Capital International Investors Grows Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Capital International Investors increased its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 26.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,194,675 shares of the semiconductor company’s stock after purchasing an additional 1,080,782 shares during the quarter. Capital International Investors’ holdings in Texas Instruments were worth $974,054,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Capital International Sarl lifted its stake in shares of Texas Instruments by 15.6% in the 4th quarter. Capital International Sarl now owns 8,674 shares of the semiconductor company’s stock worth $1,626,000 after purchasing an additional 1,169 shares during the period. Canada Pension Plan Investment Board raised its position in Texas Instruments by 271.8% in the fourth quarter. Canada Pension Plan Investment Board now owns 751,405 shares of the semiconductor company’s stock worth $140,896,000 after acquiring an additional 549,308 shares during the period. GKV Capital Management Co. Inc. purchased a new position in shares of Texas Instruments during the 4th quarter worth $110,000. MSH Capital Advisors LLC bought a new stake in shares of Texas Instruments during the 4th quarter valued at $276,000. Finally, NewEdge Advisors LLC increased its stake in shares of Texas Instruments by 3.7% in the 4th quarter. NewEdge Advisors LLC now owns 63,682 shares of the semiconductor company’s stock worth $11,941,000 after purchasing an additional 2,288 shares in the last quarter. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, Director Mark A. Blinn sold 590 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $180.71, for a total transaction of $106,618.90. Following the completion of the transaction, the director now owns 11,717 shares in the company, valued at $2,117,379.07. The trade was a 4.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Janet F. Clark sold 6,065 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was 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 owns 10,816 shares in the company, valued at approximately $2,202,353.92. The trade was 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 over the last quarter. Insiders own 0.57% of the company’s stock.

Analysts Set New Price Targets

TXN has been the subject of several recent research reports. Stifel Nicolaus cut their price target on Texas Instruments from $200.00 to $160.00 and set a “hold” rating for the company in a report on Thursday. Mizuho cut their price objective on Texas Instruments from $200.00 to $190.00 and set a “neutral” rating for the company in a research note on Friday, January 24th. Barclays decreased their target price on shares of Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating on the stock in a research note on Friday, January 24th. Robert W. Baird upgraded shares of Texas Instruments from a “neutral” rating to an “outperform” rating and set a $175.00 price target for the company in a research report on Monday, April 7th. Finally, UBS Group decreased their price objective on shares of Texas Instruments from $250.00 to $225.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $206.86.

Texas Instruments Price Performance

TXN stock opened at $148.34 on Friday. The company has a fifty day simple moving average of $177.08 and a two-hundred day simple moving average of $189.48. Texas Instruments Incorporated has a 52 week low of $139.95 and a 52 week high of $220.39. The company has a quick ratio of 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $134.97 billion, a P/E ratio of 28.58, a price-to-earnings-growth ratio of 3.30 and a beta of 0.99.

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

Texas Instruments Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 13th. Shareholders of record on Wednesday, April 30th will be paid a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a yield of 3.67%. Texas Instruments’s payout ratio is 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.