Envestnet Asset Management Inc. Acquires 32,710 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Envestnet Asset Management Inc. lifted its stake in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 2.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,702,461 shares of the semiconductor company's stock after purchasing an additional 32,710 shares during the quarter. Envestnet Asset Management Inc. owned about 0.19% of Texas Instruments worth $319,228,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Perennial Investment Advisors LLC raised its position in shares of Texas Instruments by 63.4% in the 4th quarter. Perennial Investment Advisors LLC now owns 1,734 shares of the semiconductor company's stock worth $325,000 after purchasing an additional 673 shares during the last quarter. Grantham Mayo Van Otterloo & Co. LLC raised its holdings in Texas Instruments by 1.0% in the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 4,289,156 shares of the semiconductor company's stock worth $804,260,000 after buying an additional 43,483 shares during the last quarter. Katamaran Capital LLP purchased a new stake in shares of Texas Instruments during the fourth quarter valued at approximately $869,000. KCM Investment Advisors LLC grew its holdings in shares of Texas Instruments by 4.7% during the fourth quarter. KCM Investment Advisors LLC now owns 3,742 shares of the semiconductor company's stock valued at $702,000 after buying an additional 168 shares during the last quarter. Finally, Resona Asset Management Co. Ltd. bought a new stake in shares of Texas Instruments during the fourth quarter valued at approximately $58,414,000. Institutional investors own 84.99% of the company's stock.

Texas Instruments Price Performance

NASDAQ TXN traded down $8.76 during trading hours on Friday, reaching $147.84. The company's stock had a trading volume of 11,127,668 shares, compared to its average volume of 6,031,881. 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 Incorporated has a 1 year low of $140.12 and a 1 year high of $220.39. The firm's 50-day moving average price is $180.92 and its 200-day moving average price is $191.76. The company has a market capitalization of $134.52 billion, a price-to-earnings ratio of 28.43, a PEG ratio of 3.30 and a beta of 0.99.

Texas Instruments (NASDAQ:TXN - Get Free Report) last issued its earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share for the quarter, topping 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 last year, the business earned $1.49 earnings per share. On average, equities research analysts predict that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The company also recently disclosed 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 3.68%. The ex-dividend date of this dividend was Friday, January 31st. Texas Instruments's payout ratio is 104.82%.

Insider Transactions at Texas Instruments

In other Texas Instruments 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 transaction of $1,234,955.30. Following the completion of the transaction, the director now directly owns 10,816 shares of the company's stock, valued at $2,202,353.92. The trade was a 35.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mark A. Blinn sold 590 shares of the stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $180.71, for a total transaction of $106,618.90. Following the completion of the sale, the director now directly owns 11,717 shares in the company, valued at approximately $2,117,379.07. This represents a 4.79 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 297,655 shares of company stock valued at $59,841,304 in the last ninety days. Corporate insiders own 0.57% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on TXN shares. Wells Fargo & Company decreased their price target on Texas Instruments from $215.00 to $208.00 and set an "equal weight" rating for the company in a research note on Monday, January 13th. 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 research note on Friday, January 24th. Baird R W upgraded shares of Texas Instruments from a "hold" rating to a "strong-buy" rating in a research note on Monday. Barclays lowered their price objective on shares of Texas Instruments from $200.00 to $180.00 and set an "equal weight" rating on the stock in a research report on Friday, January 24th. Finally, Benchmark reaffirmed a "buy" rating and issued a $230.00 target price on shares of Texas Instruments in a research report on Friday, January 24th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Texas Instruments has a consensus rating of "Hold" and a consensus target price of $209.20.

About Texas Instruments

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.