Texas Instruments Incorporated (NASDAQ:TXN) Shares Acquired by DnB Asset Management AS

DnB Asset Management AS grew its position in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 14.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 293,182 shares of the semiconductor company's stock after buying an additional 37,032 shares during the quarter. DnB Asset Management AS's holdings in Texas Instruments were worth $54,975,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Promus Capital LLC purchased a new position in shares of Texas Instruments in the 4th quarter valued at approximately $25,000. Financial Life Planners purchased a new position in Texas Instruments in the 4th quarter worth $26,000. Retirement Wealth Solutions LLC acquired a new stake in Texas Instruments during the 4th quarter worth about $27,000. Kohmann Bosshard Financial Services LLC purchased a new stake in Texas Instruments during the 4th quarter valued at about $28,000. Finally, Atala Financial Inc acquired a new position in Texas Instruments in the 4th quarter worth approximately $37,000. Hedge funds and other institutional investors own 84.99% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Cantor Fitzgerald reissued a "neutral" rating and set a $200.00 price target on shares of Texas Instruments in a report on Friday, January 24th. Wells Fargo & Company reduced their target price on Texas Instruments from $215.00 to $208.00 and set an "equal weight" rating on the stock in a research report on Monday, January 13th. Barclays cut their price objective on Texas Instruments from $200.00 to $180.00 and set an "equal weight" rating on the stock in a report on Friday, January 24th. Rosenblatt Securities reissued a "buy" rating and set a $250.00 price objective on shares of Texas Instruments in a research report on Tuesday, January 21st. Finally, Truist Financial dropped their price objective on Texas Instruments from $199.00 to $195.00 and set a "hold" rating on the stock in a report on Friday, January 24th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Texas Instruments currently has an average rating of "Hold" and a consensus target price of $209.20.

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Texas Instruments Price Performance

Texas Instruments stock traded up $3.37 during trading hours on Monday, hitting $179.70. The stock had a trading volume of 8,324,929 shares, compared to its average volume of 5,722,114. The stock has a market capitalization of $163.51 billion, a price-to-earnings ratio of 34.62, a PEG ratio of 3.30 and a beta of 0.98. Texas Instruments Incorporated has a 1-year low of $159.11 and a 1-year high of $220.39. The stock's fifty day moving average is $186.45 and its two-hundred day moving average is $194.62. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.12 and a quick ratio of 2.88.

Texas Instruments (NASDAQ:TXN - Get Free Report) last announced its quarterly earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share (EPS) 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 period in the prior year, the firm earned $1.49 EPS. As a group, analysts predict that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st were paid a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a dividend yield of 3.03%. The ex-dividend date was Friday, January 31st. Texas Instruments's dividend payout ratio is presently 104.82%.

Insiders Place Their Bets

In related news, Chairman Richard K. Templeton sold 97,000 shares of the company's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $197.69, for a total value of $19,175,930.00. Following the sale, the chairman now directly owns 409,089 shares of the company's stock, valued at $80,872,804.41. This represents a 19.17 % 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, Director Janet F. Clark sold 6,065 shares of Texas Instruments stock in a transaction dated 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 completion of the transaction, the director now owns 10,816 shares of the company's stock, valued at $2,202,353.92. This trade represents a 35.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 297,655 shares of company stock valued at $59,841,304. Insiders own 0.57% of the company's stock.

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.