Texas Instruments Incorporated (NASDAQ:TXN) Shares Bought by MJP Associates Inc. ADV

MJP Associates Inc. ADV increased its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 53.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,946 shares of the semiconductor company’s stock after acquiring an additional 681 shares during the quarter. MJP Associates Inc. ADV’s holdings in Texas Instruments were worth $332,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Texas Instruments in the 4th quarter valued at approximately $1,548,365,000. Moneta Group Investment Advisors LLC grew its stake in shares of Texas Instruments by 60,024.4% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 8,363,303 shares of the semiconductor company’s stock worth $1,381,785,000 after purchasing an additional 8,349,393 shares during the period. Morgan Stanley increased its holdings in shares of Texas Instruments by 54.4% in the 4th quarter. Morgan Stanley now owns 14,735,331 shares of the semiconductor company’s stock valued at $2,434,572,000 after purchasing an additional 5,191,426 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Texas Instruments by 13.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 14,638,302 shares of the semiconductor company’s stock worth $2,685,836,000 after buying an additional 1,779,273 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in Texas Instruments by 565.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,693,577 shares of the semiconductor company’s stock valued at $288,687,000 after acquiring an additional 1,439,066 shares in the last quarter. 84.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have commented on TXN shares. KeyCorp increased their price objective on shares of Texas Instruments from $180.00 to $200.00 and gave the company an “overweight” rating in a research note on Wednesday, January 24th. TD Cowen lifted their price objective on shares of Texas Instruments from $145.00 to $160.00 and gave the stock a “market perform” rating in a report on Wednesday, January 24th. Cantor Fitzgerald reiterated a “neutral” rating and set a $170.00 price objective on shares of Texas Instruments in a research note on Monday, March 4th. Susquehanna decreased their target price on Texas Instruments from $205.00 to $200.00 and set a “positive” rating for the company in a research note on Wednesday, January 24th. Finally, UBS Group upgraded Texas Instruments from a “neutral” rating to a “buy” rating and increased their price target for the stock from $170.00 to $195.00 in a research report on Friday, January 19th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $173.89.

Texas Instruments Trading Up 0.8 %

Shares of Texas Instruments stock traded up $1.34 on Thursday, hitting $174.21. 4,361,255 shares of the company’s stock traded hands, compared to its average volume of 5,662,097. The stock has a market capitalization of $158.54 billion, a PE ratio of 24.65, a price-to-earnings-growth ratio of 3.61 and a beta of 1.04. Texas Instruments Incorporated has a one year low of $139.48 and a one year high of $188.12. The firm’s 50-day moving average price is $166.63 and its two-hundred day moving average price is $160.86. The company has a debt-to-equity ratio of 0.63, a current ratio of 4.55 and a quick ratio of 3.35.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Monday, January 22nd. The semiconductor company reported $1.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $0.03. Texas Instruments had a return on equity of 39.96% and a net margin of 37.16%. The company had revenue of $4.08 billion for the quarter, compared to analysts’ expectations of $4.12 billion. During the same quarter in the prior year, the business posted $2.13 EPS. The business’s revenue was down 12.7% compared to the same quarter last year. On average, research analysts expect that Texas Instruments Incorporated will post 5.16 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 13th. Shareholders of record on Wednesday, January 31st were issued a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 2.98%. The ex-dividend date of this dividend was Tuesday, January 30th. Texas Instruments’s dividend payout ratio is 73.65%.

Insiders Place Their Bets

In other news, Director Mark A. Blinn sold 1,744 shares of Texas Instruments stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $159.85, for a total value of $278,778.40. Following the completion of the sale, the director now directly owns 11,693 shares in the company, valued at $1,869,126.05. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company 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.