Capital International Investors Buys 1,080,782 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Capital International Investors raised its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 26.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,194,675 shares of the semiconductor company’s stock after buying an additional 1,080,782 shares during the period. Capital International Investors owned about 0.57% of Texas Instruments worth $974,054,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in TXN. Fiduciary Alliance LLC grew its position in Texas Instruments by 25.3% during the fourth quarter. Fiduciary Alliance LLC now owns 36,801 shares of the semiconductor company’s stock valued at $6,901,000 after acquiring an additional 7,424 shares during the last quarter. Ameritas Advisory Services LLC boosted its stake in shares of Texas Instruments by 73.7% in the 4th quarter. Ameritas Advisory Services LLC now owns 8,739 shares of the semiconductor company’s stock valued at $1,639,000 after purchasing an additional 3,707 shares in the last quarter. HB Wealth Management LLC boosted its stake in shares of Texas Instruments by 4.4% in the 4th quarter. HB Wealth Management LLC now owns 99,856 shares of the semiconductor company’s stock valued at $18,724,000 after purchasing an additional 4,238 shares in the last quarter. Hamlin Capital Management LLC grew its holdings in shares of Texas Instruments by 9.2% during the 4th quarter. Hamlin Capital Management LLC now owns 871,623 shares of the semiconductor company’s stock valued at $163,438,000 after purchasing an additional 73,715 shares during the last quarter. Finally, Franklin Resources Inc. raised its position in Texas Instruments by 0.8% in the 3rd quarter. Franklin Resources Inc. now owns 7,025,965 shares of the semiconductor company’s stock worth $1,466,003,000 after purchasing an additional 55,690 shares during the period. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Texas Instruments Stock Performance

Shares of Texas Instruments stock opened at $148.34 on Friday. The business has a fifty day simple moving average of $177.08 and a two-hundred day simple moving average of $189.48. The firm has a market capitalization of $134.97 billion, a P/E ratio of 28.58, a P/E/G ratio of 3.30 and a beta of 0.99. The company has a current ratio of 4.12, a quick ratio of 2.88 and a debt-to-equity ratio of 0.76. Texas Instruments Incorporated has a 12 month low of $139.95 and a 12 month high of $220.39.

Texas Instruments (NASDAQ:TXN) last issued its quarterly 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 previous year, the company posted $1.49 earnings per share. On average, equities analysts forecast that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 13th. Investors of record on Wednesday, April 30th will be paid a $1.36 dividend. This represents a $5.44 annualized dividend and a dividend yield of 3.67%. Texas Instruments’s payout ratio is currently 104.82%.

Insider Activity at Texas Instruments

In other Texas Instruments news, Director Janet F. Clark sold 6,065 shares of the firm’s stock in a transaction dated 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 completion of the sale, the director now directly owns 10,816 shares in the company, valued at approximately $2,202,353.92. This trade represents a 35.93 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 completion of the transaction, the director now owns 11,717 shares in the company, valued at approximately $2,117,379.07. This represents a 4.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 297,655 shares of company stock valued at $59,841,304 in the last 90 days. Corporate insiders own 0.57% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on TXN shares. Benchmark reaffirmed a “buy” rating and set a $230.00 price objective on shares of Texas Instruments in a research note on Friday, January 24th. Mizuho reduced their price target on Texas Instruments from $200.00 to $190.00 and set a “neutral” rating on the stock in a research report on Friday, January 24th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $200.00 price objective on shares of Texas Instruments in a research report on Friday, January 24th. Rosenblatt Securities restated a “buy” rating and issued a $250.00 target price on shares of Texas Instruments in a report on Tuesday, January 21st. Finally, Robert W. Baird raised shares of Texas Instruments from a “neutral” rating to an “outperform” rating and set a $175.00 target price on the stock in a research note on Monday, April 7th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Texas Instruments currently has a consensus rating of “Hold” and an average target price of $206.86.

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.