World Investment Advisors Grows Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

World Investment Advisors lifted its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 34.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,399 shares of the semiconductor company’s stock after buying an additional 2,406 shares during the quarter. World Investment Advisors’ holdings in Texas Instruments were worth $1,762,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of TXN. RFG Bristol Wealth Advisors LLC purchased a new position in Texas Instruments during the fourth quarter worth about $1,889,000. Meeder Advisory Services Inc. boosted its position in shares of Texas Instruments by 1.4% in the fourth quarter. Meeder Advisory Services Inc. now owns 12,137 shares of the semiconductor company’s stock worth $2,276,000 after acquiring an additional 166 shares during the last quarter. OV Management LLC boosted its position in shares of Texas Instruments by 7.0% in the fourth quarter. OV Management LLC now owns 18,744 shares of the semiconductor company’s stock worth $3,515,000 after acquiring an additional 1,219 shares during the last quarter. Trexquant Investment LP increased its position in Texas Instruments by 59.7% during the fourth quarter. Trexquant Investment LP now owns 9,494 shares of the semiconductor company’s stock worth $1,780,000 after purchasing an additional 3,549 shares during the last quarter. Finally, May Hill Capital LLC acquired a new position in Texas Instruments during the fourth quarter worth approximately $667,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on TXN. 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. Mizuho dropped their price target on Texas Instruments from $200.00 to $190.00 and set a “neutral” rating for the company in a research note on Friday, January 24th. Benchmark restated a “buy” rating and issued a $230.00 price objective on shares of Texas Instruments in a report on Friday, January 24th. Truist Financial decreased their target price on Texas Instruments from $199.00 to $195.00 and set a “hold” rating for the company in a report on Friday, January 24th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $250.00 price target on shares of Texas Instruments in a report on Tuesday, January 21st. 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. Based on data from MarketBeat, Texas Instruments has a consensus rating of “Hold” and a consensus price target of $209.20.

Insider Activity

In related news, Director Mark A. Blinn sold 590 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $180.71, for a total transaction of $106,618.90. Following 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Richard K. Templeton sold 97,000 shares of Texas Instruments stock in a transaction on Friday, February 21st. The stock was sold at an average price of $202.72, for a total transaction of $19,663,840.00. Following the completion of 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 position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 297,655 shares of company stock worth $59,841,304. 0.57% of the stock is currently owned by corporate insiders.

Texas Instruments Trading Down 7.8 %

Shares of TXN opened at $151.39 on Friday. Texas Instruments Incorporated has a one year low of $150.96 and a one year high of $220.39. The stock has a 50-day moving average price of $184.06 and a 200 day moving average price of $193.65. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.88 and a current ratio of 4.12. The company has a market capitalization of $137.75 billion, a P/E ratio of 29.17, a P/E/G ratio of 3.30 and a beta of 0.99.

Texas Instruments (NASDAQ:TXN) last released its earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 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 posted $1.49 earnings per share. Sell-side analysts forecast that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st were given a $1.36 dividend. This represents a $5.44 annualized dividend and a dividend yield of 3.59%. The ex-dividend date was Friday, January 31st. Texas Instruments’s 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.