Grantham Mayo Van Otterloo & Co. LLC Buys 43,483 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Grantham Mayo Van Otterloo & Co. LLC increased 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 filing with the SEC. The fund owned 4,289,156 shares of the semiconductor company's stock after purchasing an additional 43,483 shares during the quarter. Texas Instruments makes up 2.6% of Grantham Mayo Van Otterloo & Co. LLC's investment portfolio, making the stock its 10th largest holding. Grantham Mayo Van Otterloo & Co. LLC owned approximately 0.47% of Texas Instruments worth $804,260,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in the stock. Katamaran Capital LLP acquired a new position in Texas Instruments during the 4th quarter worth $869,000. KCM Investment Advisors LLC lifted its position in shares of Texas Instruments by 4.7% during the 4th quarter. KCM Investment Advisors LLC now owns 3,742 shares of the semiconductor company's stock worth $702,000 after purchasing an additional 168 shares during the last quarter. Resona Asset Management Co. Ltd. bought a new stake in Texas Instruments during the 4th quarter valued at approximately $58,414,000. Smith Moore & CO. boosted its stake in Texas Instruments by 7.2% during the 4th quarter. Smith Moore & CO. now owns 2,016 shares of the semiconductor company's stock valued at $378,000 after purchasing an additional 136 shares during the period. Finally, Landscape Capital Management L.L.C. acquired a new stake in Texas Instruments in the 4th quarter valued at approximately $873,000. Institutional investors own 84.99% of the company's stock.

Analysts Set New Price Targets

TXN has been the subject of several research reports. Barclays reduced their price objective on Texas Instruments from $200.00 to $180.00 and set an "equal weight" rating for the company in a research report on Friday, January 24th. Truist Financial decreased their price target on shares of Texas Instruments from $199.00 to $195.00 and set a "hold" rating on the stock in a research report on Friday, January 24th. Benchmark reaffirmed a "buy" rating and set a $230.00 price objective on shares of Texas Instruments in a research report on Friday, January 24th. Wells Fargo & Company decreased their target price on 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. Finally, Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $200.00 price target on shares of Texas Instruments in a report on Friday, January 24th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $209.20.

Insider Buying and Selling

In other Texas Instruments news, Chairman Richard K. Templeton sold 97,000 shares of the business's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $202.72, for a total transaction of $19,663,840.00. Following the completion of the sale, the chairman now directly 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 SEC, which can be accessed through the SEC website. Also, Director Janet F. Clark sold 6,065 shares of Texas Instruments stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $203.62, for a total transaction 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 represents a 35.93 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 297,655 shares of company stock worth $59,841,304 in the last quarter. Insiders own 0.57% of the company's stock.

Texas Instruments Price Performance

TXN stock traded down $15.80 during midday trading on Thursday, reaching $153.70. 6,213,021 shares of the company's stock traded hands, compared to its average volume of 5,970,441. The company has a 50-day simple moving average of $181.41 and a two-hundred day simple moving average of $192.10. 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 $143.31 and a 1-year high of $220.39. The company has a market cap of $139.86 billion, a price-to-earnings ratio of 29.60, a PEG ratio of 3.30 and a beta of 0.99.

Texas Instruments (NASDAQ:TXN - Get Free Report) last released its quarterly earnings results 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 return on equity of 28.08% and a net margin of 30.68%. During the same period in the previous year, the business earned $1.49 earnings per share. On average, 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 was paid on Tuesday, February 11th. Investors of record on Friday, January 31st were issued a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a dividend yield of 3.54%. The ex-dividend date of this dividend was Friday, January 31st. Texas Instruments's dividend payout ratio is currently 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.