Baird Financial Group Inc. Boosts Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Baird Financial Group Inc. grew its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 6.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 403,478 shares of the semiconductor company's stock after acquiring an additional 23,545 shares during the period. Baird Financial Group Inc.'s holdings in Texas Instruments were worth $75,656,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of TXN. Norges Bank bought a new stake in Texas Instruments during the 4th quarter valued at $2,584,490,000. Assenagon Asset Management S.A. lifted its position in shares of Texas Instruments by 948.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 4,794,646 shares of the semiconductor company's stock valued at $899,044,000 after buying an additional 4,337,295 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Texas Instruments by 11.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 21,487,468 shares of the semiconductor company's stock valued at $4,029,115,000 after buying an additional 2,237,035 shares in the last quarter. Invesco Ltd. lifted its position in Texas Instruments by 15.4% during the fourth quarter. Invesco Ltd. now owns 11,893,157 shares of the semiconductor company's stock valued at $2,230,086,000 after acquiring an additional 1,587,036 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Texas Instruments in the fourth quarter valued at approximately $295,665,000. Institutional investors own 84.99% of the company's stock.

Texas Instruments Price Performance

TXN traded up $3.70 during midday trading on Wednesday, hitting $164.79. 5,668,474 shares of the company traded hands, compared to its average volume of 6,209,911. The business has a 50 day simple moving average of $168.32 and a two-hundred day simple moving average of $185.58. Texas Instruments Incorporated has a 52-week low of $139.95 and a 52-week high of $220.39. The company has a market capitalization of $149.71 billion, a price-to-earnings ratio of 31.75, a PEG ratio of 3.30 and a beta of 0.97. The company has a current ratio of 4.12, a quick ratio of 2.88 and a debt-to-equity ratio of 0.76.

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, 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 analyst estimates of $3.91 billion. During the same period last year, the company posted $1.10 EPS. Texas Instruments's quarterly revenue was up 11.1% compared to the same quarter last year. On average, equities analysts forecast that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 13th. Shareholders of record on Wednesday, April 30th will be issued a $1.36 dividend. The ex-dividend date is Wednesday, April 30th. This represents a $5.44 dividend on an annualized basis and a yield of 3.30%. Texas Instruments's payout ratio is currently 103.23%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on TXN shares. Truist Financial dropped their target price on Texas Instruments from $195.00 to $171.00 and set a "hold" rating on the stock in a research note on Thursday, April 24th. Summit Insights downgraded shares of Texas Instruments from a "buy" rating to a "hold" rating in a report on Thursday, April 24th. Benchmark decreased their price objective on shares of Texas Instruments from $230.00 to $200.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Stifel Nicolaus dropped 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 report on Thursday, April 17th. Finally, Wells Fargo & Company decreased their price target on shares of Texas Instruments from $200.00 to $175.00 and set an "equal weight" rating for the company in a report on Thursday, April 24th. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $189.41.

Insiders Place Their Bets

In related news, Director Janet F. Clark sold 6,065 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $203.62, for a total value of $1,234,955.30. Following the completion of the sale, the director now owns 10,816 shares of the company's stock, valued at approximately $2,202,353.92. This trade represents a 35.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Richard K. Templeton sold 97,000 shares of the business's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $202.72, for a total value of $19,663,840.00. Following the transaction, the chairman now directly owns 409,089 shares in the company, valued at $82,930,522.08. This trade represents a 19.17 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 297,065 shares of company stock valued at $59,734,685 in the last 90 days. 0.57% of the stock is owned by insiders.

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.