US Asset Management LLC Makes New Investment in Texas Instruments Incorporated (NASDAQ:TXN)

US Asset Management LLC bought a new position in Texas Instruments Incorporated (NASDAQ:TXN) during the 4th quarter, Holdings Channel reports. The institutional investor bought 6,698 shares of the semiconductor company’s stock, valued at approximately $1,142,000. Texas Instruments accounts for about 1.1% of US Asset Management LLC’s holdings, making the stock its 18th largest position.

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

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, Chairman Richard K. Templeton sold 104,000 shares of the company’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $178.68, for a total value of $18,582,720.00. Following the completion of the sale, the chairman now directly owns 403,851 shares of the company’s stock, valued at approximately $72,160,096.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Texas Instruments 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 value 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Richard K. Templeton sold 100,440 shares of the business’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $178.47, for a total value of $17,925,526.80. Following the sale, the chairman now directly owns 403,851 shares in the company, valued at $72,075,287.97. The disclosure for this sale can be found here. In the last ninety days, insiders sold 328,969 shares of company stock valued at $58,427,984. 0.68% of the stock is owned by corporate insiders.

Texas Instruments Stock Performance

NASDAQ:TXN traded up $1.49 during midday trading on Friday, reaching $186.81. 1,217,613 shares of the company traded hands, compared to its average volume of 5,604,032. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.91 and a quick ratio of 3.76. The firm has a market capitalization of $170.09 billion, a price-to-earnings ratio of 29.10, a price-to-earnings-growth ratio of 3.81 and a beta of 1.01. Texas Instruments Incorporated has a twelve month low of $139.48 and a twelve month high of $188.12. The company has a fifty day moving average price of $172.16 and a 200 day moving average price of $163.87.

Texas Instruments (NASDAQ:TXN) last announced its earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.13. The firm had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $3.61 billion. Texas Instruments had a return on equity of 35.28% and a net margin of 35.16%. 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 business earned $1.85 EPS. On average, analysts expect that Texas Instruments Incorporated will post 5.21 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 21st. Investors of record on Wednesday, May 8th will be issued a dividend of $1.30 per share. The ex-dividend date is Tuesday, May 7th. This represents a $5.20 annualized dividend and a yield of 2.78%. Texas Instruments’s payout ratio is 81.12%.

Analysts Set New Price Targets

A number of analysts have recently commented on TXN shares. Robert W. Baird upped their target price on Texas Instruments from $125.00 to $175.00 and gave the stock a “neutral” rating in a research note on Thursday, April 25th. The Goldman Sachs Group lifted their target price on shares of Texas Instruments from $137.00 to $157.00 and gave the company a “sell” rating in a report on Wednesday, April 24th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $210.00 price target on shares of Texas Instruments in a research note on Wednesday, April 24th. Evercore ISI raised their target price on Texas Instruments from $213.00 to $225.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. Finally, TD Cowen increased their price objective on Texas Instruments from $160.00 to $175.00 and gave the company a “hold” rating in a research note on Wednesday, April 24th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $180.74.

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.