Menora Mivtachim Holdings LTD. lessened its stake in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 2.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 612,317 shares of the semiconductor company's stock after selling 14,379 shares during the quarter. Menora Mivtachim Holdings LTD. owned 0.07% of Texas Instruments worth $114,816,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in shares of Texas Instruments by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 93,567,277 shares of the semiconductor company's stock worth $17,544,800,000 after purchasing an additional 649,620 shares during the last quarter. Geode Capital Management LLC raised its position in Texas Instruments by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 21,554,142 shares of the semiconductor company's stock worth $4,032,599,000 after acquiring an additional 267,352 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Texas Instruments by 11.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 21,487,468 shares of the semiconductor company's stock valued at $4,029,115,000 after acquiring an additional 2,237,035 shares during the last quarter. Norges Bank bought a new position in shares of Texas Instruments in the 4th quarter valued at about $2,584,490,000. Finally, Alliancebernstein L.P. raised its holdings in shares of Texas Instruments by 6.9% in the 4th quarter. Alliancebernstein L.P. now owns 12,706,971 shares of the semiconductor company's stock valued at $2,382,684,000 after purchasing an additional 822,797 shares during the period. Institutional investors own 84.99% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on TXN shares. Stifel Nicolaus reduced their price target on Texas Instruments from $200.00 to $160.00 and set a "hold" rating for the company in a report on Thursday. Mizuho decreased their target price on Texas Instruments from $200.00 to $190.00 and set a "neutral" rating on the stock in a report on Friday, January 24th. Citigroup cut their price target on Texas Instruments from $235.00 to $210.00 and set a "buy" rating for the company in a report on Friday, April 11th. Barclays decreased 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 research note on Friday, January 24th. Finally, Robert W. Baird upgraded Texas Instruments from a "neutral" rating to an "outperform" rating and set a $175.00 price objective for the company in a report on Monday, April 7th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $206.86.
View Our Latest Stock Analysis on TXN
Texas Instruments Price Performance
Shares of TXN traded up $1.79 during mid-day trading on Friday, reaching $148.34. The company had a trading volume of 5,690,642 shares, compared to its average volume of 6,138,575. The company's 50 day simple moving average is $177.70 and its 200 day simple moving average is $189.85. The company has a market capitalization of $134.97 billion, a price-to-earnings ratio of 28.58, a P/E/G ratio of 3.30 and a beta of 0.99. Texas Instruments Incorporated has a 1-year low of $139.95 and a 1-year high of $220.39. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.88 and a current ratio of 4.12.
Texas Instruments (NASDAQ:TXN - Get Free Report) last announced its quarterly earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 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 business posted $1.49 earnings per share. Analysts expect that Texas Instruments Incorporated will post 5.35 EPS for the current year.
Texas Instruments Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 13th. Investors of record on Wednesday, April 30th will be given a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a yield of 3.67%. Texas Instruments's dividend payout ratio is presently 104.82%.
Insiders Place Their Bets
In other Texas Instruments news, Director Janet F. Clark sold 6,065 shares of the firm's stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $203.62, for a total transaction of $1,234,955.30. Following the completion of the transaction, the director now owns 10,816 shares in the company, valued at approximately $2,202,353.92. This trade represents a 35.93 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Richard K. Templeton sold 97,000 shares of the business's stock in a transaction on Wednesday, February 26th. The shares were 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 approximately $80,872,804.41. The trade was a 19.17 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 297,655 shares of company stock valued at $59,841,304 in the last ninety days. 0.57% of the stock is currently owned by 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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