Fayez Sarofim & Co Buys 168,936 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Fayez Sarofim & Co grew its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 3.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,693,267 shares of the semiconductor company’s stock after buying an additional 168,936 shares during the quarter. Texas Instruments makes up 2.2% of Fayez Sarofim & Co’s holdings, making the stock its 12th biggest holding. Fayez Sarofim & Co owned approximately 0.51% of Texas Instruments worth $887,343,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. J. Safra Sarasin Holding AG boosted its position in shares of Texas Instruments by 1.1% during the 4th quarter. J. Safra Sarasin Holding AG now owns 369,959 shares of the semiconductor company’s stock valued at $69,371,000 after purchasing an additional 3,874 shares in the last quarter. OneDigital Investment Advisors LLC grew its holdings in Texas Instruments by 29.7% in the fourth quarter. OneDigital Investment Advisors LLC now owns 20,469 shares of the semiconductor company’s stock worth $3,838,000 after purchasing an additional 4,692 shares during the period. Stifel Financial Corp raised its stake in Texas Instruments by 0.7% during the 4th quarter. Stifel Financial Corp now owns 2,903,235 shares of the semiconductor company’s stock worth $544,401,000 after buying an additional 19,219 shares during the period. Tower Research Capital LLC TRC boosted its holdings in Texas Instruments by 87.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 97,656 shares of the semiconductor company’s stock worth $18,311,000 after acquiring an additional 45,615 shares in the last quarter. Finally, Transce3nd LLC acquired a new position in shares of Texas Instruments during the fourth quarter worth approximately $559,000. Institutional investors and hedge funds own 84.99% of the company’s stock.

Texas Instruments Stock Up 1.2 %

NASDAQ TXN opened at $148.34 on Monday. Texas Instruments Incorporated has a one year low of $139.95 and a one year high of $220.39. The company has a market cap of $134.97 billion, a P/E ratio of 28.58, a P/E/G ratio of 3.30 and a beta of 0.99. The business has a fifty day moving average price of $177.08 and a 200 day moving average price of $189.30. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.88 and a current ratio of 4.12.

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

Texas Instruments Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 13th. Shareholders of record on Wednesday, April 30th will be issued a $1.36 dividend. This represents a $5.44 annualized dividend and a yield of 3.67%. Texas Instruments’s payout ratio is 104.82%.

Insider Activity

In other Texas Instruments news, Director Mark A. Blinn sold 590 shares of the business’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $180.71, for a total value 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 transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Chairman Richard K. Templeton sold 97,000 shares of Texas Instruments stock in a transaction on Friday, February 21st. The shares were sold at an average price of $202.72, for a total value of $19,663,840.00. Following the completion of the transaction, the chairman now owns 409,089 shares of the company’s stock, valued at approximately $82,930,522.08. This trade represents a 19.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 297,655 shares of company stock valued at $59,841,304 in the last 90 days. Company insiders own 0.57% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on TXN. Barclays decreased 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. Wells Fargo & Company dropped their target price on Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. Cantor Fitzgerald restated a “neutral” rating and set a $200.00 price objective on shares of Texas Instruments in a research note on Friday, January 24th. Benchmark reiterated a “buy” rating and issued a $230.00 target price on shares of Texas Instruments in a research note on Friday, January 24th. Finally, Stifel Nicolaus dropped their price target on shares of Texas Instruments from $200.00 to $160.00 and set a “hold” rating on the stock in a research report on Thursday. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $206.86.

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.