Pinebridge Investments L.P. Purchases 6,285 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Pinebridge Investments L.P. boosted its holdings in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 9.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 75,254 shares of the semiconductor company's stock after purchasing an additional 6,285 shares during the period. Pinebridge Investments L.P.'s holdings in Texas Instruments were worth $14,111,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TXN. Fiduciary Alliance LLC raised its position in Texas Instruments by 25.3% during the fourth quarter. Fiduciary Alliance LLC now owns 36,801 shares of the semiconductor company's stock worth $6,901,000 after acquiring an additional 7,424 shares in the last quarter. Ameritas Advisory Services LLC increased its position in Texas Instruments by 73.7% during the fourth quarter. Ameritas Advisory Services LLC now owns 8,739 shares of the semiconductor company's stock worth $1,639,000 after buying an additional 3,707 shares during the last quarter. HB Wealth Management LLC lifted its position in shares of Texas Instruments by 4.4% in the fourth quarter. HB Wealth Management LLC now owns 99,856 shares of the semiconductor company's stock valued at $18,724,000 after buying an additional 4,238 shares during the last quarter. Hamlin Capital Management LLC lifted its position in shares of Texas Instruments by 9.2% in the fourth quarter. Hamlin Capital Management LLC now owns 871,623 shares of the semiconductor company's stock valued at $163,438,000 after buying an additional 73,715 shares during the last quarter. Finally, Franklin Resources Inc. boosted its stake in shares of Texas Instruments by 0.8% during the 3rd quarter. Franklin Resources Inc. now owns 7,025,965 shares of the semiconductor company's stock worth $1,466,003,000 after acquiring an additional 55,690 shares during the period. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

TXN has been the subject of several research reports. Summit Insights downgraded Texas Instruments from a "buy" rating to a "hold" rating in a report on Thursday. DZ Bank upgraded shares of Texas Instruments from a "sell" rating to a "hold" rating and set a $163.00 target price for the company in a research note on Friday. Baird R W upgraded shares of Texas Instruments from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 7th. Benchmark lowered their price target on shares of Texas Instruments from $230.00 to $200.00 and set a "buy" rating on the stock in a report on Thursday. Finally, Cantor Fitzgerald reduced their price objective on Texas Instruments from $200.00 to $170.00 and set a "neutral" rating for the company in a report on Thursday. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Texas Instruments presently has a consensus rating of "Hold" and an average price target of $189.41.

Texas Instruments Price Performance

TXN traded up $0.73 on Friday, reaching $162.86. The stock had a trading volume of 8,381,928 shares, compared to its average volume of 6,193,889. The firm has a 50-day moving average of $174.21 and a 200-day moving average of $187.70. Texas Instruments Incorporated has a fifty-two week low of $139.95 and a fifty-two week high of $220.39. The company has a market capitalization of $148.19 billion, a price-to-earnings ratio of 31.38, a price-to-earnings-growth ratio of 3.30 and a beta of 0.99. The company has a current ratio of 4.12, a quick ratio of 2.88 and a debt-to-equity ratio of 0.76.

Texas Instruments (NASDAQ:TXN - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.06 by $0.22. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. The business had revenue of $4.07 billion during the quarter, compared to analyst estimates of $3.91 billion. As a group, sell-side analysts anticipate that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 13th. Shareholders of record on Wednesday, April 30th will be given a $1.36 dividend. The ex-dividend date is Wednesday, April 30th. This represents a $5.44 dividend on an annualized basis and a dividend yield of 3.34%. Texas Instruments's dividend payout ratio (DPR) is presently 104.82%.

Insider Activity

In related news, Director Janet F. Clark sold 6,065 shares of the business's stock in a transaction on Monday, February 24th. The shares were 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 in the company, valued at $2,202,353.92. The trade was a 35.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mark A. Blinn sold 590 shares of the 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 sale, the director now owns 11,717 shares of the company's stock, valued at approximately $2,117,379.07. The trade was a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 297,655 shares of company stock valued at $59,841,304. Company insiders own 0.57% of the company's stock.

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.