ING Groep NV Grows Position in Texas Instruments Incorporated (NASDAQ:TXN)

ING Groep NV increased its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 59.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 288,085 shares of the semiconductor company’s stock after purchasing an additional 106,941 shares during the period. ING Groep NV’s holdings in Texas Instruments were worth $54,019,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Financial Life Planners purchased a new stake in Texas Instruments in the 4th quarter valued at about $26,000. Retirement Wealth Solutions LLC purchased a new stake in Texas Instruments in the 4th quarter valued at about $27,000. MidAtlantic Capital Management Inc. purchased a new stake in Texas Instruments in the 3rd quarter valued at about $28,000. Capital Performance Advisors LLP purchased a new stake in Texas Instruments in the 3rd quarter valued at about $39,000. Finally, FSA Wealth Management LLC purchased a new stake in Texas Instruments in the 3rd quarter valued at about $41,000. 84.99% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Texas Instruments

In other Texas Instruments news, Director Ronald Kirk sold 10,539 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $203.33, for a total value of $2,142,894.87. Following the completion of the transaction, the director now owns 14,323 shares in the company, valued at approximately $2,912,295.59. This represents a 42.39 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Mark A. Blinn sold 590 shares of the company’s stock in a transaction dated 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 owns 11,717 shares of the company’s stock, valued at approximately $2,117,379.07. This trade represents a 4.79 % decrease in their position. The disclosure for this sale can be found here. 0.68% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

TXN has been the topic of a number of recent research reports. Robert W. Baird dropped their price objective on shares of Texas Instruments from $200.00 to $175.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 23rd. Barclays cut their price objective 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. Truist Financial cut their price objective on shares of Texas Instruments from $199.00 to $195.00 and set a “hold” rating on the stock in a report on Friday, January 24th. Evercore ISI lifted their price objective on shares of Texas Instruments from $268.00 to $298.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Finally, Bank of America cut their price objective on shares of Texas Instruments from $220.00 to $215.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $209.20.

Texas Instruments Trading Up 5.3 %

NASDAQ:TXN opened at $196.32 on Thursday. Texas Instruments Incorporated has a 12 month low of $159.11 and a 12 month high of $220.38. The firm has a fifty day simple moving average of $187.99 and a 200-day simple moving average of $197.23. The company has a current ratio of 4.12, a quick ratio of 2.88 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $179.09 billion, a P/E ratio of 37.83, a PEG ratio of 3.02 and a beta of 0.97.

Texas Instruments (NASDAQ:TXN) last posted 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 net margin of 30.68% and a return on equity of 28.08%. During the same quarter in the prior year, the firm earned $1.49 earnings per share. On average, equities research analysts anticipate that Texas Instruments Incorporated will post 5.35 earnings per share for the current 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 given a dividend of $1.36 per share. The ex-dividend date of this dividend was Friday, January 31st. This represents a $5.44 dividend on an annualized basis and a yield of 2.77%. Texas Instruments’s dividend payout ratio is presently 104.82%.

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.