Citizens Financial Group Inc. RI lifted its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 12.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 42,306 shares of the semiconductor company's stock after purchasing an additional 4,653 shares during the period. Citizens Financial Group Inc. RI's holdings in Texas Instruments were worth $7,933,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently made changes to their positions in the business. Riverbend Wealth Management LLC bought a new position in shares of Texas Instruments in the 4th quarter worth about $429,000. Channing Capital Management LLC purchased a new stake in Texas Instruments in the fourth quarter worth about $10,095,000. Ranch Capital Advisors Inc. increased its stake in shares of Texas Instruments by 1.2% during the fourth quarter. Ranch Capital Advisors Inc. now owns 9,906 shares of the semiconductor company's stock valued at $1,857,000 after purchasing an additional 122 shares in the last quarter. Tortoise Investment Management LLC lifted its holdings in shares of Texas Instruments by 27.1% during the fourth quarter. Tortoise Investment Management LLC now owns 1,248 shares of the semiconductor company's stock valued at $234,000 after purchasing an additional 266 shares during the last quarter. Finally, Independent Advisor Alliance boosted its position in shares of Texas Instruments by 21.8% in the 4th quarter. Independent Advisor Alliance now owns 25,452 shares of the semiconductor company's stock worth $4,773,000 after purchasing an additional 4,548 shares in the last quarter. Institutional investors own 84.99% of the company's stock.
Texas Instruments Stock Performance
Shares of TXN stock traded down $0.41 during mid-day trading on Wednesday, reaching $176.93. 2,614,045 shares of the company's stock traded hands, compared to its average volume of 6,623,868. Texas Instruments Incorporated has a 12 month low of $159.11 and a 12 month high of $220.38. The firm has a 50 day moving average price of $189.39 and a two-hundred day moving average price of $197.00. The firm has a market capitalization of $160.99 billion, a PE ratio of 34.06, a price-to-earnings-growth ratio of 3.30 and a beta of 0.98. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.88 and a current ratio of 4.12.
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, beating the consensus estimate 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 quarter in the prior year, the company earned $1.49 EPS. On average, research analysts forecast that Texas Instruments Incorporated will post 5.35 EPS for the current year.
Texas Instruments Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st were issued a $1.36 dividend. This represents a $5.44 annualized dividend and a dividend yield of 3.07%. The ex-dividend date of this dividend was Friday, January 31st. Texas Instruments's dividend payout ratio (DPR) is presently 104.82%.
Insider Buying and Selling
In other news, Chairman Richard K. Templeton sold 97,000 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $202.72, for a total transaction of $19,663,840.00. Following the completion of the transaction, the chairman now directly owns 409,089 shares in the company, valued at approximately $82,930,522.08. This represents a 19.17 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mark A. Blinn sold 590 shares of the stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $180.71, for a total transaction of $106,618.90. Following the transaction, the director now owns 11,717 shares of the company's stock, valued at $2,117,379.07. This trade represents a 4.79 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 297,655 shares of company stock worth $59,841,304. 0.68% of the stock is owned by insiders.
Analysts Set New Price Targets
A number of research analysts have issued reports on TXN shares. Rosenblatt Securities reiterated a "buy" rating and set a $250.00 price objective on shares of Texas Instruments in a research note on Tuesday, January 21st. Truist Financial dropped 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. Wells Fargo & Company reduced their price objective on shares of Texas Instruments from $215.00 to $208.00 and set an "equal weight" rating for the company in a research note on Monday, January 13th. Benchmark reiterated a "buy" rating and issued a $230.00 target price on shares of Texas Instruments in a research note on Friday, January 24th. Finally, Mizuho reduced their price target on shares of Texas Instruments from $200.00 to $190.00 and set a "neutral" rating for the company in a research report on Friday, January 24th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $209.20.
View Our Latest Stock Analysis on TXN
Texas Instruments Company 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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