Texas Instruments Incorporated (NASDAQ:TXN) Shares Acquired by Scientech Research LLC

Scientech Research LLC raised its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 111.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,743 shares of the semiconductor company’s stock after buying an additional 3,032 shares during the period. Scientech Research LLC’s holdings in Texas Instruments were worth $1,077,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in Texas Instruments by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 93,567,277 shares of the semiconductor company’s stock valued at $17,544,800,000 after buying an additional 649,620 shares during the period. Geode Capital Management LLC increased its stake in Texas Instruments by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 21,554,142 shares of the semiconductor company’s stock valued at $4,032,599,000 after buying an additional 267,352 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Texas Instruments by 11.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 21,487,468 shares of the semiconductor company’s stock valued at $4,029,115,000 after buying an additional 2,237,035 shares during the period. Norges Bank acquired a new position in Texas Instruments during the 4th quarter valued at about $2,584,490,000. Finally, Alliancebernstein L.P. grew its stake in shares of Texas Instruments by 6.9% in the 4th quarter. Alliancebernstein L.P. now owns 12,706,971 shares of the semiconductor company’s stock worth $2,382,684,000 after purchasing an additional 822,797 shares during the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.

Insiders Place Their Bets

In other news, Director Janet F. Clark sold 6,065 shares of the business’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 sale, the director now owns 10,816 shares in the company, valued at approximately $2,202,353.92. The trade was a 35.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Richard K. Templeton sold 97,000 shares of the business’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $202.72, for a total transaction of $19,663,840.00. Following the completion of the sale, the chairman now owns 409,089 shares in the company, valued at $82,930,522.08. This represents a 19.17% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 297,065 shares of company stock worth $59,734,685 over the last 90 days. Corporate insiders own 0.57% of the company’s stock.

Texas Instruments Trading Up 0.4%

NASDAQ:TXN opened at $188.50 on Friday. Texas Instruments Incorporated has a 12 month low of $139.95 and a 12 month high of $220.39. The firm has a market cap of $171.25 billion, a price-to-earnings ratio of 36.32, a P/E/G ratio of 3.30 and a beta of 0.97. The company has a quick ratio of 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76. The company’s 50 day moving average is $167.29 and its 200-day moving average is $184.58.

Texas Instruments (NASDAQ:TXN) last announced its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.22. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. The business had revenue of $4.07 billion for the quarter, compared to analyst estimates of $3.91 billion. During the same quarter in the previous year, the firm posted $1.10 earnings per share. Texas Instruments’s revenue was up 11.1% compared to the same quarter last year. Equities analysts anticipate that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Wednesday, April 30th were paid a dividend of $1.36 per share. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $5.44 dividend on an annualized basis and a yield of 2.89%. Texas Instruments’s dividend payout ratio is currently 103.23%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Benchmark lowered their price objective on shares of Texas Instruments from $230.00 to $200.00 and set a “buy” rating on the stock in a research note on Thursday, April 24th. Truist Financial lowered their price objective on shares of Texas Instruments from $195.00 to $171.00 and set a “hold” rating on the stock in a research note on Thursday, April 24th. Stifel Nicolaus lowered their price objective on shares of Texas Instruments from $200.00 to $160.00 and set a “hold” rating on the stock in a research note on Thursday, April 17th. Rosenblatt Securities reiterated a “buy” rating and issued a $216.00 target price on shares of Texas Instruments in a report on Thursday, April 24th. Finally, Barclays cut shares of Texas Instruments from an “equal weight” rating to an “underweight” rating and decreased their target price for the stock from $180.00 to $125.00 in a report on Tuesday, April 22nd. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $189.41.

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.