Naviter Wealth LLC grew its holdings in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 17.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 12,039 shares of the semiconductor company's stock after acquiring an additional 1,766 shares during the quarter. Naviter Wealth LLC's holdings in Texas Instruments were worth $2,257,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Larson Financial Group LLC increased its position in shares of Texas Instruments by 135.7% in the 4th quarter. Larson Financial Group LLC now owns 8,691 shares of the semiconductor company's stock valued at $1,630,000 after acquiring an additional 5,004 shares during the period. Generali Investments CEE investicni spolecnost a.s. acquired a new stake in shares of Texas Instruments during the fourth quarter worth about $4,360,000. Banco Santander S.A. boosted its position in Texas Instruments by 74.5% in the fourth quarter. Banco Santander S.A. now owns 11,250 shares of the semiconductor company's stock valued at $2,109,000 after buying an additional 4,803 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich increased its holdings in Texas Instruments by 9.2% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,535,706 shares of the semiconductor company's stock worth $310,372,000 after buying an additional 129,137 shares during the period. Finally, Aviance Capital Partners LLC raised its position in Texas Instruments by 5.3% during the 4th quarter. Aviance Capital Partners LLC now owns 1,399 shares of the semiconductor company's stock worth $262,000 after buying an additional 70 shares during the last quarter. Hedge funds and other institutional investors own 84.99% of the company's stock.
Insider Activity
In other news, Director Janet F. Clark sold 6,065 shares of the company's stock in a transaction on 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 transaction, the director now owns 10,816 shares of the company's stock, valued at $2,202,353.92. This represents a 35.93 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Mark A. Blinn sold 590 shares of the stock in a transaction on 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 of the company's stock, valued at approximately $2,117,379.07. This represents a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 297,655 shares of company stock valued at $59,841,304. 0.68% of the stock is currently owned by insiders.
Texas Instruments Price Performance
Shares of TXN traded down $1.64 during trading hours on Wednesday, hitting $175.70. 5,433,648 shares of the stock were exchanged, compared to its average volume of 6,687,329. The stock's 50-day moving average price is $189.39 and its two-hundred day moving average price is $197.00. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.88 and a current ratio of 4.12. The company has a market cap of $159.87 billion, a price-to-earnings ratio of 33.85, a price-to-earnings-growth ratio of 3.30 and a beta of 0.98. Texas Instruments Incorporated has a 12-month low of $159.11 and a 12-month high of $220.38.
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, 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 quarter last year, the business earned $1.49 earnings per share. Research analysts expect that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.
Texas Instruments Announces Dividend
The business also recently disclosed 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 of this dividend was Friday, January 31st. This represents a $5.44 dividend on an annualized basis and a yield of 3.10%. Texas Instruments's payout ratio is 104.82%.
Wall Street Analyst Weigh In
Several analysts have recently commented on the stock. Mizuho dropped their price objective on shares of Texas Instruments from $200.00 to $190.00 and set a "neutral" rating on the stock in a report on Friday, January 24th. Barclays cut their price target on Texas Instruments from $200.00 to $180.00 and set an "equal weight" rating on the stock in a research report on Friday, January 24th. Benchmark reissued a "buy" rating and issued a $230.00 price objective on shares of Texas Instruments in a report on Friday, January 24th. Wells Fargo & Company dropped their target price on Texas Instruments from $215.00 to $208.00 and set an "equal weight" rating on the stock in a report on Monday, January 13th. Finally, Truist Financial decreased their price target on Texas Instruments from $199.00 to $195.00 and set a "hold" rating for the company in a report on Friday, January 24th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $209.20.
Read Our Latest Analysis on TXN
Texas Instruments Profile
(
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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