Chicago Capital LLC Boosts Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Chicago Capital LLC raised its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 22.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,009 shares of the semiconductor company’s stock after acquiring an additional 1,823 shares during the period. Chicago Capital LLC’s holdings in Texas Instruments were worth $1,877,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Fiduciary Alliance LLC grew its stake in shares of Texas Instruments by 25.3% in the fourth quarter. Fiduciary Alliance LLC now owns 36,801 shares of the semiconductor company’s stock worth $6,901,000 after purchasing an additional 7,424 shares during the last quarter. Townsquare Capital LLC raised its holdings in shares of Texas Instruments by 5.9% during the third quarter. Townsquare Capital LLC now owns 93,689 shares of the semiconductor company’s stock valued at $19,353,000 after acquiring an additional 5,201 shares in the last quarter. Ameritas Advisory Services LLC lifted its stake in Texas Instruments by 73.7% in the fourth quarter. Ameritas Advisory Services LLC now owns 8,739 shares of the semiconductor company’s stock worth $1,639,000 after acquiring an additional 3,707 shares during the period. HB Wealth Management LLC boosted its holdings in Texas Instruments by 4.4% in the fourth quarter. HB Wealth Management LLC now owns 99,856 shares of the semiconductor company’s stock valued at $18,724,000 after acquiring an additional 4,238 shares in the last quarter. Finally, Swiss National Bank increased its position in Texas Instruments by 0.3% during the 3rd quarter. Swiss National Bank now owns 2,702,500 shares of the semiconductor company’s stock valued at $558,255,000 after purchasing an additional 8,100 shares during the period. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Morgan Stanley increased their price target on shares of Texas Instruments from $154.00 to $167.00 and gave the stock an “underweight” rating in a research note on Wednesday, October 23rd. Benchmark restated a “buy” rating and issued a $230.00 target price on shares of Texas Instruments in a research note on Friday, January 24th. Wells Fargo & Company reduced 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. Mizuho lowered their price objective on Texas Instruments from $200.00 to $190.00 and set a “neutral” rating for the company in a research report on Friday, January 24th. Finally, Truist Financial reduced their target price on shares of Texas Instruments from $199.00 to $195.00 and set a “hold” rating on the stock in a research report on Friday, January 24th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $209.20.

Insider Activity

In other Texas Instruments news, Director Ronald Kirk sold 10,539 shares of the company’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 completion of the sale, the director now owns 14,323 shares in the company, valued at $2,912,295.59. This represents a 42.39 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.68% of the company’s stock.

Texas Instruments Stock Down 0.4 %

TXN opened at $184.61 on Monday. The stock has a market capitalization of $168.40 billion, a price-to-earnings ratio of 35.57, a PEG ratio of 2.94 and a beta of 0.97. The firm has a 50 day moving average price of $191.69 and a 200-day moving average price of $198.78. Texas Instruments Incorporated has a twelve month low of $155.46 and a twelve month high of $220.38. The company has a quick ratio of 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76.

Texas Instruments (NASDAQ:TXN) last announced its earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share for the quarter, beating analysts’ consensus estimates 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 last year, the firm posted $1.49 earnings per share. Equities research analysts forecast that Texas Instruments Incorporated will post 5.42 earnings per share for the current year.

Texas Instruments Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st will be paid a dividend of $1.36 per share. The ex-dividend date of this dividend is Friday, January 31st. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.95%. Texas Instruments’s dividend payout ratio is currently 104.82%.

About Texas Instruments

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.