Pictet Asset Management Holding SA Raises Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Pictet Asset Management Holding SA lifted its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 13.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 563,579 shares of the semiconductor company’s stock after purchasing an additional 67,416 shares during the period. Pictet Asset Management Holding SA’s holdings in Texas Instruments were worth $105,677,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in TXN. HF Advisory Group LLC boosted its holdings in Texas Instruments by 0.6% in the fourth quarter. HF Advisory Group LLC now owns 8,544 shares of the semiconductor company’s stock valued at $1,602,000 after purchasing an additional 52 shares during the last quarter. Blossom Wealth Management raised its position in shares of Texas Instruments by 5.1% in the 4th quarter. Blossom Wealth Management now owns 1,137 shares of the semiconductor company’s stock valued at $213,000 after purchasing an additional 55 shares in the last quarter. OLD Second National Bank of Aurora boosted its stake in shares of Texas Instruments by 11.1% during the 4th quarter. OLD Second National Bank of Aurora now owns 572 shares of the semiconductor company’s stock valued at $107,000 after buying an additional 57 shares during the last quarter. Avitas Wealth Management LLC grew its position in shares of Texas Instruments by 0.5% during the fourth quarter. Avitas Wealth Management LLC now owns 10,835 shares of the semiconductor company’s stock worth $2,032,000 after buying an additional 59 shares in the last quarter. Finally, Augustine Asset Management Inc. increased its stake in shares of Texas Instruments by 5.2% in the fourth quarter. Augustine Asset Management Inc. now owns 1,204 shares of the semiconductor company’s stock worth $226,000 after buying an additional 60 shares during the last quarter. 84.99% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Cantor Fitzgerald reiterated a “neutral” rating and set a $200.00 price objective on shares of Texas Instruments in a research note on Friday, January 24th. Benchmark reaffirmed a “buy” rating and set a $230.00 price target on shares of Texas Instruments in a research report on Friday, January 24th. Mizuho lowered their price objective on Texas Instruments from $200.00 to $190.00 and set a “neutral” rating for the company in a report on Friday, January 24th. Rosenblatt Securities reaffirmed a “buy” rating and set a $250.00 target price on shares of Texas Instruments in a report on Tuesday, January 21st. Finally, Barclays lowered their price target on Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating for the company in a report on Friday, January 24th. Two 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’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $209.20.

Texas Instruments Stock Performance

TXN opened at $176.33 on Friday. The company has a current ratio of 4.12, a quick ratio of 2.88 and a debt-to-equity ratio of 0.76. The business’s 50 day moving average is $186.45 and its 200-day moving average is $194.71. The stock has a market cap of $160.45 billion, a PE ratio of 33.97, a price-to-earnings-growth ratio of 3.30 and a beta of 0.98. Texas Instruments Incorporated has a twelve month low of $159.11 and a twelve month high of $220.39.

Texas Instruments (NASDAQ:TXN) last announced 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 prior year, the company posted $1.49 EPS. On average, analysts predict that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Friday, January 31st were given a $1.36 dividend. The ex-dividend date of this dividend was Friday, January 31st. This represents a $5.44 dividend on an annualized basis and a yield of 3.09%. Texas Instruments’s dividend payout ratio is presently 104.82%.

Insider Activity at Texas Instruments

In other news, Chairman Richard K. Templeton sold 97,000 shares of the company’s stock in a transaction on 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 sale, the chairman now owns 409,089 shares in the company, valued at $80,872,804.41. This represents a 19.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Mark A. Blinn sold 590 shares of Texas Instruments stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $180.71, for a total value of $106,618.90. Following the transaction, the director now directly owns 11,717 shares in the company, valued at approximately $2,117,379.07. The trade was a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 297,655 shares of company stock worth $59,841,304 in the last 90 days. Corporate insiders own 0.57% of the company’s stock.

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.