Texas Instruments Incorporated (NASDAQ:TXN) Shares Bought by Norris Perne & French LLP MI

Norris Perne & French LLP MI grew its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXNFree Report) by 1.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 106,715 shares of the semiconductor company’s stock after purchasing an additional 1,464 shares during the quarter. Norris Perne & French LLP MI’s holdings in Texas Instruments were worth $18,191,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TXN. Vanguard Group Inc. boosted its position in shares of Texas Instruments by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 88,862,201 shares of the semiconductor company’s stock valued at $14,129,979,000 after acquiring an additional 458,853 shares during the last quarter. State Street Corp boosted its position in shares of Texas Instruments by 0.3% during the 2nd quarter. State Street Corp now owns 37,931,129 shares of the semiconductor company’s stock valued at $6,828,362,000 after acquiring an additional 112,156 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Texas Instruments by 4.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 18,893,821 shares of the semiconductor company’s stock valued at $2,986,123,000 after acquiring an additional 839,964 shares during the last quarter. Morgan Stanley raised its holdings in Texas Instruments by 54.4% in the 4th quarter. Morgan Stanley now owns 14,735,331 shares of the semiconductor company’s stock valued at $2,434,572,000 after buying an additional 5,191,426 shares during the period. Finally, Northern Trust Corp raised its holdings in Texas Instruments by 2.9% in the 3rd quarter. Northern Trust Corp now owns 11,095,428 shares of the semiconductor company’s stock valued at $1,764,284,000 after buying an additional 315,302 shares during the period. Institutional investors and hedge funds own 84.99% of the company’s stock.

Wall Street Analysts Forecast Growth

TXN has been the topic of a number of recent research reports. Morgan Stanley boosted their price target on shares of Texas Instruments from $138.00 to $146.00 and gave the stock an “underweight” rating in a research note on Wednesday, January 24th. UBS Group upgraded shares of Texas Instruments from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $170.00 to $195.00 in a research note on Friday, January 19th. Barclays cut their target price on shares of Texas Instruments from $160.00 to $150.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 24th. Cantor Fitzgerald restated a “neutral” rating and set a $170.00 target price on shares of Texas Instruments in a research note on Monday, March 4th. Finally, Truist Financial cut their target price on shares of Texas Instruments from $166.00 to $165.00 and set a “hold” rating on the stock in a research note on Friday, February 9th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $173.89.

Get Our Latest Stock Analysis on TXN

Texas Instruments Trading Down 1.0 %

Shares of TXN stock opened at $171.50 on Tuesday. Texas Instruments Incorporated has a fifty-two week low of $139.48 and a fifty-two week high of $188.12. The stock has a market cap of $156.08 billion, a P/E ratio of 24.53, a P/E/G ratio of 3.75 and a beta of 1.04. The business has a fifty day simple moving average of $166.75 and a 200-day simple moving average of $161.02. The company has a quick ratio of 3.35, a current ratio of 4.55 and a debt-to-equity ratio of 0.63.

Texas Instruments (NASDAQ:TXNGet Free Report) last announced its quarterly earnings results on Monday, January 22nd. The semiconductor company reported $1.49 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $0.03. Texas Instruments had a return on equity of 39.96% and a net margin of 37.16%. The business had revenue of $4.08 billion during the quarter, compared to analysts’ expectations of $4.12 billion. During the same quarter last year, the business posted $2.13 earnings per share. The business’s revenue for the quarter was down 12.7% on a year-over-year basis. On average, analysts forecast that Texas Instruments Incorporated will post 5.16 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 13th. Investors of record on Wednesday, January 31st were paid a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 3.03%. The ex-dividend date was Tuesday, January 30th. Texas Instruments’s payout ratio is currently 73.65%.

Insider Activity at Texas Instruments

In related news, Director Mark A. Blinn sold 1,744 shares of the stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $159.85, for a total transaction of $278,778.40. Following the sale, the director now owns 11,693 shares of the company’s stock, valued at $1,869,126.05. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.68% of the company’s stock.

Texas Instruments Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Texas Instruments (NASDAQ:TXN)

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