National Pension Service Grows Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

National Pension Service raised its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 2.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,532,198 shares of the semiconductor company’s stock after purchasing an additional 30,117 shares during the quarter. National Pension Service’s holdings in Texas Instruments were worth $261,178,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the stock. Field & Main Bank raised its holdings in shares of Texas Instruments by 10.4% during the fourth quarter. Field & Main Bank now owns 693 shares of the semiconductor company’s stock valued at $118,000 after buying an additional 65 shares during the last quarter. Howard Financial Services LTD. boosted its stake in shares of Texas Instruments by 3.1% during the 4th quarter. Howard Financial Services LTD. now owns 2,177 shares of the semiconductor company’s stock worth $371,000 after acquiring an additional 66 shares in the last quarter. Sandy Spring Bank increased its stake in Texas Instruments by 3.5% in the 4th quarter. Sandy Spring Bank now owns 1,934 shares of the semiconductor company’s stock worth $330,000 after purchasing an additional 66 shares in the last quarter. Harbour Investments Inc. increased its position in shares of Texas Instruments by 2.1% in the third quarter. Harbour Investments Inc. now owns 3,197 shares of the semiconductor company’s stock worth $508,000 after acquiring an additional 67 shares in the last quarter. Finally, Pinnacle Financial Partners Inc lifted its position in shares of Texas Instruments by 0.5% in the 3rd quarter. Pinnacle Financial Partners Inc now owns 12,470 shares of the semiconductor company’s stock valued at $1,983,000 after acquiring an additional 68 shares in the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.

Insiders Place Their Bets

In other news, Director Pamela H. Patsley sold 9,990 shares of the stock in a transaction on Monday, April 29th. The stock was sold at an average price of $179.12, for a total transaction of $1,789,408.80. Following the sale, the director now owns 33,348 shares in the company, valued at $5,973,293.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Chairman Richard K. Templeton sold 104,000 shares of the company’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $178.68, for a total transaction of $18,582,720.00. Following the transaction, the chairman now owns 403,851 shares of the company’s stock, valued at $72,160,096.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Pamela H. Patsley sold 9,990 shares of Texas Instruments stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $179.12, for a total value of $1,789,408.80. Following the completion of the sale, the director now owns 33,348 shares of the company’s stock, valued at $5,973,293.76. The disclosure for this sale can be found here. Insiders sold 328,969 shares of company stock worth $58,427,984 over the last three months. 0.68% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on TXN shares. Oppenheimer reiterated a “market perform” rating on shares of Texas Instruments in a report on Wednesday, April 24th. KeyCorp increased their price objective on Texas Instruments from $180.00 to $200.00 and gave the stock an “overweight” rating in a report on Wednesday, January 24th. Barclays cut their price target on Texas Instruments from $160.00 to $150.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 24th. Rosenblatt Securities restated a “buy” rating and issued a $210.00 price objective on shares of Texas Instruments in a report on Wednesday, April 24th. Finally, UBS Group upgraded shares of Texas Instruments from a “neutral” rating to a “buy” rating and increased their price target for the stock from $170.00 to $195.00 in a research note on Friday, January 19th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $180.74.

Texas Instruments Stock Performance

TXN stock traded up $0.62 during midday trading on Thursday, hitting $184.57. The stock had a trading volume of 1,247,561 shares, compared to its average volume of 5,602,061. Texas Instruments Incorporated has a 52 week low of $139.48 and a 52 week high of $188.12. The firm has a market capitalization of $168.05 billion, a price-to-earnings ratio of 28.70, a P/E/G ratio of 3.81 and a beta of 1.01. The company has a current ratio of 4.91, a quick ratio of 3.76 and a debt-to-equity ratio of 0.76. The stock has a 50-day simple moving average of $171.38 and a 200 day simple moving average of $163.58.

Texas Instruments (NASDAQ:TXN) last posted its earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. The business had revenue of $3.66 billion for the quarter, compared to analysts’ expectations of $3.61 billion. Texas Instruments had a net margin of 35.16% and a return on equity of 35.28%. The firm’s revenue for the quarter was down 16.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.85 earnings per share. As a group, equities research analysts anticipate that Texas Instruments Incorporated will post 5.21 earnings per share for the current year.

Texas Instruments Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 21st. Shareholders of record on Wednesday, May 8th will be given a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date is Tuesday, May 7th. Texas Instruments’s dividend payout ratio (DPR) is 81.12%.

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.