Van ECK Associates Corp Increases Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Van ECK Associates Corp increased its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 10.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,634,521 shares of the semiconductor company’s stock after purchasing an additional 348,014 shares during the quarter. Texas Instruments accounts for 1.1% of Van ECK Associates Corp’s investment portfolio, making the stock its 18th biggest position. Van ECK Associates Corp owned 0.40% of Texas Instruments worth $619,540,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Morgan Stanley lifted its stake in shares of Texas Instruments by 14.2% in the 3rd quarter. Morgan Stanley now owns 14,154,358 shares of the semiconductor company’s stock valued at $2,250,685,000 after acquiring an additional 1,755,582 shares during the last quarter. California Public Employees Retirement System lifted its position in Texas Instruments by 33.2% in the fourth quarter. California Public Employees Retirement System now owns 6,035,704 shares of the semiconductor company’s stock valued at $1,028,846,000 after purchasing an additional 1,502,989 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Texas Instruments by 565.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,693,577 shares of the semiconductor company’s stock valued at $288,687,000 after purchasing an additional 1,439,066 shares during the period. Baillie Gifford & Co. grew its holdings in shares of Texas Instruments by 338.4% in the fourth quarter. Baillie Gifford & Co. now owns 1,795,191 shares of the semiconductor company’s stock worth $306,008,000 after purchasing an additional 1,385,725 shares during the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC purchased a new position in shares of Texas Instruments in the third quarter worth $196,135,000. 84.99% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on TXN. Morgan Stanley raised their price target on shares of Texas Instruments from $138.00 to $146.00 and gave the stock an “underweight” rating in a report on Wednesday, January 24th. Susquehanna raised their target price on Texas Instruments from $200.00 to $205.00 and gave the stock a “positive” rating in a research note on Wednesday, April 24th. Robert W. Baird upped their price target on Texas Instruments from $125.00 to $175.00 and gave the company a “neutral” rating in a research report on Thursday. Truist Financial increased their target price on Texas Instruments from $165.00 to $167.00 and gave the stock a “hold” rating in a research note on Wednesday, April 24th. Finally, Evercore ISI increased their price objective on shares of Texas Instruments from $213.00 to $225.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $180.74.

Insider Transactions at Texas Instruments

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 transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.68% of the company’s stock.

Texas Instruments Stock Performance

Texas Instruments stock traded up $1.81 during mid-day trading on Monday, reaching $179.29. 4,172,203 shares of the stock traded hands, compared to its average volume of 5,689,042. Texas Instruments Incorporated has a 12-month low of $139.48 and a 12-month high of $188.12. The business’s 50-day moving average is $169.29 and its 200-day moving average is $162.29. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.91 and a quick ratio of 3.76. The stock has a market capitalization of $163.24 billion, a PE ratio of 27.69, a price-to-earnings-growth ratio of 3.78 and a beta of 1.04.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share (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 business had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.61 billion. During the same period in the previous year, the company posted $1.85 EPS. The business’s quarterly revenue was down 16.4% compared to the same quarter last year. As a group, sell-side analysts predict that Texas Instruments Incorporated will post 5.21 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 21st. Stockholders of record on Wednesday, May 8th will be paid a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 2.90%. The ex-dividend date is Tuesday, May 7th. Texas Instruments’s dividend payout ratio is presently 81.12%.

About Texas Instruments

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.