Texas Instruments Incorporated (NASDAQ:TXN) Shares Bought by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA raised its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 13.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 563,579 shares of the semiconductor company’s stock after acquiring an additional 67,416 shares during the quarter. Pictet Asset Management Holding SA owned approximately 0.06% of Texas Instruments worth $105,677,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in TXN. Broadway Wealth Solutions Inc. acquired a new position in Texas Instruments during the fourth quarter worth about $242,000. Boussard & Gavaudan Investment Management LLP boosted its holdings in shares of Texas Instruments by 57.1% during the 4th quarter. Boussard & Gavaudan Investment Management LLP now owns 82,500 shares of the semiconductor company’s stock worth $15,507,000 after purchasing an additional 29,986 shares during the last quarter. Norges Bank acquired a new stake in shares of Texas Instruments in the fourth quarter valued at approximately $2,584,490,000. Caisse Des Depots ET Consignations purchased a new position in Texas Instruments during the fourth quarter worth approximately $453,000. Finally, LM Advisors LLC purchased a new position in Texas Instruments during the fourth quarter worth approximately $970,000. 84.99% of the stock is owned by institutional investors and hedge funds.

Texas Instruments Stock Performance

Shares of TXN stock opened at $176.33 on Friday. The firm has a 50 day moving average of $186.45 and a two-hundred day moving average of $194.71. The stock has a market capitalization of $160.45 billion, a PE ratio of 33.97, a P/E/G ratio of 3.30 and a beta of 0.98. 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 52 week low of $159.11 and a 52 week high of $220.39.

Texas Instruments (NASDAQ:TXN) last released its earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.10. Texas Instruments had a return on equity of 28.08% and a net margin of 30.68%. During the same period last year, the firm earned $1.49 earnings per share. On average, research analysts predict that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Friday, January 31st were paid a dividend of $1.36 per share. The ex-dividend date was Friday, January 31st. This represents a $5.44 dividend on an annualized basis and a dividend yield of 3.09%. Texas Instruments’s payout ratio is 104.82%.

Insider Activity at Texas Instruments

In other Texas Instruments news, Director Mark A. Blinn sold 590 shares of the firm’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $180.71, for a total value of $106,618.90. Following the sale, the director now directly owns 11,717 shares in the company, valued at $2,117,379.07. This trade represents a 4.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Richard K. Templeton sold 97,000 shares of the company’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $202.72, for a total value of $19,663,840.00. Following the transaction, the chairman now directly owns 409,089 shares of the company’s stock, valued at approximately $82,930,522.08. This represents a 19.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 297,655 shares of company stock valued at $59,841,304 over the last 90 days. 0.57% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Benchmark reaffirmed a “buy” rating and issued a $230.00 target price on shares of Texas Instruments in a research note on Friday, January 24th. Barclays reduced 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 research note on Friday, January 24th. Cantor Fitzgerald reissued a “neutral” rating and issued a $200.00 price target on shares of Texas Instruments in a research note on Friday, January 24th. Mizuho reduced 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. Finally, Wells Fargo & Company lowered their price objective on Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating for the company in a research report on Monday, January 13th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $209.20.

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.