First Western Trust Bank raised its holdings in Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 4.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 57,532 shares of the semiconductor company’s stock after purchasing an additional 2,247 shares during the period. Texas Instruments comprises approximately 0.6% of First Western Trust Bank’s holdings, making the stock its 18th largest holding. First Western Trust Bank’s holdings in Texas Instruments were worth $10,702,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Norges Bank acquired a new stake in shares of Texas Instruments in the 4th quarter worth approximately $1,548,365,000. Moneta Group Investment Advisors LLC raised its holdings in shares of Texas Instruments by 60,024.4% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 8,363,303 shares of the semiconductor company’s stock worth $1,381,785,000 after purchasing an additional 8,349,393 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in Texas Instruments by 497.1% during the first quarter. Envestnet Asset Management Inc. now owns 7,377,079 shares of the semiconductor company’s stock valued at $247,302,000 after purchasing an additional 6,141,556 shares during the last quarter. Morgan Stanley boosted its holdings in Texas Instruments by 54.4% during the fourth quarter. Morgan Stanley now owns 14,735,331 shares of the semiconductor company’s stock worth $2,434,572,000 after buying an additional 5,191,426 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of Texas Instruments by 28.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 16,634,827 shares of the semiconductor company’s stock valued at $2,748,406,000 after buying an additional 3,655,383 shares in the last quarter. Institutional investors and hedge funds own 83.37% of the company’s stock.
Wall Street Analyst Weigh In
Several brokerages have recently commented on TXN. Mizuho reduced their target price on Texas Instruments from $185.00 to $181.00 in a report on Wednesday, July 26th. Truist Financial dropped their price target on Texas Instruments from $178.00 to $174.00 in a research report on Wednesday, July 26th. Susquehanna boosted their price objective on shares of Texas Instruments from $205.00 to $215.00 in a research report on Wednesday, July 26th. Citigroup increased their price objective on Texas Instruments from $173.00 to $182.00 and gave the stock a “neutral” rating in a report on Tuesday, July 18th. Finally, Sanford C. Bernstein cut shares of Texas Instruments from a “market perform” rating to an “underperform” rating and set a $145.00 target price for the company. in a research note on Wednesday, August 30th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $185.32.
Texas Instruments Trading Down 0.6 %
Shares of TXN traded down $0.99 during trading hours on Tuesday, hitting $164.85. The company had a trading volume of 570,142 shares, compared to its average volume of 5,083,431. The company has a quick ratio of 4.35, a current ratio of 5.72 and a debt-to-equity ratio of 0.69. Texas Instruments Incorporated has a 52-week low of $145.97 and a 52-week high of $188.12. The stock’s 50 day moving average price is $173.17 and its 200 day moving average price is $173.37. The firm has a market cap of $149.68 billion, a P/E ratio of 19.93, a P/E/G ratio of 2.40 and a beta of 1.03.
Texas Instruments (NASDAQ:TXN – Get Free Report) last posted its quarterly earnings data on Tuesday, July 25th. The semiconductor company reported $1.87 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.11. Texas Instruments had a return on equity of 50.90% and a net margin of 40.84%. The business had revenue of $4.53 billion for the quarter, compared to analysts’ expectations of $4.37 billion. During the same period in the previous year, the firm posted $2.45 EPS. The business’s revenue was down 13.1% on a year-over-year basis. On average, research analysts predict that Texas Instruments Incorporated will post 7.34 EPS for the current year.
Texas Instruments Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 15th. Stockholders of record on Monday, July 31st were given a dividend of $1.24 per share. This represents a $4.96 dividend on an annualized basis and a dividend yield of 3.01%. The ex-dividend date of this dividend was Friday, July 28th. Texas Instruments’s payout ratio is 59.62%.
Insider Transactions at Texas Instruments
In other news, Director Carrie Smith Cox sold 16,055 shares of Texas Instruments stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $180.04, for a total transaction of $2,890,542.20. Following the transaction, the director now directly owns 35,801 shares of the company’s stock, valued at approximately $6,445,612.04. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, Director Pamela H. Patsley sold 10,539 shares of the business’s stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $179.34, for a total transaction of $1,890,064.26. Following the sale, the director now owns 32,662 shares in the company, valued at $5,857,603.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Carrie Smith Cox sold 16,055 shares of the business’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $180.04, for a total transaction of $2,890,542.20. Following the transaction, the director now owns 35,801 shares of the company’s stock, valued at $6,445,612.04. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by company insiders.
About Texas Instruments
Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers in the United States and internationally. It operates in two segments, Analog and Embedded Processing. 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.
- Five stocks we like better than Texas Instruments
- Are These Liquid Natural Gas Stocks Ready For An Upside Bounce?
- Ray Dalio’s Move into 3 Stocks, All Betting on One Thing
- Bank Stocks – Best Bank Stocks to Invest In
- Airbnb Joins the S&P 500, Time to Buy In?
- How to Invest in the Best Canadian Stocks
- Does Dell Technologies Blowout Quarter Mean a New Demand Cycle?
Receive News & Ratings for Texas Instruments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Texas Instruments and related companies with MarketBeat.com's FREE daily email newsletter.