Mirae Asset Global Investments Co. Ltd. Buys 80,977 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Mirae Asset Global Investments Co. Ltd. raised its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 9.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 957,679 shares of the semiconductor company’s stock after purchasing an additional 80,977 shares during the period. Texas Instruments accounts for 0.7% of Mirae Asset Global Investments Co. Ltd.’s holdings, making the stock its 18th biggest holding. Mirae Asset Global Investments Co. Ltd.’s holdings in Texas Instruments were worth $182,984,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Financial Life Planners acquired a new position in shares of Texas Instruments during the fourth quarter valued at about $26,000. Retirement Wealth Solutions LLC acquired a new position in Texas Instruments during the 4th quarter valued at about $27,000. MidAtlantic Capital Management Inc. bought a new stake in Texas Instruments during the 3rd quarter worth approximately $28,000. Tsfg LLC raised its stake in shares of Texas Instruments by 82.0% in the third quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock worth $38,000 after purchasing an additional 82 shares during the last quarter. Finally, Capital Performance Advisors LLP bought a new position in shares of Texas Instruments in the third quarter valued at approximately $39,000. Institutional investors and hedge funds own 84.99% of the company’s stock.

Texas Instruments Stock Performance

Shares of TXN stock opened at $180.56 on Wednesday. Texas Instruments Incorporated has a 12 month low of $155.46 and a 12 month high of $220.38. The stock has a market capitalization of $164.71 billion, a P/E ratio of 34.79, a PEG ratio of 2.94 and a beta of 0.97. 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’s 50 day moving average is $191.25 and its 200 day moving average is $198.57.

Texas Instruments (NASDAQ:TXN) last posted its earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate 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 quarter in the prior year, the company earned $1.49 EPS. On average, sell-side analysts anticipate that Texas Instruments Incorporated will post 5.42 earnings per share for the current year.

Texas Instruments Announces Dividend

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 given a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a dividend yield of 3.01%. The ex-dividend date is Friday, January 31st. Texas Instruments’s dividend payout ratio is presently 104.82%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Cantor Fitzgerald reiterated a “neutral” rating and set a $200.00 price target on shares of Texas Instruments in a report on Friday, January 24th. Benchmark reiterated a “buy” rating and issued a $230.00 target price on shares of Texas Instruments in a report on Friday, January 24th. Rosenblatt Securities restated a “buy” rating and set a $250.00 price target on shares of Texas Instruments in a report on Tuesday, January 21st. Morgan Stanley upped their price objective on shares of Texas Instruments from $154.00 to $167.00 and gave the stock an “underweight” rating in a research report on Wednesday, October 23rd. Finally, Truist Financial cut their target price 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. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $209.20.

Insider Transactions at Texas Instruments

In other Texas Instruments news, Director Ronald Kirk sold 10,539 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was 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 position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.68% of the company’s stock.

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.