Ipsen Advisor Group LLC Makes New Investment in Texas Instruments Incorporated (NASDAQ:TXN)

Ipsen Advisor Group LLC purchased a new stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 3,479 shares of the semiconductor company’s stock, valued at approximately $652,000.

Several other institutional investors also recently modified their holdings of the business. Assenagon Asset Management S.A. raised its holdings in Texas Instruments by 948.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 4,794,646 shares of the semiconductor company’s stock worth $899,044,000 after purchasing an additional 4,337,295 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Texas Instruments by 11.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 21,487,468 shares of the semiconductor company’s stock valued at $4,029,115,000 after buying an additional 2,237,035 shares during the period. Raymond James Financial Inc. bought a new stake in Texas Instruments during the fourth quarter valued at $295,665,000. Van ECK Associates Corp lifted its stake in Texas Instruments by 21.8% in the fourth quarter. Van ECK Associates Corp now owns 7,513,870 shares of the semiconductor company’s stock valued at $1,408,925,000 after buying an additional 1,345,629 shares during the period. Finally, Amundi increased its stake in shares of Texas Instruments by 23.4% in the 4th quarter. Amundi now owns 6,650,490 shares of the semiconductor company’s stock valued at $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 Activity

In other news, Director Mark A. Blinn sold 590 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $180.71, for a total value 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 trade represents a 4.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Richard K. Templeton sold 97,000 shares of the business’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $202.72, for a total transaction of $19,663,840.00. Following the transaction, the chairman now owns 409,089 shares in the company, valued at $82,930,522.08. This represents a 19.17 % decrease in their position. 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 0.57% of the company’s stock.

Texas Instruments Trading Down 0.8 %

TXN stock opened at $183.97 on Wednesday. Texas Instruments Incorporated has a one year low of $159.11 and a one year high of $220.39. The company has a market capitalization of $167.40 billion, a PE ratio of 35.45, a price-to-earnings-growth ratio of 3.30 and a beta of 0.98. The company’s 50 day moving average price is $187.16 and its two-hundred day moving average price is $195.06. 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 issued its earnings results 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 return on equity of 28.08% and a net margin of 30.68%. During the same quarter in the previous year, the firm posted $1.49 earnings per share. As a group, analysts predict that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st were given a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.96%. The ex-dividend date of this dividend was Friday, January 31st. Texas Instruments’s payout ratio is 104.82%.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Wells Fargo & Company reduced their price target on shares of Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. Benchmark reissued a “buy” rating and issued a $230.00 price objective on shares of Texas Instruments in a research note on Friday, January 24th. Barclays lowered their target price on Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating on the stock in a research report on Friday, January 24th. Truist Financial reduced their price target on shares of Texas Instruments from $199.00 to $195.00 and set a “hold” rating for the company in a research report on Friday, January 24th. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $200.00 price objective on shares of Texas Instruments in a research note on Friday, January 24th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $209.20.

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.