London & Capital Asset Management Ltd Acquires 3,879 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

London & Capital Asset Management Ltd raised its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 1.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 242,012 shares of the semiconductor company’s stock after buying an additional 3,879 shares during the period. Texas Instruments comprises 3.5% of London & Capital Asset Management Ltd’s investment portfolio, making the stock its 6th largest position. London & Capital Asset Management Ltd’s holdings in Texas Instruments were worth $41,253,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Salem Investment Counselors Inc. lifted its position in shares of Texas Instruments by 16.8% during the first quarter. Salem Investment Counselors Inc. now owns 417 shares of the semiconductor company’s stock worth $77,000 after purchasing an additional 60 shares in the last quarter. International Assets Investment Management LLC lifted its position in shares of Texas Instruments by 2.8% during the first quarter. International Assets Investment Management LLC now owns 2,266 shares of the semiconductor company’s stock worth $416,000 after purchasing an additional 61 shares in the last quarter. Polar Capital Holdings Plc lifted its position in shares of Texas Instruments by 0.6% during the first quarter. Polar Capital Holdings Plc now owns 9,822 shares of the semiconductor company’s stock worth $1,802,000 after purchasing an additional 63 shares in the last quarter. Abacus Planning Group Inc. lifted its position in shares of Texas Instruments by 3.7% during the third quarter. Abacus Planning Group Inc. now owns 1,795 shares of the semiconductor company’s stock worth $285,000 after purchasing an additional 64 shares in the last quarter. Finally, Riverview Trust Co lifted its position in shares of Texas Instruments by 57.4% during the third quarter. Riverview Trust Co now owns 181 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 66 shares in the last quarter. 84.99% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

TXN has been the subject of a number of research analyst reports. Susquehanna dropped their price target on shares of Texas Instruments from $205.00 to $200.00 and set a “positive” rating for the company in a research note on Wednesday, January 24th. Rosenblatt Securities restated a “buy” rating and issued a $190.00 price target on shares of Texas Instruments in a research note on Tuesday, January 23rd. TD Cowen lifted their price target on shares of Texas Instruments from $145.00 to $160.00 and gave the stock a “market perform” rating in a research note on Wednesday, January 24th. UBS Group upgraded shares of Texas Instruments from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $170.00 to $195.00 in a research note on Friday, January 19th. Finally, Morgan Stanley lifted their price target on shares of Texas Instruments from $138.00 to $146.00 and gave the stock an “underweight” rating in a research note on Wednesday, January 24th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $174.42.

Texas Instruments Trading Up 0.9 %

Shares of TXN stock traded up $1.48 during trading hours on Monday, reaching $167.81. 732,338 shares of the stock traded hands, compared to its average volume of 5,456,064. Texas Instruments Incorporated has a 1-year low of $139.48 and a 1-year high of $188.12. The business has a fifty day moving average price of $167.61 and a 200 day moving average price of $161.57. The company has a quick ratio of 3.35, a current ratio of 4.55 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $152.72 billion, a PE ratio of 23.71, a PEG ratio of 3.58 and a beta of 1.04.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Monday, January 22nd. The semiconductor company reported $1.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.46 by $0.03. The business had revenue of $4.08 billion for the quarter, compared to analyst estimates of $4.12 billion. Texas Instruments had a net margin of 37.16% and a return on equity of 39.96%. The firm’s revenue was down 12.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.13 earnings per share. On average, equities research analysts forecast that Texas Instruments Incorporated will post 5.16 EPS for the current year.

Texas Instruments Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 13th. Shareholders of record on Wednesday, January 31st were paid a $1.30 dividend. The ex-dividend date was Tuesday, January 30th. This represents a $5.20 annualized dividend and a yield of 3.10%. Texas Instruments’s dividend payout ratio is presently 73.65%.

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, Director Mark A. Blinn sold 1,744 shares of the company’s stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $159.85, for a total value of $278,778.40. Following the transaction, the director now owns 11,693 shares in the company, valued at approximately $1,869,126.05. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 0.68% of the company’s stock.

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.