Texas Instruments Incorporated (NASDAQ:TXN) Position Raised by Invesco Ltd.

Invesco Ltd. increased its position in Texas Instruments Incorporated (NASDAQ:TXN) by 15.4% during the fourth quarter, Holdings Channel reports. The fund owned 11,893,157 shares of the semiconductor company’s stock after purchasing an additional 1,587,036 shares during the quarter. Texas Instruments comprises approximately 0.4% of Invesco Ltd.’s investment portfolio, making the stock its 23rd largest position. Invesco Ltd.’s holdings in Texas Instruments were worth $2,230,086,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of TXN. Howard Capital Management Group LLC acquired a new position in shares of Texas Instruments during the third quarter valued at $202,000. EP Wealth Advisors LLC increased its stake in Texas Instruments by 35.3% during the 3rd quarter. EP Wealth Advisors LLC now owns 29,086 shares of the semiconductor company’s stock valued at $6,008,000 after buying an additional 7,595 shares during the period. Zacks Investment Management raised its position in shares of Texas Instruments by 11.9% during the 3rd quarter. Zacks Investment Management now owns 133,513 shares of the semiconductor company’s stock worth $27,580,000 after buying an additional 14,220 shares in the last quarter. Tenere Capital LLC acquired a new stake in shares of Texas Instruments in the 3rd quarter worth approximately $5,359,000. Finally, Dunhill Financial LLC boosted its holdings in shares of Texas Instruments by 5.6% in the third quarter. Dunhill Financial LLC now owns 1,646 shares of the semiconductor company’s stock valued at $340,000 after acquiring an additional 87 shares in the last quarter. 84.99% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on TXN. Barclays lowered their price target on Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating on the stock in a research report on Friday, January 24th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $250.00 price target on shares of Texas Instruments in a report on Tuesday, January 21st. 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, January 24th. Benchmark reaffirmed a “buy” rating and set a $230.00 target price on shares of Texas Instruments in a research report on Friday, January 24th. Finally, Mizuho decreased their price target on Texas Instruments from $200.00 to $190.00 and set a “neutral” rating for the company in a research report on Friday, January 24th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $209.20.

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, Director Janet F. Clark sold 6,065 shares of the firm’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $203.62, for a total transaction of $1,234,955.30. Following the completion of the transaction, the director now owns 10,816 shares in the company, valued at $2,202,353.92. This trade represents a 35.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Richard K. Templeton sold 97,000 shares of the company’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $202.72, for a total value of $19,663,840.00. Following the completion of the sale, the chairman now owns 409,089 shares in the company, valued at $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 297,655 shares of company stock worth $59,841,304 over the last ninety days. Company insiders own 0.57% of the company’s stock.

Texas Instruments Stock Down 7.8 %

Shares of Texas Instruments stock opened at $151.39 on Monday. The stock has a 50-day simple moving average of $184.06 and a 200-day simple moving average of $193.60. Texas Instruments Incorporated has a 52-week low of $144.22 and a 52-week high of $220.39. The firm has a market cap of $137.75 billion, a price-to-earnings ratio of 29.17, a P/E/G ratio of 3.30 and a beta of 0.99. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.12 and a quick ratio of 2.88.

Texas Instruments (NASDAQ:TXN) last posted its earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 EPS for the quarter, topping the consensus estimate 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 in the prior year, the business earned $1.49 earnings per share. On average, equities research analysts expect that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st were given a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a yield of 3.59%. The ex-dividend date of this dividend was Friday, January 31st. Texas Instruments’s dividend payout ratio is 104.82%.

Texas Instruments 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.