The Manufacturers Life Insurance Company Boosts Stake in Texas Instruments Incorporated (NASDAQ:TXN)

The Manufacturers Life Insurance Company boosted its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 6.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,480,878 shares of the semiconductor company's stock after purchasing an additional 201,879 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.38% of Texas Instruments worth $652,700,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in shares of Texas Instruments by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 93,567,277 shares of the semiconductor company's stock valued at $17,544,800,000 after purchasing an additional 649,620 shares in the last quarter. Geode Capital Management LLC raised its stake in Texas Instruments by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 21,554,142 shares of the semiconductor company's stock valued at $4,032,599,000 after buying an additional 267,352 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Texas Instruments by 11.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 21,487,468 shares of the semiconductor company's stock worth $4,029,115,000 after buying an additional 2,237,035 shares during the last quarter. Norges Bank acquired a new position in shares of Texas Instruments during the 4th quarter worth about $2,584,490,000. Finally, Alliancebernstein L.P. raised its position in shares of Texas Instruments by 6.9% during the 4th quarter. Alliancebernstein L.P. now owns 12,706,971 shares of the semiconductor company's stock worth $2,382,684,000 after acquiring an additional 822,797 shares in the last quarter. Institutional investors and hedge funds own 84.99% of the company's stock.

Insiders Place Their Bets

In related news, Director Mark A. Blinn sold 590 shares of Texas Instruments stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $180.71, for a total transaction of $106,618.90. Following the completion of the sale, the director now owns 11,717 shares in the company, valued at approximately $2,117,379.07. This trade represents a 4.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Richard K. Templeton sold 97,000 shares of the firm's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $197.69, for a total transaction of $19,175,930.00. Following the sale, the chairman now directly owns 409,089 shares in the company, valued at $80,872,804.41. This represents a 19.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 297,655 shares of company stock worth $59,841,304. Insiders own 0.57% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on TXN shares. Morgan Stanley reaffirmed an "underweight" rating and issued a $148.00 price target (up from $146.00) on shares of Texas Instruments in a report on Thursday, April 24th. Baird R W upgraded shares of Texas Instruments from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 7th. Mizuho set a $170.00 target price on Texas Instruments in a research report on Thursday, April 24th. TD Securities reiterated a "hold" rating and issued a $160.00 price target on shares of Texas Instruments in a research report on Thursday, April 24th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Texas Instruments from $230.00 to $195.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, Texas Instruments presently has an average rating of "Hold" and an average target price of $189.41.

Texas Instruments Price Performance

Texas Instruments stock traded down $0.72 during mid-day trading on Wednesday, reaching $160.05. The company had a trading volume of 5,953,048 shares, compared to its average volume of 6,198,149. The stock's 50-day simple moving average is $171.83 and its 200-day simple moving average is $186.92. The company has a market capitalization of $145.63 billion, a P/E ratio of 30.84, a P/E/G ratio of 3.30 and a beta of 0.99. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.12 and a quick ratio of 2.88. Texas Instruments Incorporated has a 1 year low of $139.95 and a 1 year high of $220.39.

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, topping the consensus estimate of $1.06 by $0.22. The firm had revenue of $4.07 billion during the quarter, compared to analysts' expectations of $3.91 billion. Texas Instruments had a return on equity of 28.08% and a net margin of 30.68%. Texas Instruments's revenue was up 11.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.10 earnings per share. On average, equities analysts predict that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 13th. Shareholders of record on Wednesday, April 30th will be issued a dividend of $1.36 per share. The ex-dividend date is Wednesday, April 30th. This represents a $5.44 annualized dividend and a yield of 3.40%. Texas Instruments's dividend payout ratio (DPR) 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.