Allianz SE bought a new stake in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 8,215 shares of the semiconductor company's stock, valued at approximately $1,540,000.
Other hedge funds also recently made changes to their positions in the company. HF Advisory Group LLC raised its position in Texas Instruments by 0.6% in the fourth quarter. HF Advisory Group LLC now owns 8,544 shares of the semiconductor company's stock worth $1,602,000 after acquiring an additional 52 shares during the period. Blossom Wealth Management increased its stake in shares of Texas Instruments by 5.1% during the 4th quarter. Blossom Wealth Management now owns 1,137 shares of the semiconductor company's stock worth $213,000 after purchasing an additional 55 shares during the last quarter. OLD Second National Bank of Aurora raised its holdings in shares of Texas Instruments by 11.1% in the 4th quarter. OLD Second National Bank of Aurora now owns 572 shares of the semiconductor company's stock worth $107,000 after purchasing an additional 57 shares during the period. Avitas Wealth Management LLC lifted its stake in Texas Instruments by 0.5% in the fourth quarter. Avitas Wealth Management LLC now owns 10,835 shares of the semiconductor company's stock valued at $2,032,000 after purchasing an additional 59 shares during the last quarter. Finally, Augustine Asset Management Inc. lifted its stake in Texas Instruments by 5.2% in the fourth quarter. Augustine Asset Management Inc. now owns 1,204 shares of the semiconductor company's stock valued at $226,000 after purchasing an additional 60 shares during the last quarter. 84.99% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
TXN has been the topic of several research reports. Wells Fargo & Company lowered their target price on Texas Instruments from $215.00 to $208.00 and set an "equal weight" rating on the stock in a research note on Monday, January 13th. Barclays lowered their price objective on Texas Instruments from $200.00 to $180.00 and set an "equal weight" rating on the stock in a research note on Friday, January 24th. Mizuho cut their target price on shares of Texas Instruments from $200.00 to $190.00 and set a "neutral" rating for the company in a research report on Friday, January 24th. Benchmark reissued a "buy" rating and issued a $230.00 price target on shares of Texas Instruments in a research report on Friday, January 24th. Finally, Rosenblatt Securities restated a "buy" rating and set a $250.00 price target on shares of Texas Instruments in a research note on Tuesday, January 21st. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $209.20.
Check Out Our Latest Research Report on TXN
Insiders Place Their Bets
In other news, 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 value of $19,663,840.00. Following the transaction, the chairman now owns 409,089 shares in the company, valued at approximately $82,930,522.08. This trade represents a 19.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Janet F. Clark sold 6,065 shares of Texas Instruments stock in a transaction on 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 directly owns 10,816 shares in the company, valued at approximately $2,202,353.92. The trade was a 35.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 297,655 shares of company stock valued at $59,841,304 over the last three months. Insiders own 0.57% of the company's stock.
Texas Instruments Price Performance
Shares of TXN traded up $0.20 during midday trading on Wednesday, reaching $178.19. The stock had a trading volume of 4,267,375 shares, compared to its average volume of 5,731,127. 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 company has a market capitalization of $162.14 billion, a price-to-earnings ratio of 34.33, a price-to-earnings-growth ratio of 3.30 and a beta of 0.98. The company's 50-day moving average is $185.85 and its 200 day moving average is $194.36. Texas Instruments Incorporated has a 12-month low of $159.11 and a 12-month high of $220.39.
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. On average, equities analysts predict that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.
Texas Instruments Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Friday, January 31st were given a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date was Friday, January 31st. Texas Instruments's payout ratio is presently 104.82%.
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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