Treasurer of the State of North Carolina lifted its stake in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 1.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 482,398 shares of the semiconductor company's stock after purchasing an additional 4,651 shares during the quarter. Treasurer of the State of North Carolina owned about 0.05% of Texas Instruments worth $90,454,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Redwood Park Advisors LLC acquired a new position in Texas Instruments in the fourth quarter valued at approximately $315,000. Scotia Capital Inc. lifted its stake in shares of Texas Instruments by 67.7% in the 4th quarter. Scotia Capital Inc. now owns 31,430 shares of the semiconductor company's stock valued at $5,894,000 after purchasing an additional 12,683 shares during the last quarter. Phoenix Financial Ltd. increased its position in shares of Texas Instruments by 24.8% during the 4th quarter. Phoenix Financial Ltd. now owns 7,895 shares of the semiconductor company's stock worth $1,480,000 after purchasing an additional 1,570 shares during the last quarter. F M Investments LLC raised its holdings in Texas Instruments by 32.9% in the 4th quarter. F M Investments LLC now owns 26,236 shares of the semiconductor company's stock valued at $4,919,000 after buying an additional 6,488 shares during the period. Finally, CenterBook Partners LP lifted its position in Texas Instruments by 11.1% in the fourth quarter. CenterBook Partners LP now owns 7,873 shares of the semiconductor company's stock valued at $1,476,000 after buying an additional 784 shares during the last quarter. Hedge funds and other institutional investors own 84.99% of the company's stock.
Texas Instruments Stock Down 0.2 %
Shares of Texas Instruments stock traded down $0.28 during trading hours on Tuesday, hitting $150.70. The company had a trading volume of 2,288,217 shares, compared to its average volume of 6,080,745. 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 twelve month low of $139.95 and a twelve month high of $220.39. The company has a market cap of $137.12 billion, a P/E ratio of 29.04, a price-to-earnings-growth ratio of 3.30 and a beta of 0.99. The company's 50-day moving average is $179.65 and its two-hundred day moving average is $190.83.
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, beating the consensus estimate 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. Analysts anticipate that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.
Texas Instruments Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st were paid a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a yield of 3.61%. The ex-dividend date was Friday, January 31st. Texas Instruments's dividend payout ratio is presently 104.82%.
Insiders Place Their Bets
In other Texas Instruments news, Chairman Richard K. Templeton sold 97,000 shares of Texas Instruments stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $202.72, for a total value 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Janet F. Clark sold 6,065 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $203.62, for a total value of $1,234,955.30. Following the transaction, the director now directly 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. In the last ninety days, insiders sold 297,655 shares of company stock valued at $59,841,304. 0.57% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on the stock. Benchmark reiterated a "buy" rating and set a $230.00 price target on shares of Texas Instruments in a research report on Friday, January 24th. Baird R W upgraded shares of Texas Instruments from a "hold" rating to a "strong-buy" rating in a report on Monday, April 7th. Wells Fargo & Company decreased their price target on Texas Instruments from $215.00 to $208.00 and set an "equal weight" rating on the stock in a research note on Monday, January 13th. Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $200.00 price objective on shares of Texas Instruments in a research note on Friday, January 24th. Finally, Rosenblatt Securities restated a "buy" rating and set a $250.00 target price on shares of Texas Instruments in a report on Tuesday, January 21st. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $208.76.
Get Our Latest Analysis on TXN
Texas Instruments 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.
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