Advisors Capital Management LLC Has $63.14 Million Position in Texas Instruments Incorporated (NASDAQ:TXN)

Advisors Capital Management LLC grew its stake in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 2.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 336,702 shares of the semiconductor company's stock after purchasing an additional 6,463 shares during the quarter. Texas Instruments makes up approximately 1.0% of Advisors Capital Management LLC's holdings, making the stock its 20th biggest holding. Advisors Capital Management LLC's holdings in Texas Instruments were worth $63,135,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Promus Capital LLC bought a new position in Texas Instruments in the fourth quarter worth about $25,000. Financial Life Planners bought a new position in Texas Instruments during the 4th quarter worth $26,000. Retirement Wealth Solutions LLC bought a new stake in Texas Instruments in the fourth quarter valued at $27,000. Summit Securities Group LLC acquired a new position in shares of Texas Instruments during the fourth quarter valued at $27,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Texas Instruments in the 4th quarter worth about $28,000. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Chairman Richard K. Templeton sold 97,000 shares of the firm's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $197.69, for a total value of $19,175,930.00. Following the sale, the chairman now owns 409,089 shares in the company, valued at approximately $80,872,804.41. This trade represents a 19.17 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Janet F. Clark sold 6,065 shares of the firm's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $203.62, for a total value of $1,234,955.30. Following the completion of the sale, the director now owns 10,816 shares of the company's stock, valued at $2,202,353.92. This represents a 35.93 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 297,655 shares of company stock worth $59,841,304. 0.57% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Baird R W upgraded shares of Texas Instruments from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 7th. Rosenblatt Securities reaffirmed a "buy" rating and set a $250.00 target price on shares of Texas Instruments in a research note on Tuesday, January 21st. Barclays lowered their price target on Texas Instruments from $200.00 to $180.00 and set an "equal weight" rating on the stock in a report on Friday, January 24th. Truist Financial reduced their price objective on shares of Texas Instruments from $199.00 to $195.00 and set a "hold" rating for the company in a report on Friday, January 24th. Finally, Citigroup lowered their target price on shares of Texas Instruments from $235.00 to $210.00 and set a "buy" rating on the stock in a research note on Friday, April 11th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Texas Instruments presently has an average rating of "Hold" and an average price target of $206.86.

Texas Instruments Stock Up 1.2 %

Shares of TXN traded up $1.79 during midday trading on Friday, reaching $148.34. 5,690,642 shares of the stock were exchanged, compared to its average volume of 6,138,575. The company has a market cap of $134.97 billion, a price-to-earnings ratio of 28.58, a P/E/G ratio of 3.30 and a beta of 0.99. The firm has a 50 day simple moving average of $177.70 and a 200-day simple moving average of $189.85. Texas Instruments Incorporated has a 12-month low of $139.95 and a 12-month high of $220.39. The company has a quick ratio of 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76.

Texas Instruments (NASDAQ:TXN - Get Free Report) last posted its earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 EPS for the quarter, topping the consensus estimate of $1.20 by $0.10. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. During the same period in the prior year, the business earned $1.49 earnings per share. Research analysts forecast that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 13th. Shareholders of record on Wednesday, April 30th will be given a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a dividend yield of 3.67%. Texas Instruments's dividend payout ratio is currently 104.82%.

Texas Instruments Profile

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.