Capital International Investors Buys 1,080,782 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Capital International Investors increased its stake in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 26.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,194,675 shares of the semiconductor company's stock after purchasing an additional 1,080,782 shares during the period. Capital International Investors owned approximately 0.57% of Texas Instruments worth $974,054,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the company. HF Advisory Group LLC lifted its position in shares of Texas Instruments by 0.6% during the 4th quarter. HF Advisory Group LLC now owns 8,544 shares of the semiconductor company's stock worth $1,602,000 after buying an additional 52 shares during the last quarter. Blossom Wealth Management boosted its stake in shares of Texas Instruments by 5.1% in the 4th quarter. Blossom Wealth Management now owns 1,137 shares of the semiconductor company's stock valued at $213,000 after purchasing an additional 55 shares in the last quarter. OLD Second National Bank of Aurora increased its holdings in shares of Texas Instruments by 11.1% during the fourth quarter. OLD Second National Bank of Aurora now owns 572 shares of the semiconductor company's stock worth $107,000 after buying an additional 57 shares in the last quarter. Avitas Wealth Management LLC raised its position in Texas Instruments by 0.5% in the fourth quarter. Avitas Wealth Management LLC now owns 10,835 shares of the semiconductor company's stock valued at $2,032,000 after purchasing an additional 59 shares during the last quarter. Finally, Augustine Asset Management Inc. raised its holdings in Texas Instruments by 5.2% in the 4th quarter. Augustine Asset Management Inc. now owns 1,204 shares of the semiconductor company's stock valued at $226,000 after buying an additional 60 shares during the last quarter. Institutional investors own 84.99% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on TXN shares. UBS Group cut their target price on Texas Instruments from $225.00 to $215.00 and set a "buy" rating on the stock in a report on Thursday. JPMorgan Chase & Co. decreased their target price on Texas Instruments from $230.00 to $195.00 and set an "overweight" rating for the company in a research report on Thursday. Robert W. Baird raised shares of Texas Instruments from a "neutral" rating to an "outperform" rating and set a $175.00 target price for the company in a research report on Monday, April 7th. Rosenblatt Securities reaffirmed a "buy" rating and set a $216.00 price objective on shares of Texas Instruments in a report on Thursday. Finally, Truist Financial reduced their price objective on Texas Instruments from $195.00 to $171.00 and set a "hold" rating for the company in a research note on Thursday. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $192.23.

Insider Buying and Selling at Texas Instruments

In other news, Director Janet F. Clark sold 6,065 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $203.62, for a total value of $1,234,955.30. Following the sale, the director now directly owns 10,816 shares of the company's stock, valued at approximately $2,202,353.92. This represents a 35.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Richard K. Templeton sold 97,000 shares of Texas Instruments stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $202.72, for a total value of $19,663,840.00. Following the completion of the transaction, the chairman now directly owns 409,089 shares of the company's stock, valued at approximately $82,930,522.08. This represents a 19.17 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 297,655 shares of company stock valued at $59,841,304. 0.57% of the stock is currently owned by corporate insiders.

Texas Instruments Price Performance

Shares of TXN stock traded up $10.93 during trading hours on Thursday, hitting $163.08. 10,284,214 shares of the company's stock were exchanged, compared to its average volume of 6,191,096. The company has a market capitalization of $148.39 billion, a PE ratio of 31.40, a PEG ratio of 3.30 and a beta of 0.99. The business's 50 day simple moving average is $175.10 and its 200-day simple moving average is $188.36. Texas Instruments Incorporated has a 12-month low of $139.95 and a 12-month high of $220.39. The company has a current ratio of 4.12, a quick ratio of 2.88 and a debt-to-equity ratio of 0.76.

Texas Instruments (NASDAQ:TXN - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.22. The firm had revenue of $4.07 billion for the quarter, compared to analysts' expectations of $3.91 billion. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. On average, equities research analysts anticipate that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 13th. Shareholders of record on Wednesday, April 30th will be issued a $1.36 dividend. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $5.44 annualized dividend and a yield of 3.34%. Texas Instruments's dividend payout ratio (DPR) is presently 104.82%.

About Texas Instruments

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.