Congress Asset Management Co. Invests $1.33 Million in Texas Instruments Incorporated (NASDAQ:TXN)

Congress Asset Management Co. acquired a new stake in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 7,089 shares of the semiconductor company's stock, valued at approximately $1,329,000.

A number of other large investors also recently modified their holdings of the company. Roxbury Financial LLC bought a new position in shares of Texas Instruments in the fourth quarter valued at approximately $57,000. BXM Wealth LLC bought a new position in shares of Texas Instruments in the fourth quarter valued at approximately $717,000. PUREfi Wealth LLC bought a new stake in Texas Instruments during the fourth quarter valued at approximately $293,000. Bank Pictet & Cie Europe AG lifted its position in Texas Instruments by 14.8% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 138,350 shares of the semiconductor company's stock valued at $25,942,000 after purchasing an additional 17,840 shares during the last quarter. Finally, AustralianSuper Pty Ltd lifted its position in Texas Instruments by 52.8% during the fourth quarter. AustralianSuper Pty Ltd now owns 10,756 shares of the semiconductor company's stock valued at $2,017,000 after purchasing an additional 3,715 shares during the last quarter. 84.99% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

TXN has been the subject of several research analyst reports. Wells Fargo & Company dropped their target price on shares of Texas Instruments from $215.00 to $208.00 and set an "equal weight" rating for the company in a research report on Monday, January 13th. Benchmark reiterated a "buy" rating and set a $230.00 target price on shares of Texas Instruments in a research report on Friday, January 24th. Mizuho dropped their target price 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. Barclays dropped their target price on shares of Texas Instruments from $200.00 to $180.00 and set an "equal weight" rating for the company in a research report on Friday, January 24th. Finally, Cantor Fitzgerald reiterated a "neutral" rating and set a $200.00 target price on shares of Texas Instruments 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 stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $209.20.

Texas Instruments Trading Down 1.0 %

Shares of NASDAQ TXN traded down $1.96 during mid-day trading on Friday, hitting $202.00. The stock had a trading volume of 7,349,861 shares, compared to its average volume of 6,488,266. 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 Incorporated has a 1 year low of $159.11 and a 1 year high of $220.38. The business has a 50 day moving average price of $188.44 and a two-hundred day moving average price of $197.42. The firm has a market cap of $183.89 billion, a P/E ratio of 38.92, a price-to-earnings-growth ratio of 3.17 and a beta of 0.97.

Texas Instruments (NASDAQ:TXN - Get Free Report) last issued its earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 EPS for the quarter, topping 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 period in the prior year, the business earned $1.49 EPS. On average, equities analysts anticipate that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st were given a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date of this dividend was Friday, January 31st. Texas Instruments's payout ratio is currently 104.82%.

Insider Buying and Selling at Texas Instruments

In other news, Director Ronald Kirk sold 10,539 shares of the company's stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $203.33, for a total value of $2,142,894.87. Following the sale, the director now directly owns 14,323 shares of the company's stock, valued at $2,912,295.59. This represents a 42.39 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mark A. Blinn sold 590 shares of the company's stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $180.71, for a total transaction of $106,618.90. Following the completion of the sale, the director now directly owns 11,717 shares in the company, valued at $2,117,379.07. This represents a 4.79 % 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.

Texas Instruments Company 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.