Texas Instruments Incorporated (NASDAQ:TXN) Shares Acquired by Clearbridge Investments LLC

Clearbridge Investments LLC boosted its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 12.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,161,171 shares of the semiconductor company’s stock after purchasing an additional 132,754 shares during the quarter. Clearbridge Investments LLC owned approximately 0.13% of Texas Instruments worth $217,721,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. California Public Employees Retirement System lifted its holdings in shares of Texas Instruments by 13.3% during the 4th quarter. California Public Employees Retirement System now owns 4,637,188 shares of the semiconductor company’s stock worth $869,519,000 after acquiring an additional 544,104 shares during the period. Life Planning Partners Inc purchased a new position in Texas Instruments during the fourth quarter worth approximately $5,274,000. RWA Wealth Partners LLC raised its position in shares of Texas Instruments by 0.9% in the 4th quarter. RWA Wealth Partners LLC now owns 19,751 shares of the semiconductor company’s stock worth $3,703,000 after buying an additional 185 shares during the period. Summit Securities Group LLC purchased a new position in shares of Texas Instruments in the 4th quarter worth about $27,000. Finally, Schroder Investment Management Group raised its holdings in Texas Instruments by 1.9% in the fourth quarter. Schroder Investment Management Group now owns 3,219,198 shares of the semiconductor company’s stock valued at $603,632,000 after buying an additional 60,655 shares during the period. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, Chairman Richard K. Templeton sold 97,000 shares of Texas Instruments stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $197.69, for a total value of $19,175,930.00. Following the completion of the transaction, the chairman now directly owns 409,089 shares in the company, valued at $80,872,804.41. The trade was a 19.17 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Janet F. Clark sold 6,065 shares of the company’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 transaction, the director now directly owns 10,816 shares of the company’s stock, valued at $2,202,353.92. This trade represents a 35.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 297,655 shares of company stock worth $59,841,304 over the last 90 days. Insiders own 0.57% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on TXN. Barclays dropped their price objective on shares of Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating for the company in a research report on Friday, January 24th. Truist Financial reduced their price objective on Texas Instruments from $199.00 to $195.00 and set a “hold” rating on the stock in a research note on Friday, January 24th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $200.00 target price on shares of Texas Instruments in a research note on Friday, January 24th. Rosenblatt Securities reiterated a “buy” rating and set a $250.00 target price on shares of Texas Instruments in a report on Tuesday, January 21st. Finally, Wells Fargo & Company decreased their price target on Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $209.20.

Texas Instruments Stock Performance

Shares of TXN stock opened at $176.33 on Monday. The stock has a market capitalization of $160.45 billion, a price-to-earnings ratio of 33.97, a PEG ratio of 3.30 and a beta of 0.98. Texas Instruments Incorporated has a one year low of $159.11 and a one year high of $220.39. The company’s 50-day simple moving average is $186.45 and its 200-day simple moving average is $194.62. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.88 and a current ratio of 4.12.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate 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 quarter in the previous year, the company earned $1.49 EPS. Equities analysts anticipate that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

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

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.