WCM Investment Management LLC lifted its position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 150.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,147 shares of the semiconductor company's stock after purchasing an additional 16,311 shares during the period. WCM Investment Management LLC's holdings in Texas Instruments were worth $5,103,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in the company. LVW Advisors LLC increased its stake in shares of Texas Instruments by 10.9% in the third quarter. LVW Advisors LLC now owns 1,340 shares of the semiconductor company's stock worth $277,000 after buying an additional 132 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt increased its stake in shares of Texas Instruments by 58.2% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 6,926 shares of the semiconductor company's stock worth $1,431,000 after buying an additional 2,548 shares during the last quarter. Valeo Financial Advisors LLC increased its stake in shares of Texas Instruments by 1.4% in the third quarter. Valeo Financial Advisors LLC now owns 10,109 shares of the semiconductor company's stock worth $2,088,000 after buying an additional 139 shares during the last quarter. Ritholtz Wealth Management increased its stake in shares of Texas Instruments by 15.2% in the third quarter. Ritholtz Wealth Management now owns 8,381 shares of the semiconductor company's stock worth $1,731,000 after buying an additional 1,107 shares during the last quarter. Finally, Annex Advisory Services LLC increased its stake in shares of Texas Instruments by 2.4% in the third quarter. Annex Advisory Services LLC now owns 7,067 shares of the semiconductor company's stock worth $1,460,000 after buying an additional 163 shares during the last quarter. 84.99% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling at Texas Instruments
In other Texas Instruments news, Director Mark A. Blinn sold 590 shares of the company'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 directly owns 11,717 shares of the company's stock, valued at approximately $2,117,379.07. This represents a 4.79 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ronald Kirk sold 10,539 shares of the company's stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $203.33, for a total transaction of $2,142,894.87. Following the completion of the sale, the director now directly owns 14,323 shares of the company's stock, valued at $2,912,295.59. The trade was a 42.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.68% of the stock is owned by corporate insiders.
Analyst Ratings Changes
A number of analysts recently issued reports on the stock. Morgan Stanley lifted their price target on shares of Texas Instruments from $154.00 to $167.00 and gave the stock an "underweight" rating in a research note on Wednesday, October 23rd. Benchmark reiterated a "buy" rating and set a $230.00 target price on shares of Texas Instruments in a research note on Friday, January 24th. Barclays lowered their target price on shares of Texas Instruments from $200.00 to $180.00 and set an "equal weight" rating for the company in a research note on Friday, January 24th. Truist Financial lowered their target price on shares of Texas Instruments from $199.00 to $195.00 and set a "hold" rating for the company in a research note on Friday, January 24th. Finally, Cantor Fitzgerald reiterated a "neutral" rating and set a $200.00 target price on shares of Texas Instruments in a research note on Friday, January 24th. Two 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 data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $209.20.
View Our Latest Stock Report on Texas Instruments
Texas Instruments Price Performance
TXN stock traded up $0.81 during trading on Thursday, hitting $180.80. The company had a trading volume of 3,736,721 shares, compared to its average volume of 6,443,485. The firm has a market capitalization of $164.93 billion, a price-to-earnings ratio of 34.84, a P/E/G ratio of 2.95 and a beta of 0.97. The business has a 50 day moving average of $188.63 and a 200 day moving average of $197.63. Texas Instruments Incorporated has a fifty-two week low of $156.57 and a fifty-two week high of $220.38. The company has a current ratio of 4.12, a quick ratio of 2.88 and a debt-to-equity ratio of 0.76.
Texas Instruments (NASDAQ:TXN - Get Free Report) last posted its quarterly earnings data on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share 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 period in the prior year, the company earned $1.49 earnings per share. As a group, research analysts predict that Texas Instruments Incorporated will post 5.38 earnings per share for the current year.
Texas Instruments Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Friday, January 31st were issued a $1.36 dividend. This represents a $5.44 annualized dividend and a yield of 3.01%. The ex-dividend date was Friday, January 31st. Texas Instruments's payout ratio is currently 104.82%.
Texas Instruments Company Profile
(
Free Report)
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.
Featured Stories
Before you consider Texas Instruments, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Texas Instruments wasn't on the list.
While Texas Instruments currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
