AustralianSuper Pty Ltd Increases Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

AustralianSuper Pty Ltd raised its holdings in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 52.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,756 shares of the semiconductor company's stock after purchasing an additional 3,715 shares during the quarter. AustralianSuper Pty Ltd's holdings in Texas Instruments were worth $2,017,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Asset Planning Inc bought a new stake in shares of Texas Instruments in the 4th quarter worth approximately $117,000. Banque Pictet & Cie SA raised its stake in shares of Texas Instruments by 0.9% in the fourth quarter. Banque Pictet & Cie SA now owns 2,197,676 shares of the semiconductor company's stock valued at $412,086,000 after buying an additional 18,650 shares during the period. V Square Quantitative Management LLC raised its stake in shares of Texas Instruments by 2.5% in the fourth quarter. V Square Quantitative Management LLC now owns 20,857 shares of the semiconductor company's stock valued at $3,911,000 after buying an additional 508 shares during the period. CFC Planning Co LLC purchased a new position in shares of Texas Instruments during the 4th quarter valued at $2,322,000. Finally, First Merchants Corp grew its stake in shares of Texas Instruments by 0.8% during the 4th quarter. First Merchants Corp now owns 39,739 shares of the semiconductor company's stock worth $7,451,000 after acquiring an additional 306 shares during the period. 84.99% of the stock is owned by hedge funds and other institutional investors.

Texas Instruments Price Performance

TXN stock traded up $9.86 during midday trading on Wednesday, reaching $196.32. The company had a trading volume of 8,386,356 shares, compared to its average volume of 6,375,189. The firm has a 50-day moving average price of $187.90 and a 200-day moving average price of $197.23. The company has a market capitalization of $179.09 billion, a P/E ratio of 37.83, a P/E/G ratio of 2.96 and a beta of 0.97. Texas Instruments Incorporated has a 1 year low of $159.11 and a 1 year high of $220.38. 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 (NASDAQ:TXN - Get Free Report) last announced its earnings results 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 net margin of 30.68% and a return on equity of 28.08%. During the same period last year, the firm earned $1.49 earnings per share. On average, research 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 disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Friday, January 31st were issued a dividend of $1.36 per share. The ex-dividend date was Friday, January 31st. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.77%. Texas Instruments's dividend payout ratio is 104.82%.

Insider Buying and Selling

In related news, Director Mark A. Blinn sold 590 shares of Texas Instruments stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $180.71, for a total value of $106,618.90. Following the transaction, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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 sale, the director now owns 14,323 shares of the company's stock, valued at approximately $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 currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on TXN. Truist Financial lowered their price objective on Texas Instruments from $199.00 to $195.00 and set a "hold" rating on the stock in a research note on Friday, January 24th. Morgan Stanley upped their price target on shares of Texas Instruments from $154.00 to $167.00 and gave the company an "underweight" rating in a research note on Wednesday, October 23rd. Robert W. Baird cut their price objective on shares of Texas Instruments from $200.00 to $175.00 and set a "neutral" rating for the company in a report on Wednesday, October 23rd. Mizuho lowered their target price on shares of Texas Instruments from $200.00 to $190.00 and set a "neutral" rating on the stock in a report on Friday, January 24th. Finally, Barclays cut their price target on Texas Instruments from $200.00 to $180.00 and set an "equal weight" rating for the company 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 issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $209.20.

Texas Instruments 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.