NEOS Investment Management LLC Boosts Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

NEOS Investment Management LLC lifted its holdings in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 24.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 115,172 shares of the semiconductor company's stock after purchasing an additional 22,930 shares during the period. NEOS Investment Management LLC's holdings in Texas Instruments were worth $21,596,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. UniSuper Management Pty Ltd grew its position in shares of Texas Instruments by 10.2% in the fourth quarter. UniSuper Management Pty Ltd now owns 146,931 shares of the semiconductor company's stock valued at $27,551,000 after purchasing an additional 13,614 shares during the period. Sava Infond d.o.o. acquired a new stake in Texas Instruments in the 4th quarter worth about $248,000. Artisan Partners Limited Partnership raised its holdings in shares of Texas Instruments by 4.2% during the fourth quarter. Artisan Partners Limited Partnership now owns 627,292 shares of the semiconductor company's stock valued at $117,624,000 after acquiring an additional 25,199 shares during the last quarter. Penobscot Investment Management Company Inc. lifted its position in shares of Texas Instruments by 6.0% in the fourth quarter. Penobscot Investment Management Company Inc. now owns 7,491 shares of the semiconductor company's stock valued at $1,405,000 after acquiring an additional 425 shares in the last quarter. Finally, Ipsen Advisor Group LLC acquired a new stake in shares of Texas Instruments in the fourth quarter worth approximately $652,000. Hedge funds and other institutional investors own 84.99% of the company's stock.

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Insider Activity

In related news, Director Mark A. Blinn sold 590 shares of the business'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 $2,117,379.07. The trade was a 4.79 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Chairman Richard K. Templeton sold 97,000 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $197.69, for a total value of $19,175,930.00. Following the sale, the chairman now directly owns 409,089 shares of the company's stock, valued at $80,872,804.41. The trade was a 19.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 297,655 shares of company stock valued at $59,841,304. Insiders own 0.57% of the company's stock.

Texas Instruments Trading Down 2.5 %

NASDAQ:TXN traded down $4.43 on Friday, reaching $176.33. 5,490,538 shares of the company's stock were exchanged, compared to its average volume of 5,708,235. The business has a fifty day moving average of $186.45 and a 200-day moving average of $194.68. The company has a quick ratio of 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76. Texas Instruments Incorporated has a 52-week low of $159.11 and a 52-week high of $220.39. The firm has a market capitalization of $160.45 billion, a price-to-earnings ratio of 33.97, a price-to-earnings-growth 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 last year, the firm earned $1.49 earnings per share. As a group, 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 announced a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Friday, January 31st were given a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a dividend yield of 3.09%. The ex-dividend date of this dividend was Friday, January 31st. Texas Instruments's dividend payout ratio (DPR) is 104.82%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Rosenblatt Securities restated a "buy" rating and issued a $250.00 price objective on shares of Texas Instruments in a report on Tuesday, January 21st. Mizuho decreased their price target on shares of Texas Instruments from $200.00 to $190.00 and set a "neutral" rating on the stock in a research note on Friday, January 24th. Truist Financial dropped their price objective on shares of Texas Instruments from $199.00 to $195.00 and set a "hold" rating for the company in a research note on Friday, January 24th. Wells Fargo & Company decreased their target price on shares of Texas Instruments from $215.00 to $208.00 and set an "equal weight" rating on the stock in a research note on Monday, January 13th. Finally, Barclays lowered their target price on Texas Instruments from $200.00 to $180.00 and set an "equal weight" rating on the stock in a report on Friday, January 24th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $209.20.

Texas Instruments 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.