Invesco Ltd. Acquires 1,587,036 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Invesco Ltd. boosted its position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 15.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,893,157 shares of the semiconductor company's stock after purchasing an additional 1,587,036 shares during the period. Texas Instruments accounts for approximately 0.4% of Invesco Ltd.'s portfolio, making the stock its 23rd biggest position. Invesco Ltd. owned about 1.30% of Texas Instruments worth $2,230,086,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. HF Advisory Group LLC raised its holdings in Texas Instruments by 0.6% during the fourth quarter. HF Advisory Group LLC now owns 8,544 shares of the semiconductor company's stock valued at $1,602,000 after buying an additional 52 shares in the last quarter. Blossom Wealth Management lifted its holdings in Texas Instruments by 5.1% in the 4th quarter. Blossom Wealth Management now owns 1,137 shares of the semiconductor company's stock worth $213,000 after purchasing an additional 55 shares during the last quarter. OLD Second National Bank of Aurora boosted its position in Texas Instruments by 11.1% during the fourth quarter. OLD Second National Bank of Aurora now owns 572 shares of the semiconductor company's stock worth $107,000 after purchasing an additional 57 shares during the period. Avitas Wealth Management LLC grew its holdings in Texas Instruments by 0.5% during the fourth quarter. Avitas Wealth Management LLC now owns 10,835 shares of the semiconductor company's stock valued at $2,032,000 after purchasing an additional 59 shares during the last quarter. Finally, Augustine Asset Management Inc. raised its position in shares of Texas Instruments by 5.2% in the fourth quarter. Augustine Asset Management Inc. now owns 1,204 shares of the semiconductor company's stock valued at $226,000 after purchasing an additional 60 shares during the period. Hedge funds and other institutional investors own 84.99% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on TXN. Rosenblatt Securities reiterated a "buy" rating and issued a $250.00 target price on shares of Texas Instruments in a research note on Tuesday, January 21st. Mizuho lowered their price target on Texas Instruments from $200.00 to $190.00 and set a "neutral" rating on the stock in a research report on Friday, January 24th. 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. Barclays lowered their target price on Texas Instruments from $200.00 to $180.00 and set an "equal weight" rating on the stock in a report on Friday, January 24th. Finally, Wells Fargo & Company cut their price target on Texas Instruments from $215.00 to $208.00 and set an "equal weight" rating for the company in a report on Monday, January 13th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $207.95.

Insiders Place Their Bets

In other news, Director Mark A. Blinn sold 590 shares of the 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 sale, the director now owns 11,717 shares in the company, valued at approximately $2,117,379.07. This represents a 4.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Richard K. Templeton sold 97,000 shares of Texas Instruments stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $202.72, for a total value of $19,663,840.00. Following the completion of the transaction, the chairman now directly owns 409,089 shares of the company's stock, valued at $82,930,522.08. This represents a 19.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 297,655 shares of company stock valued at $59,841,304. 0.57% of the stock is currently owned by insiders.

Texas Instruments Price Performance

Shares of TXN stock traded down $9.00 during trading hours on Friday, hitting $147.60. The company had a trading volume of 21,101,622 shares, compared to its average volume of 6,075,826. 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 has a market capitalization of $134.30 billion, a price-to-earnings ratio of 28.44, a PEG ratio of 3.30 and a beta of 0.99. Texas Instruments Incorporated has a 12 month low of $139.95 and a 12 month high of $220.39. The firm's fifty day moving average is $180.26 and its 200 day moving average is $191.36.

Texas Instruments (NASDAQ:TXN - Get Free Report) last released its quarterly earnings data 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 quarter last year, the company earned $1.49 earnings per share. On average, sell-side analysts predict that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The company also recently declared 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 of this dividend was Friday, January 31st. This represents a $5.44 dividend on an annualized basis and a yield of 3.69%. Texas Instruments's dividend payout ratio (DPR) 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.