Fayez Sarofim & Co Has $887.34 Million Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Fayez Sarofim & Co raised its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 3.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,693,267 shares of the semiconductor company's stock after buying an additional 168,936 shares during the period. Texas Instruments accounts for approximately 2.2% of Fayez Sarofim & Co's portfolio, making the stock its 12th biggest holding. Fayez Sarofim & Co owned 0.51% of Texas Instruments worth $887,343,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Norges Bank acquired a new position in shares of Texas Instruments during the fourth quarter worth approximately $2,584,490,000. Assenagon Asset Management S.A. raised its stake in shares of Texas Instruments by 948.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 4,794,646 shares of the semiconductor company's stock valued at $899,044,000 after buying an additional 4,337,295 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Texas Instruments by 11.6% during the fourth 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. Invesco Ltd. lifted its position in shares of Texas Instruments by 15.4% during the 4th quarter. Invesco Ltd. now owns 11,893,157 shares of the semiconductor company's stock worth $2,230,086,000 after buying an additional 1,587,036 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in shares of Texas Instruments in the 4th quarter valued at $295,665,000. Institutional investors and hedge funds own 84.99% of the company's stock.

Texas Instruments Stock Up 0.5 %

Shares of TXN stock traded up $0.73 during trading on Friday, reaching $162.86. The company's stock had a trading volume of 8,381,928 shares, compared to its average volume of 6,202,420. The company has a market cap of $148.19 billion, a price-to-earnings ratio of 31.38, a price-to-earnings-growth ratio of 3.30 and a beta of 0.99. Texas Instruments Incorporated has a one year low of $139.95 and a one year high of $220.39. The business has a fifty day moving average price of $174.68 and a 200-day moving average price of $188.09. The company has a quick ratio of 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76.

Texas Instruments (NASDAQ:TXN - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 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%. Analysts anticipate that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Dividend Announcement

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

Analyst Upgrades and Downgrades

Several brokerages have weighed in on TXN. Robert W. Baird raised shares of Texas Instruments from a "neutral" rating to an "outperform" rating and set a $175.00 price objective on the stock in a research note on Monday, April 7th. Barclays lowered Texas Instruments from an "equal weight" rating to an "underweight" rating and decreased their price target for the stock from $180.00 to $125.00 in a research report on Tuesday. Rosenblatt Securities reiterated a "buy" rating and issued a $216.00 price objective on shares of Texas Instruments in a research report on Thursday. TD Securities restated a "hold" rating and set a $160.00 target price on shares of Texas Instruments in a report on Thursday. Finally, Summit Insights cut Texas Instruments from a "buy" rating to a "hold" rating in a report on Thursday. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $189.41.

Insiders Place Their Bets

In other news, Director Mark A. Blinn sold 590 shares of the company's stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $180.71, for a total value of $106,618.90. Following the sale, the director now directly owns 11,717 shares of the company's stock, valued at approximately $2,117,379.07. This represents a 4.79 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Richard K. Templeton sold 97,000 shares of the firm's stock in a transaction dated 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 owns 409,089 shares of the company's stock, valued at $80,872,804.41. This trade represents a 19.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 297,655 shares of company stock valued at $59,841,304 in the last 90 days. 0.57% of the stock is currently owned by insiders.

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.