Texas Instruments Incorporated (NASDAQ:TXN) Shares Bought by CCLA Investment Management

CCLA Investment Management lifted its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 4.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 538,880 shares of the semiconductor company’s stock after acquiring an additional 22,302 shares during the period. CCLA Investment Management’s holdings in Texas Instruments were worth $101,045,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of TXN. Pines Wealth Management LLC acquired a new stake in shares of Texas Instruments during the 4th quarter worth approximately $430,000. Wynn Capital LLC lifted its position in shares of Texas Instruments by 2.8% during the fourth quarter. Wynn Capital LLC now owns 5,300 shares of the semiconductor company’s stock worth $994,000 after purchasing an additional 146 shares in the last quarter. Tealwood Asset Management Inc. increased its position in shares of Texas Instruments by 1.8% during the fourth quarter. Tealwood Asset Management Inc. now owns 12,079 shares of the semiconductor company’s stock worth $2,265,000 after acquiring an additional 219 shares during the period. Miracle Mile Advisors LLC grew its position in shares of Texas Instruments by 28.0% during the fourth quarter. Miracle Mile Advisors LLC now owns 12,587 shares of the semiconductor company’s stock worth $2,360,000 after buying an additional 2,757 shares in the last quarter. Finally, Sunflower Bank N.A. purchased a new stake in shares of Texas Instruments in the 4th quarter valued at approximately $226,000. Institutional investors and hedge funds own 84.99% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on TXN shares. Evercore ISI lifted their price target on shares of Texas Instruments from $268.00 to $298.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Barclays cut their price target on shares of Texas Instruments from $210.00 to $200.00 and set an “equal weight” rating for the company in a report on Wednesday, October 23rd. Bank of America lowered their price target on shares of Texas Instruments from $220.00 to $215.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 23rd. Susquehanna dropped their price objective on Texas Instruments from $250.00 to $240.00 and set a “positive” rating for the company in a research note on Monday, October 21st. Finally, Cantor Fitzgerald reiterated a “neutral” rating and issued a $200.00 price target on shares of Texas Instruments in a research report on Wednesday, October 23rd. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, Texas Instruments currently has an average rating of “Hold” and a consensus price target of $209.71.

Insider Transactions at Texas Instruments

In other news, Director Robert E. Sanchez sold 9,990 shares of Texas Instruments stock in a transaction on Friday, October 25th. The stock was sold at an average price of $208.80, for a total transaction of $2,085,912.00. Following the completion of the sale, the director now owns 20,461 shares of the company’s stock, valued at approximately $4,272,256.80. This trade represents a 32.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ronald Kirk sold 10,539 shares of Texas Instruments stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $203.33, for a total transaction of $2,142,894.87. Following the completion of the sale, the director now owns 14,323 shares of the company’s stock, valued at approximately $2,912,295.59. The trade was a 42.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.68% of the company’s stock.

Texas Instruments Price Performance

Shares of TXN stock opened at $193.50 on Wednesday. The company has a current ratio of 4.31, a quick ratio of 3.14 and a debt-to-equity ratio of 0.74. Texas Instruments Incorporated has a 1 year low of $155.46 and a 1 year high of $220.38. The firm has a market capitalization of $176.51 billion, a price-to-earnings ratio of 35.97, a PEG ratio of 4.19 and a beta of 0.98. The firm’s 50 day moving average is $196.30 and its 200-day moving average is $199.76.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.09. Texas Instruments had a net margin of 31.60% and a return on equity of 29.05%. The business had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.12 billion. During the same quarter last year, the firm earned $1.80 EPS. Texas Instruments’s quarterly revenue was down 8.4% compared to the same quarter last year. Sell-side analysts forecast that Texas Instruments Incorporated will post 5.08 EPS for the current fiscal year.

Texas Instruments Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st were paid a $1.36 dividend. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.30. This represents a $5.44 annualized dividend and a yield of 2.81%. The ex-dividend date of this dividend was Thursday, October 31st. Texas Instruments’s payout ratio is presently 101.12%.

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.