Winslow Capital Management LLC Purchases 528,307 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Winslow Capital Management LLC lifted its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 39.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,874,366 shares of the semiconductor company's stock after buying an additional 528,307 shares during the period. Texas Instruments comprises about 1.2% of Winslow Capital Management LLC's holdings, making the stock its 29th largest position. Winslow Capital Management LLC owned approximately 0.21% of Texas Instruments worth $351,462,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Promus Capital LLC purchased a new stake in Texas Instruments in the 4th quarter worth about $25,000. Financial Life Planners bought a new position in shares of Texas Instruments during the 4th quarter valued at about $26,000. Retirement Wealth Solutions LLC bought a new position in shares of Texas Instruments during the 4th quarter valued at $27,000. Summit Securities Group LLC bought a new position in Texas Instruments during the 4th quarter worth approximately $27,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new position in Texas Instruments in the 4th quarter worth approximately $28,000. Hedge funds and other institutional investors own 84.99% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Cantor Fitzgerald restated a "neutral" rating and issued a $200.00 target price on shares of Texas Instruments in a report on Friday, January 24th. Robert W. Baird upgraded shares of Texas Instruments from a "neutral" rating to an "outperform" rating and set a $175.00 price objective on the stock in a research report on Monday, April 7th. Barclays dropped 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. Baird R W raised Texas Instruments from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 7th. Finally, Truist Financial dropped their target price on shares of Texas Instruments from $199.00 to $195.00 and set a "hold" rating for the company in a research report on Friday, January 24th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $207.95.

Texas Instruments Stock Up 1.6 %

Shares of TXN stock traded up $2.34 during mid-day trading on Monday, hitting $149.94. The company's stock had a trading volume of 4,148,634 shares, compared to its average volume of 6,071,879. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.88 and a current ratio of 4.12. Texas Instruments Incorporated has a 52-week low of $139.95 and a 52-week high of $220.39. The stock has a market cap of $136.43 billion, a price-to-earnings ratio of 28.89, a PEG ratio of 3.30 and a beta of 0.99. The business has a 50-day moving average price of $180.26 and a 200 day moving average price of $191.24.

Texas Instruments (NASDAQ:TXN - Get Free Report) last announced its quarterly earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 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 last year, the firm earned $1.49 earnings per share. 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 announced a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st were issued a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a yield of 3.63%. The ex-dividend date was Friday, January 31st. Texas Instruments's dividend payout ratio is 104.82%.

Insider Buying and Selling at Texas Instruments

In related news, Director Mark A. Blinn sold 590 shares of the business's stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $180.71, for a total transaction of $106,618.90. Following the completion of the transaction, 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 can be accessed through this link. Also, Chairman Richard K. Templeton sold 97,000 shares of the stock in a transaction on 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. This trade 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 three months. 0.57% of the stock is currently owned by company insiders.

Texas Instruments Company 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.