Madison Asset Management LLC boosted its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 61.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 649,237 shares of the semiconductor company’s stock after buying an additional 247,455 shares during the period. Texas Instruments comprises 1.5% of Madison Asset Management LLC’s investment portfolio, making the stock its 9th largest holding. Madison Asset Management LLC owned about 0.07% of Texas Instruments worth $110,669,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. WealthPlan Investment Management LLC increased its position in Texas Instruments by 107.6% in the 3rd quarter. WealthPlan Investment Management LLC now owns 41,279 shares of the semiconductor company’s stock worth $6,564,000 after purchasing an additional 21,393 shares during the last quarter. Great Valley Advisor Group Inc. lifted its position in shares of Texas Instruments by 21.4% in the third quarter. Great Valley Advisor Group Inc. now owns 7,939 shares of the semiconductor company’s stock worth $1,263,000 after buying an additional 1,398 shares during the last quarter. Jump Financial LLC bought a new stake in shares of Texas Instruments during the 3rd quarter worth about $607,000. Financial Counselors Inc. increased its holdings in shares of Texas Instruments by 5.7% during the 3rd quarter. Financial Counselors Inc. now owns 7,125 shares of the semiconductor company’s stock valued at $1,133,000 after acquiring an additional 386 shares during the last quarter. Finally, Pointe Capital Management LLC raised its position in shares of Texas Instruments by 3.9% in the third quarter. Pointe Capital Management LLC now owns 4,098 shares of the semiconductor company’s stock valued at $652,000 after purchasing an additional 152 shares during the period. 84.99% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
TXN has been the topic of several recent analyst reports. Robert W. Baird lifted their target price on shares of Texas Instruments from $125.00 to $175.00 and gave the stock a “neutral” rating in a report on Thursday, April 25th. TD Cowen boosted their price objective on Texas Instruments from $160.00 to $175.00 and gave the stock a “hold” rating in a research report on Wednesday, April 24th. JPMorgan Chase & Co. raised their target price on Texas Instruments from $180.00 to $195.00 and gave the company an “overweight” rating in a report on Wednesday, April 24th. Cantor Fitzgerald upped their price target on Texas Instruments from $180.00 to $210.00 and gave the stock a “neutral” rating in a report on Wednesday, May 15th. Finally, Citigroup boosted their price objective on shares of Texas Instruments from $167.00 to $185.00 and gave the stock a “neutral” rating in a report on Monday, May 13th. Four research analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $182.48.
Check Out Our Latest Stock Report on TXN
Texas Instruments Stock Down 0.3 %
Shares of NASDAQ:TXN traded down $0.67 during trading on Friday, hitting $195.01. 9,137,321 shares of the company’s stock traded hands, compared to its average volume of 5,239,818. Texas Instruments Incorporated has a 52 week low of $139.48 and a 52 week high of $206.00. The company has a current ratio of 4.91, a quick ratio of 3.76 and a debt-to-equity ratio of 0.76. The company has a 50-day moving average price of $179.82 and a 200-day moving average price of $169.51. The company has a market cap of $177.55 billion, a price-to-earnings ratio of 30.42, a price-to-earnings-growth ratio of 4.21 and a beta of 1.01.
Texas Instruments (NASDAQ:TXN – Get Free Report) last announced its earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. Texas Instruments had a return on equity of 35.28% and a net margin of 35.16%. The business had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.61 billion. During the same quarter last year, the firm earned $1.85 EPS. Texas Instruments’s revenue for the quarter was down 16.4% compared to the same quarter last year. As a group, research analysts forecast that Texas Instruments Incorporated will post 5.17 EPS for the current fiscal year.
Texas Instruments Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Tuesday, May 21st. Investors of record on Wednesday, May 8th were issued a dividend of $1.30 per share. The ex-dividend date was Tuesday, May 7th. This represents a $5.20 annualized dividend and a yield of 2.67%. Texas Instruments’s payout ratio is presently 81.12%.
Insiders Place Their Bets
In other news, Chairman Richard K. Templeton sold 100,440 shares of the business’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $178.47, for a total transaction of $17,925,526.80. Following the transaction, the chairman now directly owns 403,851 shares in the company, valued at approximately $72,075,287.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Pamela H. Patsley sold 9,990 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $179.12, for a total value of $1,789,408.80. Following the transaction, the director now owns 33,348 shares of the company’s stock, valued at $5,973,293.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Richard K. Templeton sold 100,440 shares of Texas Instruments stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $178.47, for a total value of $17,925,526.80. Following the sale, the chairman now directly owns 403,851 shares of the company’s stock, valued at $72,075,287.97. The disclosure for this sale can be found here. Insiders have sold 328,969 shares of company stock valued at $58,427,984 in the last 90 days. 0.68% of the stock is currently owned by insiders.
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.
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