Flputnam Investment Management Co. Increases Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Flputnam Investment Management Co. lifted its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 30.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 36,159 shares of the semiconductor company’s stock after acquiring an additional 8,361 shares during the period. Flputnam Investment Management Co.’s holdings in Texas Instruments were worth $6,164,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of TXN. Annapolis Financial Services LLC lifted its stake in shares of Texas Instruments by 333.3% in the third quarter. Annapolis Financial Services LLC now owns 156 shares of the semiconductor company’s stock valued at $25,000 after purchasing an additional 120 shares during the period. Briaud Financial Planning Inc purchased a new position in Texas Instruments during the 3rd quarter valued at about $25,000. Tennessee Valley Asset Management Partners purchased a new position in Texas Instruments during the 4th quarter valued at about $25,000. Life Planning Partners Inc purchased a new stake in shares of Texas Instruments during the fourth quarter worth about $26,000. Finally, Riverview Trust Co grew its holdings in shares of Texas Instruments by 57.4% during the third quarter. Riverview Trust Co now owns 181 shares of the semiconductor company’s stock worth $29,000 after buying an additional 66 shares in the last quarter. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Texas Instruments Stock Up 0.4 %

Shares of TXN traded up $0.72 during trading hours on Tuesday, reaching $167.07. The company’s stock had a trading volume of 416,970 shares, compared to its average volume of 5,442,156. The firm has a market cap of $152.04 billion, a price-to-earnings ratio of 23.56, a P/E/G ratio of 3.58 and a beta of 1.04. Texas Instruments Incorporated has a 1-year low of $139.48 and a 1-year high of $188.12. The company has a quick ratio of 3.35, a current ratio of 4.55 and a debt-to-equity ratio of 0.63. The company has a 50 day moving average of $167.76 and a two-hundred day moving average of $161.62.

Texas Instruments (NASDAQ:TXN) last issued its earnings results on Monday, January 22nd. The semiconductor company reported $1.49 earnings per share for the quarter, beating 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 the consensus estimate of $4.12 billion. During the same quarter in the prior year, the company earned $2.13 EPS. The firm’s quarterly revenue was down 12.7% on a year-over-year basis. As a group, research analysts predict that Texas Instruments Incorporated will post 5.16 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 13th. Investors of record on Wednesday, January 31st were issued a $1.30 dividend. The ex-dividend date of this dividend was Tuesday, January 30th. This represents a $5.20 dividend on an annualized basis and a yield of 3.11%. Texas Instruments’s dividend payout ratio is currently 73.65%.

Insider Buying and Selling

In other Texas Instruments news, Director Mark A. Blinn sold 1,744 shares of the stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $159.85, for a total transaction of $278,778.40. Following the transaction, the director now owns 11,693 shares in the company, valued at $1,869,126.05. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.68% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Cantor Fitzgerald boosted their target price on shares of Texas Instruments from $170.00 to $180.00 and gave the company a “neutral” rating in a report on Monday, April 8th. Rosenblatt Securities restated a “buy” rating and issued a $190.00 target price on shares of Texas Instruments in a report on Tuesday, January 23rd. Barclays lowered their target price on shares of Texas Instruments from $160.00 to $150.00 and set an “equal weight” rating for the company in a report on Wednesday, January 24th. Morgan Stanley lifted their price target on shares of Texas Instruments from $138.00 to $146.00 and gave the company an “underweight” rating in a research report on Wednesday, January 24th. Finally, Evercore ISI assumed coverage on shares of Texas Instruments in a research report on Tuesday. They set an “outperform” rating and a $213.00 price target on the stock. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $176.68.

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.