Cornerstone Wealth Management LLC Buys 165 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Cornerstone Wealth Management LLC increased its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 4.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 3,751 shares of the semiconductor company’s stock after acquiring an additional 165 shares during the period. Cornerstone Wealth Management LLC’s holdings in Texas Instruments were worth $703,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Susquehanna Fundamental Investments LLC raised its stake in shares of Texas Instruments by 83.4% during the second quarter. Susquehanna Fundamental Investments LLC now owns 83,809 shares of the semiconductor company’s stock worth $16,303,000 after buying an additional 38,122 shares during the last quarter. Texas Capital Bank Wealth Management Services Inc raised its position in shares of Texas Instruments by 17.9% during the 2nd quarter. Texas Capital Bank Wealth Management Services Inc now owns 5,030 shares of the semiconductor company’s stock valued at $979,000 after acquiring an additional 765 shares during the last quarter. Kathmere Capital Management LLC acquired a new position in shares of Texas Instruments in the 2nd quarter valued at $259,000. Ascent Group LLC boosted its position in shares of Texas Instruments by 3.5% in the 2nd quarter. Ascent Group LLC now owns 2,442 shares of the semiconductor company’s stock worth $475,000 after purchasing an additional 83 shares during the last quarter. Finally, Creative Planning grew its stake in shares of Texas Instruments by 12.5% during the second quarter. Creative Planning now owns 197,046 shares of the semiconductor company’s stock worth $38,331,000 after purchasing an additional 21,946 shares during the period. Institutional investors and hedge funds own 84.99% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Barclays cut their target price on Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating on the stock in a research note on Friday. Wells Fargo & Company cut 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 report on Monday, January 13th. Rosenblatt Securities restated a “buy” rating and set a $250.00 price objective on shares of Texas Instruments in a report on Tuesday, January 21st. Benchmark reiterated a “buy” rating and issued a $230.00 target price on shares of Texas Instruments in a report on Friday. Finally, Robert W. Baird decreased their price target on shares of Texas Instruments from $200.00 to $175.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. Two 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. Based on data from MarketBeat, Texas Instruments presently has an average rating of “Hold” and a consensus price target of $209.20.

Texas Instruments Price Performance

NASDAQ TXN opened at $185.52 on Friday. Texas Instruments Incorporated has a 12-month low of $155.46 and a 12-month high of $220.38. The firm’s 50 day moving average is $193.38 and its 200-day moving average is $199.46. The company has a market capitalization of $169.23 billion, a PE ratio of 34.48, a price-to-earnings-growth ratio of 3.84 and a beta of 0.98. The company has a quick ratio of 3.14, a current ratio of 4.31 and a debt-to-equity ratio of 0.74.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.10. Texas Instruments had a net margin of 31.60% and a return on equity of 29.05%. During the same period last year, the company posted $1.49 EPS. Equities research analysts anticipate that Texas Instruments Incorporated will post 5.08 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st will be paid a $1.36 dividend. The ex-dividend date is Friday, January 31st. This represents a $5.44 dividend on an annualized basis and a yield of 2.93%. Texas Instruments’s dividend payout ratio is 104.82%.

Insiders Place Their Bets

In related news, Director Ronald Kirk sold 10,539 shares of the firm’s stock in a transaction 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 transaction, the director now directly owns 14,323 shares of the company’s stock, valued at approximately $2,912,295.59. This trade represents a 42.39 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.68% of the company’s stock.

About Texas Instruments

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.