Texas Instruments Incorporated (NASDAQ:TXN) Holdings Increased by WCM Investment Management LLC

WCM Investment Management LLC lifted its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 150.5% in the fourth quarter, HoldingsChannel reports. The fund owned 27,147 shares of the semiconductor company’s stock after purchasing an additional 16,311 shares during the quarter. WCM Investment Management LLC’s holdings in Texas Instruments were worth $5,103,000 at the end of the most recent reporting period.

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

Texas Instruments Stock Down 1.8 %

TXN stock opened at $180.00 on Monday. The company has a 50 day moving average of $189.75 and a two-hundred day moving average of $198.04. The company has a market cap of $164.20 billion, a price-to-earnings ratio of 34.68, a PEG ratio of 2.95 and a beta of 0.97. Texas Instruments Incorporated has a 12-month low of $155.46 and a 12-month high of $220.38. The company has a quick ratio of 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings data 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 return on equity of 28.08% and a net margin of 30.68%. During the same quarter in the previous year, the business earned $1.49 earnings per share. On average, equities analysts anticipate that Texas Instruments Incorporated will post 5.38 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 11th. Investors of record on Friday, January 31st will be issued 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 3.02%. Texas Instruments’s dividend payout ratio is currently 104.82%.

Insider Activity at Texas Instruments

In related news, Director Ronald Kirk sold 10,539 shares of the firm’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 value of $2,142,894.87. Following the transaction, the director now directly owns 14,323 shares of the company’s stock, valued at approximately $2,912,295.59. This trade represents a 42.39 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mark A. Blinn sold 590 shares of the company’s 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 sale, the director now directly owns 11,717 shares of the company’s stock, valued at $2,117,379.07. The trade was a 4.79 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.68% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Robert W. Baird reduced their price objective on shares of Texas Instruments from $200.00 to $175.00 and set a “neutral” rating for the company in a research report on Wednesday, October 23rd. Susquehanna reduced their target price on shares of Texas Instruments from $250.00 to $240.00 and set a “positive” rating for the company in a report on Monday, October 21st. Morgan Stanley increased their price objective on Texas Instruments from $154.00 to $167.00 and gave the company an “underweight” rating in a research report on Wednesday, October 23rd. Cantor Fitzgerald reissued a “neutral” rating and set a $200.00 price objective on shares of Texas Instruments in a research note on Friday, January 24th. Finally, Mizuho cut their target price on Texas Instruments from $200.00 to $190.00 and set a “neutral” rating on the stock in a research report on Friday, January 24th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $209.20.

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.