Tredje AP fonden Takes Position in Texas Instruments Incorporated (NASDAQ:TXN)

Tredje AP fonden bought a new stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 122,000 shares of the semiconductor company’s stock, valued at approximately $22,876,000.

Other large investors have also recently modified their holdings of the company. Assenagon Asset Management S.A. boosted its stake in Texas Instruments by 948.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 4,794,646 shares of the semiconductor company’s stock worth $899,044,000 after acquiring an additional 4,337,295 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Texas Instruments by 11.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 21,487,468 shares of the semiconductor company’s stock worth $4,029,115,000 after acquiring an additional 2,237,035 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Texas Instruments during the fourth quarter worth about $295,665,000. Van ECK Associates Corp boosted its stake in Texas Instruments by 21.8% during the fourth quarter. Van ECK Associates Corp now owns 7,513,870 shares of the semiconductor company’s stock worth $1,408,925,000 after acquiring an additional 1,345,629 shares in the last quarter. Finally, Amundi boosted its stake in Texas Instruments by 23.4% during the fourth quarter. Amundi now owns 6,650,490 shares of the semiconductor company’s stock worth $1,274,633,000 after acquiring an additional 1,262,365 shares in the last quarter. Institutional investors own 84.99% of the company’s stock.

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, Director Mark A. Blinn sold 590 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $180.71, for a total transaction of $106,618.90. Following the completion of the sale, the director now directly owns 11,717 shares of the company’s stock, valued at approximately $2,117,379.07. This represents a 4.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 transaction of $1,234,955.30. Following the sale, the director now directly owns 10,816 shares of the company’s stock, valued at approximately $2,202,353.92. This represents a 35.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 297,655 shares of company stock valued at $59,841,304. Insiders own 0.68% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on TXN shares. Cantor Fitzgerald reissued a “neutral” rating and set a $200.00 price objective on shares of Texas Instruments in a research note on Friday, January 24th. Benchmark reissued a “buy” rating and set a $230.00 price objective on shares of Texas Instruments in a research note on Friday, January 24th. Barclays dropped 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 research note on Friday, January 24th. Mizuho dropped their price objective on shares of Texas Instruments from $200.00 to $190.00 and set a “neutral” rating on the stock in a research note on Friday, January 24th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $250.00 target price on shares of Texas Instruments in a report on Tuesday, January 21st. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Texas Instruments has an average rating of “Hold” and a consensus target price of $209.20.

Texas Instruments Stock Down 0.9 %

TXN opened at $175.70 on Thursday. The company has a quick ratio of 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76. The firm has a 50 day moving average price of $189.16 and a 200-day moving average price of $196.85. Texas Instruments Incorporated has a twelve month low of $159.11 and a twelve month high of $220.38. The stock has a market capitalization of $159.87 billion, a price-to-earnings ratio of 33.85, a PEG ratio of 3.30 and a beta of 0.98.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings data on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share for the quarter, beating the consensus estimate 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. Equities research analysts forecast that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st were issued 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 yield of 3.10%. Texas Instruments’s dividend payout ratio is currently 104.82%.

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.