Guinness Asset Management LTD Acquires 50,668 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Guinness Asset Management LTD increased its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 5.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,018,305 shares of the semiconductor company’s stock after purchasing an additional 50,668 shares during the period. Texas Instruments makes up 3.6% of Guinness Asset Management LTD’s portfolio, making the stock its 15th biggest position. Guinness Asset Management LTD owned approximately 0.11% of Texas Instruments worth $190,944,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of TXN. MidAtlantic Capital Management Inc. acquired a new position in Texas Instruments in the 3rd quarter worth $28,000. Retirement Wealth Solutions LLC bought a new stake in shares of Texas Instruments in the fourth quarter valued at about $27,000. Tsfg LLC lifted its holdings in shares of Texas Instruments by 82.0% in the third quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock valued at $38,000 after purchasing an additional 82 shares in the last quarter. Capital Performance Advisors LLP acquired a new position in shares of Texas Instruments during the third quarter worth about $39,000. Finally, FSA Wealth Management LLC bought a new position in shares of Texas Instruments during the third quarter worth about $41,000. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Texas Instruments news, Director Robert E. Sanchez sold 9,990 shares of Texas Instruments stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $208.80, for a total transaction of $2,085,912.00. Following the completion of the transaction, the director now owns 20,461 shares in the company, valued at approximately $4,272,256.80. The trade was a 32.81 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ronald Kirk sold 10,539 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $203.33, for a total value of $2,142,894.87. Following the completion of the sale, the director now directly owns 14,323 shares of the company’s stock, valued at approximately $2,912,295.59. This trade represents a 42.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.68% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on TXN shares. Mizuho set a $200.00 price objective on Texas Instruments in a report on Friday, October 18th. Wells Fargo & Company lowered their target price on shares of Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. Truist Financial decreased their price objective on shares of Texas Instruments from $198.00 to $190.00 and set a “hold” rating for the company in a research report on Wednesday, October 23rd. Barclays lowered their price objective on shares of Texas Instruments from $210.00 to $200.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 23rd. Finally, Benchmark reiterated a “buy” rating and issued a $230.00 target price on shares of Texas Instruments in a research note on Wednesday, October 23rd. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $210.45.

Texas Instruments Stock Performance

Shares of TXN stock opened at $192.42 on Monday. The stock has a market capitalization of $175.53 billion, a PE ratio of 35.77, a PEG ratio of 3.69 and a beta of 0.98. The business’s 50 day simple moving average is $194.79 and its 200 day simple moving average is $199.65. The company has a debt-to-equity ratio of 0.74, a current ratio of 4.31 and a quick ratio of 3.14. Texas Instruments Incorporated has a one year low of $155.46 and a one year high of $220.38.

Texas Instruments (NASDAQ:TXN) last announced its earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, topping analysts’ consensus estimates of $1.38 by $0.09. Texas Instruments had a net margin of 31.60% and a return on equity of 29.05%. The business had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.12 billion. During the same quarter last year, the firm earned $1.80 earnings per share. Texas Instruments’s quarterly revenue was down 8.4% on a year-over-year basis. As a group, research analysts forecast that Texas Instruments Incorporated will post 5.08 earnings per share for the current year.

Texas Instruments Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st will be paid a $1.36 dividend. This represents a $5.44 annualized dividend and a yield of 2.83%. The ex-dividend date of this dividend is Friday, January 31st. Texas Instruments’s dividend payout ratio (DPR) is currently 101.12%.

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.