Waverly Advisors LLC Has $2.33 Million Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Waverly Advisors LLC grew its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 27.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,415 shares of the semiconductor company's stock after purchasing an additional 2,645 shares during the period. Waverly Advisors LLC's holdings in Texas Instruments were worth $2,328,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in TXN. James Hambro & Partners LLP grew its position in Texas Instruments by 2.8% in the fourth quarter. James Hambro & Partners LLP now owns 555,234 shares of the semiconductor company's stock worth $104,126,000 after buying an additional 15,165 shares during the last quarter. China Universal Asset Management Co. Ltd. boosted its stake in shares of Texas Instruments by 30.4% during the 4th quarter. China Universal Asset Management Co. Ltd. now owns 19,367 shares of the semiconductor company's stock worth $3,632,000 after acquiring an additional 4,515 shares in the last quarter. Mizuho Securities USA LLC grew its holdings in shares of Texas Instruments by 46.0% in the 4th quarter. Mizuho Securities USA LLC now owns 86,457 shares of the semiconductor company's stock worth $16,212,000 after acquiring an additional 27,251 shares during the last quarter. OFC Financial Planning LLC acquired a new position in shares of Texas Instruments in the 4th quarter worth $338,000. Finally, True North Advisors LLC raised its position in shares of Texas Instruments by 13.8% during the fourth quarter. True North Advisors LLC now owns 11,835 shares of the semiconductor company's stock worth $2,219,000 after purchasing an additional 1,436 shares during the period. Institutional investors and hedge funds own 84.99% of the company's stock.

Insider Activity

In other news, Chairman Richard K. Templeton sold 97,000 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $197.69, for a total value of $19,175,930.00. Following the completion of the sale, the chairman now directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.57% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. UBS Group decreased their price target on Texas Instruments from $225.00 to $215.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Argus raised shares of Texas Instruments to a "strong-buy" rating in a research note on Friday, April 25th. Robert W. Baird raised shares of Texas Instruments from a "neutral" rating to an "outperform" rating and set a $175.00 target price on the stock in a research report on Monday, April 7th. Benchmark cut their price target on shares of Texas Instruments from $230.00 to $200.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Finally, Stifel Nicolaus decreased their price objective on shares of Texas Instruments from $200.00 to $160.00 and set a "hold" rating for the company in a research note on Thursday, April 17th. Four research 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 stock. According to MarketBeat.com, Texas Instruments currently has an average rating of "Hold" and a consensus target price of $189.41.

Texas Instruments Stock Down 2.2%

Shares of TXN traded down $3.91 during mid-day trading on Monday, hitting $176.30. 7,416,652 shares of the company's stock were exchanged, compared to its average volume of 6,317,834. The stock has a market cap of $160.16 billion, a price-to-earnings ratio of 33.97, a P/E/G ratio of 3.30 and a beta of 0.97. The firm has a fifty day moving average of $167.97 and a two-hundred day moving average of $183.41. The company has a quick ratio of 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76. Texas Instruments Incorporated has a twelve month low of $139.95 and a twelve month high of $220.39.

Texas Instruments (NASDAQ:TXN - Get Free Report) last posted its earnings results 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 firm had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $3.91 billion. During the same period in the prior year, the business posted $1.10 earnings per share. The business's quarterly revenue was up 11.1% on a year-over-year basis. On average, sell-side analysts forecast that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Wednesday, April 30th were issued a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a yield of 3.09%. The ex-dividend date was Wednesday, April 30th. Texas Instruments's dividend payout ratio (DPR) is 103.23%.

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.