Intact Investment Management Inc. Boosts Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Intact Investment Management Inc. increased its position in Texas Instruments Incorporated (NASDAQ:TXN) by 21.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 67,100 shares of the semiconductor company’s stock after purchasing an additional 11,900 shares during the period. Intact Investment Management Inc.’s holdings in Texas Instruments were worth $11,438,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Alliance Wealth Advisors LLC UT raised its stake in Texas Instruments by 1.9% during the 4th quarter. Alliance Wealth Advisors LLC UT now owns 12,811 shares of the semiconductor company’s stock valued at $2,184,000 after acquiring an additional 242 shares during the last quarter. Russell Investments Group Ltd. raised its stake in Texas Instruments by 8.6% during the 4th quarter. Russell Investments Group Ltd. now owns 725,220 shares of the semiconductor company’s stock valued at $123,753,000 after acquiring an additional 57,574 shares during the last quarter. White Pine Capital LLC raised its stake in Texas Instruments by 4.0% during the 4th quarter. White Pine Capital LLC now owns 1,938 shares of the semiconductor company’s stock valued at $330,000 after acquiring an additional 74 shares during the last quarter. Golden State Equity Partners raised its stake in Texas Instruments by 35.0% during the 4th quarter. Golden State Equity Partners now owns 6,663 shares of the semiconductor company’s stock valued at $1,136,000 after acquiring an additional 1,728 shares during the last quarter. Finally, Spinnaker Trust raised its stake in Texas Instruments by 3.8% during the 4th quarter. Spinnaker Trust now owns 50,496 shares of the semiconductor company’s stock valued at $8,608,000 after acquiring an additional 1,857 shares during the last quarter. 84.99% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Texas Instruments news, Director Mark A. Blinn sold 1,744 shares of Texas Instruments stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $159.85, for a total value of $278,778.40. Following the transaction, the director now owns 11,693 shares in the company, valued at $1,869,126.05. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.68% of the stock is owned by corporate insiders.

Texas Instruments Stock Performance

NASDAQ TXN traded up $2.23 during trading hours on Friday, reaching $177.48. The company’s stock had a trading volume of 5,401,860 shares, compared to its average volume of 5,477,503. The company has a current ratio of 4.91, a quick ratio of 3.35 and a debt-to-equity ratio of 0.76. The business has a 50-day simple moving average of $169.29 and a 200 day simple moving average of $162.22. Texas Instruments Incorporated has a 52 week low of $139.48 and a 52 week high of $188.12. The stock has a market cap of $161.59 billion, a PE ratio of 27.69, a PEG ratio of 3.75 and a beta of 1.04.

Texas Instruments (NASDAQ:TXN) last issued 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. The firm had revenue of $3.66 billion for the quarter, compared to analysts’ expectations of $3.61 billion. Texas Instruments had a net margin of 35.16% and a return on equity of 35.28%. Texas Instruments’s revenue was down 16.4% on a year-over-year basis. During the same quarter last year, the company posted $1.85 earnings per share. Equities research analysts predict that Texas Instruments Incorporated will post 5.2 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 21st. Investors of record on Wednesday, May 8th will be issued a dividend of $1.30 per share. The ex-dividend date is Tuesday, May 7th. This represents a $5.20 annualized dividend and a yield of 2.93%. Texas Instruments’s payout ratio is 81.12%.

Analyst Upgrades and Downgrades

TXN has been the topic of several recent analyst reports. Rosenblatt Securities reiterated a “buy” rating and set a $210.00 target price on shares of Texas Instruments in a research report on Wednesday. UBS Group upgraded Texas Instruments from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $170.00 to $195.00 in a research report on Friday, January 19th. Susquehanna boosted their target price on Texas Instruments from $200.00 to $205.00 and gave the stock a “positive” rating in a research report on Wednesday. Mizuho upped their price target on Texas Instruments from $164.00 to $170.00 and gave the stock a “neutral” rating in a report on Wednesday. Finally, Evercore ISI upped their price target on Texas Instruments from $213.00 to $225.00 and gave the stock an “outperform” rating in a report on Wednesday. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Texas Instruments has a consensus rating of “Hold” and an average price target of $180.74.

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.