BankPlus Trust Department Acquires New Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

BankPlus Trust Department bought a new position in Texas Instruments Incorporated (NASDAQ:TXN) during the fourth quarter, Holdings Channel reports. The fund bought 17,330 shares of the semiconductor company’s stock, valued at approximately $3,250,000. Texas Instruments comprises about 1.1% of BankPlus Trust Department’s holdings, making the stock its 14th largest position.

Several other institutional investors and hedge funds have also recently bought and sold shares of TXN. Assenagon Asset Management S.A. raised its position in Texas Instruments by 948.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 4,794,646 shares of the semiconductor company’s stock valued at $899,044,000 after acquiring an additional 4,337,295 shares in the last quarter. Van ECK Associates Corp boosted its holdings in Texas Instruments by 21.8% in the 4th quarter. Van ECK Associates Corp now owns 7,513,870 shares of the semiconductor company’s stock valued at $1,408,925,000 after purchasing an additional 1,345,629 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Texas Instruments by 4.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 19,250,433 shares of the semiconductor company’s stock valued at $3,976,562,000 after acquiring an additional 782,053 shares during the period. Geode Capital Management LLC raised its stake in shares of Texas Instruments by 2.3% in the third quarter. Geode Capital Management LLC now owns 21,286,790 shares of the semiconductor company’s stock valued at $4,382,936,000 after purchasing an additional 487,892 shares in the last quarter. Finally, State Street Corp lifted its holdings in shares of Texas Instruments by 0.9% during the 3rd quarter. State Street Corp now owns 41,679,234 shares of the semiconductor company’s stock worth $8,609,679,000 after acquiring an additional 391,306 shares during the period. Institutional investors and hedge funds own 84.99% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Wells Fargo & Company dropped their target price on shares of Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating for the company in a research report on Monday, January 13th. Rosenblatt Securities reiterated a “buy” rating and set a $250.00 target price on shares of Texas Instruments in a report on Tuesday, January 21st. Barclays reduced their target price on shares of Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating for the company in a research note on Friday, January 24th. Mizuho dropped their price target on Texas Instruments from $200.00 to $190.00 and set a “neutral” rating on the stock in a research note on Friday, January 24th. Finally, Truist Financial decreased their price objective 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 equities 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. Based on data from MarketBeat, Texas Instruments currently has a consensus rating of “Hold” and a consensus target price of $209.20.

Texas Instruments Stock Performance

TXN opened at $202.00 on Monday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.88 and a current ratio of 4.12. Texas Instruments Incorporated has a 52-week low of $159.11 and a 52-week high of $220.38. The firm has a market cap of $183.89 billion, a P/E ratio of 38.92, a price-to-earnings-growth ratio of 3.30 and a beta of 0.97. The business’s fifty day moving average is $188.44 and its 200-day moving average is $197.59.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings data on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company earned $1.49 earnings per share. Sell-side analysts expect that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st were paid a $1.36 dividend. This represents a $5.44 annualized dividend and a yield of 2.69%. The ex-dividend date of this dividend was Friday, January 31st. Texas Instruments’s dividend payout ratio (DPR) is presently 104.82%.

Insider Buying and Selling

In other Texas Instruments news, Director Mark A. Blinn sold 590 shares of the company’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $180.71, for a total transaction of $106,618.90. Following the transaction, the director now owns 11,717 shares in the company, valued at approximately $2,117,379.07. This represents a 4.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.68% of the stock is owned by insiders.

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.