Texas Instruments Incorporated $TXN Shares Acquired by iA Global Asset Management Inc.

iA Global Asset Management Inc. boosted its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 4.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 106,137 shares of the semiconductor company’s stock after purchasing an additional 4,150 shares during the quarter. iA Global Asset Management Inc.’s holdings in Texas Instruments were worth $19,501,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Texas Instruments during the second quarter worth about $2,836,310,000. Soundwatch Capital LLC lifted its position in Texas Instruments by 174,339.6% during the 2nd quarter. Soundwatch Capital LLC now owns 2,974,196 shares of the semiconductor company’s stock worth $617,503,000 after acquiring an additional 2,972,491 shares during the period. Vanguard Group Inc. grew its stake in shares of Texas Instruments by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 95,447,320 shares of the semiconductor company’s stock valued at $19,816,773,000 after purchasing an additional 1,426,360 shares during the last quarter. Corient Private Wealth LLC increased its holdings in shares of Texas Instruments by 94.9% in the second quarter. Corient Private Wealth LLC now owns 2,517,451 shares of the semiconductor company’s stock valued at $522,559,000 after purchasing an additional 1,225,524 shares during the period. Finally, State Street Corp raised its stake in shares of Texas Instruments by 2.6% during the second quarter. State Street Corp now owns 43,325,014 shares of the semiconductor company’s stock worth $8,995,139,000 after purchasing an additional 1,084,364 shares during the last quarter. 84.99% of the stock is owned by hedge funds and other institutional investors.

Texas Instruments Stock Up 0.3%

TXN stock opened at $194.99 on Friday. The company has a current ratio of 4.45, a quick ratio of 2.90 and a debt-to-equity ratio of 0.81. The company’s 50-day moving average price is $177.14 and its 200 day moving average price is $183.22. Texas Instruments Incorporated has a 52 week low of $139.95 and a 52 week high of $221.69. The company has a market cap of $177.17 billion, a P/E ratio of 35.65, a P/E/G ratio of 3.09 and a beta of 1.00.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results on Tuesday, October 21st. The semiconductor company reported $1.48 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.48. The company had revenue of $4.74 billion during the quarter, compared to the consensus estimate of $4.65 billion. Texas Instruments had a net margin of 29.21% and a return on equity of 30.41%. The company’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same period last year, the firm earned $1.44 EPS. On average, research analysts expect that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 10th. Investors of record on Friday, January 30th will be issued a dividend of $1.42 per share. The ex-dividend date of this dividend is Friday, January 30th. This represents a $5.68 annualized dividend and a yield of 2.9%. Texas Instruments’s payout ratio is currently 103.84%.

Insiders Place Their Bets

In other Texas Instruments news, VP Christine Witzsche sold 1,000 shares of the company’s stock in a transaction on Thursday, November 13th. The stock was sold at an average price of $164.31, for a total value of $164,310.00. Following the sale, the vice president owned 20,821 shares of the company’s stock, valued at approximately $3,421,098.51. This represents a 4.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ronald Kirk sold 9,990 shares of the firm’s stock in a transaction on Monday, November 24th. The shares were sold at an average price of $162.33, for a total value of $1,621,676.70. Following the completion of the transaction, the director owned 14,937 shares of the company’s stock, valued at approximately $2,424,723.21. This represents a 40.08% decrease in their position. The SEC filing for this sale provides additional information. 0.57% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

TXN has been the topic of a number of analyst reports. Exane BNP Paribas upgraded shares of Texas Instruments to a “neutral” rating in a research report on Thursday. Rosenblatt Securities lowered their target price on shares of Texas Instruments from $245.00 to $200.00 and set a “buy” rating on the stock in a report on Wednesday, October 22nd. Bank of America lowered shares of Texas Instruments from a “neutral” rating to an “underperform” rating and dropped their price target for the stock from $208.00 to $190.00 in a research note on Monday, October 13th. Wells Fargo & Company raised their price objective on shares of Texas Instruments from $170.00 to $185.00 and gave the company an “equal weight” rating in a research report on Thursday, January 15th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and set a $190.00 target price on shares of Texas Instruments in a research report on Tuesday, December 16th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have given a Hold rating and six have given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $195.12.

Texas Instruments Company Profile

Texas Instruments Inc (NASDAQ: TXN) is a global semiconductor company headquartered in Dallas, Texas, that designs and manufactures analog and embedded processing chips. The company’s products are used across a wide range of end markets, including industrial, automotive, personal electronics, communications and enterprise equipment. TI’s business emphasizes components that condition, convert, manage and move electrical signals—capabilities that are foundational to modern electronic systems.

TI’s product portfolio includes a broad array of analog integrated circuits—such as power management, amplifiers, data converters and interface devices—as well as embedded processors and microcontrollers used to control systems and run real-time applications.