Texas Instruments Incorporated (NASDAQ:TXN) Shares Acquired by Artisan Partners Limited Partnership

Artisan Partners Limited Partnership lifted its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 4.2% in the 4th quarter, Holdings Channel reports. The firm owned 627,292 shares of the semiconductor company’s stock after purchasing an additional 25,199 shares during the quarter. Artisan Partners Limited Partnership’s holdings in Texas Instruments were worth $117,624,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Promus Capital LLC acquired a new stake in Texas Instruments in the fourth quarter valued at $25,000. Financial Life Planners purchased a new stake in shares of Texas Instruments in the 4th quarter worth about $26,000. Retirement Wealth Solutions LLC acquired a new stake in Texas Instruments in the 4th quarter valued at about $27,000. Kohmann Bosshard Financial Services LLC purchased a new position in Texas Instruments during the 4th quarter valued at about $28,000. Finally, Atala Financial Inc acquired a new position in Texas Instruments during the fourth quarter worth about $37,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Insiders Place Their Bets

In other news, Director Janet F. Clark sold 6,065 shares of Texas Instruments stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $203.62, for a total transaction of $1,234,955.30. Following the sale, the director now directly owns 10,816 shares of the company’s stock, valued at approximately $2,202,353.92. The trade was a 35.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Richard K. Templeton sold 97,000 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $202.72, for a total value 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 $82,930,522.08. This represents a 19.17 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 297,655 shares of company stock worth $59,841,304 over the last quarter. 0.57% of the stock is owned by corporate insiders.

Analyst Ratings Changes

TXN has been the subject of several research reports. Benchmark restated a “buy” rating and set a $230.00 price objective on shares of Texas Instruments in a research report on Friday, January 24th. 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 report on Friday, January 24th. Wells Fargo & Company decreased their price objective on Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating on the stock in a research note on Monday, January 13th. Cantor Fitzgerald reissued a “neutral” rating and issued a $200.00 target price on shares of Texas Instruments in a research note on Friday, January 24th. Finally, Mizuho decreased their price target on shares of Texas Instruments from $200.00 to $190.00 and set a “neutral” rating on the stock 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, the stock has a consensus rating of “Hold” and a consensus target price of $209.20.

Texas Instruments Stock Performance

NASDAQ TXN opened at $180.76 on Friday. 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 $159.11 and a 1-year high of $220.39. The firm has a market capitalization of $164.48 billion, a P/E ratio of 34.83, a P/E/G ratio of 3.30 and a beta of 0.98. The business’s 50-day simple moving average is $186.77 and its 200-day simple moving average is $194.89.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings data on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate 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 prior year, the company earned $1.49 earnings per share. Equities analysts predict 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 was paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st were given a $1.36 dividend. This represents a $5.44 annualized dividend and a yield of 3.01%. The ex-dividend date of this dividend was Friday, January 31st. Texas Instruments’s dividend payout ratio (DPR) is presently 104.82%.

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.