China Universal Asset Management Co. Ltd. Increases Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

China Universal Asset Management Co. Ltd. raised its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 30.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,367 shares of the semiconductor company’s stock after acquiring an additional 4,515 shares during the period. China Universal Asset Management Co. Ltd.’s holdings in Texas Instruments were worth $3,632,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. MidAtlantic Capital Management Inc. acquired a new position in Texas Instruments during the third quarter worth $28,000. Retirement Wealth Solutions LLC acquired a new position in Texas Instruments during the 4th quarter worth about $27,000. Tsfg LLC boosted its holdings in Texas Instruments by 82.0% during the 3rd quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock valued at $38,000 after acquiring an additional 82 shares during the period. Capital Performance Advisors LLP purchased a new position in Texas Instruments during the 3rd quarter valued at about $39,000. Finally, FSA Wealth Management LLC purchased a new stake in Texas Instruments during the third quarter worth about $41,000. 84.99% of the stock is owned by hedge funds and other institutional investors.

Texas Instruments Stock Down 0.4 %

Shares of NASDAQ:TXN opened at $184.61 on Friday. Texas Instruments Incorporated has a 1-year low of $155.46 and a 1-year high of $220.38. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.12 and a quick ratio of 2.88. The stock has a market cap of $168.40 billion, a P/E ratio of 35.57, a P/E/G ratio of 2.87 and a beta of 0.98. The firm has a fifty day moving average price of $191.69 and a 200 day moving average price of $198.84.

Texas Instruments (NASDAQ:TXN) last announced its 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 quarter in the prior year, the business earned $1.49 earnings per share. Sell-side analysts predict that Texas Instruments Incorporated will post 5.42 EPS for the current year.

Texas Instruments Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st will be paid a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a dividend yield of 2.95%. The ex-dividend date of this dividend is Friday, January 31st. Texas Instruments’s dividend payout ratio (DPR) is presently 104.82%.

Analysts Set New Price Targets

Several research firms have recently commented on TXN. Cantor Fitzgerald reissued a “neutral” rating and issued a $200.00 price objective on shares of Texas Instruments in a research note on Friday, January 24th. Benchmark reissued a “buy” rating and issued a $230.00 price target on shares of Texas Instruments in a research report on Friday, January 24th. Summit Insights raised Texas Instruments from a “hold” rating to a “buy” rating in a research report on Wednesday, October 23rd. Evercore ISI lifted their target price on Texas Instruments from $268.00 to $298.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Finally, Wells Fargo & Company lowered their target price on Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Texas Instruments currently has an average rating of “Hold” and an average price target of $209.20.

Insider Buying and Selling

In related news, Director Ronald Kirk sold 10,539 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $203.33, for a total value of $2,142,894.87. Following the completion of the sale, the director now owns 14,323 shares in the company, valued at $2,912,295.59. This trade represents a 42.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.68% of the company’s stock.

About Texas Instruments

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.