Commonwealth Equity Services LLC Purchases 959 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Commonwealth Equity Services LLC boosted its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 0.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 214,777 shares of the semiconductor company’s stock after buying an additional 959 shares during the period. Commonwealth Equity Services LLC’s holdings in Texas Instruments were worth $36,611,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Morgan Stanley raised its position in shares of Texas Instruments by 14.2% during the 3rd quarter. Morgan Stanley now owns 14,154,358 shares of the semiconductor company’s stock valued at $2,250,685,000 after buying an additional 1,755,582 shares in the last quarter. California Public Employees Retirement System lifted its stake in Texas Instruments by 33.2% during the fourth quarter. California Public Employees Retirement System now owns 6,035,704 shares of the semiconductor company’s stock worth $1,028,846,000 after purchasing an additional 1,502,989 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Texas Instruments by 565.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,693,577 shares of the semiconductor company’s stock worth $288,687,000 after purchasing an additional 1,439,066 shares in the last quarter. Baillie Gifford & Co. increased its position in shares of Texas Instruments by 338.4% during the 4th quarter. Baillie Gifford & Co. now owns 1,795,191 shares of the semiconductor company’s stock valued at $306,008,000 after purchasing an additional 1,385,725 shares during the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC purchased a new position in shares of Texas Instruments during the 3rd quarter valued at about $196,135,000. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on TXN. Oppenheimer reaffirmed a “market perform” rating on shares of Texas Instruments in a research note on Wednesday, April 24th. JPMorgan Chase & Co. increased their target price on shares of Texas Instruments from $180.00 to $195.00 and gave the company an “overweight” rating in a report on Wednesday, April 24th. Stifel Nicolaus boosted their price target on shares of Texas Instruments from $160.00 to $172.00 and gave the stock a “hold” rating in a research note on Wednesday, April 24th. Robert W. Baird raised their price objective on Texas Instruments from $125.00 to $175.00 and gave the company a “neutral” rating in a research note on Thursday, April 25th. Finally, KeyCorp boosted their target price on Texas Instruments from $180.00 to $200.00 and gave the company an “overweight” rating in a research note on Wednesday, January 24th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $180.74.

Texas Instruments Stock Performance

Shares of TXN opened at $178.91 on Friday. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.91 and a quick ratio of 3.76. Texas Instruments Incorporated has a one year low of $139.48 and a one year high of $188.12. The company has a 50-day simple moving average of $170.68 and a two-hundred day simple moving average of $162.98. The firm has a market capitalization of $162.89 billion, a PE ratio of 27.91, a price-to-earnings-growth ratio of 3.81 and a beta of 1.01.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data on Tuesday, April 23rd. The semiconductor company reported $1.20 EPS for the quarter, topping the consensus estimate of $1.07 by $0.13. Texas Instruments had a net margin of 35.16% and a return on equity of 35.28%. The business had revenue of $3.66 billion during the quarter, compared to analyst estimates of $3.61 billion. During the same period last year, the business posted $1.85 earnings per share. Texas Instruments’s quarterly revenue was down 16.4% compared to the same quarter last year. On average, analysts anticipate that Texas Instruments Incorporated will post 5.21 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 21st. Shareholders of record on Wednesday, May 8th will be issued a $1.30 dividend. The ex-dividend date is Tuesday, May 7th. This represents a $5.20 annualized dividend and a yield of 2.91%. Texas Instruments’s dividend payout ratio (DPR) is presently 81.12%.

Insiders Place Their Bets

In other news, Director Pamela H. Patsley sold 9,990 shares of Texas Instruments stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $179.12, for a total transaction of $1,789,408.80. Following the completion of the transaction, the director now directly owns 33,348 shares in the company, valued at $5,973,293.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Robert E. Sanchez sold 10,539 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $174.97, for a total transaction of $1,844,008.83. Following the completion of the sale, the director now owns 20,461 shares of the company’s stock, valued at $3,580,061.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Pamela H. Patsley sold 9,990 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $179.12, for a total transaction of $1,789,408.80. Following the sale, the director now directly owns 33,348 shares of the company’s stock, valued at approximately $5,973,293.76. The disclosure for this sale can be found here. Insiders sold 228,529 shares of company stock worth $40,502,458 over the last three months. Company insiders own 0.68% of the company’s stock.

About Texas Instruments

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.