Campbell Newman Asset Management Inc. lessened its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 7.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 125,063 shares of the semiconductor company's stock after selling 9,844 shares during the quarter. Texas Instruments comprises 1.9% of Campbell Newman Asset Management Inc.'s investment portfolio, making the stock its 23rd biggest holding. Campbell Newman Asset Management Inc.'s holdings in Texas Instruments were worth $23,451,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors also recently made changes to their positions in the company. Apella Capital LLC increased its stake in Texas Instruments by 2.1% during the 4th quarter. Apella Capital LLC now owns 8,461 shares of the semiconductor company's stock valued at $1,587,000 after purchasing an additional 176 shares in the last quarter. Founders Grove Wealth Partners LLC bought a new stake in shares of Texas Instruments during the fourth quarter worth about $226,000. Avity Investment Management Inc. raised its holdings in shares of Texas Instruments by 1.6% in the 4th quarter. Avity Investment Management Inc. now owns 198,922 shares of the semiconductor company's stock worth $37,300,000 after acquiring an additional 3,180 shares during the last quarter. Moseley Investment Management Inc. lifted its position in Texas Instruments by 2.3% in the 4th quarter. Moseley Investment Management Inc. now owns 2,825 shares of the semiconductor company's stock valued at $530,000 after acquiring an additional 63 shares in the last quarter. Finally, Laurel Wealth Advisors LLC boosted its stake in Texas Instruments by 16.0% during the 4th quarter. Laurel Wealth Advisors LLC now owns 1,810 shares of the semiconductor company's stock valued at $339,000 after purchasing an additional 250 shares during the last quarter. 84.99% of the stock is currently owned by institutional investors and hedge funds.
Insider Transactions at Texas Instruments
In related news, Director Robert E. Sanchez sold 9,990 shares of the stock in a transaction on Friday, October 25th. The stock was sold at an average price of $208.80, for a total value of $2,085,912.00. Following the sale, the director now owns 20,461 shares in the company, valued at approximately $4,272,256.80. This trade represents a 32.81 % 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 the business's stock in a transaction dated 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 owns 14,323 shares of the company's stock, valued at approximately $2,912,295.59. The trade was 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.
Wall Street Analysts Forecast Growth
A number of research analysts have recently weighed in on TXN shares. Cantor Fitzgerald restated a "neutral" rating and issued a $200.00 target price on shares of Texas Instruments in a report on Wednesday, October 23rd. Summit Insights upgraded Texas Instruments from a "hold" rating to a "buy" rating in a research note on Wednesday, October 23rd. Mizuho set a $200.00 target price on shares of Texas Instruments in a research note on Friday, October 18th. Wells Fargo & Company dropped their price target on shares of Texas Instruments from $215.00 to $208.00 and set an "equal weight" rating on the stock in a research report on Monday. Finally, Truist Financial reduced their price objective on shares of Texas Instruments from $198.00 to $190.00 and set a "hold" rating for the company in a research report on Wednesday, October 23rd. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, Texas Instruments currently has an average rating of "Hold" and an average price target of $209.71.
Read Our Latest Stock Report on TXN
Texas Instruments Stock Performance
Shares of TXN stock traded up $4.61 during trading on Wednesday, reaching $198.11. 283,577 shares of the company's stock traded hands, compared to its average volume of 4,393,478. The firm's 50-day moving average is $196.30 and its 200 day moving average is $199.76. The company has a market capitalization of $180.72 billion, a P/E ratio of 36.82, a PEG ratio of 4.19 and a beta of 0.98. Texas Instruments Incorporated has a 1 year low of $155.46 and a 1 year high of $220.38. The company has a current ratio of 4.31, a quick ratio of 3.14 and a debt-to-equity ratio of 0.74.
Texas Instruments (NASDAQ:TXN - Get Free Report) last posted its earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.09. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. The firm had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.12 billion. During the same quarter in the prior year, the business posted $1.80 earnings per share. The business's quarterly revenue was down 8.4% on a year-over-year basis. Equities research analysts expect that Texas Instruments Incorporated will post 5.08 EPS for the current year.
Texas Instruments Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st were issued a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date of this dividend was Thursday, October 31st. This is a positive change from Texas Instruments's previous quarterly dividend of $1.30. Texas Instruments's payout ratio is presently 101.12%.
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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