Resona Asset Management Co. Ltd. Invests $58.41 Million in Texas Instruments Incorporated (NASDAQ:TXN)

Resona Asset Management Co. Ltd. purchased a new position in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 310,737 shares of the semiconductor company's stock, valued at approximately $58,414,000.

Other institutional investors have also recently made changes to their positions in the company. Promus Capital LLC bought a new position in Texas Instruments during the fourth quarter valued at approximately $25,000. Financial Life Planners bought a new stake in Texas Instruments in the fourth quarter worth $26,000. Retirement Wealth Solutions LLC purchased a new stake in Texas Instruments during the fourth quarter valued at about $27,000. Summit Securities Group LLC bought a new position in shares of Texas Instruments during the fourth quarter valued at about $27,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new position in shares of Texas Instruments in the fourth quarter worth about $28,000. Institutional investors own 84.99% of the company's stock.

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, 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 sale, the chairman now directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mark A. Blinn sold 590 shares of the firm's 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 completion of the transaction, the director now owns 11,717 shares in the company, valued at approximately $2,117,379.07. This trade represents a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 297,655 shares of company stock worth $59,841,304. Insiders own 0.57% of the company's stock.

Analyst Upgrades and Downgrades

TXN has been the topic of several recent research reports. Robert W. Baird upgraded Texas Instruments from a "neutral" rating to an "outperform" rating and set a $175.00 price target on the stock in a research report on Monday. 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. Barclays dropped their price target on shares of Texas Instruments from $200.00 to $180.00 and set an "equal weight" rating for the company in a research report on Friday, January 24th. Baird R W raised shares of Texas Instruments from a "hold" rating to a "strong-buy" rating in a research note on Monday. Finally, Benchmark reissued a "buy" rating and issued a $230.00 target price on shares of Texas Instruments in a research note on Friday, January 24th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $209.20.

Texas Instruments Stock Down 9.9 %

NASDAQ:TXN traded down $16.70 during trading hours on Thursday, reaching $152.80. 5,922,928 shares of the company traded hands, compared to its average volume of 5,968,830. The company has a current ratio of 4.12, a quick ratio of 2.88 and a debt-to-equity ratio of 0.76. The business's 50-day moving average price is $181.41 and its two-hundred day moving average price is $192.10. Texas Instruments Incorporated has a 1 year low of $143.31 and a 1 year high of $220.39. The stock has a market capitalization of $139.04 billion, a P/E ratio of 29.47, a P/E/G ratio of 3.30 and a beta of 0.99.

Texas Instruments (NASDAQ:TXN - Get Free Report) last posted its quarterly earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate 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 posted $1.49 earnings per share. Analysts predict that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Friday, January 31st were given a $1.36 dividend. The ex-dividend date of this dividend was Friday, January 31st. This represents a $5.44 annualized dividend and a yield of 3.56%. Texas Instruments's dividend payout ratio (DPR) is presently 104.82%.

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.