Arvest Investments Inc. Makes New $2.13 Million Investment in Texas Instruments Incorporated (NASDAQ:TXN)

Arvest Investments Inc. purchased a new position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 12,480 shares of the semiconductor company's stock, valued at approximately $2,127,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bollard Group LLC increased its stake in Texas Instruments by 4.6% during the second quarter. Bollard Group LLC now owns 1,377 shares of the semiconductor company's stock worth $248,000 after acquiring an additional 60 shares during the last quarter. Salem Investment Counselors Inc. boosted its position in shares of Texas Instruments by 16.8% in the first quarter. Salem Investment Counselors Inc. now owns 417 shares of the semiconductor company's stock worth $77,000 after buying an additional 60 shares during the period. International Assets Investment Management LLC boosted its position in shares of Texas Instruments by 2.8% in the first quarter. International Assets Investment Management LLC now owns 2,266 shares of the semiconductor company's stock worth $416,000 after buying an additional 61 shares during the period. Polar Capital Holdings Plc boosted its position in shares of Texas Instruments by 0.6% in the first quarter. Polar Capital Holdings Plc now owns 9,822 shares of the semiconductor company's stock worth $1,802,000 after buying an additional 63 shares during the period. Finally, Abacus Planning Group Inc. boosted its position in shares of Texas Instruments by 3.7% in the third quarter. Abacus Planning Group Inc. now owns 1,795 shares of the semiconductor company's stock worth $285,000 after buying an additional 64 shares during the period. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Texas Instruments Price Performance

Shares of NASDAQ:TXN traded down $1.81 during trading on Thursday, reaching $168.53. The stock had a trading volume of 7,490,340 shares, compared to its average volume of 5,596,202. The company has a debt-to-equity ratio of 0.63, a current ratio of 4.55 and a quick ratio of 3.35. The business's 50-day moving average price is $166.70 and its 200 day moving average price is $161.19. Texas Instruments Incorporated has a 52 week low of $139.48 and a 52 week high of $188.12. The stock has a market capitalization of $153.37 billion, a PE ratio of 23.87, a P/E/G ratio of 3.66 and a beta of 1.04.

Texas Instruments (NASDAQ:TXN - Get Free Report) last posted its quarterly earnings data on Monday, January 22nd. The semiconductor company reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.03. The firm had revenue of $4.08 billion during the quarter, compared to analysts' expectations of $4.12 billion. Texas Instruments had a net margin of 37.16% and a return on equity of 39.96%. Texas Instruments's revenue was down 12.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.13 EPS. As a group, equities analysts predict that Texas Instruments Incorporated will post 5.16 earnings per share for the current year.

Texas Instruments Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 13th. Stockholders of record on Wednesday, January 31st were issued a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 3.09%. The ex-dividend date was Tuesday, January 30th. Texas Instruments's dividend payout ratio (DPR) is 73.65%.

Wall Street Analyst Weigh In

TXN has been the subject of a number of analyst reports. UBS Group raised Texas Instruments from a "neutral" rating to a "buy" rating and increased their price target for the company from $170.00 to $195.00 in a report on Friday, January 19th. Morgan Stanley increased their price target on Texas Instruments from $138.00 to $146.00 and gave the company an "underweight" rating in a research note on Wednesday, January 24th. Susquehanna reduced their price objective on Texas Instruments from $205.00 to $200.00 and set a "positive" rating for the company in a research note on Wednesday, January 24th. Rosenblatt Securities reissued a "buy" rating and set a $190.00 price objective on shares of Texas Instruments in a research note on Tuesday, January 23rd. Finally, TD Cowen raised their target price on Texas Instruments from $145.00 to $160.00 and gave the stock a "market perform" rating in a research report on Wednesday, January 24th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $173.89.

Insider Activity

In related news, Director Mark A. Blinn sold 1,744 shares of the company's stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $159.85, for a total value of $278,778.40. Following the completion of the transaction, the director now directly owns 11,693 shares of the company's stock, valued at approximately $1,869,126.05. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.68% of the stock is owned by company insiders.

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.

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