Texas Instruments Incorporated (NASDAQ:TXN) Holdings Lifted by Meeder Asset Management Inc.

Meeder Asset Management Inc. grew its holdings in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 11.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 246,348 shares of the semiconductor company's stock after buying an additional 25,549 shares during the period. Texas Instruments accounts for about 3.2% of Meeder Asset Management Inc.'s portfolio, making the stock its 7th biggest holding. Meeder Asset Management Inc.'s holdings in Texas Instruments were worth $46,193,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Promus Capital LLC bought a new position in Texas Instruments in the 4th quarter valued at about $25,000. Financial Life Planners acquired a new position in shares of Texas Instruments in the fourth quarter valued at approximately $26,000. Retirement Wealth Solutions LLC acquired a new stake in Texas Instruments during the 4th quarter worth approximately $27,000. Summit Securities Group LLC bought a new position in Texas Instruments during the 4th quarter worth $27,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in shares of Texas Instruments in the fourth quarter valued at about $28,000. 84.99% of the stock is owned by institutional investors and hedge funds.

Texas Instruments Trading Down 5.5 %

Shares of Texas Instruments stock traded down $9.09 on Friday, hitting $155.11. The stock had a trading volume of 5,536,904 shares, compared to its average volume of 5,775,305. 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 Incorporated has a twelve month low of $153.85 and a twelve month high of $220.39. The firm has a market capitalization of $141.13 billion, a P/E ratio of 29.82, a PEG ratio of 3.30 and a beta of 0.99. The stock has a 50 day moving average of $184.75 and a 200 day moving average of $194.03.

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Texas Instruments (NASDAQ:TXN - Get Free Report) last released 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 period last year, the business earned $1.49 EPS. Sell-side analysts expect that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st were issued a dividend of $1.36 per share. The ex-dividend date of this dividend was Friday, January 31st. This represents a $5.44 annualized dividend and a yield of 3.51%. Texas Instruments's payout ratio is 104.82%.

Insider Buying and Selling at Texas Instruments

In related news, Chairman Richard K. Templeton sold 97,000 shares of the firm's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $202.72, for a total transaction of $19,663,840.00. Following the transaction, the chairman now directly owns 409,089 shares of the company's stock, valued at $82,930,522.08. This trade represents a 19.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Janet F. Clark sold 6,065 shares of the business's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $203.62, for a total value of $1,234,955.30. Following the completion of the transaction, the director now owns 10,816 shares in the company, valued at $2,202,353.92. The trade was a 35.93 % 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. Corporate insiders own 0.57% of the company's stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Benchmark reissued a "buy" rating and issued a $230.00 price objective on shares of Texas Instruments in a report on Friday, January 24th. Wells Fargo & Company reduced their price target on Texas Instruments from $215.00 to $208.00 and set an "equal weight" rating on the stock in a research report on Monday, January 13th. Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $200.00 price objective on shares of Texas Instruments in a report on Friday, January 24th. Truist Financial reduced their target price on Texas Instruments from $199.00 to $195.00 and set a "hold" rating on the stock in a report on Friday, January 24th. Finally, Rosenblatt Securities restated a "buy" rating and issued a $250.00 price target on shares of Texas Instruments in a research report on Tuesday, January 21st. 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 presently has a consensus rating of "Hold" and an average price target of $209.20.

Texas Instruments Company Profile

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.