DNB Asset Management AS Boosts Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

DNB Asset Management AS lifted its stake in Texas Instruments Incorporated (NASDAQ:TXN – Get Rating) by 1.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 247,427 shares of the semiconductor company’s stock after buying an additional 4,326 shares during the period. DNB Asset Management AS’s holdings in Texas Instruments were worth $40,880,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the stock. Visionary Wealth Advisors grew its position in shares of Texas Instruments by 0.6% in the 2nd quarter. Visionary Wealth Advisors now owns 9,191 shares of the semiconductor company’s stock valued at $1,412,000 after buying an additional 57 shares during the last quarter. Beacon Capital Management LLC grew its position in Texas Instruments by 34.5% during the 3rd quarter. Beacon Capital Management LLC now owns 234 shares of the semiconductor company’s stock worth $36,000 after purchasing an additional 60 shares during the last quarter. Independence Bank of Kentucky grew its position in Texas Instruments by 6.7% during the 4th quarter. Independence Bank of Kentucky now owns 949 shares of the semiconductor company’s stock worth $157,000 after purchasing an additional 60 shares during the last quarter. Salem Investment Counselors Inc. grew its position in Texas Instruments by 16.8% during the 1st quarter. Salem Investment Counselors Inc. now owns 417 shares of the semiconductor company’s stock worth $77,000 after purchasing an additional 60 shares during the last quarter. Finally, Manchester Capital Management LLC grew its position in Texas Instruments by 1.4% during the 3rd quarter. Manchester Capital Management LLC now owns 4,559 shares of the semiconductor company’s stock worth $706,000 after purchasing an additional 61 shares during the last quarter. 83.12% of the stock is owned by hedge funds and other institutional investors.

Texas Instruments Price Performance

Shares of NASDAQ TXN traded down $1.42 during midday trading on Friday, hitting $175.71. The company had a trading volume of 12,963,340 shares, compared to its average volume of 4,398,245. The company has a quick ratio of 3.77, a current ratio of 4.70 and a debt-to-equity ratio of 0.56. Texas Instruments Incorporated has a twelve month low of $144.46 and a twelve month high of $191.34. The business has a 50-day simple moving average of $175.62 and a two-hundred day simple moving average of $169.50. The firm has a market capitalization of $159.23 billion, a price-to-earnings ratio of 18.69, a price-to-earnings-growth ratio of 2.52 and a beta of 1.04.

Texas Instruments (NASDAQ:TXN – Get Rating) last announced its earnings results on Tuesday, January 24th. The semiconductor company reported $2.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.96 by $0.17. The company had revenue of $4.67 billion during the quarter, compared to analysts’ expectations of $4.64 billion. Texas Instruments had a net margin of 43.68% and a return on equity of 61.06%. The firm’s quarterly revenue was down 3.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.27 earnings per share. Equities research analysts anticipate that Texas Instruments Incorporated will post 7.53 earnings per share for the current year.

Texas Instruments Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 14th. Shareholders of record on Tuesday, January 31st were given a dividend of $1.24 per share. This represents a $4.96 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date of this dividend was Monday, January 30th. Texas Instruments’s payout ratio is currently 52.77%.

Wall Street Analyst Weigh In

TXN has been the topic of several research reports. Morgan Stanley raised their price objective on shares of Texas Instruments from $152.00 to $166.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 25th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Texas Instruments from $155.00 to $158.00 in a research report on Wednesday, December 14th. Cowen raised their price objective on shares of Texas Instruments from $160.00 to $175.00 and gave the stock a “market perform” rating in a research report on Wednesday, January 25th. Benchmark lifted their target price on shares of Texas Instruments from $189.00 to $203.00 and gave the company a “buy” rating in a report on Wednesday, January 25th. Finally, Mizuho lifted their target price on shares of Texas Instruments from $159.00 to $165.00 and gave the company a “neutral” rating in a report on Wednesday, January 25th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $179.70.

Insiders Place Their Bets

In other Texas Instruments news, VP Ahmad Bahai sold 1,200 shares of Texas Instruments stock in a transaction dated Monday, February 13th. The shares were sold at an average price of $176.67, for a total transaction of $212,004.00. Following the completion of the transaction, the vice president now owns 30,357 shares in the company, valued at $5,363,171.19. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Texas Instruments news, VP Ahmad Bahai sold 1,200 shares of Texas Instruments stock in a transaction dated Monday, February 13th. The shares were sold at an average price of $176.67, for a total transaction of $212,004.00. Following the completion of the transaction, the vice president now owns 30,357 shares in the company, valued at $5,363,171.19. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Mark A. Blinn sold 3,068 shares of the business’s stock in a transaction that occurred on Friday, February 3rd. The shares were sold at an average price of $181.69, for a total transaction of $557,424.92. Following the completion of the transaction, the director now directly owns 11,773 shares of the company’s stock, valued at approximately $2,139,036.37. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by company insiders.

About Texas Instruments

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Texas Instruments Incorporated engages in the design and manufacture of semiconductors. It operates through Analog and Embedded Processing segments. The Analog segment includes semiconductors change real-world signals, such as sound, temperature, pressure or images, by conditioning them, amplifying them and often converting them to a stream of digital data that can be processed by other semiconductors, such as embedded processors.