Merit Financial Group LLC increased its stake in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 111.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 52,987 shares of the semiconductor company's stock after acquiring an additional 27,987 shares during the quarter. Merit Financial Group LLC's holdings in Texas Instruments were worth $9,936,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of TXN. State Street Corp lifted its position in shares of Texas Instruments by 0.9% in the 3rd quarter. State Street Corp now owns 41,679,234 shares of the semiconductor company's stock valued at $8,609,679,000 after acquiring an additional 391,306 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Texas Instruments by 2.3% in the third quarter. Geode Capital Management LLC now owns 21,286,790 shares of the semiconductor company's stock worth $4,382,936,000 after buying an additional 487,892 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Texas Instruments by 4.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 19,250,433 shares of the semiconductor company's stock valued at $3,976,562,000 after buying an additional 782,053 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in Texas Instruments by 0.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 8,060,213 shares of the semiconductor company's stock valued at $1,664,998,000 after buying an additional 36,441 shares during the period. Finally, Legal & General Group Plc raised its position in Texas Instruments by 0.8% during the second quarter. Legal & General Group Plc now owns 7,831,270 shares of the semiconductor company's stock valued at $1,523,415,000 after buying an additional 64,067 shares during the period. 84.99% of the stock is owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other Texas Instruments news, Director Robert E. Sanchez sold 9,990 shares of the firm's stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $208.80, for a total transaction of $2,085,912.00. Following the completion of the transaction, the director now owns 20,461 shares in the company, valued at $4,272,256.80. This trade represents a 32.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Ronald Kirk sold 10,539 shares of the company's stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $203.33, for a total value of $2,142,894.87. Following the completion of the sale, the director now owns 14,323 shares in the company, valued at approximately $2,912,295.59. This represents a 42.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.68% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages have commented on TXN. Mizuho set a $200.00 price objective on Texas Instruments in a research report on Friday, October 18th. Robert W. Baird lowered their price objective on shares of Texas Instruments from $200.00 to $175.00 and set a "neutral" rating on the stock in a research report on Wednesday, October 23rd. Benchmark reiterated a "buy" rating and issued a $230.00 target price on shares of Texas Instruments in a research report on Wednesday, October 23rd. Truist Financial lowered their price target on shares of Texas Instruments from $198.00 to $190.00 and set a "hold" rating on the stock in a report on Wednesday, October 23rd. Finally, Barclays dropped their price target on shares of Texas Instruments from $210.00 to $200.00 and set an "equal weight" rating on the stock in a research note on Wednesday, October 23rd. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $209.71.
Check Out Our Latest Stock Report on TXN
Texas Instruments Stock Performance
Shares of Texas Instruments stock traded up $5.05 during trading on Friday, reaching $192.42. The company's stock had a trading volume of 5,388,038 shares, compared to its average volume of 4,167,320. Texas Instruments Incorporated has a one year low of $155.46 and a one year high of $220.38. The company has a debt-to-equity ratio of 0.74, a quick ratio of 3.14 and a current ratio of 4.31. The firm has a market cap of $175.53 billion, a price-to-earnings ratio of 35.77, a price-to-earnings-growth ratio of 3.69 and a beta of 0.98. The business's fifty day moving average price is $194.79 and its 200-day moving average price is $199.64.
Texas Instruments (NASDAQ:TXN - Get Free Report) last issued its quarterly earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 EPS for the quarter, topping the consensus estimate of $1.38 by $0.09. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. The company had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.12 billion. During the same period in the previous year, the business posted $1.80 EPS. The company's revenue for the quarter was down 8.4% on a year-over-year basis. As a group, equities research analysts predict that Texas Instruments Incorporated will post 5.08 earnings per share for the current year.
Texas Instruments Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st will be issued a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date of this dividend is Friday, January 31st. Texas Instruments's dividend payout ratio (DPR) is presently 101.12%.
Texas Instruments Profile
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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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