RFG Bristol Wealth Advisors LLC acquired a new position in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 10,075 shares of the semiconductor company's stock, valued at approximately $1,889,000.
Other institutional investors have also recently modified their holdings of the company. Norges Bank bought a new stake in Texas Instruments in the fourth quarter worth $2,584,490,000. Assenagon Asset Management S.A. increased its holdings in shares of Texas Instruments by 948.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 4,794,646 shares of the semiconductor company's stock worth $899,044,000 after buying an additional 4,337,295 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Texas Instruments by 11.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 21,487,468 shares of the semiconductor company's stock valued at $4,029,115,000 after acquiring an additional 2,237,035 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Texas Instruments during the 4th quarter valued at about $295,665,000. Finally, Van ECK Associates Corp boosted its holdings in Texas Instruments by 21.8% during the 4th quarter. Van ECK Associates Corp now owns 7,513,870 shares of the semiconductor company's stock valued at $1,408,925,000 after acquiring an additional 1,345,629 shares during the period. 84.99% of the stock is currently owned by institutional investors.
Insider Activity at Texas Instruments
In other Texas Instruments news, Chairman Richard K. Templeton sold 97,000 shares of the stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $202.72, for a total value of $19,663,840.00. Following the transaction, the chairman now owns 409,089 shares of the company's stock, valued at approximately $82,930,522.08. This represents a 19.17 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mark A. Blinn sold 590 shares of the firm'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 completion of the transaction, the director now directly owns 11,717 shares in the company, valued at $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. Insiders have sold 297,655 shares of company stock valued at $59,841,304 over the last ninety days. Insiders own 0.57% of the company's stock.
Texas Instruments Stock Down 7.9 %
Shares of TXN traded down $13.99 during trading hours on Thursday, hitting $164.20. The company had a trading volume of 11,883,502 shares, compared to its average volume of 5,775,327. The stock has a market capitalization of $149.41 billion, a price-to-earnings ratio of 31.64, a P/E/G ratio of 3.30 and a beta of 0.99. The firm has a fifty day moving average price of $184.75 and a 200-day moving average price of $194.03. Texas Instruments Incorporated has a 52-week low of $159.11 and a 52-week high of $220.39. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.88 and a current ratio of 4.12.
Texas Instruments (NASDAQ:TXN - Get Free Report) last posted its quarterly earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 EPS for the quarter, beating 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 in the previous year, the business earned $1.49 EPS. On average, equities research analysts forecast that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.
Texas Instruments Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st were issued a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a dividend yield of 3.31%. The ex-dividend date was Friday, January 31st. Texas Instruments's payout ratio is currently 104.82%.
Wall Street Analyst Weigh In
Several analysts have weighed in on the company. Barclays lowered their price objective on 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. Benchmark reiterated a "buy" rating and set a $230.00 price target on shares of Texas Instruments in a report on Friday, January 24th. Mizuho dropped their price target on shares of Texas Instruments from $200.00 to $190.00 and set a "neutral" rating for the company in a research report on Friday, January 24th. Rosenblatt Securities restated a "buy" rating and issued a $250.00 price objective on shares of Texas Instruments in a research report on Tuesday, January 21st. Finally, Cantor Fitzgerald reiterated a "neutral" rating and set a $200.00 target price on shares of Texas Instruments 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 issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $209.20.
Check Out Our Latest Analysis on TXN
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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