Richard W. Paul & Associates LLC Increases Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Richard W. Paul & Associates LLC raised its stake in shares of Texas Instruments Incorporated (NASDAQ:TXNFree Report) by 2.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,747 shares of the semiconductor company’s stock after buying an additional 72 shares during the quarter. Richard W. Paul & Associates LLC’s holdings in Texas Instruments were worth $468,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Texas Instruments by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 88,862,201 shares of the semiconductor company’s stock valued at $14,129,979,000 after acquiring an additional 458,853 shares during the last quarter. State Street Corp boosted its position in shares of Texas Instruments by 0.3% during the 2nd quarter. State Street Corp now owns 37,931,129 shares of the semiconductor company’s stock valued at $6,828,362,000 after acquiring an additional 112,156 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Texas Instruments by 4.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 18,893,821 shares of the semiconductor company’s stock valued at $2,986,123,000 after acquiring an additional 839,964 shares during the last quarter. Morgan Stanley lifted its position in Texas Instruments by 54.4% in 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 during the last quarter. Finally, Northern Trust Corp boosted its stake in Texas Instruments by 2.9% during the third quarter. Northern Trust Corp now owns 11,095,428 shares of the semiconductor company’s stock worth $1,764,284,000 after buying an additional 315,302 shares during the period. 84.99% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Texas Instruments news, Director Mark A. Blinn sold 1,744 shares of the business’s stock in a transaction dated Wednesday, January 31st. The shares were 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.68% of the stock is currently owned by corporate insiders.

Texas Instruments Stock Down 0.2 %

Shares of TXN stock traded down $0.31 on Wednesday, hitting $170.05. The stock had a trading volume of 1,448,964 shares, compared to its average volume of 5,537,007. 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 business has a 50 day moving average price of $166.67 and a 200 day moving average price of $161.08. The company has a market cap of $154.76 billion, a PE ratio of 24.15, a P/E/G ratio of 3.73 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.

Texas Instruments (NASDAQ:TXNGet Free Report) last announced 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 business had revenue of $4.08 billion during the quarter, compared to the consensus estimate of $4.12 billion. Texas Instruments had a net margin of 37.16% and a return on equity of 39.96%. The firm’s revenue was down 12.7% on a year-over-year basis. During the same period in the previous year, the company posted $2.13 earnings per share. Research analysts anticipate that Texas Instruments Incorporated will post 5.16 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 13th. Shareholders of record on Wednesday, January 31st were issued a $1.30 dividend. The ex-dividend date was Tuesday, January 30th. This represents a $5.20 dividend on an annualized basis and a yield of 3.06%. Texas Instruments’s dividend payout ratio is presently 73.65%.

Analysts Set New Price Targets

TXN has been the subject of several recent analyst reports. KeyCorp lifted their price objective on shares of Texas Instruments from $180.00 to $200.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 24th. TD Cowen lifted their price objective on shares of Texas Instruments from $145.00 to $160.00 and gave the stock a “market perform” rating in a research note on Wednesday, January 24th. Barclays dropped their price objective on shares of Texas Instruments from $160.00 to $150.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 24th. Rosenblatt Securities reaffirmed a “buy” rating and set a $190.00 price objective on shares of Texas Instruments in a research note on Tuesday, January 23rd. Finally, UBS Group raised shares of Texas Instruments from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $170.00 to $195.00 in a research note on Friday, January 19th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $173.89.

Read Our Latest Report on TXN

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.

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

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