KLP Kapitalforvaltning AS Takes $57.60 Million Position in Texas Instruments Incorporated (NASDAQ:TXN)

KLP Kapitalforvaltning AS acquired a new position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 307,185 shares of the semiconductor company's stock, valued at approximately $57,600,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TXN. Howard Capital Management Group LLC bought a new stake in shares of Texas Instruments during the third quarter worth $202,000. Quest Partners LLC bought a new stake in Texas Instruments during the 3rd quarter worth about $226,000. Prospera Private Wealth LLC bought a new stake in Texas Instruments during the 3rd quarter worth about $46,000. Segall Bryant & Hamill LLC acquired a new stake in Texas Instruments in the 3rd quarter valued at about $3,556,000. Finally, Darwin Wealth Management LLC acquired a new position in shares of Texas Instruments during the third quarter worth approximately $45,000. 84.99% of the stock is owned by institutional investors.

Texas Instruments Stock Up 0.3 %

TXN traded up $0.52 during trading on Wednesday, reaching $184.49. The company had a trading volume of 5,813,052 shares, compared to its average volume of 5,361,260. The business's fifty day moving average price is $186.90 and its 200 day moving average price is $194.99. 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 Incorporated has a 12 month low of $159.11 and a 12 month high of $220.39. The company has a market cap of $167.87 billion, a P/E ratio of 35.55, a PEG ratio of 3.30 and a beta of 0.98.

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Texas Instruments (NASDAQ:TXN - Get Free Report) last announced its earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share for the quarter, topping analysts' consensus estimates 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 last year, the firm posted $1.49 earnings per share. Equities analysts anticipate that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Dividend Announcement

The company 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. This represents a $5.44 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date of this dividend was Friday, January 31st. Texas Instruments's dividend payout ratio (DPR) is currently 104.82%.

Wall Street Analyst Weigh In

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

Insider Activity

In other news, Director Mark A. Blinn sold 590 shares of the company's stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $180.71, for a total transaction of $106,618.90. Following the sale, the director now owns 11,717 shares in the company, valued at $2,117,379.07. This represents a 4.79 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Chairman Richard K. Templeton sold 97,000 shares of the company's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $202.72, for a total transaction of $19,663,840.00. Following the sale, the chairman now directly owns 409,089 shares in the company, valued at $82,930,522.08. 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 worth $59,841,304 over the last ninety days. 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.