Alberta Investment Management Corp Takes $16.96 Million Position in Texas Instruments Incorporated (NASDAQ:TXN)

Alberta Investment Management Corp bought a new stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) in the 4th quarter, HoldingsChannel.com reports. The fund bought 90,460 shares of the semiconductor company’s stock, valued at approximately $16,962,000.

Several other institutional investors have also recently made changes to their positions in the company. Global Retirement Partners LLC raised its position in Texas Instruments by 6.0% during the fourth quarter. Global Retirement Partners LLC now owns 11,911 shares of the semiconductor company’s stock worth $2,233,000 after acquiring an additional 672 shares during the period. Atlas Legacy Advisors LLC acquired a new position in Texas Instruments during the fourth quarter worth $482,000. Bank of Jackson Hole Trust acquired a new position in Texas Instruments during the fourth quarter worth $390,000. Callahan Advisors LLC raised its position in Texas Instruments by 5.0% during the fourth quarter. Callahan Advisors LLC now owns 1,774 shares of the semiconductor company’s stock worth $333,000 after acquiring an additional 85 shares during the period. Finally, Kentucky Retirement Systems Insurance Trust Fund raised its position in Texas Instruments by 43.4% during the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 38,762 shares of the semiconductor company’s stock worth $7,268,000 after acquiring an additional 11,729 shares during the period. 84.99% of the stock is owned by hedge funds and other institutional investors.

Texas Instruments Trading Up 1.9 %

Shares of TXN stock opened at $186.46 on Wednesday. The company has a 50-day moving average of $187.90 and a two-hundred day moving average of $197.23. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.12 and a quick ratio of 2.88. Texas Instruments Incorporated has a 1-year low of $159.11 and a 1-year high of $220.38. The firm has a market cap of $170.09 billion, a PE ratio of 35.93, a price-to-earnings-growth ratio of 2.96 and a beta of 0.97.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data on Thursday, January 23rd. The semiconductor company reported $1.30 EPS for the quarter, beating 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 last year, the business earned $1.49 earnings per share. On average, analysts predict that Texas Instruments Incorporated will post 5.35 EPS for the current 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 paid a $1.36 dividend. This represents a $5.44 annualized dividend and a dividend yield of 2.92%. The ex-dividend date was Friday, January 31st. Texas Instruments’s payout ratio is 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 shares were sold at an average price of $203.33, for a total value of $2,142,894.87. Following the sale, the director now owns 14,323 shares of the company’s stock, 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mark A. Blinn sold 590 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The shares were 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 directly owns 11,717 shares in the company, valued at approximately $2,117,379.07. This trade represents a 4.79 % decrease in their position. The disclosure for this sale can be found here. 0.68% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have weighed in on TXN. 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. Bank of America reduced their target price on shares of Texas Instruments from $220.00 to $215.00 and set a “neutral” rating for the company in a research report on Wednesday, October 23rd. Truist Financial reduced their target price on shares of Texas Instruments from $199.00 to $195.00 and set a “hold” rating for the company in a research report on Friday, January 24th. Rosenblatt Securities reiterated a “buy” rating and issued a $250.00 target price on shares of Texas Instruments in a research report on Tuesday, January 21st. Finally, Barclays reduced their target price on shares of Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating for the company in a research report on Friday, January 24th. 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 stock. According to data from MarketBeat.com, Texas Instruments currently has a consensus rating of “Hold” and an average target price of $209.20.

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.