Banco Bilbao Vizcaya Argentaria S.A. lowered its position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 15.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 93,991 shares of the semiconductor company's stock after selling 16,611 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Texas Instruments were worth $17,629,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Norges Bank bought a new position in Texas Instruments in the 4th quarter valued at approximately $2,584,490,000. Assenagon Asset Management S.A. raised its holdings in Texas Instruments by 948.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 4,794,646 shares of the semiconductor company's stock worth $899,044,000 after purchasing an additional 4,337,295 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Texas Instruments by 11.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 21,487,468 shares of the semiconductor company's stock valued at $4,029,115,000 after acquiring an additional 2,237,035 shares during the period. Invesco Ltd. boosted its position in shares of Texas Instruments by 15.4% in the fourth quarter. Invesco Ltd. now owns 11,893,157 shares of the semiconductor company's stock worth $2,230,086,000 after purchasing an additional 1,587,036 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in Texas Instruments during the fourth quarter valued at about $295,665,000. 84.99% of the stock is currently owned by institutional investors.
Texas Instruments Stock Performance
TXN stock traded down $1.63 during trading on Wednesday, reaching $157.78. The company had a trading volume of 1,413,047 shares, compared to its average volume of 6,180,716. The company has a market cap of $143.57 billion, a price-to-earnings ratio of 30.40, a price-to-earnings-growth ratio of 3.30 and a beta of 0.99. Texas Instruments Incorporated has a twelve month low of $139.95 and a twelve month 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 firm has a 50-day simple moving average of $172.66 and a 200-day simple moving average of $187.11.
Texas Instruments (NASDAQ:TXN - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported $1.28 EPS for the quarter, topping the consensus estimate of $1.06 by $0.22. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. The business had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $3.91 billion. During the same period in the previous year, the firm posted $1.10 earnings per share. The business's revenue for the quarter was up 11.1% compared to the same quarter last year. As a group, sell-side analysts expect that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.
Texas Instruments Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 13th. Stockholders of record on Wednesday, April 30th will be paid a $1.36 dividend. This represents a $5.44 annualized dividend and a dividend yield of 3.45%. The ex-dividend date is Wednesday, April 30th. Texas Instruments's payout ratio is 103.23%.
Insider Buying and Selling
In other news, Director Janet F. Clark sold 6,065 shares of the firm's stock in a transaction that occurred on 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 sale, the director now owns 10,816 shares of the company's stock, valued at $2,202,353.92. This trade represents a 35.93 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Richard K. Templeton sold 97,000 shares of the business's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $197.69, for a total transaction of $19,175,930.00. Following the completion of the transaction, the chairman now owns 409,089 shares of the company's stock, valued at approximately $80,872,804.41. This 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 valued at $59,841,304 over the last quarter. 0.57% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast Growth
TXN has been the subject of a number of research reports. Barclays lowered shares of Texas Instruments from an "equal weight" rating to an "underweight" rating and dropped their target price for the stock from $180.00 to $125.00 in a research report on Tuesday, April 22nd. Mizuho set a $170.00 price target on shares of Texas Instruments in a research note on Thursday, April 24th. Robert W. Baird upgraded Texas Instruments from a "neutral" rating to an "outperform" rating and set a $175.00 price target for the company in a research report on Monday, April 7th. Argus upgraded Texas Instruments to a "strong-buy" rating in a research report on Friday, April 25th. Finally, KeyCorp dropped their target price on Texas Instruments from $250.00 to $215.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $189.41.
Read Our Latest Stock Report on Texas Instruments
About Texas Instruments
(
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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