Mizuho Securities USA LLC Increases Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Mizuho Securities USA LLC raised its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 46.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 86,457 shares of the semiconductor company’s stock after buying an additional 27,251 shares during the period. Mizuho Securities USA LLC’s holdings in Texas Instruments were worth $16,212,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Howard Capital Management Group LLC bought a new position in Texas Instruments in the 3rd quarter worth $202,000. Quest Partners LLC purchased a new stake in shares of Texas Instruments in the 3rd quarter worth about $226,000. Prospera Private Wealth LLC purchased a new stake in shares of Texas Instruments in the 3rd quarter worth about $46,000. Segall Bryant & Hamill LLC purchased a new stake in shares of Texas Instruments in the 3rd quarter worth about $3,556,000. Finally, Darwin Wealth Management LLC purchased a new stake in shares of Texas Instruments in the 3rd quarter worth about $45,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Texas Instruments Stock Down 0.9 %

Shares of Texas Instruments stock opened at $179.00 on Friday. The company has a 50-day simple moving average of $187.47 and a two-hundred day simple moving average of $195.37. Texas Instruments Incorporated has a 52-week low of $159.11 and a 52-week high of $220.39. The stock has a market capitalization of $162.88 billion, a PE ratio of 34.49, a price-to-earnings-growth ratio of 3.30 and a beta of 0.97. 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 (NASDAQ:TXN) last announced its quarterly earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 EPS for the quarter, topping 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 period last year, the firm earned $1.49 earnings per share. On average, analysts anticipate that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st were paid a $1.36 dividend. The ex-dividend date was Friday, January 31st. This represents a $5.44 dividend on an annualized basis and a dividend yield of 3.04%. Texas Instruments’s dividend payout ratio is presently 104.82%.

Analyst Ratings Changes

Several research firms have recently commented on TXN. Barclays dropped 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 report on Friday, January 24th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $250.00 target price on shares of Texas Instruments in a research report on Tuesday, January 21st. Mizuho lowered their price target on shares of Texas Instruments from $200.00 to $190.00 and set a “neutral” rating for the company in a research report on Friday, January 24th. Cantor Fitzgerald reissued a “neutral” rating and set a $200.00 price target on shares of Texas Instruments in a research report on Friday, January 24th. Finally, Wells Fargo & Company lowered their price target 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. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $209.20.

Insider Transactions at Texas Instruments

In related news, Chairman Richard K. Templeton sold 97,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $197.69, for a total transaction of $19,175,930.00. Following the completion of the sale, the chairman now directly owns 409,089 shares in the company, valued at approximately $80,872,804.41. The trade was a 19.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Janet F. Clark sold 6,065 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $203.62, for a total transaction of $1,234,955.30. Following the sale, the director now owns 10,816 shares of the company’s stock, valued at $2,202,353.92. This trade represents a 35.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 297,655 shares of company stock worth $59,841,304 over the last three months. 0.57% of the stock is currently owned by company insiders.

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.