Texas Instruments Incorporated (NASDAQ:TXN) Shares Purchased by Silvercrest Asset Management Group LLC

Silvercrest Asset Management Group LLC increased its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 1.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 271,517 shares of the semiconductor company's stock after buying an additional 4,500 shares during the quarter. Silvercrest Asset Management Group LLC's holdings in Texas Instruments were worth $50,912,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

Several research analysts recently issued reports on TXN shares. Mizuho set a $170.00 price objective on Texas Instruments in a research report on Thursday, April 24th. Baird R W upgraded Texas Instruments from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 7th. Barclays downgraded Texas Instruments from an "equal weight" rating to an "underweight" rating and cut their price objective for the stock from $180.00 to $125.00 in a research report on Tuesday, April 22nd. Truist Financial cut their price objective on Texas Instruments from $195.00 to $171.00 and set a "hold" rating for the company in a research report on Thursday, April 24th. Finally, UBS Group cut their price objective on Texas Instruments from $225.00 to $215.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. 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, the company presently has an average rating of "Hold" and a consensus price target of $189.41.

Insider Activity

In other news, Chairman Richard K. Templeton sold 97,000 shares of the company's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $202.68, for a total value of $19,659,960.00. Following the sale, the chairman now owns 409,089 shares in the company, valued at approximately $82,914,158.52. This represents a 19.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Janet F. Clark sold 6,065 shares of the company's stock in a transaction dated 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 owns 10,816 shares in the company, valued at approximately $2,202,353.92. This trade represents a 35.93% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 297,065 shares of company stock worth $59,734,685. 0.57% of the stock is currently owned by corporate insiders.

Texas Instruments Stock Down 0.1%

NASDAQ:TXN traded down $0.16 on Monday, reaching $188.34. The stock had a trading volume of 6,460,235 shares, compared to its average volume of 6,301,304. The company has a current ratio of 4.12, a quick ratio of 2.88 and a debt-to-equity ratio of 0.76. The company has a 50-day moving average of $167.29 and a 200 day moving average of $184.29. The stock has a market cap of $171.10 billion, a P/E ratio of 36.29, a price-to-earnings-growth ratio of 3.30 and a beta of 0.97. Texas Instruments Incorporated has a 12-month low of $139.95 and a 12-month high of $220.39.

Texas Instruments (NASDAQ:TXN - Get Free Report) last posted its quarterly earnings data 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. The company had revenue of $4.07 billion during the quarter, compared to analysts' expectations of $3.91 billion. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. The firm's revenue for the quarter was up 11.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.10 EPS. On average, research analysts predict that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Wednesday, April 30th were given a $1.36 dividend. 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 currently 103.23%.

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.