Texas Instruments Incorporated (NASDAQ:TXN) Shares Purchased by Victory Capital Management Inc.

Victory Capital Management Inc. boosted its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 12.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,160,252 shares of the semiconductor company's stock after acquiring an additional 124,625 shares during the period. Victory Capital Management Inc. owned 0.13% of Texas Instruments worth $217,559,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Howard Capital Management Group LLC purchased a new position in shares of Texas Instruments in the 3rd quarter worth $202,000. Robeco Institutional Asset Management B.V. grew its stake in shares of Texas Instruments by 9.8% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 87,400 shares of the semiconductor company's stock worth $18,054,000 after buying an additional 7,831 shares in the last quarter. Hazlett Burt & Watson Inc. grew its stake in shares of Texas Instruments by 20.9% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 388 shares of the semiconductor company's stock worth $80,000 after buying an additional 67 shares in the last quarter. Catalyst Capital Advisors LLC grew its stake in shares of Texas Instruments by 62.3% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 1,423 shares of the semiconductor company's stock worth $294,000 after buying an additional 546 shares in the last quarter. Finally, Pittenger & Anderson Inc. lifted its holdings in shares of Texas Instruments by 0.3% in the 3rd quarter. Pittenger & Anderson Inc. now owns 27,261 shares of the semiconductor company's stock worth $5,631,000 after acquiring an additional 75 shares during the last quarter. 84.99% of the stock is owned by hedge funds and other institutional investors.

Texas Instruments Stock Up 0.4 %

Shares of NASDAQ:TXN traded up $0.73 during trading hours on Wednesday, hitting $195.57. The company's stock had a trading volume of 5,483,347 shares, compared to its average volume of 6,592,863. The firm's fifty day moving average price is $189.69 and its 200 day moving average price is $197.59. 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 52 week low of $159.11 and a 52 week high of $220.38. The company has a market capitalization of $178.03 billion, a price-to-earnings ratio of 37.68, a P/E/G ratio of 3.30 and a beta of 0.97.

Texas Instruments (NASDAQ:TXN - Get Free Report) last issued its quarterly earnings data on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share (EPS) 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 period in the prior year, the company posted $1.49 EPS. As a group, research analysts expect that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st were given a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.78%. The ex-dividend date was Friday, January 31st. Texas Instruments's payout ratio is currently 104.82%.

Insider Transactions at Texas Instruments

In other Texas Instruments news, Director Mark A. Blinn sold 590 shares of Texas Instruments stock in a transaction that occurred 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. The trade was a 4.79 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Chairman Richard K. Templeton sold 97,000 shares of Texas Instruments stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $202.72, for a total transaction 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 297,655 shares of company stock valued at $59,841,304 in the last 90 days. Insiders own 0.68% of the company's stock.

Wall Street Analysts Forecast Growth

TXN has been the subject of several analyst reports. Benchmark restated a "buy" rating and issued a $230.00 target price on shares of Texas Instruments in a report on Friday, January 24th. Barclays lowered their target price on shares of Texas Instruments from $200.00 to $180.00 and set an "equal weight" rating for the company in a report on Friday, January 24th. Mizuho lowered their target price 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. Truist Financial lowered their target price on shares of Texas Instruments from $199.00 to $195.00 and set a "hold" rating for the company in a report on Friday, January 24th. Finally, Rosenblatt Securities reiterated a "buy" rating and set a $250.00 price objective on shares of Texas Instruments in a report on Tuesday, January 21st. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average 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.