HB Wealth Management LLC Increases Stake in Texas Instruments

HB Wealth Management LLC has boosted its investment in Texas Instruments Incorporated (NASDAQ:TXN) by 4.4% during the fourth quarter. According to a recent Form 13F filing with the SEC, the firm now holds a total of 99,856 shares after acquiring an additional 4,238 shares during this period. At the close of the last quarter, the value of HB Wealth Management LLC's stake in the semiconductor company was approximately $18,724,000.

Increased Institutional Interest

In addition to HB Wealth Management LLC, several other institutional investors have made changes to their positions in Texas Instruments recently. For instance, MidAtlantic Capital Management Inc. established a new position valued at $28,000 in the third quarter. Retirement Wealth Solutions LLC also entered a new investment in the fourth quarter worth $27,000. Moreover, Tsfg LLC increased its holdings by 82%, now owning 182 shares valued at around $38,000 after adding 82 shares in the last quarter. Other new positions were taken by Capital Performance Advisors LLP, valued at $39,000, and FSA Wealth Management LLC, valued at $41,000. Overall, institutional investors now hold 84.99% of Texas Instruments' stock.

Latest Stock Performance

On Friday, shares of Texas Instruments traded up $5.05, reaching a price of $192.42. The stock had a trading volume of 5,388,038 shares, which is higher than the average volume of 4,167,320. The company's current ratio stands at 4.31, while the quick ratio is 3.14, and it has a debt-to-equity ratio of 0.74. Texas Instruments’ 52-week trading range is between $155.46 and $220.38, and it currently boasts a market cap of $175.53 billion. The stock's price-to-earnings ratio is at 35.77, with a PEG ratio of 3.69 and a beta of 0.98. The firm has a 50-day moving average price of $195.35 and a 200-day moving average of $199.65.

Recent Earnings Report

Texas Instruments recently reported its earnings on October 22nd, revealing an earnings per share (EPS) of $1.47 for the quarter. This result exceeded analysts' expectations, which had estimated the EPS at $1.38. The company maintains a net profit margin of 31.60% and a return on equity of 29.05%. Its revenue totaled $4.15 billion for the quarter, slightly surpassing the consensus estimate of $4.12 billion. Comparatively, the firm's revenue decreased by 8.4% year-over-year, and analysts predict that Texas Instruments will achieve an EPS of 5.08 for the current fiscal year.

Dividend Announcements

Texas Instruments also declared its quarterly dividend, scheduled for payment on February 11th. Shareholders on record as of January 31st will receive a dividend of $1.36 per share, equating to an annualized dividend of $5.44 and a yield of 2.83%. The ex-dividend date is set for January 31st, and the current dividend payout ratio for the company stands at 101.12%.

Insider Transactions

In insider trading news, Director Robert E. Sanchez sold 9,990 shares of Texas Instruments at an average price of $208.80 on October 25th, totaling approximately $2,085,912. Following this transaction, Sanchez holds 20,461 shares valued at $4,272,256.80, marking a 32.81% reduction in his position. Another director, Ronald Kirk, sold 10,539 shares on November 25th for an average price of $203.33, amounting to around $2,142,894.87. After this sale, Kirk retains 14,323 shares valued at $2,912,295.59, reflecting a decrease of 42.39% in his holdings. It is worth noting that corporate insiders own 0.68% of the company's stock.

Analyst Ratings

A variety of research analysts have recently provided their insights on Texas Instruments' stock. Robert W. Baird reduced their target price from $200.00 to $175.00, maintaining a "neutral" rating. Conversely, Rosenblatt Securities reaffirmed a "buy" rating with a price target of $250.00. Benchmark echoed this sentiment with a "buy" recommendation and a target price of $230.00. Morgan Stanley adjusted their price target from $154.00 to $167.00, asserting an "underweight" rating. Truist Financial also cut their target price from $198.00 to $190.00 while keeping a "hold" rating. Overall, out of numerous analysts, two have given a sell rating, twelve have assigned a hold rating, and nine have recommended buying the stock. The average rating is categorized as "Hold," with a typical price target of $209.71.

Company Overview

Texas Instruments Incorporated is a leading firm that designs, manufactures, and sells semiconductors targeted at electronics designers and manufacturers, both in the United States and internationally. The company operates through two primary segments: Analog and Embedded Processing. The Analog segment is known for providing various power management solutions across different voltage levels, including battery-management solutions, power regulators, AC/DC controllers, power switches, and more.

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