Palisade Asset Management LLC Buys 42,047 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Palisade Asset Management LLC grew its stake in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 348.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 54,115 shares of the semiconductor company's stock after purchasing an additional 42,047 shares during the period. Palisade Asset Management LLC's holdings in Texas Instruments were worth $9,224,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Annapolis Financial Services LLC raised its stake in shares of Texas Instruments by 333.3% in the 3rd quarter. Annapolis Financial Services LLC now owns 156 shares of the semiconductor company's stock valued at $25,000 after buying an additional 120 shares in the last quarter. Briaud Financial Planning Inc bought a new position in Texas Instruments during the third quarter worth about $25,000. Tennessee Valley Asset Management Partners acquired a new stake in Texas Instruments during the fourth quarter valued at approximately $25,000. Life Planning Partners Inc acquired a new position in shares of Texas Instruments in the 4th quarter worth approximately $26,000. Finally, AMH Equity Ltd acquired a new stake in Texas Instruments in the 3rd quarter valued at $32,000. Institutional investors own 84.99% of the company's stock.

Texas Instruments Stock Up 0.7 %

Shares of TXN stock traded up $1.28 during trading hours on Wednesday, hitting $183.95. 4,213,671 shares of the company were exchanged, compared to its average volume of 5,651,623. Texas Instruments Incorporated has a 52 week low of $139.48 and a 52 week high of $188.12. The company has a current ratio of 4.91, a quick ratio of 3.76 and a debt-to-equity ratio of 0.76. The business has a 50 day moving average of $171.38 and a two-hundred day moving average of $163.58. The company has a market capitalization of $167.48 billion, a PE ratio of 28.70, a PEG ratio of 3.81 and a beta of 1.01.

Texas Instruments (NASDAQ:TXN - Get Free Report) last released its earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.07 by $0.13. The firm had revenue of $3.66 billion during the quarter, compared to analysts' expectations of $3.61 billion. Texas Instruments had a return on equity of 35.28% and a net margin of 35.16%. The company's revenue was down 16.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.85 EPS. Analysts anticipate that Texas Instruments Incorporated will post 5.21 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 21st. Stockholders of record on Wednesday, May 8th will be paid a dividend of $1.30 per share. The ex-dividend date of this dividend is Tuesday, May 7th. This represents a $5.20 annualized dividend and a dividend yield of 2.83%. Texas Instruments's dividend payout ratio is currently 81.12%.

Insider Activity

In other news, Chairman Richard K. Templeton sold 104,000 shares of the stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $178.68, for a total transaction of $18,582,720.00. Following the completion of the transaction, the chairman now directly owns 403,851 shares in the company, valued at approximately $72,160,096.68. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, Chairman Richard K. Templeton sold 104,000 shares of the firm's stock in a transaction on Monday, April 29th. The shares were sold at an average price of $178.68, for a total value of $18,582,720.00. Following the completion of the transaction, the chairman now directly owns 403,851 shares of the company's stock, valued at $72,160,096.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Robert E. Sanchez sold 10,539 shares of the stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $174.97, for a total transaction of $1,844,008.83. Following the completion of the sale, the director now owns 20,461 shares of the company's stock, valued at approximately $3,580,061.17. The disclosure for this sale can be found here. Insiders have sold 328,969 shares of company stock worth $58,427,984 over the last ninety days. Insiders own 0.68% of the company's stock.

Analyst Ratings Changes

TXN has been the topic of a number of recent analyst reports. Truist Financial boosted their price target on shares of Texas Instruments from $165.00 to $167.00 and gave the company a "hold" rating in a research report on Wednesday, April 24th. The Goldman Sachs Group increased their price target on Texas Instruments from $137.00 to $157.00 and gave the stock a "sell" rating in a research report on Wednesday, April 24th. Evercore ISI boosted their price objective on Texas Instruments from $213.00 to $225.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 24th. Benchmark restated a "buy" rating and issued a $210.00 target price on shares of Texas Instruments in a research note on Wednesday, April 24th. Finally, Rosenblatt Securities reiterated a "buy" rating and set a $210.00 price target on shares of Texas Instruments in a research report on Wednesday, April 24th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $180.74.

About Texas Instruments

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.