NorthRock Partners LLC increased its stake in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 124.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,758 shares of the semiconductor company's stock after purchasing an additional 3,197 shares during the quarter. NorthRock Partners LLC's holdings in Texas Instruments were worth $1,080,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ameritas Advisory Services LLC boosted its stake in Texas Instruments by 73.7% in the 4th 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. HB Wealth Management LLC increased its holdings in shares of Texas Instruments by 4.4% in the 4th quarter. HB Wealth Management LLC now owns 99,856 shares of the semiconductor company's stock valued at $18,724,000 after purchasing an additional 4,238 shares during the period. Hamlin Capital Management LLC lifted its position in Texas Instruments by 9.2% in the 4th quarter. Hamlin Capital Management LLC now owns 871,623 shares of the semiconductor company's stock worth $163,438,000 after buying an additional 73,715 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its position in Texas Instruments by 36.8% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 17,710 shares of the semiconductor company's stock valued at $3,321,000 after purchasing an additional 4,761 shares during the last quarter. Finally, James Hambro & Partners LLP grew its stake in shares of Texas Instruments by 2.8% in the 4th quarter. James Hambro & Partners LLP now owns 555,234 shares of the semiconductor company's stock valued at $104,126,000 after buying an additional 15,165 shares in the last quarter. Institutional investors own 84.99% of the company's stock.
Texas Instruments Trading Up 0.0%
TXN traded up $0.09 during mid-day trading on Tuesday, reaching $188.43. The stock had a trading volume of 1,568,962 shares, compared to its average volume of 6,282,844. The firm's fifty day simple moving average is $167.54 and its two-hundred day simple moving average is $184.17. The stock has a market capitalization of $171.18 billion, a P/E ratio of 36.25, a P/E/G ratio of 3.30 and a beta of 0.97. Texas Instruments Incorporated has a 52 week low of $139.95 and a 52 week high of $220.39. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.88 and a current ratio of 4.12.
Texas Instruments (NASDAQ:TXN - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $3.91 billion. During the same period last year, the firm earned $1.10 earnings per share. The business's revenue for the quarter was up 11.1% on a year-over-year basis. On average, equities analysts predict that Texas Instruments Incorporated will post 5.35 EPS for the current year.
Texas Instruments Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Investors of record on Wednesday, April 30th were paid a dividend of $1.36 per share. The ex-dividend date was Wednesday, April 30th. This represents a $5.44 dividend on an annualized basis and a yield of 2.89%. Texas Instruments's payout ratio is 103.23%.
Insider Buying and Selling at Texas Instruments
In other news, Chairman Richard K. Templeton sold 97,000 shares of the firm's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $202.72, for a total transaction of $19,663,840.00. Following the completion of the transaction, the chairman now directly owns 409,089 shares of the company's stock, valued at $82,930,522.08. This trade represents a 19.17% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Janet F. Clark sold 6,065 shares of the stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $203.62, for a total transaction of $1,234,955.30. Following the transaction, the director now owns 10,816 shares of the company's stock, valued at approximately $2,202,353.92. This represents a 35.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 297,065 shares of company stock valued at $59,734,685. 0.57% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on the stock. Stifel Nicolaus reduced 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. JPMorgan Chase & Co. reduced their price target on Texas Instruments from $230.00 to $195.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Rosenblatt Securities reiterated a "buy" rating and set a $216.00 price target on shares of Texas Instruments in a research note on Thursday, April 24th. Baird R W upgraded shares of Texas Instruments from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 7th. Finally, Citigroup dropped their target price on shares of Texas Instruments from $235.00 to $210.00 and set a "buy" rating on the stock in a report on Friday, April 11th. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $189.41.
Get Our Latest Stock Analysis on Texas Instruments
Texas Instruments Profile
(
Free Report)
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.
Further Reading
Before you consider Texas Instruments, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Texas Instruments wasn't on the list.
While Texas Instruments currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
