Rockland Trust Co. Raises Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Rockland Trust Co. raised its position in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 3.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 119,248 shares of the semiconductor company's stock after acquiring an additional 4,196 shares during the quarter. Rockland Trust Co.'s holdings in Texas Instruments were worth $22,360,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. One Capital Management LLC grew its holdings in Texas Instruments by 47.3% during the second quarter. One Capital Management LLC now owns 3,188 shares of the semiconductor company's stock valued at $620,000 after purchasing an additional 1,024 shares during the period. Citizens Financial Group Inc. RI increased its holdings in Texas Instruments by 25.4% in the 2nd quarter. Citizens Financial Group Inc. RI now owns 37,007 shares of the semiconductor company's stock worth $7,199,000 after acquiring an additional 7,501 shares in the last quarter. Excalibur Management Corp raised its stake in Texas Instruments by 2.7% during the 2nd quarter. Excalibur Management Corp now owns 2,131 shares of the semiconductor company's stock worth $415,000 after acquiring an additional 57 shares during the period. Alpha Financial Partners LLC purchased a new position in Texas Instruments during the second quarter valued at approximately $229,000. Finally, Perennial Investment Advisors LLC bought a new position in shares of Texas Instruments in the second quarter worth approximately $207,000. 84.99% of the stock is owned by hedge funds and other institutional investors.

Texas Instruments Stock Up 2.4 %

Shares of TXN traded up $4.59 during mid-day trading on Wednesday, hitting $198.09. The company's stock had a trading volume of 938,984 shares, compared to its average volume of 4,436,200. The firm has a market capitalization of $180.70 billion, a price-to-earnings ratio of 36.82, a PEG ratio of 4.19 and a beta of 0.98. The company's 50-day moving average is $196.30 and its 200-day moving average is $199.76. The company has a current ratio of 4.31, a quick ratio of 3.14 and a debt-to-equity ratio of 0.74. Texas Instruments Incorporated has a 52-week low of $155.46 and a 52-week high of $220.38.

Texas Instruments (NASDAQ:TXN - Get Free Report) last announced its earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.09. The business had revenue of $4.15 billion for the quarter, compared to analysts' expectations of $4.12 billion. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. The business's revenue for the quarter was down 8.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.80 EPS. On average, equities research analysts forecast that Texas Instruments Incorporated will post 5.08 EPS for the current fiscal year.

Texas Instruments Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st were given a $1.36 dividend. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.75%. This is an increase from Texas Instruments's previous quarterly dividend of $1.30. Texas Instruments's payout ratio is presently 101.12%.

Insider Buying and Selling

In other Texas Instruments news, Director Robert E. Sanchez sold 9,990 shares of the business's stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $208.80, for a total transaction of $2,085,912.00. Following the sale, the director now owns 20,461 shares of the company's stock, valued at approximately $4,272,256.80. The trade was a 32.81 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Ronald Kirk sold 10,539 shares of the company's stock in a transaction that occurred on 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 transaction, the director now owns 14,323 shares in the company, valued at $2,912,295.59. The trade was a 42.39 % decrease in their position. The disclosure for this sale can be found here. 0.68% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on TXN. Benchmark restated a "buy" rating and set a $230.00 target price on shares of Texas Instruments in a research note on Wednesday, October 23rd. Mizuho set a $200.00 price objective on Texas Instruments in a research report on Friday, October 18th. Cantor Fitzgerald reiterated a "neutral" rating and set a $200.00 target price on shares of Texas Instruments in a research report on Wednesday, October 23rd. Bank of America dropped their price target on Texas Instruments from $220.00 to $215.00 and set a "neutral" rating for the company in a research note on Wednesday, October 23rd. Finally, Robert W. Baird reduced their price objective on shares of Texas Instruments from $200.00 to $175.00 and set a "neutral" rating on the stock in a research report on Wednesday, October 23rd. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $209.71.

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.