Meiji Yasuda Asset Management Co Ltd. Has $18.64 Million Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Meiji Yasuda Asset Management Co Ltd. lifted its stake in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 1.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 99,415 shares of the semiconductor company's stock after purchasing an additional 1,468 shares during the period. Texas Instruments accounts for 0.7% of Meiji Yasuda Asset Management Co Ltd.'s portfolio, making the stock its 26th largest position. Meiji Yasuda Asset Management Co Ltd.'s holdings in Texas Instruments were worth $18,641,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently bought and sold shares of TXN. Promus Capital LLC acquired a new position in shares of Texas Instruments in the 4th quarter valued at $25,000. Financial Life Planners bought a new position in Texas Instruments during the fourth quarter worth about $26,000. Retirement Wealth Solutions LLC acquired a new position in shares of Texas Instruments during the 4th quarter worth about $27,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Texas Instruments in the 4th quarter valued at about $28,000. Finally, Atala Financial Inc acquired a new stake in shares of Texas Instruments in the 4th quarter valued at approximately $37,000. Institutional investors own 84.99% of the company's stock.

Insider Buying and Selling

In other Texas Instruments news, Director Mark A. Blinn sold 590 shares of the stock in a transaction that occurred 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 sale, the director now 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Richard K. Templeton sold 97,000 shares of the business's stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $197.69, for a total transaction of $19,175,930.00. Following the completion of the transaction, the chairman now owns 409,089 shares in the company, valued at $80,872,804.41. This trade represents a 19.17 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 297,655 shares of company stock worth $59,841,304 in the last ninety days. Company insiders own 0.57% of the company's stock.

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Analyst Ratings Changes

Several equities research analysts have commented on the stock. Barclays lowered their target price on shares of Texas Instruments from $200.00 to $180.00 and set an "equal weight" rating for the company in a research note on Friday, January 24th. Truist Financial reduced their target price on Texas Instruments from $199.00 to $195.00 and set a "hold" rating on the stock in a report on Friday, January 24th. Benchmark restated a "buy" rating and issued a $230.00 price target on shares of Texas Instruments in a report on Friday, January 24th. Mizuho cut their price objective on Texas Instruments from $200.00 to $190.00 and set a "neutral" rating on the stock in a report on Friday, January 24th. Finally, Rosenblatt Securities reiterated a "buy" rating and issued a $250.00 price objective on shares of Texas Instruments in a research report on Tuesday, January 21st. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Texas Instruments has a consensus rating of "Hold" and a consensus target price of $209.20.

Texas Instruments Price Performance

TXN traded down $4.43 during trading on Friday, hitting $176.33. 5,490,538 shares of the stock traded hands, compared to its average volume of 5,708,235. The business has a 50 day moving average price of $186.45 and a 200 day moving average price of $194.71. 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 twelve month low of $159.11 and a twelve month high of $220.39. The company has a market cap of $160.45 billion, a price-to-earnings ratio of 33.97, a PEG ratio of 3.30 and a beta of 0.98.

Texas Instruments (NASDAQ:TXN - Get Free Report) last released its earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share (EPS) for the quarter, beating 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 period in the previous year, the firm earned $1.49 EPS. Equities research analysts forecast that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Investors 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 annualized dividend and a yield of 3.09%. Texas Instruments's dividend payout ratio is presently 104.82%.

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.