Texas Instruments Incorporated (NASDAQ:TXN) Shares Acquired by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ increased its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 130.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 554,903 shares of the semiconductor company's stock after acquiring an additional 314,628 shares during the period. Skandinaviska Enskilda Banken AB publ owned about 0.06% of Texas Instruments worth $104,250,000 as of its most recent filing with the Securities & Exchange Commission.

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

Analysts Set New Price Targets

Several research firms recently issued reports on TXN. Barclays cut their price objective 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. Cantor Fitzgerald reissued a "neutral" rating and issued a $200.00 price objective on shares of Texas Instruments in a research note on Friday, January 24th. Wells Fargo & Company cut their target price on shares of 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. Truist Financial decreased their price target on shares of 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, Rosenblatt Securities reaffirmed a "buy" rating and set a $250.00 price objective on shares of Texas Instruments in a research report on Tuesday, January 21st. Two 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. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $209.20.

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Insider Transactions at Texas Instruments

In related news, Director Mark A. Blinn sold 590 shares of the firm'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 completion of the sale, the director now owns 11,717 shares in the company, valued at $2,117,379.07. This trade 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 available at this link. Also, Chairman Richard K. Templeton sold 97,000 shares of the company's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $202.72, for a total transaction of $19,663,840.00. Following the transaction, the chairman now owns 409,089 shares in the company, valued at $82,930,522.08. The trade was a 19.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 297,655 shares of company stock valued at $59,841,304. Corporate insiders own 0.68% of the company's stock.

Texas Instruments Stock Performance

Shares of TXN stock opened at $175.70 on Thursday. The firm has a market cap of $159.87 billion, a price-to-earnings ratio of 33.85, a PEG ratio of 3.30 and a beta of 0.98. Texas Instruments Incorporated has a 1 year low of $159.11 and a 1 year high of $220.38. The stock's 50-day moving average is $189.16 and its two-hundred day moving average is $196.85. 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 (NASDAQ:TXN - Get Free Report) last posted its quarterly earnings data on Thursday, January 23rd. The semiconductor company reported $1.30 EPS for the quarter, beating 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 in the prior year, the firm posted $1.49 earnings per share. Analysts predict that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st were given a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a yield of 3.10%. The ex-dividend date of this dividend was Friday, January 31st. Texas Instruments's 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.

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