William Blair Investment Management LLC lowered its position in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 29.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 979,075 shares of the semiconductor company's stock after selling 400,384 shares during the period. William Blair Investment Management LLC owned about 0.11% of Texas Instruments worth $183,586,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of TXN. Assenagon Asset Management S.A. lifted its position in 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 valued at $899,044,000 after purchasing an additional 4,337,295 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake 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 valued at $4,029,115,000 after acquiring an additional 2,237,035 shares during the period. Raymond James Financial Inc. bought a new stake in Texas Instruments during the 4th quarter worth approximately $295,665,000. Van ECK Associates Corp lifted its holdings in Texas Instruments by 21.8% during the fourth 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 in the last quarter. Finally, Amundi boosted its position in shares of Texas Instruments by 23.4% in the fourth quarter. Amundi now owns 6,650,490 shares of the semiconductor company's stock worth $1,274,633,000 after purchasing an additional 1,262,365 shares during the period. Hedge funds and other institutional investors own 84.99% of the company's stock.
Insider Buying and Selling
In related news, Director Janet F. Clark sold 6,065 shares of Texas Instruments stock in a transaction on Monday, February 24th. The shares were sold at an average price of $203.62, for a total value 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Richard K. Templeton sold 97,000 shares of the company's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $197.69, for a total transaction of $19,175,930.00. Following the transaction, the chairman now owns 409,089 shares of the company's stock, valued at $80,872,804.41. This represents a 19.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 297,655 shares of company stock worth $59,841,304 in the last three months. Corporate insiders own 0.57% of the company's stock.
Analysts Set New Price Targets
A number of research firms have commented on TXN. Rosenblatt Securities reissued a "buy" rating and set a $250.00 price target on shares of Texas Instruments in a report on Tuesday, January 21st. Wells Fargo & Company lowered 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 report on Monday, January 13th. Benchmark reiterated a "buy" rating and issued a $230.00 price target on shares of Texas Instruments in a report on Friday, January 24th. Mizuho dropped their price objective on shares of Texas Instruments from $200.00 to $190.00 and set a "neutral" rating for the company in a report on Friday, January 24th. Finally, Cantor Fitzgerald reiterated a "neutral" rating and issued a $200.00 target price on shares of Texas Instruments in a research report on Friday, January 24th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $209.20.
View Our Latest Stock Analysis on TXN
Texas Instruments Stock Down 0.9 %
Shares of TXN stock traded down $1.68 during mid-day trading on Friday, hitting $179.00. The stock had a trading volume of 11,789,596 shares, compared to its average volume of 5,352,114. The firm has a market capitalization of $162.88 billion, a P/E ratio of 34.49, a price-to-earnings-growth ratio of 3.30 and a beta of 0.97. 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 $220.39. The firm's 50-day moving average is $187.69 and its two-hundred day moving average is $195.62.
Texas Instruments (NASDAQ:TXN - Get Free Report) last released its quarterly earnings data on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share (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 quarter in the prior year, the firm earned $1.49 EPS. On average, analysts predict that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.
Texas Instruments Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st were paid a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a yield of 3.04%. The ex-dividend date was Friday, January 31st. Texas Instruments's dividend payout ratio (DPR) is presently 104.82%.
About Texas Instruments
(
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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