Texas Instruments Incorporated (NASDAQ:TXN) Shares Purchased by Smithfield Trust Co

Smithfield Trust Co lifted its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 2.0% in the 4th quarter, Holdings Channel.com reports. The fund owned 9,845 shares of the semiconductor company’s stock after buying an additional 190 shares during the quarter. Smithfield Trust Co’s holdings in Texas Instruments were worth $1,854,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. State Street Corp increased its holdings in Texas Instruments by 0.9% in the 3rd quarter. State Street Corp now owns 41,679,234 shares of the semiconductor company’s stock valued at $8,609,679,000 after purchasing an additional 391,306 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Texas Instruments by 11.6% in the fourth 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 period. Geode Capital Management LLC grew its stake in shares of Texas Instruments by 2.3% in the third quarter. Geode Capital Management LLC now owns 21,286,790 shares of the semiconductor company’s stock valued at $4,382,936,000 after buying an additional 487,892 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Texas Instruments by 0.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 8,060,213 shares of the semiconductor company’s stock valued at $1,664,998,000 after buying an additional 36,441 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Texas Instruments by 1.6% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,773,932 shares of the semiconductor company’s stock worth $1,605,861,000 after acquiring an additional 124,712 shares in the last quarter. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, Chairman Richard K. Templeton sold 97,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $197.69, for a total value of $19,175,930.00. Following the sale, the chairman now owns 409,089 shares in the company, valued at approximately $80,872,804.41. This trade represents a 19.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Janet F. Clark sold 6,065 shares of Texas Instruments stock in a transaction that occurred 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 sale, the director now directly 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. Over the last three months, insiders have sold 297,655 shares of company stock worth $59,841,304. 0.68% of the stock is owned by insiders.

Texas Instruments Price Performance

Shares of NASDAQ:TXN opened at $194.84 on Wednesday. The company has a market cap of $177.37 billion, a PE ratio of 37.54, a P/E/G ratio of 3.30 and a beta of 0.97. Texas Instruments Incorporated has a fifty-two week low of $159.11 and a fifty-two week high of $220.38. The firm has a 50-day simple moving average of $189.62 and a 200 day simple moving average of $197.60. The company has a quick ratio of 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76.

Texas Instruments (NASDAQ:TXN) last issued its earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.10. Texas Instruments had a return on equity of 28.08% and a net margin of 30.68%. During the same period in the prior year, the company earned $1.49 earnings per share. On average, sell-side analysts anticipate that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st were given a $1.36 dividend. This represents a $5.44 annualized dividend and a yield of 2.79%. The ex-dividend date was Friday, January 31st. Texas Instruments’s dividend payout ratio is presently 104.82%.

Wall Street Analysts Forecast Growth

TXN has been the subject of several recent research reports. Mizuho lowered their price objective on shares of Texas Instruments from $200.00 to $190.00 and set a “neutral” rating for the company in a research report on Friday, January 24th. Wells Fargo & Company lowered their price target on shares of Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. Truist Financial cut their price objective on shares of Texas Instruments from $199.00 to $195.00 and set a “hold” rating on the stock in a report on Friday, January 24th. Rosenblatt Securities restated a “buy” rating and set a $250.00 target price on shares of Texas Instruments in a research note on Tuesday, January 21st. Finally, Barclays cut their price target on Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating on the stock in a research note on Friday, January 24th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, Texas Instruments currently has a consensus rating of “Hold” and a consensus price target of $209.20.

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.