MetLife Investment Management LLC Has $46.18 Million Position in Texas Instruments Incorporated (NASDAQ:TXN)

MetLife Investment Management LLC increased its position in Texas Instruments Incorporated (NASDAQ:TXN) by 1.6% during the fourth quarter, Holdings Channel reports. The firm owned 246,271 shares of the semiconductor company’s stock after buying an additional 3,884 shares during the quarter. MetLife Investment Management LLC’s holdings in Texas Instruments were worth $46,178,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Norinchukin Bank The lifted its stake in shares of Texas Instruments by 4.6% during the 4th quarter. Norinchukin Bank The now owns 293,854 shares of the semiconductor company’s stock worth $55,101,000 after buying an additional 13,054 shares during the last quarter. Ossiam raised its holdings in Texas Instruments by 605.1% in the 4th quarter. Ossiam now owns 694,052 shares of the semiconductor company’s stock valued at $130,142,000 after acquiring an additional 595,624 shares during the period. Beck Mack & Oliver LLC acquired a new stake in Texas Instruments during the fourth quarter worth approximately $230,000. Capital International Inc. CA boosted its holdings in shares of Texas Instruments by 92.4% during the fourth quarter. Capital International Inc. CA now owns 76,952 shares of the semiconductor company’s stock worth $14,429,000 after acquiring an additional 36,948 shares during the period. Finally, Elevatus Welath Management acquired a new position in shares of Texas Instruments in the fourth quarter valued at approximately $260,000. Institutional investors own 84.99% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on TXN. Citigroup reduced their price target on Texas Instruments from $235.00 to $210.00 and set a “buy” rating for the company in a research note on Friday, April 11th. Baird R W raised shares of Texas Instruments from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 7th. Stifel Nicolaus dropped their price objective on shares of Texas Instruments from $200.00 to $160.00 and set a “hold” rating for the company in a research note on Thursday. Robert W. Baird upgraded 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 report on Monday, April 7th. Finally, UBS Group cut their price target on Texas Instruments from $250.00 to $225.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $206.86.

Texas Instruments Stock Up 1.2 %

Shares of NASDAQ TXN opened at $148.34 on Friday. The company has a 50 day simple moving average of $177.08 and a 200 day simple moving average of $189.39. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.12 and a quick ratio of 2.88. Texas Instruments Incorporated has a 1 year low of $139.95 and a 1 year high of $220.39. The firm has a market cap of $134.97 billion, a PE ratio of 28.58, a price-to-earnings-growth ratio of 3.30 and a beta of 0.99.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 EPS for the quarter, topping 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 last year, the firm earned $1.49 EPS. On average, research analysts forecast that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 13th. Stockholders of record on Wednesday, April 30th will be given a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a dividend yield of 3.67%. Texas Instruments’s dividend payout ratio (DPR) is 104.82%.

Insider Buying and Selling

In other Texas Instruments news, Director Janet F. Clark sold 6,065 shares of the company’s stock in a transaction 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 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Richard K. Templeton sold 97,000 shares of Texas Instruments stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $197.69, for a total value of $19,175,930.00. Following the completion of the transaction, the chairman now directly owns 409,089 shares of the company’s stock, valued at approximately $80,872,804.41. This trade represents a 19.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 297,655 shares of company stock valued at $59,841,304 over the last ninety days. 0.57% of the stock is owned by company insiders.

About Texas Instruments

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.