Asset Management One Co. Ltd. Acquires 21,261 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Asset Management One Co. Ltd. raised its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 6.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 376,138 shares of the semiconductor company’s stock after acquiring an additional 21,261 shares during the period. Asset Management One Co. Ltd.’s holdings in Texas Instruments were worth $71,910,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in TXN. Fiduciary Alliance LLC grew its stake in shares of Texas Instruments by 25.3% during the 4th 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 period. Townsquare Capital LLC lifted its holdings in Texas Instruments by 5.9% during the third quarter. Townsquare Capital LLC now owns 93,689 shares of the semiconductor company’s stock valued at $19,353,000 after purchasing an additional 5,201 shares in the last quarter. Ameritas Advisory Services LLC boosted its position in shares of Texas Instruments by 73.7% in the fourth quarter. Ameritas Advisory Services LLC now owns 8,739 shares of the semiconductor company’s stock worth $1,639,000 after purchasing an additional 3,707 shares during the period. HB Wealth Management LLC increased its stake in shares of Texas Instruments by 4.4% in the fourth quarter. HB Wealth Management LLC now owns 99,856 shares of the semiconductor company’s stock worth $18,724,000 after purchasing an additional 4,238 shares in the last quarter. Finally, Swiss National Bank raised its position in shares of Texas Instruments by 0.3% during the 3rd quarter. Swiss National Bank now owns 2,702,500 shares of the semiconductor company’s stock valued at $558,255,000 after purchasing an additional 8,100 shares during the period. 84.99% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on TXN shares. Truist Financial cut their price target on Texas Instruments from $199.00 to $195.00 and set a “hold” rating for the company in a research note on Friday, January 24th. Mizuho cut their target price on Texas Instruments from $200.00 to $190.00 and set a “neutral” rating for the company in a research report on Friday, January 24th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $200.00 price objective on shares of Texas Instruments in a report on Friday, January 24th. Bank of America reduced their price objective on shares of Texas Instruments from $220.00 to $215.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 23rd. Finally, Benchmark restated a “buy” rating and set a $230.00 target price on shares of Texas Instruments in a research report on Friday, January 24th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $209.20.

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, Director Mark A. Blinn sold 590 shares of the stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $180.71, for a total value of $106,618.90. Following the sale, the director now owns 11,717 shares in the company, valued at $2,117,379.07. This trade represents a 4.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Ronald Kirk sold 10,539 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $203.33, for a total transaction of $2,142,894.87. Following the sale, the director now directly owns 14,323 shares of the company’s stock, valued at $2,912,295.59. This represents a 42.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.68% of the company’s stock.

Texas Instruments Stock Performance

NASDAQ TXN opened at $180.80 on Friday. The business’s 50 day moving average price is $188.63 and its 200-day moving average price is $197.63. Texas Instruments Incorporated has a fifty-two week low of $156.57 and a fifty-two week high of $220.38. The company has a market cap of $164.93 billion, a P/E ratio of 34.84, a P/E/G ratio of 2.95 and a beta of 0.97. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.88 and a current ratio of 4.12.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share 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 business earned $1.49 EPS. Sell-side analysts predict that Texas Instruments Incorporated will post 5.38 earnings per share for the current year.

Texas Instruments Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st were paid a $1.36 dividend. This represents a $5.44 annualized dividend and a yield of 3.01%. 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.