Nuveen Asset Management LLC raised its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 1.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,051,027 shares of the semiconductor company's stock after acquiring an additional 48,247 shares during the period. Nuveen Asset Management LLC owned about 0.44% of Texas Instruments worth $759,608,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. HF Advisory Group LLC boosted its stake in Texas Instruments by 0.6% during the 4th quarter. HF Advisory Group LLC now owns 8,544 shares of the semiconductor company's stock valued at $1,602,000 after purchasing an additional 52 shares in the last quarter. Blossom Wealth Management raised its stake in shares of Texas Instruments by 5.1% in the 4th quarter. Blossom Wealth Management now owns 1,137 shares of the semiconductor company's stock valued at $213,000 after purchasing an additional 55 shares during the period. Gerber Kawasaki Wealth & Investment Management boosted its holdings in shares of Texas Instruments by 1.8% during the fourth quarter. Gerber Kawasaki Wealth & Investment Management now owns 3,187 shares of the semiconductor company's stock worth $598,000 after acquiring an additional 56 shares during the period. OLD Second National Bank of Aurora raised its position in Texas Instruments by 11.1% during the fourth quarter. OLD Second National Bank of Aurora now owns 572 shares of the semiconductor company's stock valued at $107,000 after purchasing an additional 57 shares in the last quarter. Finally, Voya Financial Advisors Inc. raised its position in shares of Texas Instruments by 1.6% in the 4th quarter. Voya Financial Advisors Inc. now owns 3,649 shares of the semiconductor company's stock worth $686,000 after acquiring an additional 58 shares in the last quarter. 84.99% of the stock is currently owned by institutional investors.
Insider Buying and Selling
In other Texas Instruments news, Director Janet F. Clark sold 6,065 shares of the firm's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $203.62, for a total transaction of $1,234,955.30. Following the completion of the transaction, the director now directly owns 10,816 shares of the company's stock, valued at $2,202,353.92. This trade represents a 35.93% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Richard K. Templeton sold 97,000 shares of Texas Instruments stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $202.68, for a total transaction of $19,659,960.00. Following the completion of the transaction, the chairman now directly owns 409,089 shares in the company, valued at $82,914,158.52. This represents a 19.17% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 297,065 shares of company stock valued at $59,734,685 over the last three months. 0.57% of the stock is currently owned by company insiders.
Texas Instruments Price Performance
NASDAQ:TXN traded down $1.29 during trading hours on Monday, hitting $187.21. 1,691,373 shares of the stock traded hands, compared to its average volume of 6,283,984. Texas Instruments Incorporated has a 1 year low of $139.95 and a 1 year high of $220.39. The stock has a 50 day moving average price of $167.29 and a 200 day moving average price of $184.29. The company has a quick ratio of 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76. The company has a market cap of $170.08 billion, a price-to-earnings ratio of 36.06, a price-to-earnings-growth ratio of 3.30 and a beta of 0.97.
Texas Instruments (NASDAQ:TXN - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.22. The company had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $3.91 billion. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. Texas Instruments's quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.10 EPS. Sell-side analysts forecast that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.
Texas Instruments Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, May 13th. Investors of record on Wednesday, April 30th were issued a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a dividend yield of 2.91%. The ex-dividend date was Wednesday, April 30th. Texas Instruments's dividend payout ratio is presently 103.23%.
Wall Street Analyst Weigh In
A number of research analysts have recently commented on the stock. DZ Bank upgraded shares of Texas Instruments from a "sell" rating to a "hold" rating and set a $163.00 price target for the company in a research report on Friday, April 25th. Argus raised shares of Texas Instruments to a "strong-buy" rating in a research note on Friday, April 25th. Baird R W upgraded shares of Texas Instruments from a "hold" rating to a "strong-buy" rating in a report on Monday, April 7th. UBS Group dropped their price objective on shares of Texas Instruments from $225.00 to $215.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Finally, Stifel Nicolaus reduced their target price on shares of Texas Instruments from $200.00 to $160.00 and set a "hold" rating on the stock in a research note on Thursday, April 17th. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Texas Instruments has a consensus rating of "Hold" and an average target price of $189.41.
Check Out Our Latest Analysis on Texas Instruments
Texas Instruments Company 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.
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