SlateStone Wealth LLC Boosts Stake in Texas Instruments Incorporated (NASDAQ:TXN)

SlateStone Wealth LLC grew its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 13.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 21,313 shares of the semiconductor company’s stock after buying an additional 2,589 shares during the period. SlateStone Wealth LLC’s holdings in Texas Instruments were worth $3,996,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in TXN. Assenagon Asset Management S.A. raised its position in shares of Texas Instruments by 948.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 4,794,646 shares of the semiconductor company’s stock valued at $899,044,000 after buying an additional 4,337,295 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of 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 in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Texas Instruments during the 4th quarter valued at $295,665,000. Van ECK Associates Corp raised its position in shares of Texas Instruments by 21.8% during 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 buying an additional 1,345,629 shares in the last quarter. Finally, Amundi grew its holdings in shares of Texas Instruments by 23.4% during the 4th quarter. Amundi now owns 6,650,490 shares of the semiconductor company’s stock valued at $1,274,633,000 after purchasing an additional 1,262,365 shares during the last quarter. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Insiders Place Their Bets

In other Texas Instruments news, Director Mark A. Blinn sold 590 shares of Texas Instruments stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $180.71, for a total value of $106,618.90. Following the completion of the transaction, the director now directly owns 11,717 shares of the company’s stock, valued at approximately $2,117,379.07. The trade was a 4.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Richard K. Templeton sold 97,000 shares of Texas Instruments stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $202.72, for a total transaction of $19,663,840.00. Following the completion of the transaction, the chairman now directly owns 409,089 shares of the company’s stock, valued at $82,930,522.08. This trade represents a 19.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 297,655 shares of company stock valued at $59,841,304. Insiders own 0.57% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on TXN. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $200.00 target price on shares of Texas Instruments in a report on Friday, January 24th. Mizuho reduced their target price on shares of Texas Instruments from $200.00 to $190.00 and set a “neutral” rating on the stock in a report on Friday, January 24th. Truist Financial reduced their target price on shares of Texas Instruments from $199.00 to $195.00 and set a “hold” rating on the stock in a report on Friday, January 24th. Rosenblatt Securities reaffirmed a “buy” rating and set a $250.00 target price on shares of Texas Instruments in a report on Tuesday, January 21st. Finally, Wells Fargo & Company reduced their target price on shares of Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $209.20.

Texas Instruments Trading Up 1.6 %

Shares of NASDAQ TXN opened at $176.42 on Friday. Texas Instruments Incorporated has a 1 year low of $159.11 and a 1 year high of $220.38. The stock has a market cap of $160.53 billion, a P/E ratio of 33.99, a price-to-earnings-growth ratio of 3.30 and a beta of 0.98. The firm has a 50-day moving average of $188.61 and a 200 day moving average of $196.37. 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 (NASDAQ:TXN) last issued its quarterly earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 quarter in the previous year, the company posted $1.49 earnings per share. As a group, sell-side analysts expect that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Friday, January 31st were given a dividend of $1.36 per share. The ex-dividend date was Friday, January 31st. This represents a $5.44 dividend on an annualized basis and a yield of 3.08%. Texas Instruments’s dividend payout ratio (DPR) is currently 104.82%.

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.