Banque Pictet & Cie SA Buys 18,650 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Banque Pictet & Cie SA boosted its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 0.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 2,197,676 shares of the semiconductor company’s stock after purchasing an additional 18,650 shares during the period. Texas Instruments comprises approximately 2.8% of Banque Pictet & Cie SA’s portfolio, making the stock its 7th largest position. Banque Pictet & Cie SA’s holdings in Texas Instruments were worth $412,086,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Financial Life Planners acquired a new stake in shares of Texas Instruments in the fourth quarter valued at $26,000. Retirement Wealth Solutions LLC acquired a new stake in shares of Texas Instruments in the fourth quarter valued at approximately $27,000. MidAtlantic Capital Management Inc. acquired a new position in Texas Instruments in the 3rd quarter valued at about $28,000. Tsfg LLC raised its stake in shares of Texas Instruments by 82.0% during the third quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock worth $38,000 after purchasing an additional 82 shares during the last quarter. Finally, Capital Performance Advisors LLP acquired a new stake in shares of Texas Instruments in the 3rd quarter worth $39,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Analyst Ratings Changes

TXN has been the topic of a number of analyst reports. Barclays decreased their price target on Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating on the stock in a research note on Friday, January 24th. Susquehanna lowered their price target on shares of Texas Instruments from $250.00 to $240.00 and set a “positive” rating on the stock in a research note on Monday, October 21st. Truist Financial reduced their price objective on shares of Texas Instruments from $199.00 to $195.00 and set a “hold” rating for the company in a research note on Friday, January 24th. Morgan Stanley upped their target price on shares of Texas Instruments from $154.00 to $167.00 and gave the stock an “underweight” rating in a research report on Wednesday, October 23rd. Finally, Summit Insights raised Texas Instruments from a “hold” rating to a “buy” rating in a research note on Wednesday, October 23rd. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $209.20.

Texas Instruments Stock Performance

Shares of TXN opened at $180.80 on Friday. Texas Instruments Incorporated has a one year low of $156.57 and a one year high of $220.38. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.12 and a quick ratio of 2.88. The stock has a market cap of $164.93 billion, a price-to-earnings ratio of 34.84, a PEG ratio of 2.95 and a beta of 0.97. The company has a 50-day moving average of $188.63 and a two-hundred day moving average of $197.63.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Thursday, January 23rd. The semiconductor company reported $1.30 EPS for the quarter, topping analysts’ consensus estimates 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 last year, the firm posted $1.49 earnings per share. On average, equities research analysts expect that Texas Instruments Incorporated will post 5.38 earnings per share for the current year.

Texas Instruments Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st were given a $1.36 dividend. The ex-dividend date was Friday, January 31st. This represents a $5.44 dividend on an annualized basis and a dividend yield of 3.01%. Texas Instruments’s dividend payout ratio is currently 104.82%.

Insider Activity at Texas Instruments

In other Texas Instruments news, Director Ronald Kirk sold 10,539 shares of Texas Instruments stock in a transaction on Monday, November 25th. The stock was sold at an average price of $203.33, for a total value of $2,142,894.87. Following the completion of the transaction, the director now owns 14,323 shares in the company, valued at approximately $2,912,295.59. The trade was a 42.39 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Mark A. Blinn sold 590 shares of the company’s stock in a transaction on Tuesday, February 4th. The shares were 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 $2,117,379.07. This trade represents a 4.79 % decrease in their position. The disclosure for this sale can be found here. 0.68% of the stock is currently owned by company insiders.

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.