BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Acquires 22,925 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 15.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 174,842 shares of the semiconductor company's stock after acquiring an additional 22,925 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp's holdings in Texas Instruments were worth $32,785,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of TXN. Ameritas Advisory Services LLC boosted its position in Texas Instruments by 73.7% during the fourth quarter. Ameritas Advisory Services LLC now owns 8,739 shares of the semiconductor company's stock worth $1,639,000 after purchasing an additional 3,707 shares during the period. Annex Advisory Services LLC lifted its stake in shares of Texas Instruments by 1.7% during the 4th quarter. Annex Advisory Services LLC now owns 7,190 shares of the semiconductor company's stock valued at $1,348,000 after buying an additional 123 shares in the last quarter. Diversify Wealth Management LLC boosted its holdings in Texas Instruments by 75.9% in the 4th quarter. Diversify Wealth Management LLC now owns 2,035 shares of the semiconductor company's stock worth $387,000 after buying an additional 878 shares during the period. Diversify Advisory Services LLC grew its stake in Texas Instruments by 20.1% in the 4th quarter. Diversify Advisory Services LLC now owns 4,149 shares of the semiconductor company's stock valued at $789,000 after buying an additional 694 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its stake in Texas Instruments by 0.8% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 9,773 shares of the semiconductor company's stock valued at $1,833,000 after buying an additional 73 shares in the last quarter. Hedge funds and other institutional investors own 84.99% of the company's stock.

Insider Activity

In other Texas Instruments news, Director Janet F. Clark sold 6,065 shares of the 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 completion of the sale, the director now 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Richard K. Templeton sold 97,000 shares of Texas Instruments stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $202.68, for a total value of $19,659,960.00. Following the completion of the sale, the chairman now owns 409,089 shares in the company, valued at approximately $82,914,158.52. This represents a 19.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 200,065 shares of company stock valued at $40,070,845. 0.57% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Barclays cut Texas Instruments from an "equal weight" rating to an "underweight" rating and dropped their price objective for the stock from $180.00 to $125.00 in a report on Tuesday, April 22nd. Wells Fargo & Company decreased their price target on shares of Texas Instruments from $200.00 to $175.00 and set an "equal weight" rating on the stock in a report on Thursday, April 24th. Summit Insights lowered Texas Instruments from a "buy" rating to a "hold" rating in a research note on Thursday, April 24th. Baird R W upgraded Texas Instruments from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 7th. Finally, Argus raised Texas Instruments to a "strong-buy" rating in a report on Friday, April 25th. Four equities 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 issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $189.41.

Texas Instruments Trading Down 2.2%

Texas Instruments stock traded down $3.91 during mid-day trading on Friday, hitting $176.30. The company's stock had a trading volume of 7,416,652 shares, compared to its average volume of 6,309,980. The business has a 50 day moving average price of $167.97 and a 200-day moving average price of $183.87. 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 Incorporated has a 12 month low of $139.95 and a 12 month high of $220.39. The stock has a market cap of $160.16 billion, a price-to-earnings ratio of 33.97, a price-to-earnings-growth ratio of 3.30 and a beta of 0.97.

Texas Instruments (NASDAQ:TXN - Get Free Report) last released 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. The firm had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $3.91 billion. Texas Instruments had a return on equity of 28.08% and a net margin of 30.68%. The company's quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.10 earnings per share. As a group, analysts forecast that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Wednesday, April 30th were given a $1.36 dividend. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $5.44 annualized dividend and a yield of 3.09%. Texas Instruments's payout ratio is currently 103.23%.

Texas Instruments Company 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.