Texas Instruments Incorporated (NASDAQ:TXN) Position Boosted by Greenwood Capital Associates LLC

Greenwood Capital Associates LLC increased its holdings in Texas Instruments Incorporated (NASDAQ:TXNFree Report) by 3.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,773 shares of the semiconductor company’s stock after buying an additional 154 shares during the quarter. Greenwood Capital Associates LLC’s holdings in Texas Instruments were worth $814,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in TXN. Norges Bank bought a new position in Texas Instruments in the 4th quarter worth approximately $1,649,592,000. Morgan Stanley grew its holdings in Texas Instruments by 14.2% in the 3rd quarter. Morgan Stanley now owns 14,154,358 shares of the semiconductor company’s stock worth $2,250,685,000 after buying an additional 1,755,582 shares in the last quarter. California Public Employees Retirement System grew its holdings in Texas Instruments by 33.2% in the 4th quarter. California Public Employees Retirement System now owns 6,035,704 shares of the semiconductor company’s stock worth $1,028,846,000 after buying an additional 1,502,989 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in 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 worth $288,687,000 after purchasing an additional 1,439,066 shares during the period. Finally, Baillie Gifford & Co. lifted its position in Texas Instruments by 338.4% in the fourth quarter. Baillie Gifford & Co. now owns 1,795,191 shares of the semiconductor company’s stock worth $306,008,000 after purchasing an additional 1,385,725 shares during the period. 84.99% of the stock is owned by institutional investors.

Texas Instruments Stock Down 1.2 %

NASDAQ:TXN traded down $2.38 on Friday, hitting $193.90. 3,479,253 shares of the company’s stock traded hands, compared to its average volume of 5,278,203. The company has a market cap of $176.54 billion, a PE ratio of 30.25, a price-to-earnings-growth ratio of 4.20 and a beta of 1.00. Texas Instruments Incorporated has a 1 year low of $139.48 and a 1 year high of $206.00. The company has a current ratio of 4.91, a quick ratio of 3.76 and a debt-to-equity ratio of 0.76. The firm has a 50-day moving average price of $184.81 and a 200-day moving average price of $172.76.

Texas Instruments (NASDAQ:TXNGet Free Report) last posted its quarterly earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 EPS for the quarter, topping the consensus estimate of $1.07 by $0.13. The business had revenue of $3.66 billion during the quarter, compared to analysts’ expectations of $3.61 billion. Texas Instruments had a net margin of 35.16% and a return on equity of 35.28%. The firm’s quarterly revenue was down 16.4% compared to the same quarter last year. During the same period last year, the company posted $1.85 earnings per share. Equities analysts anticipate that Texas Instruments Incorporated will post 5.13 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 21st. Stockholders of record on Wednesday, May 8th were issued a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 2.68%. The ex-dividend date was Tuesday, May 7th. Texas Instruments’s dividend payout ratio is currently 81.12%.

Insider Activity

In other news, Chairman Richard K. Templeton sold 100,440 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $178.47, for a total transaction of $17,925,526.80. Following the transaction, the chairman now directly owns 403,851 shares in the company, valued at approximately $72,075,287.97. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, Chairman Richard K. Templeton sold 100,440 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $178.47, for a total transaction of $17,925,526.80. Following the transaction, the chairman now directly owns 403,851 shares in the company, valued at approximately $72,075,287.97. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Pamela H. Patsley sold 9,990 shares of the business’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $179.12, for a total transaction of $1,789,408.80. Following the transaction, the director now owns 33,348 shares in the company, valued at $5,973,293.76. The disclosure for this sale can be found here. Insiders have sold a total of 328,969 shares of company stock worth $58,427,984 in the last ninety days. Corporate insiders own 0.68% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on TXN. Barclays upped their target price on Texas Instruments from $150.00 to $190.00 and gave the stock an “equal weight” rating in a research report on Monday, May 20th. Mizuho upped their target price on Texas Instruments from $164.00 to $170.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. Robert W. Baird upped their target price on Texas Instruments from $125.00 to $175.00 and gave the stock a “neutral” rating in a research report on Thursday, April 25th. Cantor Fitzgerald upped their target price on Texas Instruments from $180.00 to $210.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 15th. Finally, TD Cowen upped their target price on Texas Instruments from $160.00 to $175.00 and gave the stock a “hold” rating in a research report on Wednesday, April 24th. Four research analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $182.48.

View Our Latest Stock Report on Texas Instruments

Texas Instruments Company 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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