Texas Instruments Incorporated (NASDAQ:TXN) Position Boosted by iA Global Asset Management Inc.

iA Global Asset Management Inc. lifted its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 5.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 98,323 shares of the semiconductor company’s stock after purchasing an additional 5,248 shares during the period. iA Global Asset Management Inc.’s holdings in Texas Instruments were worth $18,437,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Howard Capital Management Group LLC bought a new position in Texas Instruments in the third quarter worth about $202,000. Thrivent Financial for Lutherans lifted its holdings in Texas Instruments by 1.5% in the third quarter. Thrivent Financial for Lutherans now owns 74,305 shares of the semiconductor company’s stock worth $15,349,000 after acquiring an additional 1,095 shares during the last quarter. Quest Partners LLC bought a new position in Texas Instruments in the third quarter worth about $226,000. Pathstone Holdings LLC lifted its holdings in Texas Instruments by 0.4% in the third quarter. Pathstone Holdings LLC now owns 115,949 shares of the semiconductor company’s stock worth $23,952,000 after acquiring an additional 474 shares during the last quarter. Finally, Prospera Financial Services Inc lifted its holdings in Texas Instruments by 16.8% in the third quarter. Prospera Financial Services Inc now owns 18,002 shares of the semiconductor company’s stock worth $3,721,000 after acquiring an additional 2,593 shares during the last quarter. Institutional investors own 84.99% of the company’s stock.

Insider Buying and Selling

In related news, Director Janet F. Clark sold 6,065 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $203.62, for a total value of $1,234,955.30. Following the completion of the transaction, the director now owns 10,816 shares of the company’s stock, valued at approximately $2,202,353.92. This trade represents a 35.93 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Mark A. Blinn sold 590 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $180.71, for a total transaction of $106,618.90. Following the completion of the transaction, the director now directly owns 11,717 shares of the company’s stock, valued at $2,117,379.07. This represents a 4.79 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 297,655 shares of company stock worth $59,841,304. Corporate insiders own 0.57% of the company’s stock.

Texas Instruments Price Performance

NASDAQ TXN opened at $181.74 on Thursday. Texas Instruments Incorporated has a 12 month low of $159.11 and a 12 month high of $220.39. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.12 and a quick ratio of 2.88. The firm has a market capitalization of $165.37 billion, a PE ratio of 35.02, a P/E/G ratio of 3.30 and a beta of 0.97. The company’s 50 day simple moving average is $187.91 and its 200 day simple moving average is $195.72.

Texas Instruments (NASDAQ:TXN) last issued its earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share for the quarter, topping analysts’ consensus estimates 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 business earned $1.49 earnings per share. As a group, equities research analysts forecast that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Friday, January 31st were issued a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date of this dividend was Friday, January 31st. Texas Instruments’s payout ratio is 104.82%.

Analysts Set New Price Targets

A number of brokerages have issued reports on TXN. Mizuho cut their target price on shares of Texas Instruments from $200.00 to $190.00 and set a “neutral” rating on the stock in a report on Friday, January 24th. Barclays cut their target price on shares of Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating on the stock in a 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 note on Tuesday, January 21st. Truist Financial dropped their price target on shares of Texas Instruments from $199.00 to $195.00 and set a “hold” rating on the stock in a research note on Friday, January 24th. Finally, Wells Fargo & Company dropped 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 note on Monday, January 13th. Two 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 company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $209.20.

Texas Instruments 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.