Clearbridge Investments LLC Buys 132,754 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Clearbridge Investments LLC raised its position in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 12.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,161,171 shares of the semiconductor company's stock after acquiring an additional 132,754 shares during the quarter. Clearbridge Investments LLC owned approximately 0.13% of Texas Instruments worth $217,721,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Promus Capital LLC purchased a new stake in shares of Texas Instruments during the 4th quarter worth approximately $25,000. Financial Life Planners purchased a new stake in shares of Texas Instruments during the fourth quarter worth about $26,000. Retirement Wealth Solutions LLC purchased a new position in shares of Texas Instruments during the 4th quarter worth $27,000. Summit Securities Group LLC purchased a new position in shares of Texas Instruments during the 4th quarter worth about $27,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Texas Instruments in the fourth quarter worth approximately $28,000. Hedge funds and other institutional investors own 84.99% of the company's stock.

Wall Street Analyst Weigh In

TXN has been the subject of a number of research analyst reports. Truist Financial dropped their price objective on Texas Instruments from $199.00 to $195.00 and set a "hold" rating for the company in a report on Friday, January 24th. Barclays reduced their target price on shares of Texas Instruments from $200.00 to $180.00 and set an "equal weight" rating on the stock in a report on Friday, January 24th. Mizuho lowered their price target on Texas Instruments from $200.00 to $190.00 and set a "neutral" rating for the company in a report on Friday, January 24th. Wells Fargo & Company dropped 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. Finally, Benchmark reiterated a "buy" rating and issued a $230.00 price target on shares of Texas Instruments in a research note on Friday, January 24th. Two 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $209.20.

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Insider Buying and Selling at Texas Instruments

In related news, Director Janet F. Clark sold 6,065 shares of the company'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 completion of the transaction, the director now directly owns 10,816 shares in the company, valued at $2,202,353.92. This represents a 35.93 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Mark A. Blinn sold 590 shares of the business's stock in a transaction dated Tuesday, February 4th. The shares were 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 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 over the last 90 days. 0.57% of the stock is currently owned by corporate insiders.

Texas Instruments Price Performance

NASDAQ TXN traded up $0.20 on Wednesday, reaching $178.19. The company's stock had a trading volume of 4,327,245 shares, compared to its average volume of 5,731,373. The stock has a market cap of $162.14 billion, a PE ratio of 34.33, a PEG ratio of 3.30 and a beta of 0.99. Texas Instruments Incorporated has a twelve month low of $159.11 and a twelve month 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. The firm's 50 day moving average is $185.85 and its two-hundred day moving average is $194.36.

Texas Instruments (NASDAQ:TXN - Get Free Report) last announced its earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share (EPS) for the quarter, beating 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 prior year, the company posted $1.49 EPS. As a group, sell-side analysts predict that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Friday, January 31st were issued a dividend of $1.36 per share. The ex-dividend date was Friday, January 31st. This represents a $5.44 annualized dividend and a dividend yield of 3.05%. Texas Instruments's dividend payout ratio is 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.