Commerce Bank Raises Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Commerce Bank boosted its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 0.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 487,656 shares of the semiconductor company’s stock after buying an additional 4,520 shares during the quarter. Commerce Bank’s holdings in Texas Instruments were worth $91,440,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Capital International Investors raised its holdings in shares of Texas Instruments by 26.3% in the 4th quarter. Capital International Investors now owns 5,194,675 shares of the semiconductor company’s stock valued at $974,054,000 after buying an additional 1,080,782 shares during the period. Capital International Sarl grew its position in Texas Instruments by 15.6% in the 4th quarter. Capital International Sarl now owns 8,674 shares of the semiconductor company’s stock valued at $1,626,000 after acquiring an additional 1,169 shares in the last quarter. Canada Pension Plan Investment Board increased its stake in Texas Instruments by 271.8% during the fourth quarter. Canada Pension Plan Investment Board now owns 751,405 shares of the semiconductor company’s stock worth $140,896,000 after purchasing an additional 549,308 shares during the period. GKV Capital Management Co. Inc. acquired a new stake in shares of Texas Instruments during the fourth quarter worth about $110,000. Finally, MSH Capital Advisors LLC acquired a new position in shares of Texas Instruments in the fourth quarter valued at approximately $276,000. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, Director Janet F. Clark sold 6,065 shares of Texas Instruments stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $203.62, for a total value of $1,234,955.30. Following the transaction, the director now directly owns 10,816 shares in the company, valued at approximately $2,202,353.92. This trade represents a 35.93 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Richard K. Templeton sold 97,000 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $202.72, for a total value of $19,663,840.00. Following the sale, the chairman now owns 409,089 shares of the company’s stock, valued at $82,930,522.08. This trade represents a 19.17 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 297,655 shares of company stock worth $59,841,304. 0.57% of the stock is owned by company insiders.

Texas Instruments Stock Up 1.2 %

TXN opened at $148.34 on Friday. Texas Instruments Incorporated has a one year low of $139.95 and a one year high of $220.39. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.88 and a current ratio of 4.12. The stock has a market capitalization of $134.97 billion, a P/E ratio of 28.58, a price-to-earnings-growth ratio of 3.30 and a beta of 0.99. The business’s 50-day simple moving average is $177.70 and its 200-day simple moving average is $189.85.

Texas Instruments (NASDAQ:TXN) last released its quarterly 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 return on equity of 28.08% and a net margin of 30.68%. During the same quarter last year, the business earned $1.49 EPS. Analysts anticipate that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 13th. Shareholders of record on Wednesday, April 30th will be given a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a yield of 3.67%. Texas Instruments’s payout ratio is currently 104.82%.

Analyst Ratings Changes

A number of research firms have issued reports on TXN. Robert W. Baird upgraded shares of Texas Instruments from a “neutral” rating to an “outperform” rating and set a $175.00 target price on the stock in a report on Monday, April 7th. UBS Group reduced their price objective on Texas Instruments from $250.00 to $225.00 and set a “buy” rating on the stock in a research note on Monday. Stifel Nicolaus lowered their target price on Texas Instruments from $200.00 to $160.00 and set a “hold” rating for the company in a research note on Thursday. Rosenblatt Securities reaffirmed a “buy” rating and issued a $250.00 price target on shares of Texas Instruments in a research report on Tuesday, January 21st. Finally, Baird R W upgraded Texas Instruments from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 7th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $206.86.

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.