Union Bancaire Privee UBP SA Buys New Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Union Bancaire Privee UBP SA acquired a new stake in Texas Instruments Incorporated (NASDAQ:TXN) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 35,051 shares of the semiconductor company’s stock, valued at approximately $6,544,000.

A number of other hedge funds and other institutional investors have also modified their holdings of TXN. Apexium Financial LP increased its holdings in Texas Instruments by 18.0% in the fourth quarter. Apexium Financial LP now owns 3,936 shares of the semiconductor company’s stock valued at $738,000 after buying an additional 600 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of Texas Instruments by 35.4% in the 4th quarter. Blue Trust Inc. now owns 23,860 shares of the semiconductor company’s stock valued at $4,929,000 after acquiring an additional 6,234 shares during the last quarter. PFG Investments LLC raised its position in shares of Texas Instruments by 5.1% during the 4th quarter. PFG Investments LLC now owns 5,595 shares of the semiconductor company’s stock worth $1,049,000 after acquiring an additional 273 shares in the last quarter. Strategic Investment Advisors MI lifted its stake in Texas Instruments by 2.2% during the fourth quarter. Strategic Investment Advisors MI now owns 4,839 shares of the semiconductor company’s stock worth $907,000 after purchasing an additional 102 shares during the last quarter. Finally, Drive Wealth Management LLC boosted its holdings in Texas Instruments by 5.7% in the fourth quarter. Drive Wealth Management LLC now owns 1,353 shares of the semiconductor company’s stock valued at $254,000 after purchasing an additional 73 shares in the last quarter. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Texas Instruments

In other news, Director Ronald Kirk sold 10,539 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $203.33, for a total transaction of $2,142,894.87. Following the completion of the sale, the director now owns 14,323 shares of the company’s stock, valued at approximately $2,912,295.59. This trade represents a 42.39 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.68% of the company’s stock.

Texas Instruments Stock Down 7.5 %

Shares of NASDAQ:TXN opened at $185.52 on Monday. The company has a market capitalization of $169.24 billion, a P/E ratio of 34.48, a P/E/G ratio of 3.84 and a beta of 0.98. The stock’s fifty day simple moving average is $193.38 and its 200-day simple moving average is $199.46. Texas Instruments Incorporated has a 52-week low of $155.46 and a 52-week high of $220.38. The company has a quick ratio of 3.14, a current ratio of 4.31 and a debt-to-equity ratio of 0.74.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.10. Texas Instruments had a net margin of 31.60% and a return on equity of 29.05%. During the same period last year, the firm earned $1.49 earnings per share. As a group, equities research analysts forecast that Texas Instruments Incorporated will post 5.08 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st will be paid a dividend of $1.36 per share. The ex-dividend date of this dividend is Friday, January 31st. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.93%. Texas Instruments’s dividend payout ratio is currently 101.12%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on TXN shares. Summit Insights upgraded shares of Texas Instruments from a “hold” rating to a “buy” rating in a research report on Wednesday, October 23rd. Barclays lowered their price objective on shares of Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating on the stock in a research report on Friday. Benchmark reaffirmed a “buy” rating and issued a $230.00 target price on shares of Texas Instruments in a report on Friday. Mizuho lowered their price target on Texas Instruments from $200.00 to $190.00 and set a “neutral” rating on the stock in a report on Friday. Finally, Truist Financial reduced their price objective on Texas Instruments from $199.00 to $195.00 and set a “hold” rating for the company in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, Texas Instruments presently has a consensus rating of “Hold” and a consensus price target of $209.20.

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.