Financiere des Professionnels Fonds d investissement inc. Boosts Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Financiere des Professionnels Fonds d investissement inc. grew its holdings in Texas Instruments Incorporated (NASDAQ:TXNFree Report) by 0.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,051 shares of the semiconductor company’s stock after purchasing an additional 132 shares during the quarter. Financiere des Professionnels Fonds d investissement inc.’s holdings in Texas Instruments were worth $2,736,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Bollard Group LLC grew its holdings in shares of Texas Instruments by 4.6% during the second quarter. Bollard Group LLC now owns 1,377 shares of the semiconductor company’s stock worth $248,000 after buying an additional 60 shares in the last quarter. Salem Investment Counselors Inc. grew its stake in Texas Instruments by 16.8% in the 1st quarter. Salem Investment Counselors Inc. now owns 417 shares of the semiconductor company’s stock worth $77,000 after acquiring an additional 60 shares during the period. International Assets Investment Management LLC lifted its stake in shares of Texas Instruments by 2.8% during the 1st quarter. International Assets Investment Management LLC now owns 2,266 shares of the semiconductor company’s stock worth $416,000 after purchasing an additional 61 shares during the period. Polar Capital Holdings Plc grew its position in shares of Texas Instruments by 0.6% in the first quarter. Polar Capital Holdings Plc now owns 9,822 shares of the semiconductor company’s stock valued at $1,802,000 after purchasing an additional 63 shares during the period. Finally, Abacus Planning Group Inc. increased its stake in Texas Instruments by 3.7% in the third quarter. Abacus Planning Group Inc. now owns 1,795 shares of the semiconductor company’s stock valued at $285,000 after purchasing an additional 64 shares during the last quarter. 84.99% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Texas Instruments

In other Texas Instruments news, Director Mark A. Blinn sold 1,744 shares of Texas Instruments stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $159.85, for a total value of $278,778.40. Following the completion of the transaction, the director now directly owns 11,693 shares in the company, valued at $1,869,126.05. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.68% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on TXN. Rosenblatt Securities reaffirmed a “buy” rating and set a $190.00 price target on shares of Texas Instruments in a research report on Tuesday, January 23rd. Mizuho dropped their price target on Texas Instruments from $170.00 to $164.00 and set a “neutral” rating for the company in a research note on Wednesday, January 24th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $170.00 price objective on shares of Texas Instruments in a research note on Monday, March 4th. Truist Financial dropped their target price on shares of Texas Instruments from $166.00 to $165.00 and set a “hold” rating for the company in a research report on Friday, February 9th. Finally, TD Cowen lifted their price target on shares of Texas Instruments from $145.00 to $160.00 and gave the company a “market perform” rating in a research report on Wednesday, January 24th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $173.89.

Check Out Our Latest Analysis on TXN

Texas Instruments Stock Performance

Shares of TXN stock opened at $172.48 on Monday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 3.35 and a current ratio of 4.55. The stock has a market capitalization of $156.97 billion, a price-to-earnings ratio of 24.43, a PEG ratio of 3.71 and a beta of 1.04. Texas Instruments Incorporated has a one year low of $139.48 and a one year high of $188.12. The company’s 50-day simple moving average is $166.22 and its 200-day simple moving average is $160.71.

Texas Instruments (NASDAQ:TXNGet Free Report) last released its earnings results on Monday, January 22nd. The semiconductor company reported $1.49 EPS for the quarter, topping analysts’ consensus estimates of $1.46 by $0.03. The company had revenue of $4.08 billion for the quarter, compared to the consensus estimate of $4.12 billion. Texas Instruments had a return on equity of 39.96% and a net margin of 37.16%. Texas Instruments’s quarterly revenue was down 12.7% compared to the same quarter last year. During the same quarter last year, the business posted $2.13 EPS. Equities analysts anticipate that Texas Instruments Incorporated will post 5.16 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 13th. Stockholders of record on Wednesday, January 31st were issued a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 3.01%. The ex-dividend date of this dividend was Tuesday, January 30th. Texas Instruments’s dividend payout ratio (DPR) is presently 73.65%.

About Texas Instruments

(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.

See Also

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Institutional Ownership by Quarter for Texas Instruments (NASDAQ:TXN)

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