Texas Instruments Incorporated (NASDAQ:TXN) Shares Acquired by Fisher Asset Management LLC

Fisher Asset Management LLC lifted its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 2.9% in the 4th quarter, Holdings Channel reports. The firm owned 214,321 shares of the semiconductor company’s stock after purchasing an additional 5,968 shares during the quarter. Fisher Asset Management LLC’s holdings in Texas Instruments were worth $36,533,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in TXN. Tennessee Valley Asset Management Partners acquired a new stake in shares of Texas Instruments during the 4th quarter valued at approximately $25,000. Life Planning Partners Inc purchased a new position in Texas Instruments in the 4th quarter valued at approximately $26,000. Annapolis Financial Services LLC raised its holdings in Texas Instruments by 333.3% during the third quarter. Annapolis Financial Services LLC now owns 156 shares of the semiconductor company’s stock worth $25,000 after purchasing an additional 120 shares during the last quarter. Briaud Financial Planning Inc acquired a new stake in Texas Instruments in the third quarter valued at $25,000. Finally, AMH Equity Ltd purchased a new position in shares of Texas Instruments in the third quarter valued at $32,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Texas Instruments Trading Up 1.8 %

TXN stock opened at $178.91 on Friday. The company has a quick ratio of 3.76, a current ratio of 4.91 and a debt-to-equity ratio of 0.76. The company has a market cap of $162.89 billion, a price-to-earnings ratio of 27.91, a PEG ratio of 3.81 and a beta of 1.01. The business has a fifty day simple moving average of $170.68 and a 200-day simple moving average of $162.98. Texas Instruments Incorporated has a 52 week low of $139.48 and a 52 week high of $188.12.

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

Texas Instruments Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 21st. Stockholders of record on Wednesday, May 8th will be paid a dividend of $1.30 per share. The ex-dividend date is Tuesday, May 7th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.91%. Texas Instruments’s dividend payout ratio is currently 81.12%.

Wall Street Analyst Weigh In

TXN has been the subject of several recent research reports. KeyCorp raised their target price on shares of Texas Instruments from $180.00 to $200.00 and gave the company an “overweight” rating in a report on Wednesday, January 24th. Stifel Nicolaus increased their target price on Texas Instruments from $160.00 to $172.00 and gave the company a “hold” rating in a report on Wednesday, April 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 report on Wednesday, January 24th. Oppenheimer reaffirmed a “market perform” rating on shares of Texas Instruments in a research note on Wednesday, April 24th. Finally, Benchmark reissued a “buy” rating and issued a $210.00 target price on shares of Texas Instruments in a research note on Wednesday, April 24th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $180.74.

Insider Transactions at Texas Instruments

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

Texas Instruments 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.