Texas Instruments Incorporated (NASDAQ:TXN) Shares Bought by Russell Investments Group Ltd.

Russell Investments Group Ltd. lifted its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 8.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 725,220 shares of the semiconductor company’s stock after acquiring an additional 57,574 shares during the period. Russell Investments Group Ltd. owned 0.08% of Texas Instruments worth $123,753,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. White Pine Capital LLC boosted its stake in shares of Texas Instruments by 4.0% during the fourth quarter. White Pine Capital LLC now owns 1,938 shares of the semiconductor company’s stock valued at $330,000 after acquiring an additional 74 shares during the last quarter. Golden State Equity Partners lifted its position in Texas Instruments by 35.0% during the fourth quarter. Golden State Equity Partners now owns 6,663 shares of the semiconductor company’s stock worth $1,136,000 after buying an additional 1,728 shares during the period. Spinnaker Trust lifted its position in Texas Instruments by 3.8% during the fourth quarter. Spinnaker Trust now owns 50,496 shares of the semiconductor company’s stock worth $8,608,000 after buying an additional 1,857 shares during the period. VCI Wealth Management LLC purchased a new position in Texas Instruments during the fourth quarter worth about $1,101,000. Finally, Syon Capital LLC lifted its position in Texas Instruments by 22.8% during the fourth quarter. Syon Capital LLC now owns 6,122 shares of the semiconductor company’s stock worth $1,044,000 after buying an additional 1,135 shares during the period. Institutional investors and hedge funds own 84.99% of the company’s stock.

Insiders Place Their Bets

In other Texas Instruments news, Director Mark A. Blinn sold 1,744 shares of the business’s stock in a transaction dated Wednesday, January 31st. The stock was 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 owns 11,693 shares of the company’s stock, valued at $1,869,126.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.68% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Robert W. Baird increased their target price on Texas Instruments from $125.00 to $175.00 and gave the stock a “neutral” rating in a research report on Thursday. Oppenheimer restated a “market perform” rating on shares of Texas Instruments in a report on Wednesday. Mizuho raised their price objective on Texas Instruments from $164.00 to $170.00 and gave the stock a “neutral” rating in a report on Wednesday. Cantor Fitzgerald restated a “neutral” rating and issued a $180.00 price objective on shares of Texas Instruments in a report on Wednesday. Finally, Evercore ISI raised their price objective on Texas Instruments from $213.00 to $225.00 and gave the stock an “outperform” rating in a report on Wednesday. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $180.74.

Texas Instruments Price Performance

Shares of TXN traded up $2.23 during midday trading on Friday, reaching $177.48. The stock had a trading volume of 5,401,860 shares, compared to its average volume of 5,477,503. Texas Instruments Incorporated has a 52 week low of $139.48 and a 52 week high of $188.12. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.91 and a quick ratio of 3.35. The company has a market capitalization of $161.59 billion, a P/E ratio of 27.69, a P/E/G ratio of 3.75 and a beta of 1.04. The firm’s 50 day moving average price is $169.29 and its 200-day moving average price is $162.22.

Texas Instruments (NASDAQ:TXN) last issued its earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. Texas Instruments had a return on equity of 35.28% and a net margin of 35.16%. The firm had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $3.61 billion. During the same quarter in the previous year, the company posted $1.85 earnings per share. The business’s quarterly revenue was down 16.4% compared to the same quarter last year. On average, analysts forecast that Texas Instruments Incorporated will post 5.2 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 21st. Shareholders of record on Wednesday, May 8th will be given a $1.30 dividend. The ex-dividend date of this dividend is Tuesday, May 7th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.93%. Texas Instruments’s dividend payout ratio is currently 81.12%.

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.