Ethic Inc. Has $15.21 Million Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Ethic Inc. grew its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 30.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 81,092 shares of the semiconductor company's stock after acquiring an additional 19,055 shares during the quarter. Ethic Inc.'s holdings in Texas Instruments were worth $15,206,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Promus Capital LLC bought a new position in Texas Instruments during the 4th quarter valued at $25,000. Financial Life Planners bought a new position in Texas Instruments during the fourth quarter valued at about $26,000. Retirement Wealth Solutions LLC acquired a new position in Texas Instruments during the fourth quarter worth about $27,000. Summit Securities Group LLC bought a new stake in Texas Instruments in the fourth quarter worth about $27,000. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in Texas Instruments in the fourth quarter worth about $28,000. Institutional investors and hedge funds own 84.99% of the company's stock.

Insider Buying and Selling

In other Texas Instruments news, Director Janet F. Clark sold 6,065 shares of the stock in a transaction 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 transaction, the director now directly owns 10,816 shares of the company's stock, valued at $2,202,353.92. This represents a 35.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman Richard K. Templeton sold 97,000 shares of the business's stock in a transaction dated 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 completion of the sale, the chairman now directly owns 409,089 shares of the company's stock, valued at $82,930,522.08. This represents a 19.17% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 297,065 shares of company stock worth $59,734,685. Insiders own 0.57% of the company's stock.

Texas Instruments Stock Up 4.0%

Texas Instruments stock traded up $6.63 during trading hours on Friday, hitting $172.27. The company had a trading volume of 8,655,053 shares, compared to its average volume of 6,227,548. Texas Instruments Incorporated has a fifty-two week low of $139.95 and a fifty-two week high of $220.39. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.12 and a quick ratio of 2.88. The firm has a market capitalization of $156.50 billion, a P/E ratio of 33.19, a price-to-earnings-growth ratio of 3.30 and a beta of 0.97. The firm's fifty day moving average is $167.29 and its 200-day moving average is $184.96.

Texas Instruments (NASDAQ:TXN - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.22. The business had revenue of $4.07 billion during the quarter, compared to analyst estimates of $3.91 billion. Texas Instruments had a return on equity of 28.08% and a net margin of 30.68%. Texas Instruments's quarterly revenue was up 11.1% compared to the same quarter last year. During the same period last year, the company earned $1.10 earnings per share. On average, research analysts forecast that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 13th. Investors of record on Wednesday, April 30th will be paid a $1.36 dividend. The ex-dividend date is Wednesday, April 30th. This represents a $5.44 annualized dividend and a dividend yield of 3.16%. Texas Instruments's payout ratio is 103.23%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Benchmark lowered their price objective on shares of Texas Instruments from $230.00 to $200.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Summit Insights cut shares of Texas Instruments from a "buy" rating to a "hold" rating in a report on Thursday, April 24th. TD Securities reiterated a "hold" rating and set a $160.00 price objective on shares of Texas Instruments in a research report on Thursday, April 24th. Argus upgraded Texas Instruments to a "strong-buy" rating in a report on Friday, April 25th. Finally, DZ Bank raised Texas Instruments from a "sell" rating to a "hold" rating and set a $163.00 target price on the stock in a research report on Friday, April 25th. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $189.41.

About Texas Instruments

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.