Kovitz Investment Group Partners LLC increased its position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 43.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 121,949 shares of the semiconductor company's stock after buying an additional 37,129 shares during the period. Kovitz Investment Group Partners LLC's holdings in Texas Instruments were worth $22,867,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of TXN. Fiduciary Alliance LLC boosted its holdings in Texas Instruments by 25.3% in the 4th quarter. Fiduciary Alliance LLC now owns 36,801 shares of the semiconductor company's stock valued at $6,901,000 after purchasing an additional 7,424 shares during the period. Ameritas Advisory Services LLC raised its position in shares of Texas Instruments by 73.7% during the fourth quarter. Ameritas Advisory Services LLC now owns 8,739 shares of the semiconductor company's stock valued at $1,639,000 after buying an additional 3,707 shares during the last quarter. HB Wealth Management LLC lifted its stake in shares of Texas Instruments by 4.4% in the fourth quarter. HB Wealth Management LLC now owns 99,856 shares of the semiconductor company's stock valued at $18,724,000 after buying an additional 4,238 shares during the period. Hamlin Capital Management LLC grew its position in Texas Instruments by 9.2% during the fourth quarter. Hamlin Capital Management LLC now owns 871,623 shares of the semiconductor company's stock worth $163,438,000 after buying an additional 73,715 shares in the last quarter. Finally, Franklin Resources Inc. increased its stake in Texas Instruments by 0.8% during the third quarter. Franklin Resources Inc. now owns 7,025,965 shares of the semiconductor company's stock valued at $1,466,003,000 after acquiring an additional 55,690 shares during the period. 84.99% of the stock is owned by institutional investors.
Texas Instruments Stock Performance
TXN stock opened at $162.86 on Friday. The company has a 50 day moving average price of $174.21 and a 200 day moving average price of $187.82. Texas Instruments Incorporated has a fifty-two week low of $139.95 and a fifty-two week high of $220.39. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.12 and a quick ratio of 2.88. The stock has a market capitalization of $148.19 billion, a PE ratio of 31.38, a price-to-earnings-growth ratio of 3.30 and a beta of 0.99.
Texas Instruments (NASDAQ:TXN - Get Free Report) last released its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share for the quarter, topping analysts' consensus estimates of $1.06 by $0.22. The company had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $3.91 billion. Texas Instruments had a return on equity of 28.08% and a net margin of 30.68%. Analysts forecast that Texas Instruments Incorporated will post 5.35 EPS for the current year.
Texas Instruments Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 13th. Stockholders of record on Wednesday, April 30th will be paid a $1.36 dividend. This represents a $5.44 annualized dividend and a dividend yield of 3.34%. The ex-dividend date is Wednesday, April 30th. Texas Instruments's dividend payout ratio (DPR) is presently 104.82%.
Wall Street Analysts Forecast Growth
A number of brokerages have commented on TXN. UBS Group reduced their price objective on Texas Instruments from $225.00 to $215.00 and set a "buy" rating for the company in a research report on Thursday. TD Securities restated a "hold" rating and issued a $160.00 target price on shares of Texas Instruments in a research note on Thursday. Stifel Nicolaus decreased their price target on shares of Texas Instruments from $200.00 to $160.00 and set a "hold" rating on the stock in a research note on Thursday, April 17th. Summit Insights cut shares of Texas Instruments from a "buy" rating to a "hold" rating in a research note on Thursday. Finally, Benchmark reduced their price objective on shares of Texas Instruments from $230.00 to $200.00 and set a "buy" rating for the company in a report on Thursday. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Texas Instruments presently has an average rating of "Hold" and a consensus target price of $189.41.
Get Our Latest Stock Report on Texas Instruments
Insider Transactions at Texas Instruments
In related news, Director Janet F. Clark sold 6,065 shares of the company's 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 sale, the director now owns 10,816 shares in the company, valued at approximately $2,202,353.92. This represents a 35.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Mark A. Blinn sold 590 shares of the firm'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 transaction, the director now owns 11,717 shares in the company, valued at approximately $2,117,379.07. This trade represents a 4.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 297,655 shares of company stock worth $59,841,304 in the last quarter. 0.57% of the stock is owned by company insiders.
About Texas Instruments
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Free Report)
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.
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