Alliancebernstein L.P. Acquires 822,797 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Alliancebernstein L.P. increased its position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 6.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 12,706,971 shares of the semiconductor company's stock after buying an additional 822,797 shares during the quarter. Texas Instruments comprises approximately 0.8% of Alliancebernstein L.P.'s portfolio, making the stock its 15th largest position. Alliancebernstein L.P. owned about 1.39% of Texas Instruments worth $2,382,684,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Howard Capital Management Group LLC acquired a new stake in shares of Texas Instruments during the third quarter worth about $202,000. Captrust Financial Advisors increased its stake in Texas Instruments by 0.4% in the 3rd quarter. Captrust Financial Advisors now owns 95,644 shares of the semiconductor company's stock valued at $19,757,000 after purchasing an additional 354 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec grew its stake in Texas Instruments by 207.5% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 467,811 shares of the semiconductor company's stock valued at $96,636,000 after acquiring an additional 315,672 shares during the last quarter. Edgestream Partners L.P. acquired a new stake in shares of Texas Instruments during the 3rd quarter worth about $229,000. Finally, Maverick Capital Ltd. acquired a new position in shares of Texas Instruments during the 3rd quarter valued at about $1,388,000. Hedge funds and other institutional investors own 84.99% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have commented on TXN. Benchmark reissued a "buy" rating and issued a $230.00 price objective on shares of Texas Instruments in a research report on Friday, January 24th. Mizuho decreased their target price 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. Truist Financial cut their price target on Texas Instruments from $199.00 to $195.00 and set a "hold" rating on the stock in a report on Friday, January 24th. Wells Fargo & Company decreased their price target on 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. Finally, Rosenblatt Securities reissued a "buy" rating and set a $250.00 price objective on shares of Texas Instruments in a research note on Tuesday, January 21st. 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's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $209.20.

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Texas Instruments Stock Performance

Shares of NASDAQ TXN traded down $13.94 during mid-day trading on Thursday, reaching $164.25. 6,201,160 shares of the company were exchanged, compared to its average volume of 5,747,809. The company's 50-day simple moving average is $185.47 and its 200-day simple moving average is $194.24. The stock has a market capitalization of $149.46 billion, a P/E ratio of 31.78, a P/E/G ratio of 3.30 and a beta of 0.99. Texas Instruments Incorporated has a twelve month low of $159.11 and a twelve 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 quarterly 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 net margin of 30.68% and a return on equity of 28.08%. During the same quarter last year, the business posted $1.49 EPS. As a group, research analysts predict that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Friday, January 31st were issued a $1.36 dividend. The ex-dividend date was Friday, January 31st. This represents a $5.44 dividend on an annualized basis and a yield of 3.31%. Texas Instruments's dividend payout ratio (DPR) is presently 104.82%.

Insiders Place Their Bets

In other Texas Instruments news, Director Mark A. Blinn sold 590 shares of Texas Instruments stock in a transaction that occurred on Tuesday, February 4th. The stock was 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 directly owns 11,717 shares in the company, valued at approximately $2,117,379.07. The trade was a 4.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Richard K. Templeton sold 97,000 shares of the stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $197.69, for a total transaction of $19,175,930.00. Following the transaction, the chairman now directly owns 409,089 shares in the company, valued at approximately $80,872,804.41. This represents a 19.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 297,655 shares of company stock valued at $59,841,304. 0.57% of the stock is currently owned by company insiders.

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.