Ethic Inc. Has $15.21 Million Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Ethic Inc. lifted its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 30.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 81,092 shares of the semiconductor company’s stock after purchasing an additional 19,055 shares during the period. Ethic Inc.’s holdings in Texas Instruments were worth $15,206,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Promus Capital LLC bought a new position in Texas Instruments in the fourth quarter valued at approximately $25,000. Financial Life Planners acquired a new stake in shares of Texas Instruments in the fourth quarter valued at about $26,000. Retirement Wealth Solutions LLC acquired a new position in shares of Texas Instruments in the 4th quarter worth approximately $27,000. Summit Securities Group LLC acquired a new position in shares of Texas Instruments in the 4th quarter valued at about $27,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in shares of Texas Instruments during the 4th quarter valued at $28,000. Institutional investors and hedge funds own 84.99% of the company’s stock.

Texas Instruments Trading Up 0.5 %

Shares of TXN stock opened at $165.60 on Friday. The company has a current ratio of 4.12, a quick ratio of 2.88 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $150.44 billion, a P/E ratio of 31.91, a price-to-earnings-growth ratio of 3.30 and a beta of 0.97. The business’s 50 day moving average is $167.75 and its two-hundred day moving average is $185.37. Texas Instruments Incorporated has a twelve month low of $139.95 and a twelve month high of $220.39.

Texas Instruments (NASDAQ:TXN) last issued its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.22. The company had revenue of $4.07 billion during the quarter, compared to analysts’ expectations of $3.91 billion. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. The firm’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same period last year, the company posted $1.10 earnings per share. Equities 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 will be paid on Tuesday, May 13th. Investors of record on Wednesday, April 30th will be issued a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a yield of 3.29%. The ex-dividend date is Wednesday, April 30th. Texas Instruments’s payout ratio is currently 103.23%.

Insider Transactions at Texas Instruments

In related news, Director Janet F. Clark sold 6,065 shares of the firm’s stock in a transaction that occurred 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 sale, the director now owns 10,816 shares of the company’s stock, valued at approximately $2,202,353.92. This trade represents a 35.93 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Richard K. Templeton sold 97,000 shares of Texas Instruments stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $202.68, for a total value of $19,659,960.00. Following the sale, the chairman now directly owns 409,089 shares in the company, valued at approximately $82,914,158.52. This trade represents a 19.17 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 297,065 shares of company stock worth $59,734,685. 0.57% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on TXN. UBS Group lowered their price objective on Texas Instruments from $225.00 to $215.00 and set a “buy” rating for the company in a research note on Thursday, April 24th. DZ Bank raised Texas Instruments from a “sell” rating to a “hold” rating and set a $163.00 target price for the company in a research report on Friday, April 25th. Seaport Res Ptn raised shares of Texas Instruments to a “strong sell” rating in a report on Wednesday, April 30th. Benchmark decreased their price target on Texas Instruments from $230.00 to $200.00 and set a “buy” rating on the stock in a research report on Thursday, April 24th. Finally, Baird R W raised Texas Instruments from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 7th. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $189.41.

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.