Meeder Asset Management Inc. Purchases 25,549 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Meeder Asset Management Inc. raised its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 11.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 246,348 shares of the semiconductor company’s stock after acquiring an additional 25,549 shares during the period. Texas Instruments accounts for about 3.2% of Meeder Asset Management Inc.’s holdings, making the stock its 7th biggest position. Meeder Asset Management Inc.’s holdings in Texas Instruments were worth $46,193,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Howard Capital Management Group LLC acquired a new position in Texas Instruments during the third quarter worth approximately $202,000. Captrust Financial Advisors grew its stake in shares of Texas Instruments by 0.4% during the 3rd quarter. Captrust Financial Advisors now owns 95,644 shares of the semiconductor company’s stock valued at $19,757,000 after buying an additional 354 shares during the period. Caisse DE Depot ET Placement DU Quebec increased its holdings in shares of Texas Instruments by 207.5% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 467,811 shares of the semiconductor company’s stock worth $96,636,000 after buying an additional 315,672 shares during the last quarter. Edgestream Partners L.P. purchased a new position in shares of Texas Instruments in the 3rd quarter worth $229,000. Finally, Maverick Capital Ltd. acquired a new position in Texas Instruments in the third quarter valued at $1,388,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Insider Activity at Texas Instruments

In related news, Chairman Richard K. Templeton sold 97,000 shares of the stock in a transaction dated 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 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Janet F. Clark sold 6,065 shares of Texas Instruments stock in a transaction that occurred 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 completion of the transaction, the director now owns 10,816 shares of the company’s stock, valued at approximately $2,202,353.92. The trade was a 35.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 297,655 shares of company stock valued at $59,841,304. Corporate insiders own 0.57% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on TXN shares. Wells Fargo & Company lowered their price target on 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. 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 set a $250.00 price target on shares of Texas Instruments in a research report on Tuesday, January 21st. Mizuho dropped their price objective 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. Finally, Benchmark restated a “buy” rating and set a $230.00 target price on shares of Texas Instruments in a report on Friday, January 24th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $209.20.

Texas Instruments Trading Down 2.5 %

NASDAQ TXN opened at $176.33 on Monday. The company’s fifty day moving average price is $186.45 and its two-hundred day moving average price is $194.62. The company has a market capitalization of $160.45 billion, a price-to-earnings ratio of 33.97, a price-to-earnings-growth ratio of 3.30 and a beta of 0.98. Texas Instruments Incorporated has a 12 month low of $159.11 and a 12 month high of $220.39. 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 EPS for the quarter, topping 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 quarter in the previous year, the business earned $1.49 EPS. As a group, research analysts predict that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The company 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. The ex-dividend date was Friday, January 31st. This represents a $5.44 dividend on an annualized basis and a dividend yield of 3.09%. Texas Instruments’s dividend payout ratio (DPR) is 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.