Jennison Associates LLC Has $19.49 Million Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Jennison Associates LLC reduced its position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 6.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 114,352 shares of the semiconductor company's stock after selling 8,090 shares during the period. Jennison Associates LLC's holdings in Texas Instruments were worth $19,492,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Howard Financial Services LTD. increased its position in Texas Instruments by 3.1% during the fourth quarter. Howard Financial Services LTD. now owns 2,177 shares of the semiconductor company's stock worth $371,000 after purchasing an additional 66 shares during the last quarter. Sandy Spring Bank increased its position in Texas Instruments by 3.5% during the fourth quarter. Sandy Spring Bank now owns 1,934 shares of the semiconductor company's stock worth $330,000 after purchasing an additional 66 shares during the last quarter. Harbour Investments Inc. increased its position in shares of Texas Instruments by 2.1% during the third quarter. Harbour Investments Inc. now owns 3,197 shares of the semiconductor company's stock valued at $508,000 after acquiring an additional 67 shares during the last quarter. Pinnacle Financial Partners Inc increased its position in shares of Texas Instruments by 0.5% during the third quarter. Pinnacle Financial Partners Inc now owns 12,470 shares of the semiconductor company's stock valued at $1,983,000 after acquiring an additional 68 shares during the last quarter. Finally, Hartford Financial Management Inc. increased its position in shares of Texas Instruments by 0.4% during the fourth quarter. Hartford Financial Management Inc. now owns 18,044 shares of the semiconductor company's stock valued at $3,076,000 after acquiring an additional 68 shares during the last quarter. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. TD Cowen lifted their price target on shares of Texas Instruments from $160.00 to $175.00 and gave the company a "hold" rating in a research report on Wednesday. Morgan Stanley lifted their price target on shares of Texas Instruments from $138.00 to $146.00 and gave the company an "underweight" rating in a research report on Wednesday, January 24th. Benchmark reiterated a "buy" rating and set a $210.00 price target on shares of Texas Instruments in a research report on Wednesday. Robert W. Baird lifted their price target on shares of Texas Instruments from $125.00 to $175.00 and gave the company a "neutral" rating in a research report on Thursday. Finally, Barclays lowered their price objective on shares of Texas Instruments from $160.00 to $150.00 and set an "equal weight" rating for the company in a research note on Wednesday, January 24th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $180.74.

Insider Transactions at Texas Instruments

In other news, Director Mark A. Blinn sold 1,744 shares of Texas Instruments 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 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.68% of the company's stock.

Texas Instruments Stock Up 1.3 %

Shares of NASDAQ:TXN traded up $2.23 during trading on Friday, hitting $177.48. 5,401,537 shares of the company were exchanged, compared to its average volume of 5,707,532. The stock has a market capitalization of $161.52 billion, a P/E ratio of 27.34, a PEG ratio of 3.77 and a beta of 1.04. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.91 and a quick ratio of 3.35. Texas Instruments Incorporated has a 12-month low of $139.48 and a 12-month high of $188.12. The firm's 50 day moving average price is $168.95 and its 200-day moving average price is $162.08.

Texas Instruments (NASDAQ:TXN - Get Free Report) last issued its quarterly earnings data on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.13. The business had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.61 billion. Texas Instruments had a net margin of 35.16% and a return on equity of 35.28%. The company's revenue was down 16.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.85 EPS. On average, research analysts predict that Texas Instruments Incorporated will post 5.16 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 21st. Stockholders of record on Wednesday, May 8th will be given a dividend of $1.30 per share. The ex-dividend date is Tuesday, May 7th. This represents a $5.20 annualized dividend and a dividend yield of 2.93%. Texas Instruments's dividend payout ratio is presently 81.12%.

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.