Banco Santander S.A. Boosts Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Banco Santander S.A. lifted its position in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 74.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,250 shares of the semiconductor company's stock after acquiring an additional 4,803 shares during the quarter. Banco Santander S.A.'s holdings in Texas Instruments were worth $2,109,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Assenagon Asset Management S.A. lifted its position in shares of Texas Instruments by 948.4% during 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 purchasing an additional 4,337,295 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Texas Instruments by 11.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 21,487,468 shares of the semiconductor company's stock worth $4,029,115,000 after buying an additional 2,237,035 shares during the period. Raymond James Financial Inc. bought a new stake in Texas Instruments during the 4th quarter valued at about $295,665,000. Van ECK Associates Corp grew its stake 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 acquiring an additional 1,345,629 shares in the last quarter. Finally, Proficio Capital Partners LLC raised its stake in shares of Texas Instruments by 31,596.0% during the fourth quarter. Proficio Capital Partners LLC now owns 718,865 shares of the semiconductor company's stock valued at $134,794,000 after acquiring an additional 716,597 shares in the last quarter. 84.99% of the stock is owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

TXN has been the topic of several research reports. Cantor Fitzgerald restated a "neutral" rating and set a $200.00 price objective on shares of Texas Instruments in a report on Friday, January 24th. Rosenblatt Securities restated a "buy" rating and issued a $250.00 price objective on shares of Texas Instruments in a report on Tuesday, January 21st. Barclays cut 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 research report on Friday, January 24th. Mizuho cut their price objective on shares of Texas Instruments from $200.00 to $190.00 and set a "neutral" rating on the stock in a report on Friday, January 24th. Finally, Benchmark restated a "buy" rating and set a $230.00 target price on shares of Texas Instruments in a report on Friday, January 24th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, Texas Instruments has a consensus rating of "Hold" and a consensus price target of $209.20.

Insider Transactions at Texas Instruments

In other Texas Instruments news, Chairman Richard K. Templeton sold 97,000 shares of the stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $202.72, for a total transaction of $19,663,840.00. Following the sale, the chairman now directly owns 409,089 shares of the company's stock, valued at approximately $82,930,522.08. This trade represents a 19.17 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Janet F. Clark sold 6,065 shares of the business's 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 directly owns 10,816 shares of the company's stock, valued at approximately $2,202,353.92. This trade represents a 35.93 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 297,655 shares of company stock worth $59,841,304 over the last 90 days. 0.68% of the stock is currently owned by company insiders.

Texas Instruments Stock Performance

Shares of NASDAQ TXN traded down $1.05 during mid-day trading on Wednesday, hitting $176.29. The stock had a trading volume of 726,425 shares, compared to its average volume of 6,581,571. The company has a 50 day moving average of $189.39 and a two-hundred day moving average of $197.00. Texas Instruments Incorporated has a twelve month low of $159.11 and a twelve month high of $220.38. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.88 and a current ratio of 4.12. The firm has a market cap of $160.41 billion, a PE ratio of 34.00, a PEG ratio of 3.30 and a beta of 0.98.

Texas Instruments (NASDAQ:TXN - Get Free Report) last announced its quarterly earnings data on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share 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 period last year, the firm earned $1.49 EPS. Research analysts predict that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

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 $1.36 dividend. This represents a $5.44 annualized dividend and a dividend yield of 3.09%. The ex-dividend date of this dividend was Friday, January 31st. Texas Instruments's dividend payout ratio (DPR) 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.