Citizens Financial Group Inc. RI Acquires 4,653 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Citizens Financial Group Inc. RI lifted its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 12.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 42,306 shares of the semiconductor company’s stock after acquiring an additional 4,653 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in Texas Instruments were worth $7,933,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Howard Capital Management Group LLC bought a new position in Texas Instruments in the third quarter worth $202,000. Capital Performance Advisors LLP bought a new position in Texas Instruments in the third quarter worth $39,000. XML Financial LLC raised its holdings in Texas Instruments by 8.5% in the third quarter. XML Financial LLC now owns 3,090 shares of the semiconductor company’s stock worth $638,000 after purchasing an additional 243 shares in the last quarter. Mesirow Financial Investment Management Inc. raised its holdings in Texas Instruments by 10.1% in the third quarter. Mesirow Financial Investment Management Inc. now owns 8,884 shares of the semiconductor company’s stock worth $1,835,000 after purchasing an additional 816 shares in the last quarter. Finally, Los Angeles Capital Management LLC raised its holdings in Texas Instruments by 200.8% in the third quarter. Los Angeles Capital Management LLC now owns 19,559 shares of the semiconductor company’s stock worth $4,040,000 after purchasing an additional 13,057 shares in the last quarter. Institutional investors own 84.99% of the company’s stock.

Texas Instruments Trading Down 2.1 %

Texas Instruments stock opened at $186.49 on Tuesday. The business has a 50-day simple moving average of $189.60 and a two-hundred day simple moving average of $197.23. The company has a market cap of $169.69 billion, a P/E ratio of 35.93, a P/E/G ratio of 3.30 and a beta of 0.98. Texas Instruments Incorporated has a 52-week low of $159.11 and a 52-week 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 quarterly earnings data on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share (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 quarter in the prior year, the firm posted $1.49 earnings per share. Analysts predict that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Announces Dividend

The business also recently disclosed 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 of this dividend was Friday, January 31st. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.92%. Texas Instruments’s dividend payout ratio (DPR) is presently 104.82%.

Insider Activity at Texas Instruments

In related news, Chairman Richard K. Templeton sold 97,000 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $202.72, for a total value of $19,663,840.00. Following the transaction, the chairman now directly owns 409,089 shares of the company’s stock, valued at approximately $82,930,522.08. The trade was a 19.17 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 value of $106,618.90. Following the completion of the transaction, the director now directly owns 11,717 shares in the company, valued at approximately $2,117,379.07. This represents a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 297,655 shares of company stock worth $59,841,304. 0.68% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. 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. Benchmark restated a “buy” rating and set a $230.00 price target on shares of Texas Instruments in a report on Friday, January 24th. Truist Financial reduced their price target on Texas Instruments from $199.00 to $195.00 and set a “hold” rating for the company in a report 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 for the company in a report on Monday, January 13th. Finally, Mizuho reduced their price target on Texas Instruments from $200.00 to $190.00 and set a “neutral” rating for the company in a report on Friday, January 24th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $209.20.

Texas Instruments Company 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.