Rodgers Brothers Inc. Acquires 12,825 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Rodgers Brothers Inc. grew its position in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 53.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 36,801 shares of the semiconductor company's stock after acquiring an additional 12,825 shares during the quarter. Rodgers Brothers Inc.'s holdings in Texas Instruments were worth $6,901,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of TXN. Vanguard Group Inc. boosted its holdings in Texas Instruments by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 93,567,277 shares of the semiconductor company's stock valued at $17,544,800,000 after purchasing an additional 649,620 shares in the last quarter. State Street Corp boosted its stake in Texas Instruments by 0.9% in the 3rd quarter. State Street Corp now owns 41,679,234 shares of the semiconductor company's stock valued at $8,609,679,000 after buying an additional 391,306 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Texas Instruments by 11.6% in the fourth 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 period. Geode Capital Management LLC raised its stake in Texas Instruments by 2.3% during the third quarter. Geode Capital Management LLC now owns 21,286,790 shares of the semiconductor company's stock worth $4,382,936,000 after acquiring an additional 487,892 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Texas Instruments during the fourth quarter valued at $2,584,490,000. Institutional investors and hedge funds own 84.99% of the company's stock.

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Insider Activity

In related news, Director Janet F. Clark sold 6,065 shares of the firm's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $203.62, for a total transaction of $1,234,955.30. Following the sale, the director now directly owns 10,816 shares in the company, valued at $2,202,353.92. This trade represents a 35.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Mark A. Blinn sold 590 shares of the company's stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $180.71, for a total transaction of $106,618.90. Following the completion of the transaction, the director now directly 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. Insiders have sold 297,655 shares of company stock worth $59,841,304 in the last 90 days. Corporate insiders own 0.57% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $200.00 target price on shares of Texas Instruments in a report on Friday, January 24th. Barclays dropped their price objective on shares of Texas Instruments from $200.00 to $180.00 and set an "equal weight" rating for the company in a report on Friday, January 24th. Rosenblatt Securities reissued a "buy" rating and issued a $250.00 target price on shares of Texas Instruments in a report on Tuesday, January 21st. Truist Financial cut their price objective on Texas Instruments from $199.00 to $195.00 and set a "hold" rating for the company in a research report on Friday, January 24th. Finally, Wells Fargo & Company decreased 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. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $209.20.

Texas Instruments Trading Down 7.9 %

Texas Instruments stock traded down $13.99 during midday trading on Thursday, hitting $164.20. 11,837,023 shares of the stock were exchanged, compared to its average volume of 5,765,287. The stock has a market capitalization of $149.41 billion, a PE ratio of 31.64, a P/E/G ratio of 3.30 and a beta of 0.99. The company has a fifty day simple moving average of $185.47 and a two-hundred day simple moving average of $194.24. 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.

Texas Instruments (NASDAQ:TXN - Get Free Report) last announced its quarterly earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share 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 in the previous year, the business earned $1.49 EPS. Equities research analysts anticipate 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 given 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 of this dividend was Friday, January 31st. Texas Instruments's dividend payout ratio is currently 104.82%.

About Texas Instruments

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.