Texas Instruments Incorporated (NASDAQ:TXN) Stake Lifted by Banque Pictet & Cie SA

Banque Pictet & Cie SA raised its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 0.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,197,676 shares of the semiconductor company's stock after acquiring an additional 18,650 shares during the period. Texas Instruments makes up 2.8% of Banque Pictet & Cie SA's holdings, making the stock its 7th biggest holding. Banque Pictet & Cie SA owned approximately 0.24% of Texas Instruments worth $412,086,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Cahill Financial Advisors Inc. grew its holdings in shares of Texas Instruments by 3.5% in the third quarter. Cahill Financial Advisors Inc. now owns 1,443 shares of the semiconductor company's stock valued at $298,000 after purchasing an additional 49 shares in the last quarter. KCM Investment Advisors LLC increased its position in shares of Texas Instruments by 1.4% during the third quarter. KCM Investment Advisors LLC now owns 3,574 shares of the semiconductor company's stock worth $738,000 after acquiring an additional 50 shares during the period. Lansing Street Advisors increased its position in shares of Texas Instruments by 4.7% during the third quarter. Lansing Street Advisors now owns 1,127 shares of the semiconductor company's stock worth $233,000 after acquiring an additional 51 shares during the period. NorthCrest Asset Manangement LLC raised its stake in shares of Texas Instruments by 1.1% in the third quarter. NorthCrest Asset Manangement LLC now owns 4,985 shares of the semiconductor company's stock valued at $1,030,000 after acquiring an additional 52 shares in the last quarter. Finally, ABLE Financial Group LLC boosted its holdings in Texas Instruments by 2.9% in the third quarter. ABLE Financial Group LLC now owns 1,818 shares of the semiconductor company's stock valued at $376,000 after purchasing an additional 52 shares during the period. 84.99% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Truist Financial lowered their price objective on Texas Instruments from $199.00 to $195.00 and set a "hold" rating for the company in a research report on Friday, January 24th. Rosenblatt Securities reiterated a "buy" rating and set a $250.00 price target on shares of Texas Instruments in a report on Tuesday, January 21st. Barclays reduced their price objective 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. Susquehanna lowered their target price on shares of Texas Instruments from $250.00 to $240.00 and set a "positive" rating for the company in a research note on Monday, October 21st. Finally, Summit Insights upgraded Texas Instruments from a "hold" rating to a "buy" rating in a research note on Wednesday, October 23rd. 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 a consensus rating of "Hold" and a consensus target price of $209.20.

Insider Buying and Selling

In other Texas Instruments news, Director Mark A. Blinn sold 590 shares of the stock in a transaction dated Tuesday, February 4th. The shares were 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 trade represents a 4.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Ronald Kirk sold 10,539 shares of Texas Instruments stock in a transaction on Monday, November 25th. The stock was sold at an average price of $203.33, for a total value of $2,142,894.87. Following the transaction, the director now directly owns 14,323 shares of the company's stock, valued at approximately $2,912,295.59. This represents a 42.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.68% of the stock is currently owned by corporate insiders.

Texas Instruments Stock Performance

TXN stock traded up $3.43 during trading on Tuesday, hitting $186.46. The company had a trading volume of 4,578,002 shares, compared to its average volume of 6,310,399. Texas Instruments Incorporated has a 1-year low of $159.11 and a 1-year high of $220.38. The firm has a 50-day moving average price of $187.97 and a 200-day moving average price of $197.24. 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 has a market cap of $170.09 billion, a PE ratio of 35.93, a price-to-earnings-growth ratio of 2.95 and a beta of 0.97.

Texas Instruments (NASDAQ:TXN - Get Free Report) last issued its quarterly earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share 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 quarter in the prior year, the firm earned $1.49 earnings per share. On average, analysts expect that Texas Instruments Incorporated will post 5.38 earnings per share for the current year.

Texas Instruments Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st were paid a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.92%. The ex-dividend date was Friday, January 31st. Texas Instruments's dividend payout ratio (DPR) is 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.