Main Street Research LLC Has $396,000 Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Main Street Research LLC raised its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 3.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,110 shares of the semiconductor company’s stock after buying an additional 63 shares during the quarter. Main Street Research LLC’s holdings in Texas Instruments were worth $396,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TXN. State Street Corp raised its position in shares of Texas Instruments by 0.9% in the 3rd quarter. State Street Corp now owns 41,679,234 shares of the semiconductor company’s stock valued at $8,609,679,000 after acquiring an additional 391,306 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Texas Instruments by 11.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 21,487,468 shares of the semiconductor company’s stock worth $4,029,115,000 after purchasing an additional 2,237,035 shares during the period. Geode Capital Management LLC raised its holdings in Texas Instruments by 2.3% in the third quarter. Geode Capital Management LLC now owns 21,286,790 shares of the semiconductor company’s stock worth $4,382,936,000 after purchasing an additional 487,892 shares during the period. Massachusetts Financial Services Co. MA boosted its position in shares of Texas Instruments by 0.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 8,060,213 shares of the semiconductor company’s stock worth $1,664,998,000 after purchasing an additional 36,441 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Texas Instruments by 1.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,773,932 shares of the semiconductor company’s stock valued at $1,605,861,000 after buying an additional 124,712 shares during the period. Institutional investors own 84.99% of the company’s stock.

Insider Transactions at Texas Instruments

In other Texas Instruments news, Director Mark A. Blinn sold 590 shares of the firm’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $180.71, for a total transaction of $106,618.90. Following the completion of the sale, the director now owns 11,717 shares of the company’s stock, valued at $2,117,379.07. This trade represents a 4.79 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Janet F. Clark sold 6,065 shares of the company’s stock in a transaction 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 completion of the transaction, the director now owns 10,816 shares in the company, valued at approximately $2,202,353.92. This represents a 35.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 297,655 shares of company stock worth $59,841,304. 0.68% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

TXN has been the topic of several research analyst reports. Benchmark reaffirmed a “buy” rating and set a $230.00 price objective on shares of Texas Instruments in a research note on Friday, January 24th. Mizuho cut their price objective on Texas Instruments from $200.00 to $190.00 and set a “neutral” rating on the stock in a report on Friday, January 24th. Rosenblatt Securities reiterated a “buy” rating and issued a $250.00 price objective on shares of Texas Instruments in a research report on Tuesday, January 21st. Barclays dropped their target price on shares of Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating on the stock in a report on Friday, January 24th. Finally, Truist Financial cut their price target on shares of Texas Instruments from $199.00 to $195.00 and set a “hold” rating on the stock in a research note 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 given a buy rating to the company’s stock. According to MarketBeat, Texas Instruments currently has an average rating of “Hold” and a consensus target price of $209.20.

Texas Instruments Price Performance

NASDAQ:TXN opened at $190.52 on Monday. The company has a current ratio of 4.12, a quick ratio of 2.88 and a debt-to-equity ratio of 0.76. The firm has a fifty day simple moving average of $189.62 and a 200 day simple moving average of $197.35. Texas Instruments Incorporated has a 1-year low of $159.11 and a 1-year high of $220.38. The stock has a market capitalization of $173.36 billion, a PE ratio of 36.71, a P/E/G ratio of 3.30 and a beta of 0.98.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings data 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 quarter last year, the firm posted $1.49 EPS. On average, research analysts expect that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st were given 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 2.86%. Texas Instruments’s payout ratio is 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.