Texas Instruments Incorporated (NASDAQ:TXN) Stake Raised by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 11.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,487,468 shares of the semiconductor company’s stock after buying an additional 2,237,035 shares during the period. Texas Instruments accounts for about 0.7% of Charles Schwab Investment Management Inc.’s investment portfolio, making the stock its 24th biggest holding. Charles Schwab Investment Management Inc.’s holdings in Texas Instruments were worth $4,029,115,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Fiduciary Alliance LLC raised its holdings in Texas Instruments by 25.3% during the fourth quarter. Fiduciary Alliance LLC now owns 36,801 shares of the semiconductor company’s stock worth $6,901,000 after purchasing an additional 7,424 shares in the last quarter. Townsquare Capital LLC raised its holdings in Texas Instruments by 5.9% during the third quarter. Townsquare Capital LLC now owns 93,689 shares of the semiconductor company’s stock worth $19,353,000 after purchasing an additional 5,201 shares in the last quarter. Ameritas Advisory Services LLC raised its holdings in Texas Instruments by 73.7% during the fourth quarter. Ameritas Advisory Services LLC now owns 8,739 shares of the semiconductor company’s stock worth $1,639,000 after purchasing an additional 3,707 shares in the last quarter. HB Wealth Management LLC grew its position in Texas Instruments by 4.4% in the fourth quarter. HB Wealth Management LLC now owns 99,856 shares of the semiconductor company’s stock worth $18,724,000 after buying an additional 4,238 shares during the last quarter. Finally, Swiss National Bank grew its position in Texas Instruments by 0.3% in the third quarter. Swiss National Bank now owns 2,702,500 shares of the semiconductor company’s stock worth $558,255,000 after buying an additional 8,100 shares during the last quarter. Institutional investors own 84.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Mizuho decreased their price target on shares of Texas Instruments from $200.00 to $190.00 and set a “neutral” rating on the stock in a research report on Friday, January 24th. Barclays decreased their price target on shares of Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating on the stock in a research report on Friday, January 24th. Rosenblatt Securities restated a “buy” rating and issued a $250.00 price target on shares of Texas Instruments in a research report on Tuesday, January 21st. Wells Fargo & Company decreased their price target on shares of Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. Finally, Cantor Fitzgerald restated a “neutral” rating and issued a $200.00 price target on shares of Texas Instruments in a research report on Friday, January 24th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Texas Instruments currently has an average rating of “Hold” and a consensus target price of $209.20.

Texas Instruments Trading Down 0.8 %

Texas Instruments stock opened at $194.39 on Tuesday. The company’s fifty day simple moving average is $189.57 and its 200-day simple moving average is $197.64. The company has a quick ratio of 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76. Texas Instruments Incorporated has a 12 month low of $159.11 and a 12 month high of $220.38. The stock has a market cap of $176.96 billion, a P/E ratio of 37.45, a P/E/G ratio of 3.30 and a beta of 0.97.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 EPS for the quarter, beating the consensus estimate of $1.20 by $0.10. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. During the same quarter in the previous year, the company posted $1.49 EPS. As a group, sell-side analysts forecast that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Friday, January 31st were paid a $1.36 dividend. This represents a $5.44 annualized dividend and a dividend yield of 2.80%. The ex-dividend date of this dividend was Friday, January 31st. Texas Instruments’s payout ratio is presently 104.82%.

Insider Activity at Texas Instruments

In related news, Chairman Richard K. Templeton sold 97,000 shares of Texas Instruments stock in a transaction on Friday, February 21st. The shares were sold at an average price of $202.72, for a total value of $19,663,840.00. Following the completion of the sale, the chairman now owns 409,089 shares of the company’s stock, valued at approximately $82,930,522.08. The trade was a 19.17 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Janet F. Clark sold 6,065 shares of Texas Instruments stock in a transaction on Monday, February 24th. The shares were sold at an average price of $203.62, for a total transaction of $1,234,955.30. Following the completion of the sale, the director now directly owns 10,816 shares of the company’s stock, valued at approximately $2,202,353.92. The trade was a 35.93 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 297,655 shares of company stock valued at $59,841,304. Insiders own 0.68% of the company’s stock.

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.