DnB Asset Management AS Grows Position in Texas Instruments Incorporated (NASDAQ:TXN)

DnB Asset Management AS grew its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 15.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 271,765 shares of the semiconductor company’s stock after buying an additional 35,712 shares during the quarter. DnB Asset Management AS’s holdings in Texas Instruments were worth $48,923,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of TXN. Thomasville National Bank purchased a new stake in Texas Instruments in the 1st quarter worth $375,000. Lion Street Advisors LLC bought a new stake in Texas Instruments during the 1st quarter valued at approximately $225,000. Assetmark Inc. lifted its holdings in Texas Instruments by 78.6% in the 1st quarter. Assetmark Inc. now owns 193,147 shares of the semiconductor company’s stock worth $35,927,000 after purchasing an additional 84,994 shares in the last quarter. Howe & Rusling Inc. boosted its stake in Texas Instruments by 14.8% in the 1st quarter. Howe & Rusling Inc. now owns 60,967 shares of the semiconductor company’s stock worth $11,340,000 after purchasing an additional 7,856 shares during the period. Finally, Creative Planning lifted its holdings in shares of Texas Instruments by 10.9% in the fourth quarter. Creative Planning now owns 142,667 shares of the semiconductor company’s stock worth $23,571,000 after buying an additional 14,008 shares in the last quarter. Hedge funds and other institutional investors own 83.37% of the company’s stock.

Insider Activity

In other news, Director Carrie Smith Cox sold 16,055 shares of the business’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $180.04, for a total value of $2,890,542.20. Following the completion of 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 filing with the SEC, which is available at this hyperlink. In other Texas Instruments news, Director Pamela H. Patsley sold 10,539 shares of the company’s stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $179.34, for a total transaction of $1,890,064.26. Following the transaction, the director now owns 32,662 shares in the company, valued at approximately $5,857,603.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 value of $2,890,542.20. Following the sale, the director now directly owns 35,801 shares of the company’s stock, valued at approximately $6,445,612.04. The disclosure for this sale can be found here. Insiders own 0.54% of the company’s stock.

Texas Instruments Trading Up 0.7 %

Shares of Texas Instruments stock traded up $1.10 on Thursday, hitting $165.46. 786,052 shares of the company traded hands, compared to its average volume of 5,067,163. Texas Instruments Incorporated has a 52 week low of $145.97 and a 52 week high of $188.12. The company has a market cap of $150.23 billion, a PE ratio of 19.75, a PEG ratio of 2.40 and a beta of 1.03. The stock’s 50 day moving average price is $172.84 and its 200-day moving average price is $173.33. The company has a current ratio of 5.72, a quick ratio of 4.35 and a debt-to-equity ratio of 0.69.

Texas Instruments (NASDAQ:TXN) last issued its earnings results on Tuesday, July 25th. The semiconductor company reported $1.87 earnings per share for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $4.37 billion. During the same period in the prior year, the business earned $2.45 EPS. The business’s revenue for the quarter was down 13.1% compared to the same quarter last year. Equities 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 paid a dividend of $1.24 per share. The ex-dividend date was Friday, July 28th. This represents a $4.96 dividend on an annualized basis and a dividend yield of 3.00%. Texas Instruments’s dividend payout ratio is presently 59.62%.

Wall Street Analysts Forecast Growth

TXN has been the topic of a number of research reports. Truist Financial reduced their price target on shares of Texas Instruments from $178.00 to $174.00 in a report on Wednesday, July 26th. UBS Group reduced their target price on Texas Instruments from $190.00 to $185.00 in a report on Wednesday, July 26th. Susquehanna increased their price target on Texas Instruments from $205.00 to $215.00 in a research note on Wednesday, July 26th. Citigroup lifted their price objective on Texas Instruments from $173.00 to $182.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 18th. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $230.00 target price on shares of Texas Instruments in a research report on Tuesday, July 25th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Texas Instruments currently has an average rating of “Hold” and a consensus price target of $185.32.

Texas Instruments Profile

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.