Kensington Investment Counsel LLC Grows Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Kensington Investment Counsel LLC grew its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 4.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 19,433 shares of the semiconductor company’s stock after acquiring an additional 775 shares during the quarter. Texas Instruments comprises 1.5% of Kensington Investment Counsel LLC’s investment portfolio, making the stock its 20th biggest holding. Kensington Investment Counsel LLC’s holdings in Texas Instruments were worth $3,644,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in TXN. Howard Capital Management Group LLC purchased a new position in Texas Instruments during the 3rd quarter worth approximately $202,000. Atlanta Consulting Group Advisors LLC purchased a new position in Texas Instruments during the 3rd quarter worth approximately $401,000. Claro Advisors LLC grew its stake in shares of Texas Instruments by 16.3% in the 3rd quarter. Claro Advisors LLC now owns 2,876 shares of the semiconductor company’s stock valued at $594,000 after purchasing an additional 404 shares during the last quarter. Thrivent Financial for Lutherans grew its stake in shares of Texas Instruments by 1.5% in the 3rd quarter. Thrivent Financial for Lutherans now owns 74,305 shares of the semiconductor company’s stock valued at $15,349,000 after purchasing an additional 1,095 shares during the last quarter. Finally, Glass Wealth Management Co LLC grew its stake in shares of Texas Instruments by 18.8% in the 3rd quarter. Glass Wealth Management Co LLC now owns 10,121 shares of the semiconductor company’s stock valued at $2,091,000 after purchasing an additional 1,600 shares during the last quarter. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on TXN. Barclays lowered their target price 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. Cantor Fitzgerald reiterated a “neutral” rating and issued a $200.00 target price on shares of Texas Instruments in a research note on Friday, January 24th. Rosenblatt Securities reiterated a “buy” rating and issued a $250.00 target price on shares of Texas Instruments in a research note on Tuesday, January 21st. Benchmark reiterated a “buy” rating and issued a $230.00 target price on shares of Texas Instruments in a research note on Friday, January 24th. Finally, Mizuho reduced their price target on Texas Instruments from $200.00 to $190.00 and set a “neutral” rating for the company in a report on Friday, January 24th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $209.20.

Texas Instruments Stock Performance

Texas Instruments stock opened at $179.99 on Tuesday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.88 and a current ratio of 4.12. The stock has a fifty day moving average of $188.36 and a two-hundred day moving average of $196.07. The company has a market capitalization of $163.78 billion, a price-to-earnings ratio of 34.68, a PEG ratio of 3.30 and a beta of 0.98. Texas Instruments Incorporated has a fifty-two week low of $159.11 and a fifty-two week high of $220.39.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share for the quarter, topping the consensus estimate 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 in the prior year, the business earned $1.49 earnings per share. On average, analysts anticipate that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal 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 dividend of $1.36 per share. This represents a $5.44 annualized dividend and a yield of 3.02%. The ex-dividend date was Friday, January 31st. Texas Instruments’s payout ratio is 104.82%.

Insiders Place Their Bets

In other news, Director Janet F. Clark sold 6,065 shares of Texas Instruments stock in a transaction on Monday, February 24th. The stock was sold at an average price of $203.62, for a total value of $1,234,955.30. Following the completion of the sale, the director now owns 10,816 shares of the company’s stock, valued at $2,202,353.92. The trade was a 35.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Richard K. Templeton sold 97,000 shares of Texas Instruments stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $197.69, for a total value of $19,175,930.00. Following the completion of the sale, the chairman now directly owns 409,089 shares of the company’s stock, valued at approximately $80,872,804.41. This represents a 19.17 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 297,655 shares of company stock valued at $59,841,304. Corporate insiders own 0.57% of the company’s stock.

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.