Texas Instruments Incorporated (NASDAQ:TXN) Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. grew its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 0.7% during the fourth quarter, HoldingsChannel reports. The firm owned 93,567,277 shares of the semiconductor company’s stock after buying an additional 649,620 shares during the period. Vanguard Group Inc. owned 0.10% of Texas Instruments worth $17,544,800,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Promus Capital LLC purchased a new stake in shares of Texas Instruments during the fourth quarter worth about $25,000. Financial Life Planners purchased a new stake in shares of Texas Instruments during the fourth quarter worth about $26,000. Retirement Wealth Solutions LLC purchased a new stake in shares of Texas Instruments during the fourth quarter worth about $27,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Texas Instruments during the fourth quarter worth about $28,000. Finally, Atala Financial Inc purchased a new stake in shares of Texas Instruments during the fourth quarter worth about $37,000. Institutional investors and hedge funds own 84.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on TXN shares. Barclays lowered their price objective on Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating for the company in a report on Friday, January 24th. Cantor Fitzgerald reissued a “neutral” rating and issued a $200.00 price objective on shares of Texas Instruments in a report on Friday, January 24th. Wells Fargo & Company lowered their price objective on Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. Benchmark reissued a “buy” rating and issued a $230.00 price objective on shares of Texas Instruments in a report on Friday, January 24th. Finally, Mizuho lowered their price objective 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 research analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $209.20.

Insiders Place Their Bets

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

Texas Instruments Stock Performance

Shares of NASDAQ TXN opened at $179.00 on Friday. The company has a market cap of $162.88 billion, a PE ratio of 34.49, a P/E/G ratio of 3.30 and a beta of 0.97. The company has a current ratio of 4.12, a quick ratio of 2.88 and a debt-to-equity ratio of 0.76. Texas Instruments Incorporated has a 12-month low of $159.11 and a 12-month high of $220.39. The stock has a 50 day simple moving average of $187.47 and a 200-day simple moving average of $195.33.

Texas Instruments (NASDAQ:TXN) last released its earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share 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 period in the prior year, the business earned $1.49 earnings per share. On average, equities research analysts forecast that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Announces Dividend

The company also recently announced 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 of this dividend was Friday, January 31st. This represents a $5.44 dividend on an annualized basis and a yield of 3.04%. Texas Instruments’s dividend payout ratio (DPR) is 104.82%.

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.