OFI Invest Asset Management Acquires New Position in Texas Instruments Incorporated (NASDAQ:TXN)

OFI Invest Asset Management purchased a new position in Texas Instruments Incorporated (NASDAQ:TXN) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 19,076 shares of the semiconductor company’s stock, valued at approximately $3,454,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Howard Capital Management Group LLC purchased a new stake in Texas Instruments in the third quarter worth $202,000. Consolidated Planning Corp boosted its position in Texas Instruments by 44.9% during the third quarter. Consolidated Planning Corp now owns 1,819 shares of the semiconductor company’s stock valued at $376,000 after purchasing an additional 564 shares in the last quarter. Capital Performance Advisors LLP bought a new stake in Texas Instruments during the third quarter valued at about $39,000. Hollencrest Capital Management boosted its position in Texas Instruments by 15.1% during the third quarter. Hollencrest Capital Management now owns 2,510 shares of the semiconductor company’s stock valued at $518,000 after purchasing an additional 329 shares in the last quarter. Finally, Fiera Capital Corp boosted its position in Texas Instruments by 12.5% during the third quarter. Fiera Capital Corp now owns 18,975 shares of the semiconductor company’s stock valued at $3,920,000 after purchasing an additional 2,112 shares in the last quarter. 84.99% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

TXN has been the subject of several recent analyst reports. Barclays lowered their price target on Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating for the company in a report on Friday, January 24th. Rosenblatt Securities restated a “buy” rating and issued a $250.00 price objective on shares of Texas Instruments in a research report on Tuesday, January 21st. Wells Fargo & Company lowered their price target on Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating on the stock in a research note on Monday, January 13th. Truist Financial lowered their price target on Texas Instruments from $199.00 to $195.00 and set a “hold” rating on the stock in a research note on Friday, January 24th. Finally, Benchmark reissued a “buy” rating and set a $230.00 price objective on shares of Texas Instruments in a research note on Friday, January 24th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Texas Instruments has an average rating of “Hold” and a consensus price target of $209.20.

Insider Buying and Selling

In other news, Chairman Richard K. Templeton sold 97,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $197.69, for a total value of $19,175,930.00. Following the completion of the sale, the chairman now directly owns 409,089 shares of the company’s stock, valued at $80,872,804.41. This trade represents a 19.17 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Janet F. Clark sold 6,065 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $203.62, for a total value of $1,234,955.30. Following the completion of the sale, the director now directly owns 10,816 shares of the company’s stock, valued at $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. Insiders have sold 297,655 shares of company stock worth $59,841,304 in the last quarter. 0.68% of the stock is owned by insiders.

Texas Instruments Price Performance

TXN stock opened at $190.52 on Friday. 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 firm has a market capitalization of $173.36 billion, a P/E ratio of 36.71, a P/E/G ratio of 3.30 and a beta of 0.98. The business’s 50-day moving average is $189.62 and its two-hundred day moving average is $197.43. Texas Instruments Incorporated has a 1 year low of $159.11 and a 1 year high of $220.38.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings data on Thursday, January 23rd. The semiconductor company reported $1.30 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 period in the prior year, the company posted $1.49 EPS. Analysts anticipate that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Friday, January 31st were paid a dividend of $1.36 per share. The ex-dividend date was Friday, January 31st. This represents a $5.44 dividend on an annualized basis and a yield of 2.86%. Texas Instruments’s dividend payout ratio is presently 104.82%.

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.