Tower Research Capital LLC TRC Has $18.31 Million Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Tower Research Capital LLC TRC increased its holdings in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 87.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 97,656 shares of the semiconductor company's stock after buying an additional 45,615 shares during the period. Tower Research Capital LLC TRC's holdings in Texas Instruments were worth $18,311,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. Promus Capital LLC bought a new stake in Texas Instruments in the 4th quarter valued at about $25,000. Financial Life Planners acquired a new position in shares of Texas Instruments during the fourth quarter worth approximately $26,000. Retirement Wealth Solutions LLC bought a new position in Texas Instruments in the 4th quarter worth approximately $27,000. Summit Securities Group LLC acquired a new stake in Texas Instruments in the 4th quarter valued at approximately $27,000. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in Texas Instruments during the 4th quarter valued at $28,000. Institutional investors own 84.99% of the company's stock.

Texas Instruments Stock Up 0.7 %

NASDAQ:TXN traded up $1.08 during trading hours on Friday, hitting $163.21. 4,718,628 shares of the stock traded hands, compared to its average volume of 6,188,482. The firm has a 50 day moving average price of $174.68 and a 200 day moving average price of $188.09. The firm has a market cap of $148.51 billion, a price-to-earnings ratio of 31.45, a PEG ratio of 3.30 and a beta of 0.99. Texas Instruments Incorporated has a fifty-two week low of $139.95 and a fifty-two week high of $220.39. The company has a current ratio of 4.12, a quick ratio of 2.88 and a debt-to-equity ratio of 0.76.

Texas Instruments (NASDAQ:TXN - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.22. Texas Instruments had a return on equity of 28.08% and a net margin of 30.68%. The firm had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $3.91 billion. Equities research 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 disclosed a quarterly dividend, which will be paid on Tuesday, May 13th. Shareholders of record on Wednesday, April 30th will be paid a $1.36 dividend. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $5.44 annualized dividend and a yield of 3.33%. Texas Instruments's dividend payout ratio is presently 104.82%.

Insiders Place Their Bets

In related news, Director Janet F. Clark sold 6,065 shares of the firm's stock in a transaction that occurred 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 transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Richard K. Templeton sold 97,000 shares of the business's stock in a transaction that occurred 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 completion of the sale, the chairman now directly 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 a total of 297,655 shares of company stock worth $59,841,304 in the last quarter. 0.57% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently weighed in on TXN. Stifel Nicolaus reduced their price objective on shares of Texas Instruments from $200.00 to $160.00 and set a "hold" rating for the company in a report on Thursday, April 17th. TD Securities reaffirmed a "hold" rating and issued a $160.00 price target on shares of Texas Instruments in a research note on Thursday. Mizuho set a $170.00 price objective on shares of Texas Instruments in a research note on Thursday. Baird R W upgraded Texas Instruments from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 7th. Finally, DZ Bank upgraded Texas Instruments from a "sell" rating to a "hold" rating and set a $163.00 price target on the stock in a research report on Friday. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $189.41.

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.