Sfmg LLC Grows Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Sfmg LLC lifted its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 37.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,681 shares of the semiconductor company’s stock after purchasing an additional 3,173 shares during the quarter. Sfmg LLC’s holdings in Texas Instruments were worth $1,991,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Texas Instruments by 0.5% in the third quarter. Vanguard Group Inc. now owns 88,862,201 shares of the semiconductor company’s stock worth $14,129,979,000 after purchasing an additional 458,853 shares during the last quarter. State Street Corp increased its holdings in Texas Instruments by 1.9% in the 1st quarter. State Street Corp now owns 37,818,973 shares of the semiconductor company’s stock worth $7,034,694,000 after buying an additional 721,775 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Texas Instruments by 4.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 18,893,821 shares of the semiconductor company’s stock worth $2,986,123,000 after buying an additional 839,964 shares during the last quarter. Morgan Stanley lifted 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 valued at $2,434,572,000 after acquiring an additional 5,191,426 shares during the period. Finally, Northern Trust Corp boosted its holdings in shares of Texas Instruments by 2.9% during the 3rd quarter. Northern Trust Corp now owns 11,095,428 shares of the semiconductor company’s stock valued at $1,764,284,000 after acquiring an additional 315,302 shares during the last quarter. Institutional investors own 84.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Evercore ISI assumed coverage on shares of Texas Instruments in a research report on Tuesday. They set an “outperform” rating and a $213.00 price objective on the stock. KeyCorp increased their price target on Texas Instruments from $180.00 to $200.00 and gave the company an “overweight” rating in a report on Wednesday, January 24th. TD Cowen raised their price target on Texas Instruments from $145.00 to $160.00 and gave the stock a “market perform” rating in a research note on Wednesday, January 24th. Rosenblatt Securities reiterated a “buy” rating and set a $190.00 price objective on shares of Texas Instruments in a research report on Tuesday, January 23rd. Finally, Cantor Fitzgerald raised their target price on Texas Instruments from $170.00 to $180.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Texas Instruments presently has an average rating of “Hold” and an average price target of $176.68.

Insider Transactions at Texas Instruments

In other Texas Instruments news, Director Mark A. Blinn sold 1,744 shares of the stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $159.85, for a total transaction of $278,778.40. Following the completion of the transaction, the director now owns 11,693 shares of the company’s stock, valued at approximately $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 Price Performance

Texas Instruments stock traded down $1.34 during mid-day trading on Wednesday, hitting $166.25. The stock had a trading volume of 942,652 shares, compared to its average volume of 5,422,188. The company has a current ratio of 4.55, a quick ratio of 3.35 and a debt-to-equity ratio of 0.63. The firm’s 50 day moving average is $167.95 and its 200 day moving average is $161.68. The firm has a market capitalization of $151.30 billion, a P/E ratio of 23.74, a P/E/G ratio of 3.58 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:TXN) last released its quarterly earnings data on Monday, January 22nd. The semiconductor company reported $1.49 earnings per share for the quarter, topping analysts’ consensus estimates of $1.46 by $0.03. Texas Instruments had a return on equity of 39.96% and a net margin of 37.16%. The firm had revenue of $4.08 billion during the quarter, compared to analyst estimates of $4.12 billion. During the same quarter in the prior year, the company posted $2.13 earnings per share. The business’s quarterly revenue was down 12.7% compared to the same quarter last year. On average, sell-side analysts forecast that Texas Instruments Incorporated will post 5.16 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 13th. Stockholders of record on Wednesday, January 31st were given a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 3.13%. The ex-dividend date of this dividend was Tuesday, January 30th. Texas Instruments’s payout ratio is currently 73.65%.

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.