Generali Asset Management SPA SGR Purchases New Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Generali Asset Management SPA SGR purchased a new stake in Texas Instruments Incorporated (NASDAQ:TXN) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 60,027 shares of the semiconductor company’s stock, valued at approximately $11,256,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in TXN. Howard Capital Management Group LLC purchased a new position in Texas Instruments in the third quarter valued at $202,000. Atlanta Consulting Group Advisors LLC purchased a new stake in Texas Instruments during the 3rd quarter worth about $401,000. Claro Advisors LLC lifted its holdings in Texas Instruments by 16.3% during the 3rd quarter. Claro Advisors LLC now owns 2,876 shares of the semiconductor company’s stock worth $594,000 after buying an additional 404 shares during the last quarter. Thrivent Financial for Lutherans lifted its holdings in Texas Instruments by 1.5% during the 3rd quarter. Thrivent Financial for Lutherans now owns 74,305 shares of the semiconductor company’s stock worth $15,349,000 after buying an additional 1,095 shares during the last quarter. Finally, Glass Wealth Management Co LLC lifted its holdings in Texas Instruments by 18.8% during the 3rd quarter. Glass Wealth Management Co LLC now owns 10,121 shares of the semiconductor company’s stock worth $2,091,000 after buying an additional 1,600 shares during the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.

Insider Activity

In other Texas Instruments news, Director Mark A. Blinn sold 590 shares of the business’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $180.71, for a total transaction of $106,618.90. Following the sale, the director now directly owns 11,717 shares in the company, valued at approximately $2,117,379.07. The trade was a 4.79 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Richard K. Templeton sold 97,000 shares of the business’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $197.69, for a total transaction of $19,175,930.00. Following the sale, the chairman now owns 409,089 shares in the company, valued at $80,872,804.41. This trade represents a 19.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 297,655 shares of company stock valued at $59,841,304. Company insiders own 0.57% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on TXN. Rosenblatt Securities reaffirmed a “buy” rating and set a $250.00 price target on shares of Texas Instruments in a report on Tuesday, January 21st. Cantor Fitzgerald reissued a “neutral” rating and issued a $200.00 target price on shares of Texas Instruments in a report on Friday, January 24th. Mizuho reduced their target price on Texas Instruments from $200.00 to $190.00 and set a “neutral” rating for the company in a report on Friday, January 24th. Barclays reduced their target price 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. Finally, Truist Financial reduced their target price on Texas Instruments from $199.00 to $195.00 and set a “hold” rating for the company in a report on Friday, January 24th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $209.20.

Texas Instruments Price Performance

Shares of TXN stock opened at $179.99 on Tuesday. The firm has a market cap of $163.78 billion, a P/E ratio of 34.68, a P/E/G ratio of 3.30 and a beta of 0.98. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.12 and a quick ratio of 2.88. Texas Instruments Incorporated has a 1-year low of $159.11 and a 1-year high of $220.39. The firm has a fifty day moving average of $188.36 and a two-hundred day moving average of $196.07.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 EPS for the quarter, beating the consensus estimate of $1.20 by $0.10. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. During the same period last year, the firm posted $1.49 earnings per share. As a group, research analysts anticipate that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st were issued a $1.36 dividend. This represents a $5.44 annualized dividend and a dividend yield of 3.02%. The ex-dividend date of this dividend was Friday, January 31st. Texas Instruments’s dividend payout ratio (DPR) is presently 104.82%.

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.