Arizona State Retirement System raised its holdings in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 1.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 264,608 shares of the semiconductor company's stock after purchasing an additional 3,764 shares during the period. Arizona State Retirement System's holdings in Texas Instruments were worth $49,617,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in TXN. Assenagon Asset Management S.A. increased its stake in shares of Texas Instruments by 948.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 4,794,646 shares of the semiconductor company's stock worth $899,044,000 after purchasing an additional 4,337,295 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Texas Instruments by 11.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 21,487,468 shares of the semiconductor company's stock worth $4,029,115,000 after acquiring an additional 2,237,035 shares during the period. Van ECK Associates Corp boosted its holdings in Texas Instruments by 21.8% in the 4th quarter. Van ECK Associates Corp now owns 7,513,870 shares of the semiconductor company's stock valued at $1,408,925,000 after purchasing an additional 1,345,629 shares during the last quarter. Proficio Capital Partners LLC grew its position in Texas Instruments by 31,596.0% in the fourth quarter. Proficio Capital Partners LLC now owns 718,865 shares of the semiconductor company's stock worth $134,794,000 after acquiring an additional 716,597 shares during the period. Finally, Geode Capital Management LLC grew its holdings in shares of Texas Instruments by 2.3% during the 3rd quarter. Geode Capital Management LLC now owns 21,286,790 shares of the semiconductor company's stock worth $4,382,936,000 after purchasing an additional 487,892 shares during the period. 84.99% of the stock is currently owned by hedge funds and other institutional investors.
Texas Instruments Stock Up 0.2 %
TXN opened at $194.84 on Wednesday. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.12 and a quick ratio of 2.88. Texas Instruments Incorporated has a 12 month low of $159.11 and a 12 month high of $220.38. The stock has a market capitalization of $177.37 billion, a P/E ratio of 37.54, a P/E/G ratio of 3.30 and a beta of 0.97. The business has a 50 day simple moving average of $189.62 and a 200-day simple moving average of $197.60.
Texas Instruments (NASDAQ:TXN - Get Free Report) last released its earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 EPS for the quarter, beating analysts' consensus estimates 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 period in the prior year, the company earned $1.49 earnings per share. On average, equities analysts anticipate that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.
Texas Instruments Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st were paid a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a dividend yield of 2.79%. The ex-dividend date of this dividend was Friday, January 31st. Texas Instruments's dividend payout ratio (DPR) is 104.82%.
Analyst Upgrades and Downgrades
Several analysts recently weighed in on the stock. Barclays dropped 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 report on Friday, January 24th. Cantor Fitzgerald reiterated a "neutral" rating and issued a $200.00 target price on shares of Texas Instruments in a report on Friday, January 24th. Rosenblatt Securities reiterated a "buy" rating and issued a $250.00 price objective on shares of Texas Instruments in a research note on Tuesday, January 21st. Mizuho lowered their price objective on Texas Instruments from $200.00 to $190.00 and set a "neutral" rating for the company in a research report on Friday, January 24th. Finally, Benchmark reaffirmed a "buy" rating and issued a $230.00 target price on shares of Texas Instruments in a report on Friday, January 24th. 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.com, Texas Instruments currently has an average rating of "Hold" and a consensus price target of $209.20.
Read Our Latest Stock Analysis on TXN
Insider Transactions at Texas Instruments
In related news, 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 completion of the transaction, the director now owns 11,717 shares of the company's stock, valued at approximately $2,117,379.07. The trade was a 4.79 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Janet F. Clark sold 6,065 shares of Texas Instruments stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $203.62, for a total transaction of $1,234,955.30. Following the sale, the director now owns 10,816 shares of the company's stock, valued at approximately $2,202,353.92. This trade represents a 35.93 % 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 valued at $59,841,304 in the last quarter. 0.68% of the stock is currently owned by corporate insiders.
Texas Instruments Profile
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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.
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