White Pine Capital LLC Grows Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

White Pine Capital LLC raised its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 4.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,938 shares of the semiconductor company’s stock after buying an additional 74 shares during the quarter. White Pine Capital LLC’s holdings in Texas Instruments were worth $330,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of TXN. Morgan Stanley lifted its position in shares of Texas Instruments by 14.2% during the third quarter. Morgan Stanley now owns 14,154,358 shares of the semiconductor company’s stock valued at $2,250,685,000 after buying an additional 1,755,582 shares during the last quarter. California Public Employees Retirement System increased its holdings in shares of Texas Instruments by 33.2% during the fourth quarter. California Public Employees Retirement System now owns 6,035,704 shares of the semiconductor company’s stock valued at $1,028,846,000 after acquiring an additional 1,502,989 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of Texas Instruments by 565.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,693,577 shares of the semiconductor company’s stock valued at $288,687,000 after acquiring an additional 1,439,066 shares in the last quarter. Baillie Gifford & Co. increased its holdings in shares of Texas Instruments by 338.4% during the fourth quarter. Baillie Gifford & Co. now owns 1,795,191 shares of the semiconductor company’s stock valued at $306,008,000 after acquiring an additional 1,385,725 shares in the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC acquired a new position in Texas Instruments in the 3rd quarter worth approximately $196,135,000. 84.99% of the stock is owned by hedge funds and other institutional investors.

Texas Instruments Price Performance

TXN stock traded up $2.23 during midday trading on Friday, reaching $177.48. The stock had a trading volume of 5,401,860 shares, compared to its average volume of 5,477,503. The company’s fifty day simple moving average is $169.29 and its 200 day simple moving average is $162.25. The company has a current ratio of 4.91, a quick ratio of 3.35 and a debt-to-equity ratio of 0.76. The company has a market cap of $161.59 billion, a price-to-earnings ratio of 27.69, a price-to-earnings-growth ratio of 3.79 and a beta of 1.04. Texas Instruments Incorporated has a 52-week low of $139.48 and a 52-week high of $188.12.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. The company had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.61 billion. Texas Instruments had a return on equity of 35.28% and a net margin of 35.16%. The firm’s revenue for the quarter was down 16.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.85 EPS. As a group, sell-side analysts predict that Texas Instruments Incorporated will post 5.21 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 21st. Shareholders of record on Wednesday, May 8th will be paid a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date of this dividend is Tuesday, May 7th. Texas Instruments’s dividend payout ratio (DPR) is presently 81.12%.

Analyst Ratings Changes

TXN has been the topic of several research reports. The Goldman Sachs Group increased their price target on shares of Texas Instruments from $137.00 to $157.00 and gave the stock a “sell” rating in a report on Wednesday. Rosenblatt Securities restated a “buy” rating and issued a $210.00 price objective on shares of Texas Instruments in a research report on Wednesday. Evercore ISI upped their price objective on Texas Instruments from $213.00 to $225.00 and gave the stock an “outperform” rating in a research report on Wednesday. Barclays lowered their price objective on Texas Instruments from $160.00 to $150.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 24th. Finally, Cantor Fitzgerald restated a “neutral” rating and issued a $180.00 price objective on shares of Texas Instruments in a research report on Wednesday. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Texas Instruments presently has an average rating of “Hold” and a consensus price target of $180.74.

Insiders Place Their Bets

In other Texas Instruments news, Director Mark A. Blinn sold 1,744 shares of the firm’s stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $159.85, for a total value of $278,778.40. Following the completion of the sale, the director now directly owns 11,693 shares of the company’s stock, valued at approximately $1,869,126.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.68% of the company’s stock.

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.