Sumitomo Mitsui DS Asset Management Company Ltd Acquires 2,970 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 2.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 154,262 shares of the semiconductor company’s stock after purchasing an additional 2,970 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Texas Instruments were worth $28,926,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TXN. Financial Life Planners purchased a new position in shares of Texas Instruments during the 4th quarter valued at $26,000. Retirement Wealth Solutions LLC bought a new position in Texas Instruments during the fourth quarter worth about $27,000. MidAtlantic Capital Management Inc. bought a new stake in shares of Texas Instruments in the third quarter valued at approximately $28,000. Tsfg LLC boosted its holdings in Texas Instruments by 82.0% in the 3rd quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock worth $38,000 after buying an additional 82 shares during the period. Finally, Capital Performance Advisors LLP purchased a new position in Texas Instruments in the 3rd quarter valued at approximately $39,000. 84.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on TXN. Rosenblatt Securities reaffirmed a “buy” rating and issued a $250.00 price target on shares of Texas Instruments in a report on Tuesday, January 21st. Robert W. Baird reduced their target price on Texas Instruments from $200.00 to $175.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. Cantor Fitzgerald restated a “neutral” rating and issued a $200.00 price objective on shares of Texas Instruments in a research report on Friday, January 24th. Mizuho decreased 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. Finally, Bank of America cut their price target on shares of Texas Instruments from $220.00 to $215.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, Texas Instruments has a consensus rating of “Hold” and a consensus target price of $209.20.

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, Director Ronald Kirk sold 10,539 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $203.33, for a total transaction of $2,142,894.87. Following the completion of the transaction, the director now owns 14,323 shares of the company’s stock, valued at $2,912,295.59. This represents a 42.39 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Mark A. Blinn sold 590 shares of Texas Instruments stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $180.71, for a total value of $106,618.90. Following the completion of the sale, 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 disclosure for this sale can be found here. Corporate insiders own 0.68% of the company’s stock.

Texas Instruments Trading Up 0.9 %

Shares of TXN opened at $183.28 on Friday. Texas Instruments Incorporated has a fifty-two week low of $155.46 and a fifty-two week high of $220.38. The firm has a market cap of $167.19 billion, a price-to-earnings ratio of 35.31, a PEG ratio of 2.94 and a beta of 0.97. The firm has a 50 day moving average price of $190.49 and a 200-day moving average price of $198.32. 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 posted its quarterly earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share 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 period in the prior year, the firm earned $1.49 earnings per share. As a group, equities research analysts forecast that Texas Instruments Incorporated will post 5.42 earnings per share for the current year.

Texas Instruments Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st will be paid a $1.36 dividend. The ex-dividend date is Friday, January 31st. This represents a $5.44 dividend on an annualized basis and a yield of 2.97%. Texas Instruments’s dividend payout ratio (DPR) is currently 104.82%.

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.