TrinityPoint Wealth LLC raised its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 130.0% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 15,155 shares of the semiconductor company's stock after purchasing an additional 8,565 shares during the period. TrinityPoint Wealth LLC's holdings in Texas Instruments were worth $2,842,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in TXN. Norges Bank bought a new position in Texas Instruments in the fourth quarter worth about $2,584,490,000. Assenagon Asset Management S.A. grew its position in shares of Texas Instruments by 948.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 4,794,646 shares of the semiconductor company's stock worth $899,044,000 after buying an additional 4,337,295 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position 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 worth $4,029,115,000 after buying an additional 2,237,035 shares during the last quarter. Invesco Ltd. raised its stake in shares of Texas Instruments by 15.4% during the 4th quarter. Invesco Ltd. now owns 11,893,157 shares of the semiconductor company's stock worth $2,230,086,000 after acquiring an additional 1,587,036 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in Texas Instruments during the fourth quarter valued at approximately $295,665,000. Hedge funds and other institutional investors own 84.99% of the company's stock.
Insider Activity at Texas Instruments
In other news, Director Janet F. Clark sold 6,065 shares of the firm's 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 transaction, the director now owns 10,816 shares in the company, valued at $2,202,353.92. This trade represents a 35.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Richard K. Templeton sold 97,000 shares of Texas Instruments stock in a transaction that occurred 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 completion of the sale, the chairman now directly 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. In the last quarter, insiders have sold 297,655 shares of company stock valued at $59,841,304. 0.57% of the stock is owned by company insiders.
Texas Instruments Stock Performance
TXN stock traded up $6.25 during midday trading on Friday, hitting $164.51. 7,642,365 shares of the stock traded hands, compared to its average volume of 6,211,865. Texas Instruments Incorporated has a 1-year low of $139.95 and a 1-year high of $220.39. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.12 and a quick ratio of 2.88. The stock's fifty day simple moving average is $170.27 and its 200-day simple moving average is $186.15. The firm has a market cap of $149.45 billion, a P/E ratio of 31.70, a PEG ratio of 3.30 and a beta of 0.97.
Texas Instruments (NASDAQ:TXN - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 EPS for the quarter, beating analysts' consensus estimates of $1.06 by $0.22. The firm had revenue of $4.07 billion for 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%. The company's quarterly revenue was up 11.1% on a year-over-year basis. During the same period last year, the firm earned $1.10 EPS. On average, analysts expect that Texas Instruments Incorporated will post 5.35 earnings per share 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 given a dividend of $1.36 per share. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $5.44 dividend on an annualized basis and a dividend yield of 3.31%. Texas Instruments's dividend payout ratio (DPR) is 103.23%.
Analyst Ratings Changes
A number of equities analysts have recently issued reports on the company. Benchmark reduced their price target on Texas Instruments from $230.00 to $200.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Mizuho set a $170.00 target price 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 note on Monday, April 7th. TD Securities restated a "hold" rating and set a $160.00 price target on shares of Texas Instruments in a research note on Thursday, April 24th. Finally, Argus raised shares of Texas Instruments to a "strong-buy" rating in a research report on Friday, April 25th. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $189.41.
Read Our Latest Research Report on Texas Instruments
Texas Instruments Profile
(
Free Report)
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.
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