UMB Bank n.a. Reduces Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

UMB Bank n.a. lessened its position in shares of Texas Instruments Incorporated (NASDAQ:TXNFree Report) by 3.3% during the 4th quarter, Holdings Channel reports. The firm owned 187,883 shares of the semiconductor company’s stock after selling 6,478 shares during the quarter. UMB Bank n.a.’s holdings in Texas Instruments were worth $32,027,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Norges Bank purchased a new stake in Texas Instruments during the 4th quarter worth approximately $1,548,365,000. Moneta Group Investment Advisors LLC grew its position in Texas Instruments by 60,024.4% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 8,363,303 shares of the semiconductor company’s stock worth $1,381,785,000 after acquiring an additional 8,349,393 shares during the period. Morgan Stanley lifted its stake in Texas Instruments by 54.4% during the fourth quarter. Morgan Stanley now owns 14,735,331 shares of the semiconductor company’s stock worth $2,434,572,000 after purchasing an additional 5,191,426 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Texas Instruments by 13.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 14,638,302 shares of the semiconductor company’s stock worth $2,685,836,000 after purchasing an additional 1,779,273 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its stake in shares of Texas Instruments by 565.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,693,577 shares of the semiconductor company’s stock valued at $288,687,000 after acquiring an additional 1,439,066 shares in the last quarter. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Texas Instruments Stock Down 0.0 %

TXN stock opened at $170.34 on Thursday. The stock has a market capitalization of $155.02 billion, a P/E ratio of 24.13, a PEG ratio of 3.66 and a beta of 1.04. The company has a debt-to-equity ratio of 0.63, a quick ratio of 3.35 and a current ratio of 4.55. Texas Instruments Incorporated has a one year low of $139.48 and a one year high of $188.12. The company has a 50 day moving average price of $166.68 and a two-hundred day moving average price of $161.14.

Texas Instruments (NASDAQ:TXNGet Free Report) last released its earnings results on Monday, January 22nd. The semiconductor company reported $1.49 EPS for the quarter, topping the consensus estimate of $1.46 by $0.03. The firm had revenue of $4.08 billion during the quarter, compared to analysts’ expectations of $4.12 billion. Texas Instruments had a net margin of 37.16% and a return on equity of 39.96%. Texas Instruments’s revenue for the quarter was down 12.7% on a year-over-year basis. During the same period in the previous year, the company earned $2.13 EPS. As a group, sell-side analysts expect that Texas Instruments Incorporated will post 5.16 EPS for the current year.

Texas Instruments Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 13th. Shareholders of record on Wednesday, January 31st were paid a $1.30 dividend. The ex-dividend date of this dividend was Tuesday, January 30th. This represents a $5.20 annualized dividend and a yield of 3.05%. Texas Instruments’s payout ratio is currently 73.65%.

Insiders Place Their Bets

In other news, Director Mark A. Blinn sold 1,744 shares of the business’s stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $159.85, for a total transaction of $278,778.40. Following the completion of the sale, the director now directly owns 11,693 shares of the company’s stock, valued at approximately $1,869,126.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.68% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Susquehanna cut their price target on Texas Instruments from $205.00 to $200.00 and set a “positive” rating on the stock in a research note on Wednesday, January 24th. KeyCorp raised their price target on Texas Instruments from $180.00 to $200.00 and gave the stock an “overweight” rating in a report on Wednesday, January 24th. Mizuho lowered their price target on Texas Instruments from $170.00 to $164.00 and set a “neutral” rating on the stock in a report on Wednesday, January 24th. Rosenblatt Securities reissued a “buy” rating and set a $190.00 price target on shares of Texas Instruments in a report on Tuesday, January 23rd. Finally, TD Cowen raised their price target on Texas Instruments from $145.00 to $160.00 and gave the stock a “market perform” rating in a report on Wednesday, January 24th. 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 company. According to MarketBeat, Texas Instruments currently has an average rating of “Hold” and an average target price of $173.89.

Get Our Latest Stock Report on TXN

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.

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

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