Texas Instruments Incorporated (NASDAQ:TXN) Shares Acquired by Bank Pictet & Cie Europe AG

Bank Pictet & Cie Europe AG increased its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 14.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 138,350 shares of the semiconductor company's stock after buying an additional 17,840 shares during the period. Bank Pictet & Cie Europe AG's holdings in Texas Instruments were worth $25,942,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Financial Life Planners acquired a new position in shares of Texas Instruments during the 4th quarter worth about $26,000. Retirement Wealth Solutions LLC bought a new stake in shares of Texas Instruments during the fourth quarter worth approximately $27,000. MidAtlantic Capital Management Inc. acquired a new position in Texas Instruments in the 3rd quarter valued at $28,000. Capital Performance Advisors LLP bought a new position in Texas Instruments during the third quarter worth about $39,000. Finally, FSA Wealth Management LLC acquired a new stake in shares of Texas Instruments in the third quarter valued at approximately $41,000. 84.99% of the stock is currently owned by institutional investors.

Texas Instruments Trading Up 5.3 %

Shares of TXN traded up $9.86 during mid-day trading on Wednesday, reaching $196.32. 8,435,171 shares of the company's stock traded hands, compared to its average volume of 6,376,803. Texas Instruments Incorporated has a 12 month low of $159.11 and a 12 month high of $220.38. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.12 and a quick ratio of 2.88. The stock has a market cap of $179.09 billion, a P/E ratio of 37.83, a P/E/G ratio of 2.96 and a beta of 0.97. The stock's 50-day moving average is $187.90 and its two-hundred day moving average is $197.23.

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 for the quarter, beating 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 in the prior year, the company earned $1.49 earnings per share. Research analysts forecast that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Friday, January 31st were paid a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date of this dividend was Friday, January 31st. Texas Instruments's dividend payout ratio (DPR) is presently 104.82%.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Barclays lowered their price objective on shares of Texas Instruments from $200.00 to $180.00 and set an "equal weight" rating for the company in a research report on Friday, January 24th. Evercore ISI boosted their price objective on shares of Texas Instruments from $268.00 to $298.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 23rd. Cantor Fitzgerald restated a "neutral" rating and set a $200.00 price target on shares of Texas Instruments in a report on Friday, January 24th. Wells Fargo & Company lowered their target price on Texas Instruments from $215.00 to $208.00 and set an "equal weight" rating for the company in a report on Monday, January 13th. Finally, Truist Financial reduced their target price on Texas Instruments from $199.00 to $195.00 and set a "hold" rating for the company in a research note on Friday, January 24th. Two research 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 data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $209.20.

Insider Transactions at Texas Instruments

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

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.