ING Groep NV Raises Stake in Texas Instruments Incorporated (NASDAQ:TXN)

ING Groep NV raised its stake in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 59.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 288,085 shares of the semiconductor company's stock after purchasing an additional 106,941 shares during the period. ING Groep NV's holdings in Texas Instruments were worth $54,019,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Howard Capital Management Group LLC purchased a new stake in shares of Texas Instruments during the third quarter worth about $202,000. Raleigh Capital Management Inc. raised its position in Texas Instruments by 13.3% during the third quarter. Raleigh Capital Management Inc. now owns 553 shares of the semiconductor company's stock valued at $114,000 after acquiring an additional 65 shares in the last quarter. Foundations Investment Advisors LLC lifted its stake in shares of Texas Instruments by 31.0% in the 3rd quarter. Foundations Investment Advisors LLC now owns 6,473 shares of the semiconductor company's stock valued at $1,337,000 after purchasing an additional 1,531 shares during the period. Eastern Bank acquired a new position in shares of Texas Instruments in the third quarter worth about $722,000. Finally, Waldron Private Wealth LLC boosted its position in Texas Instruments by 10.9% during the third quarter. Waldron Private Wealth LLC now owns 3,524 shares of the semiconductor company's stock worth $728,000 after purchasing an additional 347 shares in the last quarter. 84.99% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Mark A. Blinn sold 590 shares of the business's 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 completion of the transaction, the director now 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 sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Ronald Kirk sold 10,539 shares of the company's stock in a transaction on Monday, November 25th. The shares were sold at an average price of $203.33, for a total transaction of $2,142,894.87. Following the completion of the transaction, the director now 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 disclosure for this sale can be found here. Insiders own 0.68% of the company's stock.

Texas Instruments Trading Down 1.0 %

Shares of Texas Instruments stock 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 firm has a 50-day moving average of $188.23 and a two-hundred day moving average of $197.27. 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. 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 Incorporated has a 12-month low of $159.11 and a 12-month high of $220.38.

Texas Instruments (NASDAQ:TXN - Get Free Report) last issued its quarterly earnings data on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 business posted $1.49 earnings per share. Sell-side analysts forecast that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Friday, January 31st were issued 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 was Friday, January 31st. Texas Instruments's dividend payout ratio (DPR) is 104.82%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on TXN. Mizuho dropped their price target on shares of Texas Instruments from $200.00 to $190.00 and set a "neutral" rating on the stock in a research note on Friday, January 24th. Wells Fargo & Company dropped their target price on shares of 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 reduced their price target 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. Benchmark reiterated a "buy" rating and issued a $230.00 price objective on shares of Texas Instruments in a report on Friday, January 24th. Finally, Truist Financial reduced their target price on Texas Instruments from $199.00 to $195.00 and set a "hold" rating for the company 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 MarketBeat, Texas Instruments currently has an average rating of "Hold" and a consensus target price of $209.20.

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.