Alberta Investment Management Corp Takes $16.96 Million Position in Texas Instruments Incorporated (NASDAQ:TXN)

Alberta Investment Management Corp bought a new stake in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 90,460 shares of the semiconductor company's stock, valued at approximately $16,962,000.

Several other hedge funds and other institutional investors have also modified their holdings of TXN. Assenagon Asset Management S.A. increased its stake in shares of Texas Instruments by 948.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 4,794,646 shares of the semiconductor company's stock worth $899,044,000 after acquiring an additional 4,337,295 shares during the last quarter. Van ECK Associates Corp increased its position in Texas Instruments by 21.8% in the 4th quarter. Van ECK Associates Corp now owns 7,513,870 shares of the semiconductor company's stock worth $1,408,925,000 after purchasing an additional 1,345,629 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Texas Instruments by 4.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 19,250,433 shares of the semiconductor company's stock worth $3,976,562,000 after purchasing an additional 782,053 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in shares of Texas Instruments by 17,253.3% during the 3rd quarter. International Assets Investment Management LLC now owns 613,440 shares of the semiconductor company's stock valued at $126,718,000 after buying an additional 609,905 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Texas Instruments by 2.3% in the 3rd quarter. Geode Capital Management LLC now owns 21,286,790 shares of the semiconductor company's stock valued at $4,382,936,000 after buying an additional 487,892 shares in the last quarter. Institutional investors and hedge funds own 84.99% of the company's stock.

Texas Instruments Stock Performance

TXN traded down $1.97 on Friday, hitting $201.99. 5,375,362 shares of the stock traded hands, compared to its average volume of 6,409,498. The business has a fifty day moving average price of $188.23 and a two-hundred day moving average price of $197.27. The company has a current ratio of 4.12, a quick ratio of 2.88 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $183.87 billion, a PE ratio of 38.92, a P/E/G ratio of 3.17 and a beta of 0.97. Texas Instruments Incorporated has a 52 week low of $159.11 and a 52 week high of $220.38.

Texas Instruments (NASDAQ:TXN - Get Free Report) last released its quarterly earnings data on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 quarter in the previous year, the firm earned $1.49 EPS. On average, research analysts predict that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st were issued a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date was Friday, January 31st. Texas Instruments's payout ratio is 104.82%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on TXN shares. Rosenblatt Securities reaffirmed a "buy" rating and set a $250.00 price objective on shares of Texas Instruments in a research report on Tuesday, January 21st. Truist Financial cut their price target on shares of Texas Instruments from $199.00 to $195.00 and set a "hold" rating on the stock in a report on Friday, January 24th. Cantor Fitzgerald reiterated a "neutral" rating and issued a $200.00 price objective on shares of Texas Instruments in a report on Friday, January 24th. Wells Fargo & Company cut their target price on Texas Instruments from $215.00 to $208.00 and set an "equal weight" rating on the stock in a report on Monday, January 13th. Finally, Mizuho decreased their price target on Texas Instruments from $200.00 to $190.00 and set a "neutral" rating for the company in a research note on Friday, January 24th. Two investment 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's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $209.20.

Insider Activity

In related news, Director Ronald Kirk sold 10,539 shares of the firm's stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $203.33, for a total transaction of $2,142,894.87. Following the completion of the transaction, the director now owns 14,323 shares in the company, valued at $2,912,295.59. This trade represents a 42.39 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mark A. Blinn sold 590 shares of the company's stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $180.71, for a total value of $106,618.90. Following the completion of the sale, the director now owns 11,717 shares in the company, valued at $2,117,379.07. This trade represents a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.68% of the stock is owned by company insiders.

Texas Instruments Company 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.