ProShare Advisors LLC Acquires 196,396 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

ProShare Advisors LLC increased its position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 16.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,374,038 shares of the semiconductor company's stock after acquiring an additional 196,396 shares during the quarter. Texas Instruments makes up about 0.6% of ProShare Advisors LLC's portfolio, making the stock its 24th biggest holding. ProShare Advisors LLC owned approximately 0.15% of Texas Instruments worth $257,646,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of TXN. Promus Capital LLC purchased a new stake in shares of Texas Instruments during the 4th quarter valued at approximately $25,000. Financial Life Planners purchased a new stake in Texas Instruments in the fourth quarter valued at $26,000. Retirement Wealth Solutions LLC acquired a new position in shares of Texas Instruments in the 4th quarter valued at $27,000. Summit Securities Group LLC acquired a new stake in shares of Texas Instruments during the 4th quarter worth about $27,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new position in Texas Instruments during the fourth quarter worth about $28,000. Hedge funds and other institutional investors own 84.99% of the company's stock.

Wall Street Analyst Weigh In

TXN has been the topic of several recent analyst reports. Robert W. Baird upgraded shares of Texas Instruments from a "neutral" rating to an "outperform" rating and set a $175.00 price objective on the stock in a report on Monday, April 7th. JPMorgan Chase & Co. reduced their price target on Texas Instruments from $230.00 to $195.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Wells Fargo & Company dropped their price objective on Texas Instruments from $200.00 to $175.00 and set an "equal weight" rating on the stock in a report on Thursday, April 24th. Seaport Res Ptn raised Texas Instruments to a "strong sell" rating in a research report on Wednesday, April 30th. Finally, KeyCorp lowered their price objective on shares of Texas Instruments from $250.00 to $215.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Texas Instruments currently has an average rating of "Hold" and an average target price of $189.41.

Insider Activity

In related news, Director Janet F. Clark sold 6,065 shares of the company'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 sale, the director now directly owns 10,816 shares of the company's stock, valued at approximately $2,202,353.92. This represents a 35.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Richard K. Templeton sold 97,000 shares of the firm's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $202.72, for a total transaction of $19,663,840.00. Following the completion of the sale, the chairman now owns 409,089 shares in the company, valued at $82,930,522.08. This represents a 19.17% decrease in their ownership of the stock. 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. Insiders own 0.57% of the company's stock.

Texas Instruments Stock Up 0.1%

Shares of TXN traded up $0.23 during trading on Tuesday, reaching $188.57. The company's stock had a trading volume of 1,760,939 shares, compared to its average volume of 6,283,532. 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 fifty day moving average of $167.54 and a two-hundred day moving average of $184.17. Texas Instruments Incorporated has a twelve month low of $139.95 and a twelve month high of $220.39. The company has a market cap of $171.31 billion, a price-to-earnings ratio of 36.35, a P/E/G ratio of 3.30 and a beta of 0.97.

Texas Instruments (NASDAQ:TXN - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.22. The business had revenue of $4.07 billion for the quarter, compared to analyst estimates of $3.91 billion. Texas Instruments had a return on equity of 28.08% and a net margin of 30.68%. The business's revenue was up 11.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.10 EPS. On average, sell-side analysts predict that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 13th. Stockholders of record on Wednesday, April 30th were given 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 dividend yield of 2.88%. Texas Instruments's dividend payout ratio (DPR) is presently 103.23%.

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.