Artisan Partners Limited Partnership Buys 25,199 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Artisan Partners Limited Partnership lifted its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 4.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 627,292 shares of the semiconductor company's stock after purchasing an additional 25,199 shares during the quarter. Artisan Partners Limited Partnership owned 0.07% of Texas Instruments worth $117,624,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Promus Capital LLC bought a new stake in shares of Texas Instruments during the 4th quarter worth $25,000. Financial Life Planners acquired a new position in Texas Instruments in the 4th quarter valued at approximately $26,000. Retirement Wealth Solutions LLC bought a new stake in shares of Texas Instruments in the fourth quarter worth $27,000. Kohmann Bosshard Financial Services LLC acquired a new stake in Texas Instruments in the fourth quarter valued at $28,000. Finally, Atala Financial Inc bought a new position in Texas Instruments during the 4th quarter worth $37,000. Institutional investors own 84.99% of the company's stock.

Wall Street Analyst Weigh In

TXN has been the subject of several recent research reports. 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. Truist Financial decreased their target price on shares of Texas Instruments from $199.00 to $195.00 and set a "hold" rating for the company in a research report on Friday, January 24th. Mizuho reduced their price objective on shares of Texas Instruments from $200.00 to $190.00 and set a "neutral" rating on the stock in a research note on Friday, January 24th. Rosenblatt Securities reiterated a "buy" rating and set a $250.00 price objective on shares of Texas Instruments in a research report on Tuesday, January 21st. Finally, Barclays dropped their target price on shares of Texas Instruments from $200.00 to $180.00 and set an "equal weight" rating on the stock in a report on Friday, January 24th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Texas Instruments presently has an average rating of "Hold" and a consensus price target of $209.20.

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Insider Buying and Selling at Texas Instruments

In other news, Director Janet F. Clark sold 6,065 shares of Texas Instruments stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $203.62, for a total value of $1,234,955.30. Following the completion of the transaction, the director now owns 10,816 shares in the company, valued at $2,202,353.92. This trade represents a 35.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Richard K. Templeton sold 97,000 shares of the company'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 transaction of $19,663,840.00. Following the sale, the chairman now owns 409,089 shares in the company, valued at $82,930,522.08. The trade was a 19.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 297,655 shares of company stock worth $59,841,304 in the last quarter. 0.57% of the stock is currently owned by company insiders.

Texas Instruments Stock Down 1.0 %

TXN stock traded down $1.71 during midday trading on Tuesday, reaching $177.99. 5,962,793 shares of the company's stock traded hands, compared to its average volume of 5,736,828. The company has a quick ratio of 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76. The firm's fifty day moving average price is $185.85 and its 200-day moving average price is $194.36. Texas Instruments Incorporated has a 52 week low of $159.11 and a 52 week high of $220.39. The company has a market cap of $161.96 billion, a price-to-earnings ratio of 34.29, a P/E/G ratio of 3.30 and a beta of 0.98.

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 quarter in the prior year, the firm earned $1.49 earnings per share. As a group, sell-side analysts forecast that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st were paid a $1.36 dividend. The ex-dividend date of this dividend was Friday, January 31st. This represents a $5.44 dividend on an annualized basis and a yield of 3.06%. Texas Instruments's dividend payout ratio (DPR) is presently 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.