Allstate Corp Makes New Investment in Texas Instruments Incorporated (NASDAQ:TXN)

Allstate Corp purchased a new position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 27,003 shares of the semiconductor company's stock, valued at approximately $5,063,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TXN. Promus Capital LLC acquired a new position in shares of Texas Instruments in the fourth quarter valued at $25,000. Financial Life Planners acquired a new stake in shares of Texas Instruments during the 4th quarter worth approximately $26,000. Retirement Wealth Solutions LLC acquired a new position in shares of Texas Instruments during the 4th quarter worth $27,000. Kohmann Bosshard Financial Services LLC bought a new position in shares of Texas Instruments in the fourth quarter worth about $28,000. Finally, Atala Financial Inc bought a new stake in shares of Texas Instruments during the fourth quarter worth $37,000. 84.99% of the stock is owned by institutional investors.

Texas Instruments Price Performance

Shares of NASDAQ TXN traded up $1.31 during midday trading on Wednesday, hitting $179.30. 1,297,051 shares of the company's stock were exchanged, compared to its average volume of 5,719,904. The business's fifty day moving average price is $185.85 and its two-hundred day moving average price is $194.36. The company has a market cap of $163.15 billion, a price-to-earnings ratio of 34.55, 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 Incorporated has a 12-month low of $159.11 and a 12-month high of $220.39.

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Texas Instruments (NASDAQ:TXN - Get Free Report) last issued its earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share (EPS) for the quarter, topping 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 last year, the company earned $1.49 earnings per share. As a group, research analysts forecast that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st were paid a dividend of $1.36 per share. The ex-dividend date of this dividend was Friday, January 31st. This represents a $5.44 dividend on an annualized basis and a dividend yield of 3.03%. Texas Instruments's dividend payout ratio (DPR) is currently 104.82%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Cantor Fitzgerald restated a "neutral" rating and set a $200.00 price target on shares of Texas Instruments in a report on Friday, January 24th. Mizuho reduced their price target on shares of Texas Instruments from $200.00 to $190.00 and set a "neutral" rating for the company in a report on Friday, January 24th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $250.00 price target on shares of Texas Instruments in a research report on Tuesday, January 21st. Barclays lowered their price target on Texas Instruments from $200.00 to $180.00 and set an "equal weight" rating for the company in a research report on Friday, January 24th. Finally, Benchmark reaffirmed a "buy" rating and issued a $230.00 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 given a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $209.20.

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 on Monday, February 24th. The shares were sold at an average price of $203.62, for a total transaction of $1,234,955.30. Following the transaction, the director now directly 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mark A. Blinn sold 590 shares of the firm's stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $180.71, for a total transaction of $106,618.90. Following the completion of the sale, the director now directly owns 11,717 shares of the company's stock, valued at approximately $2,117,379.07. This represents a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 297,655 shares of company stock worth $59,841,304. Company insiders own 0.57% 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.