it is notable that other institutional investors have also made adjustments to their holdings in Texas Instruments recently. For example, MidAtlantic Capital Management Inc. established a new stake in the company worth $28,000 during the third quarter. Retirement Wealth Solutions LLC also initiated a new investment valued at $27,000 in the fourth quarter. Furthermore, Tsfg LLC significantly increased its position in Texas Instruments by 82.0% during the third quarter and now owns 182 shares valued at $38,000 after acquiring an additional 82 shares. Capital Performance Advisors LLP and FSA Wealth Management LLC also entered new positions in Texas Instruments worth $39,000 and $41,000, respectively. Overall, institutional investors control approximately 84.99% of the stock of Texas Instruments.

Texas Instruments Stock Performance

On the trading floor, the stock of Texas Instruments (NASDAQ:TXN) experienced an increase of $5.05 on Friday, reaching a price of $192.42. The trading volume for the day was 5,388,038 shares, which is higher than the average volume of 4,167,320. Texas Instruments holds a current ratio of 4.31 and a quick ratio of 3.14, and its debt-to-equity ratio is 0.74. The company has a 52-week low of $155.46 and a 52-week high of $220.38, with a total market capitalization of $175.53 billion. The price-to-earnings ratio stands at 35.77, and the PEG ratio is 3.69. Its beta is measured at 0.98, while the 50-day moving average price is $195.35 and the 200-day moving average price sits at $199.65.

Texas Instruments Earnings and Dividends

In terms of financial results, Texas Instruments released its earnings report on October 22nd. The semiconductor company reported earnings per share (EPS) of $1.47 for the quarter, surpassing analysts' expectations, which had predicted an EPS of $1.38. The company achieved a net margin of 31.60% and a return on equity of 29.05%, with revenue recorded at $4.15 billion for the quarter, slightly above the consensus estimate of $4.12 billion. However, this represents an 8.4% decline in revenue compared to the previous year. Analysts currently forecast an EPS of 5.08 for Texas Instruments in the current year.

Moreover, Texas Instruments recently announced a quarterly dividend, which is set to be distributed on February 11th. Shareholders on record as of January 31st will receive a dividend of $1.36 per share, totaling an annualized dividend of $5.44. This results in a dividend yield of 2.83%. The ex-dividend date is also on January 31st. Currently, the company's dividend payout ratio stands at 101.12%.

Insider Transactions

In relation to insider activities, Director Robert E. Sanchez sold 9,990 shares of Texas Instruments on October 25th for an average price of $208.80, resulting in a transaction worth $2,085,912.00. After this sale, he now owns 20,461 shares valued at approximately $4,272,256.80. This transaction equates to a 32.81% reduction in his holdings. Additionally, Director Ronald Kirk sold 10,539 shares on November 25th at an average price of $203.33, totaling approximately $2,142,894.87. Following this transaction, Kirk owns 14,323 shares valued at around $2,912,295.59, marking a 42.39% decrease in his position. Corporate insiders currently own about 0.68% of Texas Instruments' stock.

Wall Street Analyst Ratings

Several research analysts have recently updated their ratings for Texas Instruments. Robert W. Baird has lowered its price target from $200.00 to $175.00 while maintaining a “neutral” rating. Meanwhile, Rosenblatt Securities and Benchmark have both reiterated a “buy” rating, with price targets of $250.00 and $230.00, respectively. Morgan Stanley has increased its target from $154.00 to $167.00, assigning an “underweight” rating. Truist Financial has adjusted its target down from $198.00 to $190.00, tagging it as a “hold.” Currently, among analysts, there are two that rate the stock as a sell, twelve that recommend holding it, and nine that suggest buying. The overall average rating among analysts is “Hold,” with a target price of $209.71.

Company Overview

Texas Instruments Incorporated is engaged in the design, manufacturing, and sale of semiconductors to electronic designers and manufacturers both in the United States and globally. The company operates primarily through its Analog and Embedded Processing segments. The Analog segment is particularly essential as it supplies power management products, including battery management solutions, voltage regulators, power converters, and lighting products.

investment, stocks, semiconductors