Northern Trust Corp Acquires 1,132,187 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Northern Trust Corp grew its position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 12.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,398,010 shares of the semiconductor company's stock after acquiring an additional 1,132,187 shares during the period. Northern Trust Corp owned about 1.14% of Texas Instruments worth $1,949,731,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Howard Capital Management Group LLC purchased a new position in shares of Texas Instruments in the third quarter worth approximately $202,000. Invst LLC bought a new position in shares of Texas Instruments during the 3rd quarter valued at approximately $209,000. Anchor Investment Management LLC grew its stake in shares of Texas Instruments by 25.7% during the third quarter. Anchor Investment Management LLC now owns 11,633 shares of the semiconductor company's stock valued at $2,403,000 after buying an additional 2,378 shares during the last quarter. Pine Valley Investments Ltd Liability Co lifted its holdings in Texas Instruments by 1.1% during the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 18,599 shares of the semiconductor company's stock valued at $3,842,000 after buying an additional 197 shares in the last quarter. Finally, World Investment Advisors LLC lifted its holdings in shares of Texas Instruments by 156.4% in the 3rd quarter. World Investment Advisors LLC now owns 6,993 shares of the semiconductor company's stock worth $1,444,000 after buying an additional 4,266 shares during the period. 84.99% of the stock is owned by hedge funds and other institutional investors.

Texas Instruments Stock Performance

Shares of Texas Instruments stock traded down $0.72 on Wednesday, hitting $160.05. The stock had a trading volume of 5,953,048 shares, compared to its average volume of 6,198,149. 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 stock has a market cap of $145.63 billion, a price-to-earnings ratio of 30.84, a price-to-earnings-growth ratio of 3.30 and a beta of 0.99. Texas Instruments Incorporated has a twelve month low of $139.95 and a twelve month high of $220.39. The business's 50 day moving average is $171.83 and its two-hundred day moving average is $186.92.

Texas Instruments (NASDAQ:TXN - Get Free Report) last issued 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. The business had revenue of $4.07 billion during the quarter, compared to analyst estimates of $3.91 billion. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. The firm's quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter last year, the business earned $1.10 EPS. Analysts forecast 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 will be paid on Tuesday, May 13th. Stockholders of record on Wednesday, April 30th will be issued a $1.36 dividend. This represents a $5.44 annualized dividend and a dividend yield of 3.40%. The ex-dividend date of this dividend is Wednesday, April 30th. Texas Instruments's dividend payout ratio is presently 103.23%.

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 value of $1,234,955.30. Following the completion of the transaction, the director now directly owns 10,816 shares in the company, valued at approximately $2,202,353.92. The trade was a 35.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Richard K. Templeton sold 97,000 shares of Texas Instruments 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 transaction, the chairman now directly owns 409,089 shares in the company, valued at approximately $82,930,522.08. The trade was a 19.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 297,655 shares of company stock valued at $59,841,304 in the last three months. Company insiders own 0.57% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently commented on TXN shares. Barclays lowered Texas Instruments from an "equal weight" rating to an "underweight" rating and decreased their price objective for the company from $180.00 to $125.00 in a report on Tuesday, April 22nd. Cantor Fitzgerald lowered their price target on Texas Instruments from $200.00 to $170.00 and set a "neutral" rating on the stock in a research note on Thursday, April 24th. Benchmark lowered their price target on shares of Texas Instruments from $230.00 to $200.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Wells Fargo & Company dropped 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 research report on Thursday, April 24th. Finally, Truist Financial reduced their target price on shares of Texas Instruments from $195.00 to $171.00 and set a "hold" rating on the stock in a report on Thursday, April 24th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating, nine have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $189.41.

Texas Instruments Company Profile

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.