Texas Instruments Incorporated (NASDAQ:TXN) Shares Purchased by Ballast Inc.

Ballast Inc. increased its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 2.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,923 shares of the semiconductor company’s stock after buying an additional 139 shares during the quarter. Ballast Inc.’s holdings in Texas Instruments were worth $1,180,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Norges Bank acquired a new stake in shares of Texas Instruments in the fourth quarter valued at $1,548,365,000. Moneta Group Investment Advisors LLC raised its stake in shares of Texas Instruments by 60,024.4% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 8,363,303 shares of the semiconductor company’s stock valued at $1,381,785,000 after acquiring an additional 8,349,393 shares in the last quarter. Morgan Stanley grew its stake in Texas Instruments by 54.4% during the 4th quarter. Morgan Stanley now owns 14,735,331 shares of the semiconductor company’s stock worth $2,434,572,000 after purchasing an additional 5,191,426 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Texas Instruments by 13.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 14,638,302 shares of the semiconductor company’s stock worth $2,685,836,000 after purchasing an additional 1,779,273 shares during the period. Finally, Assenagon Asset Management S.A. boosted its stake in shares of Texas Instruments by 565.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,693,577 shares of the semiconductor company’s stock valued at $288,687,000 after buying an additional 1,439,066 shares during the period. Institutional investors and hedge funds own 84.99% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Truist Financial lowered their price target on shares of Texas Instruments from $166.00 to $165.00 and set a “hold” rating for the company in a report on Friday, February 9th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $170.00 price objective on shares of Texas Instruments in a research report on Monday, March 4th. TD Cowen boosted 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. Barclays reduced their target price on Texas Instruments from $160.00 to $150.00 and set an “equal weight” rating for the company in a report on Wednesday, January 24th. Finally, Morgan Stanley lifted their target price on shares of Texas Instruments from $138.00 to $146.00 and gave the company an “underweight” rating in a report on Wednesday, January 24th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $173.89.

Insider Activity

In related news, Director Mark A. Blinn sold 1,744 shares of Texas Instruments stock in a transaction dated 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.68% of the company’s stock.

Texas Instruments Stock Performance

NASDAQ:TXN opened at $174.21 on Friday. Texas Instruments Incorporated has a fifty-two week low of $139.48 and a fifty-two week high of $188.12. The company has a market cap of $158.54 billion, a P/E ratio of 24.68, a P/E/G ratio of 3.72 and a beta of 1.04. The company has a quick ratio of 3.35, a current ratio of 4.55 and a debt-to-equity ratio of 0.63. The firm’s 50 day moving average is $166.63 and its two-hundred day moving average is $160.86.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings data on Monday, January 22nd. The semiconductor company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.03. The business had revenue of $4.08 billion for the quarter, compared to analyst estimates of $4.12 billion. Texas Instruments had a return on equity of 39.96% and a net margin of 37.16%. The company’s revenue was down 12.7% compared to the same quarter last year. During the same period in the previous year, the company posted $2.13 EPS. Analysts expect that Texas Instruments Incorporated will post 5.16 EPS for the current year.

Texas Instruments Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 13th. Investors of record on Wednesday, January 31st were given a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 2.98%. The ex-dividend date was Tuesday, January 30th. Texas Instruments’s dividend payout ratio (DPR) is presently 73.65%.

About Texas Instruments

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.