Fiduciary Trust Co boosted its holdings in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 17.5% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 44,270 shares of the semiconductor company's stock after buying an additional 6,608 shares during the period. Fiduciary Trust Co's holdings in Texas Instruments were worth $8,301,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of the business. Douglas Lane & Associates LLC grew its position in shares of Texas Instruments by 6.5% during the fourth quarter. Douglas Lane & Associates LLC now owns 1,947 shares of the semiconductor company's stock valued at $365,000 after purchasing an additional 118 shares in the last quarter. Farmers Trust Co. lifted its holdings in shares of Texas Instruments by 18.0% in the 4th quarter. Farmers Trust Co. now owns 1,718 shares of the semiconductor company's stock valued at $322,000 after acquiring an additional 262 shares during the last quarter. First Hawaiian Bank lifted its holdings in shares of Texas Instruments by 7.5% in the 4th quarter. First Hawaiian Bank now owns 6,782 shares of the semiconductor company's stock valued at $1,272,000 after acquiring an additional 474 shares during the last quarter. Fortitude Family Office LLC lifted its holdings in shares of Texas Instruments by 26.5% in the 4th quarter. Fortitude Family Office LLC now owns 491 shares of the semiconductor company's stock valued at $92,000 after acquiring an additional 103 shares during the last quarter. Finally, Baker Tilly Wealth Management LLC lifted its stake in Texas Instruments by 24.8% in the fourth quarter. Baker Tilly Wealth Management LLC now owns 3,726 shares of the semiconductor company's stock worth $699,000 after purchasing an additional 740 shares during the last quarter. Hedge funds and other institutional investors own 84.99% of the company's stock.
Insiders Place Their Bets
In other Texas Instruments news, Chairman Richard K. Templeton sold 97,000 shares of the company's stock in a transaction dated 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 sale, the chairman now owns 409,089 shares of the company's stock, valued at $82,930,522.08. This represents a 19.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 value of $1,234,955.30. Following the sale, the director now directly owns 10,816 shares in the company, valued at approximately $2,202,353.92. The trade was a 35.93% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 297,065 shares of company stock worth $59,734,685. 0.57% of the stock is owned by corporate insiders.
Analyst Ratings Changes
Several research firms have recently weighed in on TXN. TD Securities reaffirmed a "hold" rating and set a $160.00 price target on shares of Texas Instruments in a research note on Thursday, April 24th. Morgan Stanley reiterated an "underweight" rating and set a $148.00 price objective (up from $146.00) on shares of Texas Instruments in a research note on Thursday, April 24th. DZ Bank upgraded shares of Texas Instruments from a "sell" rating to a "hold" rating and set a $163.00 price objective for the company in a research note on Friday, April 25th. Argus upgraded shares of Texas Instruments to a "strong-buy" rating in a research report on Friday, April 25th. Finally, Robert W. Baird upgraded shares of Texas Instruments from a "neutral" rating to an "outperform" rating and set a $175.00 price objective for the company in a research report on Monday, April 7th. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Texas Instruments has a consensus rating of "Hold" and an average target price of $189.41.
View Our Latest Research Report on Texas Instruments
Texas Instruments Stock Down 0.6%
NASDAQ:TXN traded down $1.19 during midday trading on Wednesday, hitting $187.01. 4,060,639 shares of the company were exchanged, compared to its average volume of 6,283,810. The company has a current ratio of 4.12, a quick ratio of 2.88 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $169.89 billion, a PE ratio of 36.03, a price-to-earnings-growth ratio of 3.30 and a beta of 0.97. 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 fifty day simple moving average of $167.11 and a 200 day simple moving average of $184.84.
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, beating analysts' consensus estimates of $1.06 by $0.22. The company had revenue of $4.07 billion for the quarter, compared to analyst estimates of $3.91 billion. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. Texas Instruments's quarterly revenue was up 11.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.10 earnings per share. As a group, equities analysts anticipate that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.
Texas Instruments Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Stockholders of record on Wednesday, April 30th were issued a $1.36 dividend. This represents a $5.44 annualized dividend and a dividend yield of 2.91%. The ex-dividend date of this dividend was Wednesday, April 30th. Texas Instruments's payout ratio is 103.23%.
Texas Instruments Profile
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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.
Further Reading
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