Channing Capital Management LLC purchased a new position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 53,836 shares of the semiconductor company's stock, valued at approximately $10,095,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. State Street Corp boosted its holdings in Texas Instruments by 0.9% in the 3rd quarter. State Street Corp now owns 41,679,234 shares of the semiconductor company's stock valued at $8,609,679,000 after purchasing an additional 391,306 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Texas Instruments by 11.6% during 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 purchasing an additional 2,237,035 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Texas Instruments by 2.3% during the third quarter. Geode Capital Management LLC now owns 21,286,790 shares of the semiconductor company's stock worth $4,382,936,000 after purchasing an additional 487,892 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Texas Instruments by 0.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 8,060,213 shares of the semiconductor company's stock valued at $1,664,998,000 after purchasing an additional 36,441 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Texas Instruments by 1.6% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,773,932 shares of the semiconductor company's stock valued at $1,605,861,000 after purchasing an additional 124,712 shares during the last quarter. 84.99% of the stock is owned by hedge funds and other institutional investors.
Texas Instruments Price Performance
Shares of NASDAQ TXN traded down $0.40 during trading on Wednesday, hitting $176.95. The company had a trading volume of 2,332,355 shares, compared to its average volume of 6,617,765. Texas Instruments Incorporated has a 52 week low of $159.11 and a 52 week high of $220.38. The business's 50-day moving average is $189.39 and its 200 day moving average is $197.00. 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 company has a market cap of $161.01 billion, a P/E ratio of 34.07, a PEG ratio of 3.30 and a beta of 0.98.
Texas Instruments (NASDAQ:TXN - Get Free Report) last released its quarterly earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 EPS for the quarter, beating analysts' consensus estimates of $1.20 by $0.10. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. During the same period last year, the business earned $1.49 EPS. Equities research analysts predict 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 annualized dividend and a dividend yield of 3.07%. The ex-dividend date was Friday, January 31st. Texas Instruments's payout ratio is presently 104.82%.
Insider Transactions at Texas Instruments
In related news, Chairman Richard K. Templeton sold 97,000 shares of the business's stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $197.69, for a total transaction of $19,175,930.00. Following the completion of the sale, the chairman now directly owns 409,089 shares of the company's stock, valued at $80,872,804.41. The trade was a 19.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Janet F. Clark sold 6,065 shares of the firm's stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $203.62, for a total transaction of $1,234,955.30. Following the completion of the transaction, the director now directly owns 10,816 shares in the company, valued at approximately $2,202,353.92. The trade was a 35.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 297,655 shares of company stock valued at $59,841,304. Company insiders own 0.68% of the company's stock.
Wall Street Analysts Forecast Growth
TXN has been the topic of a number of research analyst reports. Wells Fargo & Company decreased their price target on Texas Instruments from $215.00 to $208.00 and set an "equal weight" rating on the stock in a research note on Monday, January 13th. Mizuho decreased their target price on shares of Texas Instruments from $200.00 to $190.00 and set a "neutral" rating on the stock in a research report on Friday, January 24th. Truist Financial cut their price target on shares of Texas Instruments from $199.00 to $195.00 and set a "hold" rating on the stock in a research note on Friday, January 24th. 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 note on Friday, January 24th. Finally, Rosenblatt Securities reissued a "buy" rating and set a $250.00 price target on shares of Texas Instruments in a research report on Tuesday, January 21st. 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. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $209.20.
Get Our Latest Stock Report on TXN
Texas Instruments Profile
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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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