Axis Wealth Partners LLC acquired a new stake in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 2,389 shares of the semiconductor company's stock, valued at approximately $448,000.
Other institutional investors and hedge funds have also modified their holdings of the company. State Street Corp increased its holdings in Texas Instruments by 0.9% during the 3rd quarter. State Street Corp now owns 41,679,234 shares of the semiconductor company's stock worth $8,609,679,000 after purchasing an additional 391,306 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Texas Instruments by 11.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 21,487,468 shares of the semiconductor company's stock worth $4,029,115,000 after buying an additional 2,237,035 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Texas Instruments by 2.3% during the third quarter. Geode Capital Management LLC now owns 21,286,790 shares of the semiconductor company's stock worth $4,382,936,000 after buying an additional 487,892 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in Texas Instruments by 0.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 8,060,213 shares of the semiconductor company's stock valued at $1,664,998,000 after buying an additional 36,441 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Texas Instruments by 1.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,773,932 shares of the semiconductor company's stock valued at $1,605,861,000 after acquiring an additional 124,712 shares in the last quarter. 84.99% of the stock is currently owned by institutional investors and hedge funds.
Texas Instruments Stock Performance
Shares of NASDAQ:TXN traded down $1.64 on Wednesday, reaching $175.70. 5,433,648 shares of the company's stock were exchanged, compared to its average volume of 6,687,329. Texas Instruments Incorporated has a twelve month low of $159.11 and a twelve month high of $220.38. The company has a fifty day moving average of $189.39 and a 200-day moving average of $197.00. The company has a market capitalization of $159.87 billion, a price-to-earnings ratio of 33.85, a PEG ratio of 3.30 and a beta of 0.98. The company has a current ratio of 4.12, a quick ratio of 2.88 and a debt-to-equity ratio of 0.76.
Texas Instruments (NASDAQ:TXN - Get Free Report) last announced its quarterly earnings data on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.10. Texas Instruments had a return on equity of 28.08% and a net margin of 30.68%. During the same period in the previous year, the firm posted $1.49 earnings per share. On average, research analysts predict that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.
Texas Instruments Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st were issued a $1.36 dividend. This represents a $5.44 annualized dividend and a yield of 3.10%. The ex-dividend date of this dividend was Friday, January 31st. Texas Instruments's dividend payout ratio is currently 104.82%.
Analysts Set New Price Targets
Several equities analysts have recently weighed in on TXN shares. Mizuho decreased their price target on shares of Texas Instruments from $200.00 to $190.00 and set a "neutral" rating for the company in a research note on Friday, January 24th. Rosenblatt Securities reaffirmed a "buy" rating and set a $250.00 price target on shares of Texas Instruments in a research report on Tuesday, January 21st. Wells Fargo & Company decreased their target price on shares of Texas Instruments from $215.00 to $208.00 and set an "equal weight" rating for the company in a research note on Monday, January 13th. Benchmark reaffirmed a "buy" rating and set a $230.00 price target on shares of Texas Instruments in a research report on Friday, January 24th. Finally, Cantor Fitzgerald reissued a "neutral" rating and issued a $200.00 price objective on shares of Texas Instruments in a research report on Friday, January 24th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $209.20.
Get Our Latest Report on TXN
Insider Transactions at Texas Instruments
In other Texas Instruments news, Director Janet F. Clark sold 6,065 shares of the business's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $203.62, for a total transaction of $1,234,955.30. Following the completion of the transaction, the director now owns 10,816 shares of the company's stock, valued at approximately $2,202,353.92. The trade was a 35.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Richard K. Templeton sold 97,000 shares of the firm's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $202.72, for a total transaction of $19,663,840.00. Following the completion of the sale, the chairman now owns 409,089 shares in the company, valued at approximately $82,930,522.08. The trade was a 19.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 297,655 shares of company stock valued at $59,841,304. Company 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.
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