Texas Instruments Incorporated (NASDAQ:TXN) Shares Acquired by Sei Investments Co.

Sei Investments Co. raised its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 7.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 703,573 shares of the semiconductor company's stock after purchasing an additional 46,506 shares during the period. Sei Investments Co. owned 0.08% of Texas Instruments worth $131,932,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Promus Capital LLC bought a new stake in Texas Instruments in the fourth quarter valued at $25,000. Financial Life Planners bought a new position in Texas Instruments during the 4th quarter valued at $26,000. Retirement Wealth Solutions LLC purchased a new position in Texas Instruments during the fourth quarter worth about $27,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Texas Instruments in the 4th quarter worth approximately $28,000. Finally, Atala Financial Inc bought a new position in Texas Instruments in the 4th quarter valued at $37,000. 84.99% of the stock is owned by institutional investors.

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, Chairman Richard K. Templeton sold 97,000 shares of the stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $197.69, for a total value of $19,175,930.00. Following the transaction, the chairman now directly owns 409,089 shares in the company, valued at $80,872,804.41. This represents a 19.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Mark A. Blinn sold 590 shares of the firm's stock in a transaction that occurred 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 transaction, the director now owns 11,717 shares in the company, valued at $2,117,379.07. This represents a 4.79 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 297,655 shares of company stock valued at $59,841,304. Company insiders own 0.57% of the company's stock.

Remove Ads

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Mizuho decreased 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 note on Friday, January 24th. Benchmark reaffirmed a "buy" rating and set a $230.00 price objective on shares of Texas Instruments in a report on Friday, January 24th. Wells Fargo & Company reduced their price objective on 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 lowered their price target 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. Finally, Cantor Fitzgerald reiterated a "neutral" rating and issued a $200.00 price objective on shares of Texas Instruments in a report on Friday, January 24th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $209.20.

Texas Instruments Trading Up 0.3 %

NASDAQ TXN traded up $0.52 during trading on Wednesday, hitting $184.49. The stock had a trading volume of 5,813,052 shares, compared to its average volume of 5,361,260. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.88 and a current ratio of 4.12. The stock has a 50 day simple moving average of $187.16 and a 200 day simple moving average of $195.06. Texas Instruments Incorporated has a one year low of $159.11 and a one year high of $220.39. The stock has a market capitalization of $167.87 billion, a price-to-earnings ratio of 35.55, a P/E/G ratio of 3.30 and a beta of 0.98.

Texas Instruments (NASDAQ:TXN - Get Free Report) last issued its 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 net margin of 30.68% and a return on equity of 28.08%. During the same quarter in the previous year, the business posted $1.49 EPS. Sell-side analysts predict that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st were given a $1.36 dividend. The ex-dividend date was Friday, January 31st. This represents a $5.44 annualized dividend and a yield of 2.95%. Texas Instruments's dividend payout ratio is presently 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.