Generali Asset Management SPA SGR Purchases New Shares in Texas Instruments Incorporated (NASDAQ:TXN)

Generali Asset Management SPA SGR purchased a new stake in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 60,027 shares of the semiconductor company's stock, valued at approximately $11,256,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Promus Capital LLC bought a new position in Texas Instruments in the 4th quarter worth $25,000. MidAtlantic Capital Management Inc. purchased a new stake in Texas Instruments during the 3rd quarter valued at about $28,000. Financial Life Planners purchased a new stake in shares of Texas Instruments during the 4th quarter valued at about $26,000. Retirement Wealth Solutions LLC purchased a new stake in shares of Texas Instruments during the 4th quarter valued at about $27,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Texas Instruments during the 4th quarter valued at about $28,000. 84.99% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Janet F. Clark sold 6,065 shares of the company's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $203.62, for a total transaction of $1,234,955.30. Following the transaction, the director now directly owns 10,816 shares of the company's stock, valued at approximately $2,202,353.92. The trade was a 35.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 value of $106,618.90. Following the completion of the transaction, the director now directly owns 11,717 shares in the company, valued at approximately $2,117,379.07. The trade was a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 297,655 shares of company stock worth $59,841,304 over the last 90 days. 0.57% of the stock is currently owned by company insiders.

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Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Barclays lowered their price target on shares of Texas Instruments from $200.00 to $180.00 and set an "equal weight" rating on the stock in a report on Friday, January 24th. Cantor Fitzgerald restated a "neutral" rating and set a $200.00 price objective on shares of Texas Instruments in a research report on Friday, January 24th. Truist Financial decreased their price objective on shares of Texas Instruments from $199.00 to $195.00 and set a "hold" rating for the company in a research note on Friday, January 24th. Rosenblatt Securities reaffirmed a "buy" rating and set a $250.00 price target on shares of Texas Instruments in a research note on Tuesday, January 21st. Finally, Mizuho decreased 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 note on Friday, January 24th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $209.20.

Texas Instruments Trading Down 0.9 %

Shares of NASDAQ TXN traded down $1.68 during midday trading on Friday, hitting $179.00. The stock had a trading volume of 11,789,596 shares, compared to its average volume of 5,353,879. The company has a market capitalization of $162.88 billion, a price-to-earnings ratio of 34.49, a PEG ratio of 3.30 and a beta of 0.97. Texas Instruments Incorporated has a 1-year low of $159.11 and a 1-year high of $220.39. The company has a quick ratio of 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76. The company has a fifty day moving average price of $187.47 and a 200 day moving average price of $195.37.

Texas Instruments (NASDAQ:TXN - Get Free Report) last posted its quarterly earnings data on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.10. Texas Instruments had a return on equity of 28.08% and a net margin of 30.68%. During the same quarter in the prior year, the firm posted $1.49 EPS. On average, analysts predict that Texas Instruments Incorporated will post 5.35 earnings per share for the current 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 given a dividend of $1.36 per share. The ex-dividend date was Friday, January 31st. This represents a $5.44 dividend on an annualized basis and a yield of 3.04%. Texas Instruments's dividend payout ratio (DPR) is presently 104.82%.

Texas Instruments 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.