Gabelli Funds LLC Increases Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Gabelli Funds LLC raised its stake in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 2.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 365,305 shares of the semiconductor company's stock after purchasing an additional 8,774 shares during the period. Gabelli Funds LLC's holdings in Texas Instruments were worth $68,498,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Fiduciary Alliance LLC increased its position in shares of Texas Instruments by 25.3% in the fourth quarter. Fiduciary Alliance LLC now owns 36,801 shares of the semiconductor company's stock worth $6,901,000 after purchasing an additional 7,424 shares during the period. Ameritas Advisory Services LLC lifted its holdings in shares of Texas Instruments by 73.7% during the 4th quarter. Ameritas Advisory Services LLC now owns 8,739 shares of the semiconductor company's stock worth $1,639,000 after acquiring an additional 3,707 shares during the period. HB Wealth Management LLC boosted its position in shares of Texas Instruments by 4.4% during the 4th quarter. HB Wealth Management LLC now owns 99,856 shares of the semiconductor company's stock worth $18,724,000 after acquiring an additional 4,238 shares in the last quarter. Hamlin Capital Management LLC raised its position in Texas Instruments by 9.2% during the fourth quarter. Hamlin Capital Management LLC now owns 871,623 shares of the semiconductor company's stock valued at $163,438,000 after purchasing an additional 73,715 shares in the last quarter. Finally, Franklin Resources Inc. lifted its stake in Texas Instruments by 0.8% during the third quarter. Franklin Resources Inc. now owns 7,025,965 shares of the semiconductor company's stock worth $1,466,003,000 after purchasing an additional 55,690 shares during the last quarter. 84.99% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on TXN shares. 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 report on Monday, January 13th. Cantor Fitzgerald reissued a "neutral" rating and set a $200.00 price target on shares of Texas Instruments in a research note on Friday, January 24th. 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 note on Friday, January 24th. Citigroup reduced their target price on shares of Texas Instruments from $235.00 to $210.00 and set a "buy" rating on the stock in a report on Friday, April 11th. Finally, Baird R W upgraded shares of Texas Instruments from a "hold" rating to a "strong-buy" rating in a report on Monday, April 7th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Texas Instruments has a consensus rating of "Hold" and a consensus price target of $206.86.

Insider Activity

In other news, Director Mark A. Blinn sold 590 shares of the company's 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 completion of the sale, the director now 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Richard K. Templeton sold 97,000 shares of the company'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 sale, the chairman now owns 409,089 shares of the company's stock, valued at approximately $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 quarter, insiders have sold 297,655 shares of company stock worth $59,841,304. 0.57% of the stock is currently owned by corporate insiders.

Texas Instruments Stock Performance

TXN traded up $1.79 during trading hours on Friday, hitting $148.34. The stock had a trading volume of 5,690,642 shares, compared to its average volume of 6,138,575. Texas Instruments Incorporated has a 1 year low of $139.95 and a 1 year high of $220.39. The company's fifty day simple moving average is $177.70 and its 200 day simple moving average is $189.85. The stock has a market cap of $134.97 billion, a PE ratio of 28.58, a price-to-earnings-growth ratio of 3.30 and a beta of 0.99. The company has a quick ratio of 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76.

Texas Instruments (NASDAQ:TXN - Get Free Report) last released its quarterly earnings data 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 net margin of 30.68% and a return on equity of 28.08%. During the same period last year, the company earned $1.49 earnings per share. Equities analysts anticipate that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 13th. Stockholders of record on Wednesday, April 30th will be issued a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a dividend yield of 3.67%. Texas Instruments's payout ratio is 104.82%.

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.